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The forking also seems to have had some unintended consequences of changing the use of hash power such that the main chain is more vulnerable.
by hndamien 8y ago
The forking also seems to have had some unintended consequences of changing the use of hash power such that the main chain is more vulnerable.
- asdff 8y agoIt also ruined the concept. In its most innocent terms, bitcoin is for sending money to people. What happens when person A has all their wealth tied up in Bitcoin Cash #1 and person B has it all in bitcoin cash #2. What coin does person C who wants to send something to person D use? With every new coin, the argument for switching to bitcoin for transactions weakens.
- pavel_lishin 8y agoI mean, that argument works for any currency. All my wealth is in US Dollars, all my cousin's wealth is in Russian rubles. What does Person C use to send something to Person D? Whatever Person D deems as acceptable.
- hndamien 8y agoHence medium of exchange, not so much store of wealth.