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RE: Bitcoin Will Eventually Become Obsolete
"hard to secure or transact with" - I disagree. It can be 99.99% secured and the transaction will be just as easy as other coins.
Will BTC get replaced? Of course. Every tech does at some point.
The fees, slowness and lack of progression of the Bitcoin protocol is what the author is more or less talking about here if I am not mistaken. Generation 2.0 blockchains are upgrading at a very rapid pace compared to Bitcoin. For example, ETH has two major hard forks schedule shortly and another one within the year transitioning from proof of work to proof of stake. Its my belief and many others that have been in the space for a while that mining blockchains are similar to the Model-T. Yes it still works. Even today a Model-T still gets you from point A to point B. However, the end user will still choose the Tesla or the Camry if they have the chance. The Model-T was a revolution at that time but eventually got replaced due to the fact it only came in black and was not upgradable. Is was like a one function vehicle similar to how Bitcoin is today. Slow expensive and not very user friendly along with a host of governance and funding problems that lead to a variety of protocol inefficiencies.
fees are high. this is after all why BCC was created..and failed
Bitcoin Cash hasn't failed yet, if anything it's just getting started. It's possible your thesis is right and Bitcoin Cash will overtake the legacy coin as it seeks to provide more utility, speed, and lower costs.
BCC hasn't "failed". The price is being suppressed at the moment, but that means the banks are scared of it, not that its failing.
I support BCH and the reason I think it failed is the FUD and Dash. Why bother with BCH when Dash offers the same scale plus Privacy+1.3second transactions and excellent governance that also has a self funded treasury. Also there are my other 2 favorite currencies NEM and PIVX.
Why switch to BCH when you can switch for something even better.
Bitcoin cash hasn't failed at all. :/