RE: The Big Long – Update on Collapse in Bitcoin Dominance – 11/14/17
Bitcoin cash will never have segwit, they forked the network not to implement segwit, it would also be asic resistant so why should Bitmain allow this? The block size is not a definitive scaling solution, you can’t deal with hundreds of millions of transactions daily just increasing the block size...nobody would ever be able to run a full node with so much data to record, the fact that bitcoin cash works today is because still a niche of enthusiasts know about cryptocurrencies and who does barely knows the difference between Ethereum and btc, but from this to go mainstream in people’s everyday life is a big difference...and in my opinion, if you really want big blocks then just use Dash which has 45mb blocks, using bitcoin brand on a coin that without its name would be out of the top 50 is just an attempt to destroy bitcoin and spread FUD on the markets.
There is no attempt to destroy bitcoin because hard forks are a free market solution. Several hard forks have been tried before on bitcoin with no effect. Bitcoin cash has taken market share because bitcoin has failed to upgrade, IMO. While secondary scaling solutions are necessary, 1 mb is still a joke. Bitcoin market share should continue to decline.
Agreed on the decline of BTC. I heavily believe in protocol level improvements. A tree with strong roots can withstand a storm. You can read from the founder of Dash Evan Duffield on the topic of on-chain scaling with 400MB blocks :https://medium.com/@eduffield222/how-to-enabling-on-chain-scaling-2ffab5997f8b
I truly believe in Dash Evolution and Dash is currently my biggest crypto position. I also wrote a semi-parody post on Bitcoin scaling comparing it to better products: https://steemit.com/cryptocurrency/@vimukthi/bitcoin-fees-triple-under-a-week-while-dash-makes-itself-10-times-cheaper-my-discovery-of-a-secret-device-to-store-the-entire