Tuesday, April 24, 2018 2:46:25 PM
Imagine the dominant bitcoin had 32mb blocks with a fleshed out scaling plan including successful testing of GB+ blocks , support by every major crypto business, project, and service, guaranteed sub-cent fees and a more the merrier growth strategy for true global adoption.
Now imagine some upstart devs forked off and reduced block size to 1mb, heavily restricting transactional capacity to create a fluctuating fee market intended to produce long term fees in excess of $100+ driving users to a second layer system of fee taking government regulated financial intermediaries they call “hubs”.
Would this new high fee coin see any traction whatsoever?
It needs to be understood that the current BTC price is the result of incumbency, not merit. Any suggestion that the market could never come to the realisation that the Blockstream/Core redesign of bitcoin was a mistake is pure cult ideology.
BCH is gaining against BTC for very sound fundamental reasons, rational traders need to position themselves to ideally profit or at minimum protect their holdings in the event of a switch.
Remember that they share miners and unlike BCH, BTC lacks any facility to survive a significant loss of hashrate. If BCH continues its strong push toward price parity then the miners will jump ship and the BTC chain will genuinely cease to function, dropping its worth to $0."
from a recent reddit post.
Recent BCHUSD News
- Bitcoin Surges Post Jobs Report, Coinbase Reveals $1.2 Billion 1Q Net Profit, and More Crypto News • IH Market News • 05/03/2024 07:26:30 PM
- Bitcoin Cash (BCH) Backer Roger Ver Arrested and Charged With Evading Nearly $50,000,000 in Taxes • The Daily Hodl • 05/02/2024 04:55:42 PM
- ‘Bitcoin Jesus’ Roger Ver Arrested, Charged With Alleged $50 Million Tax Fraud • ZyCrypto • 05/01/2024 05:22:04 AM
- Bitcoin Cash founder Roger Ver arrested in Spain for tax evasion • Crypto Briefing • 04/30/2024 08:28:36 PM
- Forbes Unveils 20 Crypto ‘Zombies,’ Declares Ripple And XRP Among The Undead • NEWSBTC • 04/27/2024 02:30:29 AM
- Cboe reorganization will merge or eliminate digital arm’s activities • Cointelegraph • 04/26/2024 05:40:00 PM
- Block Innovates Bitcoin Mining, DOJ Proposes 3-Year Prison for Changpeng Zhao, and More Crypto News • IH Market News • 04/24/2024 05:50:55 PM
- Crypto Guru Reveals Top Altcoin Picks And DeFi Risks: What You Need To Know • NEWSBTC • 04/23/2024 01:00:31 AM
- Mt. Gox trustee updates Bitcoin and fiat repayment timetable • Cointelegraph • 04/22/2024 11:37:21 AM
- Aptos Declines Ahead of Token Unlock, Hong Kong Nears Approval of Crypto ETFs, and More Updates • IH Market News • 04/12/2024 06:14:12 PM
- Pullix (PLX) Getting Accumulated by Crypto Whales Ahead of the Bull Run • ZyCrypto • 04/08/2024 02:00:57 PM
- Crypto: Bitcoin Cash Surges Post-Halving, PayPal Launches PYUSD International Transfers and More Updates • IH Market News • 04/04/2024 07:15:41 PM
- Bitcoin Cash completes second-ever halving • Cointelegraph • 04/03/2024 11:02:32 PM
- BTC and ETH Suffer Sharp Decline on Tuesday; Key Crypto Market Events in April, and More News • IH Market News • 04/02/2024 07:02:46 PM
- Investor Alert: Ethereum Q2 Potential Promises Double-Digit Gains – Analyst • NEWSBTC • 04/02/2024 07:49:26 AM
- XRP And XLM Blast: Analyst’s 20X Rally Projection To ‘Melt Faces’ • NEWSBTC • 04/02/2024 05:23:21 AM
- FTX Founder Sam Bankman-Fried Breaks Silence, Announces Appeal For 25-Year Conviction • NEWSBTC • 04/02/2024 03:00:43 AM
- Bitcoin Teeters On The Edge Of Glory: Will It Smash The $70,000 Resistance? • NEWSBTC • 04/02/2024 02:00:28 AM
- Get Ready For A Bitcoin Cash Revolution: Analyst Forecasts Historic Breakout • NEWSBTC • 04/01/2024 05:00:50 PM
- Bitcoin Cash (BCH) Surges by 37% in One Week Ahead of Upcoming Halving Event in Early April • The Daily Hodl • 03/30/2024 12:00:30 AM
- Bitcoin Cash open interest surges past $700M ahead of BCH halving • Cointelegraph • 03/29/2024 06:15:03 AM
- Crypto: SBF Sentenced to 25 Years, DOGE and BCH Surge on Thursday, and More • IH Market News • 03/28/2024 06:14:46 PM
- Dogecoin Soars 17% To Break $0.21 As Volume Explodes • NEWSBTC • 03/28/2024 02:00:39 PM
- Algotech Takes Spotlight with 1200x Potential as BCH Ready to Surge After Listing • ZyCrypto • 03/27/2024 08:23:27 PM
- Litecoin ETF Rumors Fuel 10% Surge As Institutions Hint At Interest • NEWSBTC • 03/27/2024 07:40:17 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM