3 ms·
There was a schism in the Bitcoin community in 2017 over this issue, which led to the forking of BCH (Bitcoin Cash) as a separate cryptocurrency: https://www.c
by dmdox 5y ago
There was a schism in the Bitcoin community in 2017 over this issue, which led to the forking of BCH (Bitcoin Cash) as a separate cryptocurrency:
https://www.coinbase.com/price/bitcoin-cash https://www.coinbase.com/price/bitcoin-cash
The main difference being that BCH has lower on-chain fees (half a penny per transaction). And BCH does not have Replace-By-Fee (RBF), making it much more difficult (but not impossible) to reverse transactions maliciously. Adoption of BCH has been disappointing, as cryptocurrency continues to be seen mostly as a speculative investment rather than a replacement for cash.
- errantmind 5y agoNo, BCH was founded by an imposter which affected its adoption and BTC mostly solved the problem with the Lightning Network.
- dmdox 5y agoYou are confusing BCH with BSV, which was started by a guy who claims to be Satoshi. Lightning Network is not Bitcoin. It is a separate payments platform, being pushed by a for-profit company, Blockstream. It is never non-custodial. You always require a third-party to authorize and process your transactions for you. Since it doesn't use mining / blockchain, it is vulnerable to all the centralization problems that Bitcoin was supposed to solve.
- neb_b 5y agoYou are wrong about lightning. You can use a third party custodian, but it's possible to control the keys to your bitcoin locked up in lightning channels. At any point you can "withdraw" your bitcoin back to the main chain. I think you are confusing the lightning network with liquid BTC [0], which is controlled by Blockstream. [0] https://help.blockstream.com/hc/en-us/articles/900001408623-How-does-Liquid-Bitcoin-L-BTC-work- https://help.blockstream.com/hc/en-us/articles/900001408623-...