I love free markets. The money follows the better project eventually. If and when I feel BTC is failing I will shift to BCH, simple as that. Resteemed
I love free markets. The money follows the better project eventually. If and when I feel BTC is failing I will shift to BCH, simple as that. Resteemed
"The money follows the better project eventually." Not always. Remember Beta vs VHS? Sometimes first to market or other situations dictate the winner. It's like efficient market hypothesis. It's entirely based on the assumption that people trade rationally and make every decision rationally. We know they don't. If they did, Bitcoin Cash would be the new bitcoin.
Bitcoin Cash is the better project and the coin that is the most true form of bitcoin but the network effect will probably keep Bitcoin Core as "Bitcoin".
VHS won because of PORN!!! just like the HD-dvd and Blue-ray ... PORN, not better anything...
Thanks Randy :)
I think the hash power is a good, potentially the best, indicator of which project is THE bitcoin and BCH is still way behind. I don't have quite as much animosity as I did towards BCH, mainly because it's sort of unspectacular compared to it's hype.
THE Hilarski has a point; the "built in hedge" is not a bad thing; and becomes an entity to its own; which is part of the whole and we don't have to look at this as devisive, simply the hedge riding along side the main body.
When/IF the hedge fails ("best project wins") then the overall price adjusts to the main body. And looking at this as a chance to cash out early, ignores the small chance the main body will fail (thus the hedge exists).
I see a lot of math lately that simply combines the 2, into 1.
The reality: BTC has a lot of problems...
People seriously keep forgetting Bitcoin Cash is merely 32 days in existence... If you leave the hatred on the side, the only reasonable conclusion is that BCH is by far the most successful crypto launch in history of crypto... literally consuming 10%+ hash power of the No1 permanently, and this number is poised to rise more and more going forward..
BCH is here to stay, and it will BOOM