Bitcoin vs Bitcoin Cash Vs "Anything else" without chaos....steemCreated with Sketch.

in bitcoin •  7 years ago 

Even though I believe in Bitcoin and what it is suppose to be and what it has yet to become, there is too much confusion and craziness for new and experienced Crypto enthusiasts.

Bitcoin....Taking is really slow and steady and playing it safe. Eventually, once some of these other coins are battle tested with their newer technology, Bitcoin can just upgrade and choose the best one. Those other coins have a small or no network and therefore not really much risk if the technology fails. Of course there is a little more to this but I am keeping it simple for today.

Bitcoin Cash....what can I say....I totally understand why people believe in Bitcoin Cash. It is most similar to the original ideology, It seems to be faster and more advanced at this moment in time. It might be irrelevant though, depending on how you look at it.

Having such extremes opinions on both sides and having this civil war may or may not be good for the whole ecosystem. Bitcoin Cash does seem to be more useful at this moment but that also can change very quickly if it happens to overtake BTC. It will slow down as the marketcap grows just like BTC and at the rate of it's transactions per second, at this point it won't be faster by enough to make a significant difference if the user growth continues.

What do people want to use these coins for and what are their expectations? Do people plan to use them as currency, store of value, pure speculation or all of the above? Does everyone understand that people in the media are comparing them negatively to Visa and Mastercards capabilities, yet the tech is in it's infancy and not ready for comparison yet. That always gets left out. Not, to mention all the people talking about and writing about these coins and being completely wrong about what they are saying, yet they come off confident in what they are saying. The noobs hear what they say and take it as truths. It's very frustrating at times but that is the way of the world at this point. It's now part of the digital world. Hopefully we can make that change in the future with some cool tech.

BTC and B-cash.... Maybe there is room for both, but I think only until the technology reaches a certain point. Then there is no point in both. Maybe.....9-14 months from now. With the way the mining is set up between the two, this is going to cause a rollercoaster ride for 2018. I think they will both rise because of all the new licenses for exchanges and infrastructure going into place over the next few months by "big money" groups. People of a certain stature on this scale don't invest this much if they think it's going to end tomorrow. Wherever there is major money making opportunity there will be greed to keep it going. It's just getting started.

With the two Bitcoins clashing in 2018 it makes me think I might want to stop looking at the Bitcoin network for awhile and focus more on better tech, better leadership and more stable crypto investments and where there is no civil war going on. Those guys really are messing up. It's suppose to be about goodness, honesty, backing the underdog and support for everyone trying to better humanity. Looks like greed is taking over the Bitcoin scene for now at least.

Anyway...Do your own research, most everything is fake, never take any one idea at it's word and know that cryptos will be moving forward for the next couple years at least. I don't think the "other tech" which I won't name now , that is everything blockchain is suppose to be and more(this one already is and then some "right now")....won't interrupt the crypto exchanges for sometime. It's patented and I think it's being saved for when they decide to crash the cryptos in a couple years. Once the powers that be get enough money out of the system and become bored. Hopefully we can advance enough before then to make that impossible for them. Take care and thanks for reading my rant.

-Don't waste your life.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Congratulations @wiseowl1! You have received a personal award!

1 Year on Steemit
_Click on the badge to view your Board of Honor.

Do you like SteemitBoard's project? Vote for its witness and get one more award!

Congratulations @wiseowl1! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You got your First payout

Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last post from @steemitboard:

SteemitBoard Ranking update - Resteem and Resteemed added

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @wiseowl1! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!