If you haven't heard, there is currently a war going on between Bitcoin Core and Bitcoin Cash, the one true king of coin.
Last night on heavy trading, BCH reached .49 to BCT before sharply selling off due to the largest exchange in Korea going offline.
Currently, there are certain Whales (Roger Vers and Bitmain in particular) that are leading the push from BTC into BCH. Roger transferred 25,000 bitcoins to Bitfinix last night and finally 14 hours later the TX is confirmed.
Sell has already starting, BCH is chewing away towards .26 as we speak.
We could see .50 or even .70 on tonight's push. Get on the train.
BTC holders - sorry but this ends in tears for you. Its not too late to GTFO out and get right with God. :) Or something.
Adoption in a network kind topology (like human society) requires exponential scalability, which SegWit & Lightning enable. BCH can only scale linear with the block size and soon enough its Blockchain gets massively big.
All people who are not tech savy and only see the short term will jump on the hype train. We're talking about the future of money transfer, and scale is not possible with BCH.
I would suggest diversification for all the people who don't understand the tech ... for all others ... well you know what to buy ;)
tchat
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@arthur_zulu, At this point, I'd just be satisfied if people discontinued applying the language of religious crusades to blockchain technology.
dltqg
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@tchat, And others making money. I don't like BCH but I'm trading it and take profits.
@arthur_zulu, Very true, this is the fundamental mis-understanding which is allowing Roger Ver, Craig Wright and Bitmain to take people for a ride with BCH.
SegWit is hardly even being used yet, and at the time when a block increase is actually required (Perhaps 2MB?), it can happen to scale to the level which could actually allow tens of thousands of transactions per second using private side chains. Wow 8x Scaling with BCH? So BCH went from a maximum of 7 transactions per second to 56 transactions per second. Once devs get ahold of SegWit protocol, we will be able to see tens of thousands, theoretically millions of transactions per second, that is the point of SegWit. Ethereum is also working on similar scaling issues with a variety of approaches. The real engineers who are building the future of currency are focused on the real scaling issues, not just changing static variables which put the power back into the hands of centralized organizations.
BCH will just hit a ceiling again at 8MB (56 cups of coffee per second), and at that point the block-chain will be in the tens of terabytes size, who will even be able to run a node? I don't want to have every person's record of purchasing a cup of coffee on my hard drive, that's the whole point of a sidechain is distributed de-centralized consensus on private side chains, so your freaking Starbucks card can be a SegWit sidechain.
In the meantime, if you want fast low cost transactions, there are plenty of amazing community block-chain projects out there which can serve the purposes. BCH is a masterpiece in nothing other than market manipulation.
Doc-al-Citadel
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@ansonphong, and it took u so much time to write this!!!
All people who are not tech savy and only see the short term will jump on the hype train. We're talking about the future of money transfer, and scale is not possible with BCH.
I would suggest diversification for all the people who don't understand the tech ... for all others ... well you know what to buy ;)