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The way understand it, the group of people that took over BTC when Satoshi left (supposedly bankers) influenced the stalling of packet size scaling. Transaction packets were suppose to scale up in proportion to the size of the user base but this was stalled. This slowed BTC transactions down greatly. This group instead created the lightning network to solve the transaction rate issue. The lightning network may solve the problem but increases transaction costs as well. And will continue increasing them. Apparently these costs lessen the motivation of miners.
BTC Cash (BCH?) is a redesigned BTC that includes the upscale packet size and is supposedly far superior to BTC with regard to transaction rate.
It seems BTC is now better for wealth storage as where BCH is better as currency for transactions.
tl/dr bankers’ altering motives killed BTC as a currency and now BCH is better as currency.
Edit: FYI, I wrote to G-Money from Badlands about this asking for his thoughts on this since he is a HUGE BTC guy but instead of converse with me he cursed me up and down and told me not to come back.
BTC was the only version in the beginning, but this split after the bankers took over the codebase via a company called BlockStream (get it? Block the Stream of transactions), added replace by fee (destroying trust in the payments on the merchant side) added something called segregated witness to manipulate the storage use per transaction and capped the amount of transactions possible to ~7 per second effectively making BTC useless as "Peer to peer electronic cash system" as described in the Bitcoin Whitepaper.
So then when BTC commies broke their agreement (like all commies do) the codebase was split/forked into Bitcoin Core (BTC) and Bitcoin Cash (BCH) right before the segregated withess code crippled the code with overcomplexity even more.
So BCH is closer to the original Bitcoin and follows the incentive structure for ideal money as noted in the whitepaper.
But since barely anybody cares about principles compared to profits, everyone started to hype BTC as a "Store of Value" and the narrative have been going ever since, especially now with corrupt Wall Street pumping their now neutered financial replacement of the dollar that they control.
That's what they all do because they sold out Liberty for a lambo-hype. Corrupt as fuck.
SPEZ: Obligatory link to the main commie fucktard that killed the expansion of peer to peer electronic cash. He looks exactly like you would expect.. Nickname is One-meg Gregg:
https://www.weusecoins.com/images/gregory-maxwell.png
"...broke their agreement (like all commies do)" So, they're no different than US as far as foreign relations go, at least.
It's the same picture.
The same people behind the scenes.
Edit: I just hope that Trump don't fall for it, but they seem heavy invested into the BTC pump now.
I have this theory that the 1MB limit is actually a poison pill that will eventually destroy BTC once the block reward is not enough to sustain miners and fees are so high no one can afford to transact. If its not worth it to mine and hashrate drops significantly, it could cause a crisis like in 2017 where no blocks get mined for a long time and confidence drops, but this time much bigger and now institutional money is the only thing propping it up. If the crash happens at the right moment it could bring down all of the institutions that are deeply invested.
I suspect BlockStream would try to solve this crisis by forking BTC to a proof of stake model like they did with ETH and cut out miners completely, but if they did that the miners would just switch to mine BCH and BTC maxis would have to grapple with that.
Thank you for adding insight.
My pleasure. I have been in this community since the Donald days on Reddit and in the Bitcoin community since 2013 so have learned a lot in both areas, so if you have any questions, feel free to ask.
I had no idea about how strong the financial powers would be towards Bitcoin in terms of all the fraud perpetuated against Bitcoin Cash community to preserve their own narrative though. Principles over Profit I stuck with what actually worked as Bitcoin when they crippled BTC. Little did I know then of their massive coordinated subversion. Club of Marx/Satan is widespread and have a firm grip on more things that I expected when first entering into the space.
Like with Trump, we will win in the end though.
Peer to peer electronic cash will prevail.
Michael Sailor and Max Keiser are the Eye patch McCains of Crypto
Thanks for your input on BCH. I always thought it was superior & it already looks like it's days of losing value against BTC are in the past. I am betting on it rallying hard against BTC in the next year & possibly replacing it. If & when Trump pardon's Ver I would bet it get's even better traction.
Thanks for those comments, There is always so much more to learn about crypto. I just accumulate BTC right now.
I recommend you read the Bitcoin Whitepaper and Rogers book Hijacking Bitcoin and you will find what happened and why BCH is the only long term technical solution for peer to peer electronic cash
Satoshi is a fictional character. This idea that crypto leads to financial freedom is a trap, just like how the internet used to be free before they clamped down and weaponized it.
Have the internet not increased the global level of liberty? Truth shall set you free and where are we today?
Trump would NEVER have won without the internet.
True or not it has no relevance to this conversation. You’re most likely right but I don’t really care either way.