RE: Hijacking Bitcoin12 Apr 2024 08:11
Is BTC really Peer to Peer Money for the world ?
BTC Small blocks require off-chain solutions that look to eventually be run by Banks with custodial wallets (accounts), those solution fees are not close to zero so are people being corralled into a new system that is actually the same as the old system or potentially worse ?
Bitcoin Cash 1 year chart looks like the 2014 to 2018 Bitcoin chart.
Priced at $610 a coin BCH has the same genesis block as BTC, same 21M total supply, same halvings and the same miners.
Bitcoin went from $600 a coin to $18,000 back in 2018.
Maybe holding a few BCH through the next halving cycles could deliver big returns.
If BCH follows BTC it could go from $600 to $70,000 a coin so maybe it's an 8 year retirement plan
It might not, but there is little risk in holding a few, just in case.
Call it insurance, with the added bonus of it being a fast, peer to peer electronic cash system and almost free to transact on-chain