BTC fought the payment narratives and lost. Optics wise, BCH is also BTC to many. BCH should reevaluate it's use case. Time is of the essence
Obviously, the BCH team has been trying to avoid falling into the BTC dilemma, i.e., holding the coin, but the BCH team should not underestimate what the market realities are telling them. The world payment system powered by relational databases will do just fine without the extra layer of complexities that crypto brings and ridiculous costs. Therefore, crypto must have a fundamentally intrinsic use case where fiat could not compete. If the focus is a store of value in anticipation of an increase in value and deflationary like Bitcoin, that should be promoted and not payments. Payments are highly localized and regulated.
BTC fought the payment narratives and lost. BCH should reevaluate this. I'm a supporter of BCH. I had 95% of my holding in BCH at some point and have suggested many initiatives that were brushed aside by the team. Lately, though, I noticed that the coin might be swimming against the tide of the ever-evolving crypto dynamics.
The success of any project is a reflection of the people behind it. Learn from Criticism, don't be defensive all the time.
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source https://www.reddit.com/r/btc/comments/pcw1rw/btc_fought_the_payment_narratives_and_lost_optics/
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