Today we're seeing the precipitous fall of bitcoin accompanied by a very sharp rise in the value of Bitcoin Cash.
Does this mean that technology is finally winning out over branding?
Over the last few months we've seen an explosion in the price of Bitcoin Segwit, but also an explosion in the price of transaction fees and block times on the network.
Roger Ver has pointed out on more than a few occasions that Bitcoin began losing market dominance as soon as the transaction blocks began filling up and running up against the 1MB block size limit.
The major innovation of Bitcoin Cash, as many of you may know, is that it features an adjustable block size. This ostensibly should keep the fees down and the block times fairly quick.
It would be interesting if there was a collective shift in the valuation of the two tokens, where Bitcoin Cash comes to dominate the market.
But I suspect in the process of Bitcoin Cash and Bitcoin Core changing places in the market, much of the value would trade into Ethereum, solidifying it as the predominant coin in the cryptocurrency markets.
Well this is getting very close to true now.