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by chmpgne 3122 days ago
Bitcoin itself is being harmed by the core developers who refuse to do anything to address the insane fees: bitcoin needs more bandwidth and throughput in its blocks, classic supply and demand.

Bitcoin cash or something like etherium are worth a look at. Bitcoin cash, as the name implies, holds the value that bitcoin should be able to be used as electronic cash.

2 comments

All you bcash advocates should go learn a thing about the infeasibility of solving a (hyper)exponential scaling problem with linear "solutions" (aka block size increase). Alternatively, leave these matters to the engineers.
No one is interested in the centralized bcash. It is a crypto in name only.
Bitcoin is Bitcoin Cash. We immediately restored the ability for Bitcoin to be adopted with low fees and fast confirmations by using 8 MB blocks.

The median income for the world is $6/day. High fees are unaffordable and unadoptable. The Core team has done Bitcoin an enormous disservice; like setting autopilot into the terrain.

You call your alt whatever you like. I'll call it bcash so that it removes confusion from peoples minds that it isn't bitcoin. The only thing that alt has is a name they've stolen from bitcoin. So bcash it is.

No one cares about the fees. If they did, they'd use litecoin. Blocks 4x the speed of bcash and bitcoin, and they have segwit too, so double the capacity of bcash.

8MB blocks don't solve the longterm scalability problem. I agree that high fees are unacceptable, but I'd rather wait for a solution that allows order a transaction increase of several orders of magnitude rather than scaling it linearly (and therefore reducing the number of people that can actually use it).
Bcash was just an attempt to prevent Segwit and keep fees high under the guise of doing the opposite.