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RE: I think the btc fee plan might backfire and BCC will be king in 2018.

in #bitcoin7 years ago (edited)

I have a friend more involved in cryptos than myself, he praises BCC. One thing for sure, we both dislike BTC for all its fundamental flaws. I'm holding BTC or BCC, I have no interest in them. Even with BCC's 10 min confirmation time (theoretically), it's still way too slow compared to the new generation cryptos. And perhaps in the future it too will suffer from the same sluggishness of bitcoin.

But I do have interest in the altcoins, because they solve all the problems of bitcoin. Bitcoin was designed to do one thing, be a currency, and it turned to be the worst at doing it, whereas altcoins are bringing different applications to the table, with faster speeds and lower or no fees. I honestly don't understand why people are still hyped about bitcoin, store of value? I think not. I'd rather have a turd store value better than bitcoin.

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Nice turd - I'll give you $13,857 for it :)

Bitcoin was designed to do one thing, be a currency, and it turned to be the worst at doing it,

Yes, but it should be noted that what really makes BTC terrible at the moment is not its original design at all. Satoshi himself also said that the blocksize should be increased according to the needs of the network and that it could be increased automatically in steps to make sure it was always way ahead of any risk getting clogged.