Bitcoin Cash forked from the BTC blockchain on August 1, 2017. After a week of trading, it settled in at just under 10% of the value of its parent chain. Could it make the leap to become the most valuable crypto of all time?
In this video, we discuss three reasons that Bitcoin Cash has the advantage in this fight.
- Transaction Fees - 0:24
- Mining Stability - 1:18
- Satoshi's Vision - 3:04
The full Satoshi quote in this video is as follows:
"Another option is to reduce the number of free transactions allowed per block before transaction fees are required. Nodes only take so many KB of free transactions per block before they start requiring at least 0.01 transaction fee.
The threshold should probably be lower than it currently is.
I don't think the threshold should ever be 0. We should always allow at least some free transactions."
Source: http://satoshi.nakamotoinstitute.org/posts/bitcointalk/439/#selection-21.3-29.102
About the show: One Minute Crypto is among the fastest-paced bitcoin shows in the universe. We cover everything on blockchain technology: walkthroughs, tutorials, news, and more.
We are giving away $100 of bitcoin at the end of August! Enter the drawing at http://oneminutecrypto.com/join.
I never would count out any coin such as BCH. I am staying neutral. I own both
Same here. It's hard to predict this stuff.
It's best for us to stay coin agnostic.
I agree
BCH could very well become the dominant Bitcoin when everything is said and done. Things could get interesting...
Nice Re-steemed!
Not an expert here but isn't bitcoin's only andvatage the first place and amount of miners?
BCH is just another altcoin and there are much better ones, and it is not the first bitcoin and it doesnt have bitcoin's miner base. Sure it is better in technology than bitcoin but if you compare it to other altcoins then..
It's no better in technology than bitcoin, they just have a few developpers that just change the block size, not that difficult ... and have probably no idea how the whole code is working ... this project is going to slowly die as the core bitcoin will gradually improve ...
BCH controls all the mining.
Hey, you got a new follower here. The hard fork has really made me look at Bitcoin with fresh eyes. There's such an emotional attachment to the original, but I am looking for Satoshi's vision to be fulfilled.
I think a lot of institutional investors are now pouring into Bitcoin since the hard fork drama has passed. But it will be super interesting to see what happens if miners switch and the Bitcoin network grinds to a halt. This Steemian wrote a great article on it:
https://steemit.com/bitcoin/@belerophon/the-black-swan-that-could-turn-bitcoin-upside-down
Personally, I think the ZenCash project is awesome and closer to Satoshi's vision than Bitcoin/Bitcoin Cash.
Thanks, and now following. After the UAHF it's becoming clearer what BCH is all about, and you're helping get the word out.
BCH (BCC) is now over $845 and even more interesting, the trade volume is $3.5 billion USD compared to $3.0 billion USD for BTC. This means that Bitcoin Cash is more used than Bitcoin at the moment, even if the usage happens to be "speculation".
I think that the fork was the best thing ever happen to Bitcoin. Now two similar coins have to not only please the miners, but also please the users and do something about the high transaction fees or see their value tumble against the other bitcoin.
Read what Scott Adams wrote about "Hysteria Bubble" on Zerohedge today! The Bitcoin core fanboys are clearly showing the signs of being in a reality denying bubble and are freaking out now when BCH is rallying. If BCH would pass Bitcoin Core, the Bitcoin Core people will either mentally break down or start working way faster to get the transaction fees down.
Blockstream has no incentive to do that. They want off chain payment processing with liquid. Seems that AXA/Blockstream hijacked Bitcoin.