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RE: WHY BITCOIN GOLD FORK WILL NOT CAUSE HAVOC!!!

in #bitcoin7 years ago (edited)

I know we've discussed this before, but I'll throw out a new angle for the discussion. Perhaps the other methods are not actually superior simply because they are not known by the general public. I get asked about bitcoin just about every day from people I know, and then from people who just heard I knew something about it. I have never once, ever, not one time, been asked about another coin outside of crypto based websites. In fact, I know some very intelligent people who are into bitcoin sort of on the side, and even those people didn't know a coin market this big even existed outside of bitcoin.

There may very well be a better search algorithm than google's, but you'd spend most of your life trying to convince even a few people that it's better than google.....just because of their dominance. Same way iphones are built on technology that Android phones have had for many years in some cases, yet they outsell the other phones even when the reviews are completely negative.

Branding and brand awareness play a significant role in people's sentiment toward a product. You will hear things like: "Well I just like how easy it is to get a bitcoin wallet and get started" - Even if they are incorrect, it will be nearly impossible to convince someone that a coin they have never heard of is worth moving their finances into. People are confused enough about BTC and BCH.....now add BCG....more confusion, and in confusion, people revert back to the last know good configuration....bitcoin.

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Your reasons make me love Dash even more. Dash is doing everything right (https://www.dashforcenews.com/). All of the intelligent people will eventually get out of BTC. The idiots will certainly get burnt. Miners hate BTC and merchants don't really like it either. Amazon will never accept BTC because even if Amazon wanted to, BTC is technically incapable of Amazon integration. Amazon has 600 TX/s

All you need is to do research.Eventually smart money will flee BTC. Merchant adoption isn't going anywhere for BTC and Eastern Europe, Africa, Japan and south Korea will be more receptive for alt-coins.

I agree. And the world does move and adapt more quickly than it seems like it used to. I KNEW when I was younger that Marijuana would NEVER be legal for recreation in the US during my lifetime. Everyone KNEW it....but he were are. Knowledge spreads so much faster these days, and people are looking for ways to enrich their lives in a non classical model if possible. Also, the marijuana example is regional and a country to country thing, and controlled.....this digital currency thing is going to be a hard bull for the clown to put back in the cage.

Your claim is especially true in crypto-space. A month in stock market is like a day in crypto. Tides will change in a matter of years. I do believe that there is a near 100% possibility of another financial crisis before the End of Trump presidency (poor guy. most of it isn't even his fault).

An even like this will drive many into cryptos. The prices will go up like gold. The increased Tx volume will be very bad for BTC. The forks will be negatively affected by carrying Bitcoin brand and alt-coins will rise.All of this will happen over the course of few months. There will be people who'd still treat BTC as a store of value. But dominance will fall. I mean BTC doesn't sponsor anything. You can't build a business on top of it (like NEM, ETH, FCT,SYS,LBRY, etc)

Above all the reasons for block size limit makes me torn between conspiracy accusations and cringe/apathy towards the small blocks advocates. They make ZERO business sense. One more reason to love Dash. 400MB and beyond.