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RE: Jeff Berwick On The Bitcoin Vs. Bitcoin Cash Debacle
I like both BTC and BCH, I think for now they have different use cases, BTC is currently used as a store of value, whereas BCH is used a digital cash with fast transactions and cheap transaction fees. I don't say it will always stay like this, but for now it is.
Gold is only valuable because it has a use case. A store of value is valuable because it has a primary use. Gold is useful as currency, electronics, jewelry, teeth, etc. So it makes a good store of value. Nothing is a store of value if it doesn't have a primary use. Bitcoin Cash is both a store of value and a useful cryptocurrency. Bitcoin core is losing it's store of value. Because it's not a store of value if it doesn't serve a higher purpose too.