Saturday, 23 February 2019

Once Bitcoin core truly fails, why would Bitcoin cash take its place?

A lot of people here seem to be under the assumption that there is an either/or relationship between bitcoin core/bitcoin cash. The prophesied flippening is probably the best example of this.

A flippening might happen with hashingpower, because the same asics run bitcoin core and bitcoin cash. But I think more likely we will see a real crypto winter if bitcoin core crashes. Most of the asics will be turned of because the cost of electricity won't motivate the mining and miners will have a hard time getting credits. Remember when bitcoin core goes down it usually brings all alt-coins down with it, so we would probably see a lot of value dissapear, even if bitcoin cores market cap has been decreasing over time.

A lot has happened since satoshis paper was published. Challenges, like scaling, ploitics and privacy, that were not apparent before has been shown and a lot of new innovation has happened in the space. More will come in the future. I believe more mature protocols will have advantages over any fork of bitcoin after a crypto winter. They don't have negative branding that bitcoin will have gotten by then and they are not burdened by technical legacy. CMV!

submitted by /u/kristoffernolgren
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source https://www.reddit.com/r/btc/comments/atuuli/once_bitcoin_core_truly_fails_why_would_bitcoin/

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