I'm very interested in hearing your opinions on Bitcoin Cash vs Bitcoin and do you think BCC will ever take over from BTC?
I personally find that the the scaling of block cache sizing from BCC to be a good idea.
(
)Will BCC take over BTC Opinions Please
)
Bitcoin Cash is really just Bitcoin as its always been. The Bitcoin name has been hijacked and is really Segwit-Coin now - and nothing like the original Bitcoin.
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100% Agree with you bro, BCC is the real BTC in my and your opinion. I've also been advised by a very wealthy investor of crypto to hold at least half my portfolio in BCC
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Never
@rogerblu
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There's an old saying... never, say never! Do you find BTC transactions are becoming slow and costly?
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I would have to say no. For a broad number of reasons that is to hard to explain in such a short space. But that doesn't mean it wont make you money, and alot of it. I think you will find a back and forth battle of growth between the two, but as value gets to high in BCC it will begin to struggle more and more and eventually begin to fade. But theres still nice gains for a quick buck for it to make. I personally have a position set on it right now.
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SegWit tech is great, adds super fast payments and also side chains which open a whole lot of even cooler features like better anonymity and smart contracts.
That being said, "core" developing team has been pushing it too much, but how is that bad if the tech is so good? you may ask. Well instead of letting the block size increase just a little (more than 1MB), like bitcoin did many times before, they decided bitcoin needed a whole lot of new stuff, bitcoin needed SegWit even if that meant clogging the blockchain for TWO YEARS! why? well, as they say it, the block size is too high! if we keep this pace, nobody will be able to run a full node! If only data centers run nodes, bitcoin becomes centralized!
Sure, definitely something to think about, but this argument complete ignores that :
Storage cost has been decreasing over time
other coins like Ethereum and Monero consume a LOT more storage and don't think it's a problem (for comparison, BTC blockchain is 130 GB for ~9 Years and XMR blockchain is 35GB for ~2 years).
1 year ago, half of the world had enough bandwidth to handle 25MB blocks
Finally, the most important one: SegWit doesn't actually decrease the block size
Don't get me wrong, SegWit is great, but it seems like they are pushing it too much, like if they could personally gain something out of it. If they had expanded the block size two years ago, We'd probably have a single chain with something like 8MB max block size AND SegWit.
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Sorry for being a little dumb here but doesn't it just mean that the current Asics will need higher caches on them?
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