Curious.
The Bitcoin cash people remind me of the monero people, they explain their position well, seem to be speaking in good faith.
And they're met with the exact same reaction from "bitcoiners"
Instead of explaining why Btc is superior they shut the conversation down, or say some shit about other crypto not being able to scale.
Umm, Bitcoin don't scale, that's why lightning exists right?
The only cryptos that actually scale are stable coins with government backing as far as I can tell.
๐ค
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Fees are super low (~1 sat/vbyte ~0.15 USD)
LN works so well people are getting worried about the "security budget" (fees are so low, miners may die in far future when there is no subsidy)
On-chan scalability does not work for very many reasons. Just one example: imagine the bip110 situation if Bitcoin had 100mb blocks. Fees would be even lower then now and it would be super cheap to stuff the chain full with jpegs.
Luke wants to even decrease block size.