Friday, 24 July 2020

Bitcoin Cash vs Ethereum

Bitcoin Cash and Ethereum are both cryptocurrencies that seek to win mainstream adoption based on capturing various usecases.

Although Ethereum is currently the industry standard in decentralized applications, that could change for the worst.

Eth 2.0 looks like its going to be an extremely risky operation. One-way peg with bad liquidity, uprooting an entire decentralized community and forcing them into a new foriegn environment, and the difficulty bomb on ETH 1.0 which could cause users' funds to be trapped later down the road if they dont switch to the ETH 2.0 chain.

In my opinion, the risks associated with ETH 2.0 outweigh the risk associated with BCH possibly having a contentious chain split due to infighting. But time will tell.

I am on this subject because Avalanche mainnet isnt released yet, so i have to be hedged with something until then. Also even after this, i plan to dollar cost average and recommend others do the same.

BCH does have a couple cool things going for it which should be aknowledged. The Stamp private messenger, cashfusion, local.bitcoin.com, and a few others.

Ive been too hard on BCH in the past, i do think it has good usecases and utility captured that give it some legitimacy as a money product.

submitted by /u/Jstodd_
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source https://www.reddit.com/r/btc/comments/hwruuh/bitcoin_cash_vs_ethereum/

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