Friday, 11 June 2021

Are benefits of BCH temporary?

First of all, im new here. Hi! I love Bitcoin and lightning, but not here to discuss those. I'm curious and wanted to get an insider perspective and maybe learn something.

So here's my main question: Are all the benefits of Bcash over bitcoin just temporary? Having low fees, being fast and without congestion is all just a result of the blocks not being full. Don't get me wrong, underfull blocks are good, i love it when it happenes on btc every now and then, but never having full blocks just means noone is using the network. Last 24h bitcoin had ~ 2.98 tps and bch had ~0.95 tps (according to blockchair), of course there will be next to no fees. Bitcoin would have the same low fees if it had that few transactions.

Let's imagine bch is massively adopted and people use it like crazy, now suddenly the main selling point of fast and cheap is gone, once the blocks fill up, and people have to bid with fees for space in blocks.

Is the plan to just keep increasing the block size whenever the network gets congested? I'm geniuenly curious. To me that feels like an endless game of whack-a-mole, like treating the syptom instead of the cause, but maybe i'm missing something. Would love to hear what you have to say.

submitted by /u/schulze1
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source https://www.reddit.com/r/btc/comments/nwy43a/are_benefits_of_bch_temporary/

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