Jorge Stolfi explains Bitcoin versus Bitcoin Cash versus Segwit2x
davidgerard.co.uk
Jorge Stolfi explains Bitcoin versus Bitcoin Cash versus Segwit2x
1–10 of 22 posts
Re: Jorge Stolfi explains Bitcoin versus Bitcoin Cash versus Segwit2x
#2You'd hope the chain with the most utility wins out.
Re: Jorge Stolfi explains Bitcoin versus Bitcoin Cash versus Segwit2x
#3You'd hope the chain with the most utility wins out.
They'll all continue. Who wants one bubble when you can have three? The last fork resulted in people doubling their coin holdings. Another fork means another doubling and people will buy/sell on that chain, too. Once again, the current market participants will by extracting wealth from new market participants.
Re: Jorge Stolfi explains Bitcoin versus Bitcoin Cash versus Segwit2x
#4why is an explanation from r/buttcoin on HN?
Re: Jorge Stolfi explains Bitcoin versus Bitcoin Cash versus Segwit2x
#5You'd hope the chain with the most utility wins out.
The overwhelming use case for cryptos is speculation. Drugs and ransomware are a distant second and third. (Not sure which is winning at the moment - lotta darknet markets are down right now, and users are increasingly just not paying ransomware. Of course, solid data on any of this is hard to come by, even as I try to follow it closely ...)
So the question would be "which is most useful for speculation?" You'd need to think about exchanges, exchangeability (to other cryptos or to actualmoney), liquidity, how manipulable the price is (which could be an advantage or disadvantage for these purposes) ...
Re: Jorge Stolfi explains Bitcoin versus Bitcoin Cash versus Segwit2x
#6You'd hope the chain with the most utility wins out.
They'll all continue. Who wants one bubble when you can have three? The last fork resulted in people doubling their coin holdings. Another fork means another doubling and people will buy/sell on that chain, too. Once again, the current market participants will by extracting wealth from new market participants.
Except that Bitcoin Cash is pretty much worthless (~300USD) compared to BTC (5500USD). I wish my money had doubled, it's closer to a 5-6% increase instead.
Re: Jorge Stolfi explains Bitcoin versus Bitcoin Cash versus Segwit2x
#7why is an explanation from r/buttcoin on HN?
'cos it's concise, clear and from a computer science professor who follows and knows the area, one would think
Re: Jorge Stolfi explains Bitcoin versus Bitcoin Cash versus Segwit2x
#8You'd hope the chain with the most utility wins out.
They'll all continue. Who wants one bubble when you can have three? The last fork resulted in people doubling their coin holdings. Another fork means another doubling and people will buy/sell on that chain, too. Once again, the current market participants will by extracting wealth from new market participants.
Full-history forks (or "dividend forks", to give the hot new euphemism) are all the rage. I'm actually surprised in retrospect that it took until 2017 for someone to think of this trick, particularly given ETH vs ETC a whole year before ... https://davidgerard.co.uk/blockchain/2017/10/06/bitcoin-gold...
Re: Jorge Stolfi explains Bitcoin versus Bitcoin Cash versus Segwit2x
#9Anyone who is up to date with what is going on with bitcoin can see this is a gross oversimplification. But I guess that is to be expected from Jorge Stolfi who is ideologically opposed to bitcoin and has been on a crusade to try and stop it or change it into some neutered version of it.
Re: Jorge Stolfi explains Bitcoin versus Bitcoin Cash versus Segwit2x
#10You'd hope the chain with the most utility wins out.
Which is the fundamental problem with this analogy. Having more people who use the same cryptocurrency as you increases its utility to you. Having more people on the same train as you mostly just makes your journey more cramped and miserable.