@rogerkver, Store of value is a pre-requisite to allow for transfer of value ("cash").
If you want to have your store of value coin go ahead I'm not gonna stop you but that's not interesting to me.
link to time https://youtu.be/i2-RXTqWDek?t=1627
According to Roger Ver :
P2P electronic store of value = Bad
vs
P2P electronic cash system = Good.
But cash = value
Roger doesn't care, he's just pumping his latest con. He even said "I would switch < coins > in a minute and do something else."
He's a bored millionaire trying to fleece people as a game, and he's gotten a few hooray henries -- you see them chanting during the "debate". He's no better than George Soros, meddling just because he can. Any claims that Ver has about helping anyone is just virtue-signaling bullshit.
He's a egoist, self-centered con-man, grifter and idle rich kid with aspirations towards power.
Basically the worst components of corrupt politicians, wealthy brats and psycho executives.
No wonder BCash is floundering like it is, every single thing that tumbles out of Roger's mouth is a inept lie designed to paper over his flawed project.
Too funny.
Yes, that's correct. Utility in economic transactions "cash" is what drives the value over time. This why we nearly saw Ethereum flip the value on Bitcoin last summer. Heavy use = heavy demand.
Over time the most useful Cryptos will become the most valuable. Just the dollar was used to buy oil, goods and services. The larger the economics of scale the more value that is accrued. Good money drives out the bad. Unless Bitcoin makes significant upgrades better currencies will drive away slow expensive ones.
Even if lightening network was working 100% today, which is not. What happens if millions of people decide to all close their channels at one time? Segwit only has 40% adoption rate after one year and blocks are still at 1MB with only tps second. That's not going work.
@hedge-x Today we have Bitcoin debit cards. Hell, we even have debit cards for altcoins and icos that lead into a debit card. With this in play do you think we will see a mass adoption in our lifetime?
I know CC companies have blocked many the cards from working on the Visa network. My Shift card still works since I got in 2015. Is there any other Crypto debt cards I can use in US? I want one to spend Altcoins with.
Shift supports any coin that has coinbase support. We have one and it can be used with BTC, BCH, ETH, LTC and now ETC.
Yes, Bitpay (VISA) but they are like a bunch of 5th graders running a company. No altcoins ones that I know of in the US yet.
Do you know if Bitcoin Cash works on their debit card? I know they added BCH support for the payment processing. Yeah, it's a shame we all have to suffer like this. It really slows the Crypto adoption down for everyone. For a Crypto company that's been around so long they are incredibly slow to add.
I believe it does but I've yet to try it. I remember seeing a memo on my app about BCH being accepted.
*3 tps
That's not the point. The point is that you can't store value well if you risk fees skyrocketing or you suddenly must use a much more advanced system to use what's in your wallet.
You don't "store" value unless you retain your money as it was. What do you retain it for? Later use.
Btc fees have been around 5c to transact any amount for 9+ months.
How many wire transfers have you done this month?
Are wire transfers completely useless because they cost 50$?
If you take some steps back you'll realize there is more money in need for a solid store of value than looking for cheap credit card like payments
Do you mind losing 93% of your value (BCH:BTC) to be able to transact cheaper on a network who's main proponent admit transaction fees are barely an afterthought?
Why would anyone invest in a currency that doesn't have a plan for upkeeping security when the block reward phases out?
Be patient, don't fuck up humanity's opportunity to free itself from TPTB. Actual scaling technologies are tested and almost ready for mass adoption.
BCH had lost a year ago. Do you think it makes sense to expect people wait 10 more years to see if their currency will still be worth something? It's irresponsible and reckless.
BTC fees are better than they've been in a long time and still not competitive on their own. BTC is popular for other reasons, primarily network effect and the most PoW.
I've made zero wire transfers. Useless? Of course not, but not comparable to cash transfer. Hardly peer to peer etc.
I don't know who you're talking about, but it shouldn't matter. 93% is not a stable value, but then again when did we see stability in Bitcoin before that. This isn't my first time the merry go round. That's not to say it couldn't crash way down from here. You simply can't know these things.
No idea what you're talking about here... The market can set the fees at any level necessary. If higher fees are actually necessary the nodes will adjust, but they will always trend towards zero since supply is not artificially capped. That's all.
Be patient? I'm probably one of the more patient people you'll ever meet. If we meet in real time at some point. I thought there was no time pressure? Then how can we "fuck it up" by preferring something different in the market place?
Great. Will be interesting to see them. Not that it was ever impossible to scale or that I approve of the SegWit route and a bunch of other stuff. But I've been very supportive of more SegWit and adoption of various innovations. As long as I don't have to use them.
#Reckless? No one has to wait for anyone. Build and use whatever you want. This isn't a democracy. This is free markets.