Jack Jones wrote:Hey bitcoininthevp,
What's your take on the Bitcoin Cash fork? You HODLing your Bitcoin Cash stake, sold it already, or growing it?
I believe BTC has the right scaling path. It will take longer but will be more robust.
BCH is basically increasing the # of transactions linearly by a factor of 8. So instead of 7 transactions per second BCH would support ~56 transactions/second.
For reference Visa processes average of 2000 transactions per second with peaks into 50,000+ per second.
BTC is scaling via a new layer on top of bitcoin called Lightning. It is expected to handle much higher volumes, 1000's or 10,000's per second.
Since I got BCH "for free", it is interesting for the PP crowd in that Im speculating with an asset that I didnt purchase.
Ive converted some BCH to BTC. I watch the exchange rate between the two to see when might be a time to convert more. It is also nice have BCH as a hedge if lightning doesnt come soon or work out. I suppose. I dont see ever buying BCH.