submitted by /u/WalterRothbard [link] [comments] |
source https://www.reddit.com/r/btc/comments/9e469g/i_believe_bch_and_btc_are_both_bitcoin_and_that/
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People think that yet another fork will cause the market to collapse.
This is absolutely not true; this is akin to saying that early in the days when oil was discovered, if some oil companies followed a certain oil formula and others followed a different one, then oil will never be stable enough to be used as an international source of energy.
Of course, markets and the years of research eventually converged on what we all pump into our cars and lighters today.
Bitcoin today is in the stage where farmers were still walking into oil fields in Texas.
Every fork and every attempt and every attack will result in the convergence of a stronger Bitcoin. One Bitcoin. One Bitcoin which will be absolutely and readily adopted to be used as Cash.
Even if we end with twenty forks down the road; this strengthens the fact that NO ONE can claim hold to Bitcoin; we already left BTC in the dust and the fact that there is no contention today to fork BTC but there exists one to fork BCH proves that BCH is the most natural and original and Cash-like Bitcoin fork today.
And this will keep happening as we get closer and closer to Cash.
And only after those years of forks and research that we will arrive at what is undoubtedly an absolute correct path forward.
Today the cost of this research and forking is a taxation on the ecosystem, from exchanges to wallets to merchants to users, to re-write code bases and make informed decisions on where to head to next.
How many years of research and billions of R&D did companies like BP and Shell and Exxon and Total and others spent before we finally had OPEC helping orchestrate things?
Sit tight and enjoy the show; I for one still of the vision that Bitcoin Unlimited’s path forward is the BEST, most rational and least contentious.
But if there will be forks, then they’re welcome, it will be years before markets decide on what Bitcoin really is and where it will really head.
If you own coins, keep them, use them, flip them, have fun and enjoy the show.
You’re with a farmer walking into an oil field; don’t let the stickiness of the oil and having to change your shoes bother you, you’re about to experience a revolution.
Welcome to Bitcoin motherfuckers.
For those of you who tuned in yesterday, I made a post intending to make a mathematically neutral comparison between Lightning Network fees and Bitcoin Cash fees as they currently stand.
Luke Jr. responded and I wanted to give his post the time and consideration I felt it deserved. Unfortunately that means the original post is just old enough now that it won't be widely seen unless I post an update link pointing it out.
I wanted to link the update for all interested parties and sincerely hope that Luke will shed some further light on the situation.
I think there's enough new information there to warrant a top level post, but mods, please feel free to remove if you feel this update is out of line.
Cheers!
I don't recall seeing it at 0.077.
Critics will say this is a sign of failure, but I see it as positive.
Not so that people may stock up on the coin of the future, but because the World can buy in and use it as cash as intended.
SV - Satoshi's Vision is becoming more real and global as the price drops.