submitted by /u/alberdioni8406_ [link] [comments] |
source https://www.reddit.com/r/btc/comments/mafkis/bitcoin_cash_a_peertopeer_electronic_cash_system/
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BCH transaction volume matched BTC over the last month and stayed fairly steady, but there were a huge surge in BCH transactions today. BCH: 415k vs BTC: 229k. If this level of volume can sustain, it will be a huge milestone for the network.
https://bitinfocharts.com/comparison/transactions-btc-bch.html#3m
I have a hard time seeing the potential for BCH becoming the standard for a large portion of transactions around the globe. The increased block size certainly alleviated scaling issues but if it is going to replace cash I'm not sure continually raising the block sizes going to be the long term solution. Eventually it is going to prevent normal people from mining and incentivize businesses or governments to engage in their own mining operations while buying up as much of the asset as possible to manipulate the price. This is what happened with gold.
When it comes to regular transactions I see more potential for stablecoins and institutional tokens. Something (Visa Coin, MasterCoin, AMEX Coin, etc.) utilizing blockchain technology for verification, borderless fast transactions, and immutability.
Not trying to be inflammatory, but I just wonder what people here think about these issues.