My opinion is that Bitcoin Cash protocol edits should have happened a long time ago. Like the split in Ethereum, both block chains are going to hold a value, when transactions on BTCcash get cleared in minutes without the thousands of unconfirmed transactions we see with the current protocol, people will start to shift, especially the merchants that suffer waiting for purchases to clear. Ultimately though BTCcash though faster than Bitcoin, will still lack the ability of Litecoin and DASH for rapid transactions, and will find it hard to maintain a secure mining network. Why spend the power(electricity) to mine 12.5 coins worth $30 when the same effort could earn you $2500/coin.
Bitcoin Cash is a short of a lifetime if you could actually short it. Do they actually trade those futures in BTCC? Now trading above $380? I mean WOW! What a windfall if you could actually just make a bet that it sees a particular price on the day it actually starts trading. Do you know any way to do that?
My opinion is that Bitcoin Cash protocol edits should have happened a long time ago. Like the split in Ethereum, both block chains are going to hold a value, when transactions on BTCcash get cleared in minutes without the thousands of unconfirmed transactions we see with the current protocol, people will start to shift, especially the merchants that suffer waiting for purchases to clear. Ultimately though BTCcash though faster than Bitcoin, will still lack the ability of Litecoin and DASH for rapid transactions, and will find it hard to maintain a secure mining network. Why spend the power(electricity) to mine 12.5 coins worth $30 when the same effort could earn you $2500/coin.
I would like to hear some thoughts on this also.
Did you see that coinbase said that they will not adopt it and plan to continue only with BTC? I think that is significant.
Bitcoin Cash is a short of a lifetime if you could actually short it. Do they actually trade those futures in BTCC? Now trading above $380? I mean WOW! What a windfall if you could actually just make a bet that it sees a particular price on the day it actually starts trading. Do you know any way to do that?