Some of my crypto buddies asked me this question, because he thought I supported both Bitcoin as Bitcoin Cash. The discussion is also about why I believe in Ethereum, while also believing it could just as well fail and/or been taken over by other projects like Cardano, Stellar, EOS or hell, even Ethereum Classic itself. My answer would be/was:
Nope you have misunderstood my reason for having BitcoinCash. I do know that LN is a "science project" (according to Roger) that still has issues to solve, but as we can see now, as long as we don't get an unsustainable hype train as in EOY 2017, Bitcoin functions perfectly fine for the time being. BitcoinCash also is far from perfect, but has significant business development and marketing backing, for example by Roger Ver, who is not to be underestimated! The reason that I hold BCH is not because I like it so much, but because its proposition is a fair argument for existence so it has its own merit with which I nor agree nor disagree, the future will tell. HOWEVER, by having more or less the same amount of BCH as BCT, for me it will not matter which one or both actually will survive as "real" bitcoin. my BCH is a hedge.
Similar I have EOS, and will have ADA and Stellar as hedges against Ethereum. I am also a interested and relatively positive towards Ethereum, but I can see more than enough controversy of its applications and technology, which leaves more than enough room for a reasonable failure probablility. So although I am generally hopeful for Ethereum and that they could just as well solve their scaling issues suddenly and/or against the assumed odds and remain a dominant factor in crypto industry (but perhaps within its own use case and subset of the market place); still I do feel that it is much more of an unstable, less secure, unproven, higher risk science project. But I really try to not to be biased towards any project and always consider alternative scenarios, like worst case scenarios and how to be prepared.
For example the reason that some people hate ETC and want it to die, is that in the back of their mind they do fear that it really could take over in some sort of black swan event that collapses their dear love ETH, while in fact a good argument can be made for the fact that it is Ethereum in the purest form (although I do also understand why back in the day Vitalik and consortium decided to fork off which they are now less likely to consider; for both are valid arguments for their existence).
Ultimately it will be the market that decides and we need to be humble enough to admit that we cannot possibly predict the future, especially when it comes to crypto. The real over arching and dominant world leading cryptocurrency that wins the day might not even exist yet for all we know! Again I repeat: Expect the unexpected!
Nope you have misunderstood my reason for having BitcoinCash. I do know that LN is a "science project" (according to Roger) that still has issues to solve, but as we can see now, as long as we don't get an unsustainable hype train as in EOY 2017, Bitcoin functions perfectly fine for the time being. BitcoinCash also is far from perfect, but has significant business development and marketing backing, for example by Roger Ver, who is not to be underestimated! The reason that I hold BCH is not because I like it so much, but because its proposition is a fair argument for existence so it has its own merit with which I nor agree nor disagree, the future will tell. HOWEVER, by having more or less the same amount of BCH as BCT, for me it will not matter which one or both actually will survive as "real" bitcoin. my BCH is a hedge.
Similar I have EOS, and will have ADA and Stellar as hedges against Ethereum. I am also a interested and relatively positive towards Ethereum, but I can see more than enough controversy of its applications and technology, which leaves more than enough room for a reasonable failure probablility. So although I am generally hopeful for Ethereum and that they could just as well solve their scaling issues suddenly and/or against the assumed odds and remain a dominant factor in crypto industry (but perhaps within its own use case and subset of the market place); still I do feel that it is much more of an unstable, less secure, unproven, higher risk science project. But I really try to not to be biased towards any project and always consider alternative scenarios, like worst case scenarios and how to be prepared.
For example the reason that some people hate ETC and want it to die, is that in the back of their mind they do fear that it really could take over in some sort of black swan event that collapses their dear love ETH, while in fact a good argument can be made for the fact that it is Ethereum in the purest form (although I do also understand why back in the day Vitalik and consortium decided to fork off which they are now less likely to consider; for both are valid arguments for their existence).
Ultimately it will be the market that decides and we need to be humble enough to admit that we cannot possibly predict the future, especially when it comes to crypto. The real over arching and dominant world leading cryptocurrency that wins the day might not even exist yet for all we know! Again I repeat: Expect the unexpected!
Likes:
Emma
