I was happy to learn today that BTC has transferred $8 billion in value over the last 24 hours, which is close to Mastercard's daily average $11 billion (including most of the Bitcoin Core team's purchases).
What's really sad to see is how poorly the BTC network is functioning under that volume. Thousands of unconfirmed transactions all day, and higher and higher fees as the congestion worsened (a pattern we've all seen so many times that it's barely worth mentioning). The average BTC transaction amounts are much higher than the Mastercard transactions. It must be obvious why, because BTC Core simply cannot accomodate more than a few transactions per second due to the unnecessary 1MB blocksize cap.
Friends, this is where BCH comes in. The fees are a fraction of BTC Core, the transaction capability is 10x that of BTC, the hashrate is even catching up to BTC's, and now the network is proven to be hardened against massive attacks by idiot impostors and/or state actors.
I see a lot of growth potential for BCH over the next year or 2.
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source https://www.reddit.com/r/btc/comments/9zajut/btc_apparently_is_approaching_mastercards_daily/
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