I remember when I first heard about Ripple (XRP) and how a company was largely in control of it and most of the coins were already issued and held by the company. I was like what is the point of this? This is the exact opposite of what we are trying to accomplish here. Next thing I know the price of Ripple skyrockets, but I chalk it up to either (1) the mass public being misinformed or (2) me not fully understanding the value proposition.
Well here we are and the SEC is bringing a suit against the company and exchanges are delisting it and all of the issues with centralization are being brought right to the surface. It took like 5+ years for this to happen.
I’m confident that BTC is going to be over $100K in this decade. But I’m also confident that $100 fees will pretty much destroy the direct use of BTC as a currency. Like Ripple, it will take many years for this weakness to come to fruition.
Let’s be wise as a community and make the right long-term decisions for BCH. Mainly, (1) leave it alone, (2) build more secure, private, and useful wallets, and (3) keep the fees low so merchants can use it. It’s not unreasonable, in fact over the next 10-30 years it is very well likely, for BCH to flip with BTC and be known by the simple moniker “Bitcoin” and leave BTC known as Bitcoin Core.
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from Bitcoin - The Internet of Money https://ift.tt/2WUkqhT
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