An excellent post my friend. I did not know you were a programmer....now it makes a lot more sense.
I agree with you completely. I own no bch (I know going against your strategy) yet do have BTC. Throughout all these forks, and rumored forks, BTC has continued to move upward. There is no reason to think that this will not be the de facto cryptocurrency for years to come.
I am with you on the BTC taking a bunch of money from gold. It already has the title of digital gold, so why would that change. Is another coin suddenly going to be more attractive as a store of wealth? Plus, with Wall Street entering the market, there are not too many coins that give the liquidity that they require...BTC does.
It is interesting to see you cite sidechains as the solution because that is my conclusion also. There will be a multitude of side chains which will allowing the scaling up of existing platforms. That said, I dont think that BTC needs to become Visa....there will be plenty of coins to pay for a cup of coffee....however, buying a car or house or 1000 shares of Apple, people will turn to BTC.
Hi Taksmaster,
Yes, I'm a programmer but not really a crypto developer. I've always worked for local government and semi private enterprises, you know the boring stuff, Microsoft and Oracle databases mostly... Part of the reason I invest is because I want to study and specialize on blockchain and be able to quit working for someone else forever, the ultimate freedom!
I'm glad to hear we have so many points of view in common but also you follow your own thing based on your own research, this way you'll always be happy with your decisions. best regards, thanks for commenting!
I just wrote a post based upon this one...you bring up some points that I had to relate. I linked your article in mine. I think your conclusion technologically makes sense while adding the Wall Street dynamic to the equation....I think it pretty well sums it all up.
https://steemit.com/bitcoin/@taskmaster4450/for-the-952nd-time-bitcoin-is-dead
Good morning Taskmaster4450, thank you very much for mentioning and quoting me on your post! Reestemed and upvoted. regards
You are very welcome. I quoted you because you provided me invaluable information and really explained from a technical perspective why BCH is destined to fail (why all ideas of block sizes being enlarged are destined to fail).
Having someone who understands the computer/tech details really helps. My view was Wall Street was all over BTC, not BCH...but you added the insight in that it doesnt matter, BCH solves nothing.