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RE: Bitcoin Cash and Bitcoin

Another reason it surged today is because of the unexpected early activation on Coinbase (was scheduled for January 1st), not just for withdrawl, but buying as well. It crashed Coinbase temporarily!

I would spend some time reading the arguments presented on /r/btc subreddit - that the reason BHC is succeeding is because it is following the original bitcoin whitepaper by Satoshi Nakamoto, which calls for scaling with larger blocks. Bitcoin Core developers have been keeping the blocks suppressed at 1 MB to create demand for their 2nd-layer "solution", resulting in the congestion we see now.

I also don't get attached to any coin, but I'm 60% in BCH and 40% in BTC right now... slowly converting towards 100% BCH. My hunch is that BTC will make another run up to an all-time-high, maybe the Core devs will even do an emergency block size increase. In the long term though, I agree with John McAfee that "Bitcoin Cash will win."

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I read that recently too about Mcafee. So what does that mean for core in that scenario? It goes away completely?

There is some fear-mongering going on that once people try to start getting out of Bitcoin Core, the mining hash rate could go down so fast that people won't be able to move their bitcoins out in time. Who knows if that will actually happen. See the interview with Roger Ver at the bottom of my latest post:

https://steemit.com/bitcoin/@tantrahedron/bch-battle-on-gdax-today

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