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RE: I think the btc fee plan might backfire and BCC will be king in 2018.

in #bitcoin7 years ago

Increasing block size is not a sustainable solution. Every time more users join the network, [Bitcoin Cash] will have to increase the block size even more. This leads to centralization of the network...

I find this reason odd. We still see a storage and computing power increase each year. Saying that increasing the block size will centralize Bitcoin Cash is a bit disingenuous when we can now put 256 GB of storage space on a micro SD card and a 4 TB HDD is only $100 USD on Amazon.

I agree that some people will leave the network due to their storage space issues but many people would also use the increased value of their Bitcoin Cash to buy more storage space to continue as a node.

not what we wanted when we entered the world of crypto.

After reading the white paper and understanding cryptography behind Bitcoin back in 2015 I jumped on board. I did so because I saw the technology removing fiat money and killing fractional reserve lending. The way Bitcoin Core has progressed in the past year it looks more like Bitcoin is becoming a tool for the central banks.

That is not what I signed up for when I entered the world of cryptocurrency.

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