It's been a year since bcash launch. It has been an irredeemable failure.
Since then only 1,400 out of 62k blocks, or 2.2%, have been over 1mb
With Segwit, BTC blocks can be ~4mb. Only 193 BCH blocks have ever crossed this threshold
Only 1 month had > 10% of blocks over 1mb
Since then only 1,400 out of 62k blocks, or 2.2%, have been over 1mb
With Segwit, BTC blocks can be ~4mb. Only 193 BCH blocks have ever crossed this threshold
Only 1 month had > 10% of blocks over 1mb
Despite the smaller block size and two of the largest institutions pushing BCH (ahem coinbase and bitcoin.com), BTC USD txn volume is 20x BCH's.
Since May price is down ~50% in BTC terms and it just broke a critical .10 level.
BCH has irrefutably been a failure. The market has spoken and investors would rather prioritize small blocks + L2 scaling over naively increasing the block size ad infinitum.
The evidence is now crystal clear what approach should be taken.
The evidence is now crystal clear what approach should be taken.
This is also why dominance is an absolutely terrible metric to follow. BTC dominance as a % of overall mcap has fallen throughout the course of this charade.
But if anything, BTC's resilience throughout this attack shows me that Bitcoin is more dominant than ever.
But if anything, BTC's resilience throughout this attack shows me that Bitcoin is more dominant than ever.
