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RE: Bitcoin Is Already Forking (Try Not To Panic)
Thanks for the info @bitcoinflood.
To a new investor, what would you suggest buying? Bitcoin or bitcoin cash?
Thanks for the info @bitcoinflood.
To a new investor, what would you suggest buying? Bitcoin or bitcoin cash?
IMHO generally speaking, folks in the crypto space don't want to see more splits as the quantity of Bitcoin is supposed to be finite. The more splits that take place and move attention away from Bitcoin can stall the growth of Bitcoin. That said, competition is supposed to be healthy however the best position for an entity to have is a monopoloy.
I haven't got a clue honestly. Bitcoin cash seems to have just come out of anger at the possible segwit. The real issue with bitcoin is its greatest asset where it has no central person that controls what direction the coin will go. So instead what you get is splits based on what groups of miners and coders feel should happen to it. I honestly feel this is just one of possibly many that very well might devour bitcoin. Even if bitcoin gets its updates late August we are only looking at 2MB block instead of a 1MB block which would double the transactions that could be fit which would in theory reduce fees in half. But that really does not correct the issue for scaling bitcoin.
The people behind Bitcoin Cash make up the majority of bitcoiners who have been asking for a blocksize increase from the Core devs for over 2 years now.
https://vote.bitcoin.com/arguments/the-bitcoin-abc-client-and-big-block-fork-bitcoincash-is-a-better-roadmap-than-both-segwit-and-segwit2x