Bitcoin cash updated the block size from 1M to 8M, how long this change do you think it takes to change the code? It’s an easy and fast change, but after a few years it won’t work anymore, B-Cash developers will have to increase block size again. B-core developers are looking for a long term solution, let’s give them some time to build a reliable bug free solution.
I would have to disagree about bitcoin. The reason its slow to update is the same reason its golden long term. True decentralization + market reliance is a huge value. We will see the changes needed for btc.
be in both Gold and bitcoin. Actually, the pattern here is the US dollar, and other fiat currencies are devaluing rapidly. So there is an interest to get out of fiat and into other things. Bitcoin is certainly easier than gold since gold you have to store some place. If its the GLD ETF, you have this crazy tax calculation you have to do each year which is a pain. The taxes for bitcoin will be confusing too if you transact with it a lot, so keep really good records. To be an honorable player in cryptocurrencies, be sure to keep really good records and pay your appropriate taxes. Don't give the tax authorities, regulators and politicans a reason to go after crypto.
Another thing to stack would be solar panels. If things go south, WW3, Solar Flare takes out Grid, Earthquake, Hurricane, political unrest, et al, a person who has a warehouse full of solar panels might do ok.
Bitcoin is an old tech ( transaction fees and time are so high ), there are a lot of alternatives. Bitcoin will not survive too long
Bitcoin cash updated the block size from 1M to 8M, how long this change do you think it takes to change the code? It’s an easy and fast change, but after a few years it won’t work anymore, B-Cash developers will have to increase block size again. B-core developers are looking for a long term solution, let’s give them some time to build a reliable bug free solution.
I've more faith in Ethereum and probably Litecoin, they offer better technical improvement comparing to BTC
Nope, it's the golden standard still. Plus LN is coming.
I would have to disagree about bitcoin. The reason its slow to update is the same reason its golden long term. True decentralization + market reliance is a huge value. We will see the changes needed for btc.
Yes indeed many people dont really know the value of golds nowadays.. they get focused on bitcoin.
be in both Gold and bitcoin. Actually, the pattern here is the US dollar, and other fiat currencies are devaluing rapidly. So there is an interest to get out of fiat and into other things. Bitcoin is certainly easier than gold since gold you have to store some place. If its the GLD ETF, you have this crazy tax calculation you have to do each year which is a pain. The taxes for bitcoin will be confusing too if you transact with it a lot, so keep really good records. To be an honorable player in cryptocurrencies, be sure to keep really good records and pay your appropriate taxes. Don't give the tax authorities, regulators and politicans a reason to go after crypto.
It's good to have some fiscal assets when electricity is off.
electricity can always be made. you can even just stick a copper pole and a zinc pole in the ground and make electricity.
Another thing to stack would be solar panels. If things go south, WW3, Solar Flare takes out Grid, Earthquake, Hurricane, political unrest, et al, a person who has a warehouse full of solar panels might do ok.