Always a nice surprise to hear that a sideways market has made a positive change.

How long this will last, if at all, is of course anyone’s guess, but I’ll take it! Whether this little bull run of the past 24 or so hours has any actual support remains to be seen. What I do know is that I needed some good news.

In other cool news, the BCH network “stress test” happened yesterday, with notable events/parties being held all over the world, including Japan and Australia.

On September 1, 2018, the Bitcoin Cash (BCH) network was put to the test as BCH proponents flooded the mempool with millions of transactions. According to statistics during the last 24 hours, BCH miners have processed over 2 million transactions so far.

https://news.bitcoin.com/stress-test-big-blocks-bch-network-confirms-2m-transactions-in-24-hours/

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Apparently the network was more than capable of handling the flood of transactions, which is good news for those who want to mainstream this stuff and make it a usable currency.

Even though the day was an experiment, 23 transactions per second is considerably larger than BTC’s 3 transactions per second and many of the other blockchain networks. Further, instead of people getting upset about tons of microtransactions and calling it a ‘spam attack,’ BCH stress day participants have relentlessly processed thousands a day, and miners processing big blocks had cleared the mempool (transaction queue) effortlessly.

source.

Of course, BCH still has its vehement critics. Regardless of my pro-BCH bias, I think this is a debate that needs to be had: respectfully, rigorously, and logically. As some of you may be aware, I am currently in the process of arranging a debate between Steemit’s own @transisto and @rogerkver, in regard to Bitcoin Cash being a viable solution to the Bitcoin scaling problem.

Once all the logistics are worked out, I will be making an official announcement, so stay tuned!

What happens from here? Who knows! But let’s fuckin’ go! Time to move!

~KafkA

!

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Graham Smith is a Voluntaryist activist, creator, and peaceful parent residing in Niigata City, Japan. Graham runs the "Voluntary Japan" online initiative with a presence here on Steem, as well as DLive and Twitter. (Hit me up so I can stop talking about myself in the third person!)