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This is why Bitcoin Cash (BCH) is gaining momentum with merchants. Transactions are verified quickly with the typical fee of half a penny.
by MrBlue 9y ago
This is why Bitcoin Cash (BCH) is gaining momentum with merchants. Transactions are verified quickly with the typical fee of half a penny.
- nkkollaw 9y agoLooks like Bitcoin is more like gold that you stash, and Bitcoin Cash more like money that you buy things with.
- acchow 9y agoStill, at ~26 transactions/sec it's a far cry from something like Visa. Maybe we can do much better international trade with it tho.
- Fnoord 9y agoI wager mankind can do more than 26 gold transactions/sec.
- ineedasername 9y agoThat comparison to gold is only apt when the price of BTC is relativy stable. There is no relevant comparison to gold as an asset class when bitcoin is so volatile. In order to be a valid gold alternative it needs to have a stable, predictable value. Nobody that wants gold in their portfolio is going to want to replace it with an unpredictable and volatile asset. There's no need for rhetoric comparing BTC to gold. It's not gold, it isn't like gold, and we dont need another form of gold. Let Bitcoin be its own thing.
- Fnoord 9y agoExcept in wartime during a huge recession, gold is still worth something because there's demand for it and it can be traded for fiat currency. Gold has that world-wide, century long track record, and history proves it does. Bitcoin has yet to survive recessions and wars. Thus far, it isn't even stable during boom. As long as cryptocoins aren't accepted as much as fiat currency (and they're not even _remotely_ near 1:1), they'll be in lower demand during less glorious times. Practically nobody (less than now) will accept cryptocoins then because you can't use them to buy anything worthwhile. A man's gotta eat, and keep the chin above the tide.
- VMG 9y agoBcash is at high risk of a 51% attack unless they change their proof-of-work algorithm https://notehub.org/z6ztu https://notehub.org/z6ztu Litecoin is equally cheap, has fast block times and no such risk. Neither will scale sufficiently without off-chain transactions.
- brucephillips 9y ago> This is why Bitcoin Cash (BCH) is gaining momentum with merchants. source?
- brndnmtthws 9y agoAre you part of the Roger Ver sockpuppet team? I see from your comment history that you might be.
- MrBlue 9y agoAre you part of the Blockstream/Core sockpuppet team? I see from your comment history that you definitely are.
- dang 9y agoPersonal incivility isn't allowed here, even if someone else broke the site guidelines. If you see an egregious comment, please flag it or email us at hn@ycombinator.com. Don't make the thread worse by stooping to the same level. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- dang 9y agoWe ban accounts for breaking the site guidelines like this, so please read https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html and don't post like this again.
- vm 9y agoCould you elaborate on which merchants use BCH? Would love to see any data you've come across or even anecdotes
- deleted 9y ago[deleted]
- webninja 9y agoI'd rather see merchants use Ripple until this whole BCash/Bitcoin war is settled and scalability is solved since it's faster. But yeah BCash transactions were less than 8 cents when I tried it.