So I wanted a healthy discussion on the upcoming stress test, the arguments for and against. Please comment below and share your thoughts, if you agree or disagree
I think overall it will be interesting to see what happens either way.
Firstly: If I am PAYING a FEE to use a Network to conduct a transaction (which is the objective and entire existence of the network). It is NOT spam. What's the point of anyone using the network then on a glass level, if we truly want a currency?
Arguments For
Comparablity
BCH target is aroung 5 milliom transactions on a day.
But what does this actually prove? - It can handle 5m on-chain tx, so what?
It HAS to be compared and benchmarked against BTC to make the results meaningful and directly comparable.
Fees:
Given how back in December 2017 BTC fees rose to betwen $10-$50, when transactions hit 450k.
If the target for BTC is 2.5m tx Given my limited technical knowledge, - will BTC be able to handle that No/maybe/yes?
It seems unlikely, and fees, I believe are 'likely' to rise.
Awareness:
Overall this will ultimately PROVE and confirm, how since December 2017 BTC is nowhere near close to BCH and that fees are STILL a big issue, after 10 months. Then people can realise, how there haven't been any significant improvements on and BTC has its limitations.
Agreements against:
It will require significant investment
It will require additional time and effort
Risk of BCH not meeting 5m tx, if focus is directed away.
I strongly think the benefits outweigh the risks and long term it will help BCH grow and bring more awareness
Disclaimer: I actually am active in and hold Nano, but have a interest and hope BCH does well and proves a point.
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source https://www.reddit.com/r/btc/comments/98dc6w/discuss_the_1st_september_stress_test_for_bch/