Gap between BTC and BCH

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7 months ago

Closing the gap between Bitcoin (BTC) and Bitcoin Cash (BCH) is a complex issue that involves various factors and perspectives. Some approaches that could potentially help bridge the gap include:

1. Adoption and merchant acceptance: Increasing the number of merchants and businesses that accept both BTC and BCH as payment can contribute to closing the gap. This would create more utility and demand for both cryptocurrencies.

2. Education and awareness: Fostering a better understanding of the differences, strengths, and use cases of BTC and BCH could help users make more informed decisions. This includes educating individuals about the advantages and disadvantages of both cryptocurrencies.

3. Collaboration and communication: Encouraging better collaboration and communication between BTC and BCH communities can lead to more constructive dialogue and potentially bridge the gap. Promoting understanding and having open discussions can help address misunderstandings.

4. Development and innovation: BTC and BCH are separate cryptocurrencies with different development teams and visions. Enhancing development efforts on each side can attract more users and investors, potentially narrowing the gap. This includes building and improving features, scalability solutions, and user experiences.

5. Market dynamics and trends: Market conditions, investor sentiment, and wider cryptocurrency trends can influence the gap between BTC and BCH. Keeping an eye on these factors and adapting strategies accordingly may contribute to closing the gap.

It's important to note that the gap between BTC and BCH is influenced by various factors, including technical aspects, community preferences, use cases, and overall market dynamics. While these approaches can potentially help bridge the gap, it ultimately depends on the choices and actions of users, developers, and the wider cryptocurrency ecosystem.

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Comments

I have come to see Bitcoin Core as more of a problem for those who are not hedge fund managers. If you sell 1000 ice-creams for $5 each, but the users had to pay $2 per transaction, you will also have to pay $2000 in fees on bitcoin when you need to move it. Once transferred to a new wallet, the $3000 should be in one denomination, however. So Core should be for transactions where your profit margin by far exceeds fees by orders of magnitude. Suppose you sell a band new car for $25,000, and you make a profit of $1,000 as the salesperson. Then the customer pays a fee, and then you will eventually pay another fee when using or trading out the core or you may have to wait days in order to avoid paying $50. It is probably worse than fiat for the vendor at that point. Except for the fraud protection to the client and the finality for the vendor.

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5 months ago