Re:Monopoly Without a Monopolist: An Economic Analysis of th...
by pmorici on Thursday September 07, 2017 @07:18PM
(#15196669)
The high transaction fees recently are pushing out a lot of the traditional use cases for Bitcoin. Bitcoin Cash appears to be in a position to inherit those use cases.
Re:Monopoly Without a Monopolist: An Economic Analysis of th...
by rj123 on Thursday September 07, 2017 @08:39PM
(#15197067)
That's unlikely. Bitcoin cash isn't accepted anywhere yet, and unlike Bitcoin it does not have Segwit, and thus no layer2/lightning network support. It's 8MB blocks only up the on-chain scaling from like 3 tx/sec to ~20tx/sec. That's a negligible difference when compared to credit cards, paypal, etc. Bitcoin will only ever reach that kind of capacity with 2nd layer lightning network, or something like it.
Re:Monopoly Without a Monopolist: An Economic Analysis of th...
by dajohnson89 on Friday September 08, 2017 @01:58AM
(#15198166)
When will btc adopt lightning?
Re:Monopoly Without a Monopolist: An Economic Analysis of th...
by rj123 on Friday September 08, 2017 @03:24AM
(#15198447)
Segwit was just activated on Bitcoin around two weeks ago. Among other things, segwit includes a fix for txn malleability needed to facilitate a lightning network implementation on bitcoin. The lightning network alpha release has been implemented on Litecoin, and has been on the Bitcoin testnet since the beginning of the year. My guess is it will go live before the end of the year, and adoption will ramp up next year.
Re:Monopoly Without a Monopolist: An Economic Analysis of th...
by soneca on Thursday September 07, 2017 @06:07PM
(#15196209)
Well, don't these charts only reflect new people buying Bitcoin (as an investment)?
https://blockchain.info/pt/charts/n-unique-addresses?timespa...
Re:Monopoly Without a Monopolist: An Economic Analysis of th...
by clarkmoody on Thursday September 07, 2017 @09:24PM
(#15197245)
You could probably look at the distribution of transaction sizes to try and determine how much is investment vs commerce. A bunch of $1-10 transactions are less likely to be speculators getting into a position.
Re:Monopoly Without a Monopolist: An Economic Analysis of th...
by JumpCrisscross on Thursday September 07, 2017 @06:29PM
(#15196376)
Those data don't differentiate bitcoins bought for investment and for trading.
I'd beg to differ.. sure there is definitely a percentage of HODL'ers but to say people don't use it in transactions is straight up lunacy.
https://blockchain.info/charts/n-transactions?timespan=all https://blockchain.info/charts/trade-volume?timespan=all