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Why has BTC outperformed BCH?

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Avatar for realbitcoinclub
Written by   122
1 year ago

Looking back at the past years, BTC has outperformed BCH. Why did that happen?

Maybe users really want a slow moving BTC that actually benefits miners more as it pays them higher fees which in the end makes them prefer to mine for BTC to secure the network more.

The question is, how will Blockstream react once BTC really hits the bottle neck so hard that it even becomes bad as a long term investment and really shuts out users that would otherwise have used it?

I mean the arguments why people are not using bitcoin are not related to the fees at all. Nobody I know really thinks that BTC is an unusable investment as it has higher fees, same is true for Ethereum.

Even as P2P cash it works ok, as a deal which takes a few minutes to settle is not a big issue if you are sitting down at a restaurant, cafe, cinema. Well in the case of shopping & supermarkets yes it already makes a remarkable difference, so that use-case might be especially attractive for BCH users.

BTC is very useless in use cases for product integration where someone needs quick settlements, but in that case many companies play the custodians anyway because that makes the service easier to use and therefore they reach a wider audience.

OK, BCH opens up a completely new window of opportunities for anyone who does not want to engage with the government to ask for permission to play the custodian, nor does anyone want to pay high fees and salaries to lawyers.

I must say, that I was very emotional about BCH filling the gap which was introduced by RBF 2016 and that blocksize limit and I rejected all rational arguments as I felt so betrayed by the censorship/manipulation by Blockstream.

But we really must pull out some killer use cases to make that flippening happen.

Time has proven that the flippening is nothing easy to achieve, even as I believe that we might get there eventually when we hit the critical mass of users.

Maybe the BCH community must build apps that really leverage on the tx cost and speed. Which I think is in paid gaming (the app pays the user for playing financed by ads) & paid social media.

read.cash is a great success story and also memo.cash & member.cash

Also governance like flipstarter.cash seems to leverage the capabilities of BCH especially. But I don't know enough about the technical aspects, maybe that would also be possible for BTC?

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Avatar for realbitcoinclub
Written by   122
1 year ago
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Comments

BTC's future is not so bright. BCH will take place soon. BCH will be future

$ 0.00
1 year ago

BCH will be the future. I think BTC is for the people who have wealth. They don't mind paying higher fees. But for me, who is earning enough just to feed my family, i'll go with BCH. Lower fees and faster transaction. Satoshi Nakamoto vision for cryptocurrency is a p2p payment system, it defeats the purpose if you need to pay higher just to speed up the transactions. Its like daylight robbery!

$ 0.00
1 year ago

Great article! Thanks!

$ 0.00
1 year ago

Thanks for the information and tips!

$ 0.00
1 year ago

What a rubbish article. High fees and slow confirmations IS a problem for merchants.

The reason BTC has performed better has nothing to do with it being useless. BTC has become a speculative asset for large investors. Thats why.

$ 0.00
1 year ago

Would you like to further investigate on your assumption? So if BTC is considered the better speculative asset for large investors, why is that?

$ 0.00
1 year ago

Because of its historic network effect. However, it is evident that BTC usage has stagnated.

$ 0.00
1 year ago

I think the media manipulation also played a big role in the latest pump. They can repeat that whenever they want.

$ 0.00
1 year ago

Well, your comment seems to be very valueable at least, so thanks for raising the frequency here.

$ 0.00
1 year ago

I prefer BTC.....Thanks for tip!

$ 0.00
1 year ago

It's a outstanding article. important also.i really like your all article sir.take my respect and love sir.

$ 0.00
1 year ago

It is such an amazing article indeed. And also very informative also. Can I translate it in Bengali language????

$ 0.00
1 year ago

Yes, you are free to do whatever you want.

$ 0.00
1 year ago

Many thanks to you sir. I translated this article. And also mentioned you. Here's the link of the article....👇👇👇 https://read.cash/@EYERISH687/why-btc-outperformed-bch-ken-bitisi-bisieicke-chadize-geche-c0774c5b

$ 0.00
1 year ago

Thank you very much.

$ 0.00
1 year ago

Great article and read.cash is killer app.Rape read.cash is a very high quality platform for earning but currently the robotic system 😥I am very sorry because there is no point or no up vote. I am happy to be able to work on such a platform even after not receiving any upvote for several days.🙂

$ 0.00
1 year ago