Re:Bitcoin cash mining profits jump
by rothbardrand on Saturday August 19, 2017 @06:36PM
(#15056024)
Please study the technology before making such claims. SegWit quadruples capacity, and lowers fees-- in fact the lower fees is one of the objections that resulted in BCH. The only reason there is any congestion on BTC is that the creators of BCH -- the "big blockers" have been spamming the network-- to drive up fees. If you have a significant portion of the mining hash power you can spam BTC with transactions to drive up fees and make a profit.
It's not core that wants high fees-- why would they?
Most people don't know of BCH and since it was done in such a half assed manner most wallets don't really support it yet.
Re:Bitcoin cash mining profits jump
by theprotocol on Saturday August 19, 2017 @07:57PM
(#15056270)
>SegWit quadruples capacity
Not according to this: https://segwit.org/is-segwit-a-block-size-increase-705df6a87...
Can you address it? Thanks.
> It's not core that wants high fees-- why would they?
https://www.reddit.com/r/btc/comments/6uw5kf/why_does_core_r...
Perhaps, but BTC is throwing its ecosystem away with a core team that is committed to congestion and high fees. Bitcoin Cash already has the customer side of the customer-vendor double-sided marketplace handled as well as Bitcoin does because they have approximately the same distribution among bitcoin owners.
It isn't the same hurdle as litecoin--half of the chicken and egg problem is already solved. Because of the fees, and the damper they will place on sales, there's an incentive to switch to boot.