"Reverse the situation.
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.
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