[dtube] Bitcoin VS Bitcoin Cash: Which Side Am I On?
Honza Cervenka says "Bitcoin VS Bitcoin Cash !?!?"
DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.
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Original date of upload: December 21st, 2017
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Well, that was pretty short. In my opinion, it's better to put hardforks on Bitcoin and solve the issues that it may have than to go creating new cryptocurrencies to "substitute" the one that is already on the way to improvement, to become what we really want.
Otherwise, we'll be promoting eternal branching and weakening of each cryptocurrency that we want to support and that will probably end up in many of the concepts dying from weakness in the face of other stronger cryptocurrencies that may not be as good but have been solid since the start.
True I do see merits in hard fork but they lead to less nodes. Don't get me wrong bitcoin will need to do a HF to make the LN even cheaper and faster. However the concept of just HF justs seems sad. Oh we need to scale...let just inc the blocks and sacrifice some nodes . Second with the use of atomic swaps and other tech-bitcoin sidechain will become so easy to use. These sidechains will give the tech of altcoins the price and brand name of bitcoin.
I definitely chose bitcoin as well. However, when you mentioned bitcoin cash I remember your friend Marc De Mesel who is actually invested in bitcoin cash. And he did pretty well in past as well. I’m invested in bitcoin cash a bit as well, but mostly in bitcoin and other known cryptocurrencies. Definitely with you on bitcoin.
I am not so much of chooser but more pragmatic in matters of crypto currency. This might sound shallow.................
hear me out - building on the premise of what you state. That decentralization is the key aspect. Even primary factors like scaling come after it. There is going to come a time where govt's would force the semi-centralization of crypto's and this probably what you refer to as crack down. We need as many nodes as possible and we need the width of social spectrum, i.e. that people from all walks of life participating on the blockchain - particularly crypto's. Which would include things like mining to tender to trade of the coins.
At the end of the day I believe that if a currency can justify it's existence in the market then I will take recognize it. No matter the fork or the source (as long as it is open source with multiple nodes).
That all being said I still like to clarify that I hold Bitcoin in my portfolio but no Bitcoin cash.
Short therm bitcoin cash can outperform bitcoin. But if I had to chose, it’s no brainer, it’s bitcoin. Even though bitcoin cash has lower fees as of now, I’m sure it will eventually levels out. You need bitcoin to buy other currencies. And as you mentioned example of China, decentralization... without doubt bitcoin “legacy”. Just imagine if you eleminated these two coins, which one do you think will have bigger impact on overall crypto market?
Simple explanation and I agree 100% with you. Decentralization comes first and it is most important thing for BTC.
This fight between bitcoin and bitcoin cash has become very irrational. The fanatics of each coin focus on talking badly about each other. The most rational is to maintain a unbiased stance, to support the currency that is most useful and innovative, it is not a question only of reputation and fanaticism
this one right here ^^^
Thank you for speaking my opinion.
Depends on the reasoning. Bitcoin is the brand, the name, the future. It will always be a store of value, very limited supply and it tradable against all other coins on exchanges. So it will continue to grow in value.
Bitcoin Cash on the other hand, has faster transactions, lower fees and is more likely to be adopted for day to day use. As it is partnered officially with Bitcoin it will continue to grow in popularity.
"Bitcoin Cash has the advantage of lower transaction fees and faster transaction times. The more widely used Bitcoin has been testing a new technology, called Lightning Network, that, if deployed at scale, could significantly cut Bitcoin Cash’s advantage..."
https://goo.gl/YjvaeV
Bitcoin vs Bitcoin Cash.... which side am I on? Steem! Bitcoin is good and everything but it's running on obsolete tech at this point and they need to speed up development if they want to survive 2018.
bitcoin is the real bitcoin
for now bitcoin seems a safe bet , with cash being a secondary one possibly cheaper , it may even out after a while as something else will come along