There are so many arguments over this battle.
Bitcoin Cash surged today on news that Bitpay would begin accepting it, and Bitmain will only be accepting it for purchasing their S9 Antminers going forward.
But what does it really mean?
The way I look at it is that Bitcoin is a great store of value in its current form. It’s not very liquid due to transaction fees, and that’s where Bitcoin Cash comes in. It makes sense that it would be desirable to use for purchases for a consumer. What about the elephant in the room though? If you take a look at Litecoin, it has faster block times than both, and low transaction fees as well. Also, what happens in the event that Bitcoin implements the Lightning Network? Interesting times.
I’m no hater and I try not to get attached to any coin, but I have to wonder if Bitcoin Cash is doing so well only because it kept Bitcoin in the name?
