RE: //BTC vs BCH // A debate in pointlessness..
I won't argue what makes a coin a Store of Value. There are too many school of thought for that. I won't argue whether use=value. Much of fiat is speculative as well but not as much as crypto.
Speculation gives many things value. Pure usage doesn't mean value.
Now why pay in btc/crypto instead of USD? Well the same way someone people get paid in stocks. Not everyone will accept it. But just search it and you will find people getting a certain % on the wages as btc. The more bitcoin increase in value the more people want. The more bitcoin grows the more is stabilizes.
Nothing in this world is pure anything, but Bitcoin is the most decentralized by far. The Miners are kept in check by the full nodes/users. Dev keep in check in miner while miner threaten to weaken there works. User keep in check of dev by seeing what gets added or anything. It not prefect some side are more powerful than other at other times.
China pool are dominant that true but not mining.Pools don't equal miners. Alot of of mining has been moving out. Bitcoin has also become more greener. Bitcoin natural incentives protects to a degree. Certain upgrade to bitcoin pool will give more power to miners without affecting their profits in pools. What makes a non communist country better? US has been shoving it $ down others throats. Bitcoin naturally moves to the place of best mining. China mining influence has been dramatically going down along with Bitmain.
What makes you say that bitcoin is obsolete?
Bitcoin has one of the best teams in the world. It has fast txs the same way steem has faster tx. Steem scaling involves the witness having enough resources to run. Steem as a global currency mean your trusting people as your money. DPOS is great for apps. But as global currency without the least trust-it Bitcoin. Bitcoin chose it scaling method as the LN. BCH chose as onchains txs. By your logic BCH is great. BCH has more than 120 tps. And due to the scaling plan to remove the blocsize limit they can reach 7 million tps. https://www.bitcoinglobal.ca/altcoin/7-million-transactions-a-second-research-paper-declares-1tb-blocks-feasible/
BCH with it 0conf ideology won't even need to wait.
So I fail to see your ponit?
Onchain txs are easier to make scaling hence intimidate results.
While Bitcoin choose offchain tx in a way to keep miner align. Is it a good defense agaisnt miners-not alone. Even with a 51% attack if your using your own node-they can't hurt it. The only thing they can do is double spend there own tx.
LN can scale even more to million-billion tps-a big block increase will help .
It wait time can be less than seconds as well.
I fail to see your point.
I don't hate BCH forsay. It scaling plan does not interest me-It can work but I belie in offchain txs.
But I don't get your points. How is it inferior? Do you not like how BTC plans to scale? Ok-but saying it tech inferior is not ok. You can just say that BTC tech does not interest me.
The debate is not much over the tech but the name/people. Without it-the debate becomes what tech is ''better'' like any other coin.
But to be fair better tech doesn't also mean the winner. History has shown us this.
Claiming BTC isnt obsolete is like claiming floppy drive wasnt obsolete when CDs came into picture. Claiming CDs werent obsolete when DVDs came into picture. DVDs to Blueray. Blueray to access to all data through internet, and on and on it goes.
STEEM was made of an example so i can show on a familiar project how far we have come. STEEM has a different purpose and different use cases right now but im more then positive that STEEM could be used for day to day purchases far easily then BTC and far more efficiently. We want a decentralized global currency. STEEM can be that, BTC cannot.
STEEM by design has a decentralized trend embedded. Redistribution of wealth from the high SP holders to the low SP holders.
BTC on the other hand has a centralized trend. Centralization of mining and fee collection as well as non-existent distribution of wealth. BTC does not empower anyone in comparison to STEEM.
BTC and BCH, etc.... offer a basic use case like 100% of crypto. Send from A to B. Projects like STEEM on the other hand offer the same basic thing improved by a magnitude of a 1000 and additional real world use case..
People tend to think that STEEM is a daap building platform, or tie it into STEEMIT, and call it a "blogging token".. But the truth is that STEEM has as many use cases as we want it to have.
Claiming something will scale, is different from something currently showing the exact thing BTC or BCH want to succeed at.
BTC and BCH seem to be basing their success on their size and that fails almost always.
I expect a bubble. Once crypto goes mainstream projects will be weighed against each other based on merit, and it will be an almost instantaneous realization that there are far better alternatives to BTC.
What happens when BTC gets another ATH? Hits 100k or something and gets to a point where massive gains are no longer possible? You will have inferior tech with large market cap dominance and no real world use.
Bubble will pop and investors will look for something to make their money on once again, and that time they will look at merit and sustainability.
They were mostly made by the same company and at times the same manufacturers. They learned to upgrade and Bitcoin has been doing that. People saying Bitcoin isn't like the old bitcoin in 2009 are right-Bitcoin is upgrading to be better. So that one point that can be said to be iffy.
Steem as a global currency is ugh. Steem as a decentralized social network yes :) EOS as a decentralized Dapp? Cool 🤷♂️
DPOS is not a decentralized global currency. Global currency=Speed
Global currency=Security,use,trust. Bitcoin/Litecoin/BCH don't need trust while in DPOS you vote. You don't want a app platform to be the same as money. You want it to be different so no sign of failure. POS is brings a type of shareholders company. POW introduces many many layers of countering like how Global currency should be. BTC and BCH both have smart contracts and dapps. BTC has RSK and others. BCH has wormwhole and more. So they are not basic by the way...
I don't get this point:
Rewording might be little better. But BTC and BCH don't assume success by size.... They assume success by diff prop like other coins do as well...
A bubble popped and bitcoin cam on top. So your saying an even bigger one but where Bitcoin will fall based on inferior tech? 2017 was a weak time for bitcoin. But Bitcoin picked scaling and dapps methods now. Bitcoin is not inferior/obsolete tech but tech that you think is not good. And history showed that having better tech does not mean better. Your kidna saying the same points I countered before...
I agree lets the market decide.
I trying to change some of your view but not all. At least trying to make you understand that Bitcoin not obsolete tech and time for the free market to see what better.