3 ms·
> Cheap to transfer - Compared to wire transfers, transferring bitcoin is cheap. You must be thinking of Bitcoin Cash. Only BCH follows the original design and
by UShouldBWorking 6y ago
> Cheap to transfer - Compared to wire transfers, transferring bitcoin is cheap.
You must be thinking of Bitcoin Cash. Only BCH follows the original design and intention of the Bitcoin White Paper to be Peer-to-Peer digital cash, the BTC chain was co-opted years ago by Blockstream and has been perverted into some wildly expensive settlement layer for their own 2nd layer products.
- trixie_ 6y agoNo, I'm thinking of Bitcoin. The BCH fork is interesting, but not as universally accepted or tradable as BTC is. There are already alt coins with higher transaction rates than BTC and BCH so the fork wasn't really necessary.
- UShouldBWorking 6y agoI disagree. BCH needed to fork before SegWit activated to stop Blockstream from co-opting Bitcoin into a settlement layer for their second layer products. Thank God we still have an untainted Bitcoin.
- dang 6y agoCould you please stop creating accounts for every few comments you post? We ban accounts that do that. This is in the site guidelines: https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html. You needn't use your real name, of course, but for HN to be a community, users need some identity for other users to relate to. Otherwise we may as well have no usernames and no community, and that would be a different kind of forum. https://hn.algolia.com/?sort=byDate&dateRange=all&type=comment&storyText=false&prefix&page=0&query=community%20identity%20by:dang https://hn.algolia.com/?sort=byDate&dateRange=all&type=comme...