<story><title>Bitcoin Cash Starts Trading</title><url>http://www.trustnodes.com/2017/07/22/bitcoin-cash-starts-trading-reaches-high-nearly-900</url></story><parent_chain></parent_chain><comment><author>hudon</author><text>A fork like Bitcoin Cash will be a boon for the blockchain community.&lt;p&gt;There is a pretty big subset of the community that believe Bitcoin is a panacea that will replace currencies, payment networks and so on, regardless of how technically inferior the blockchain is to other more mature distributed databases and networks. They believe one day, the blockchain will be just as efficient or even more so. This subset is vocal about the urgency of increasing Bitcoin&amp;#x27;s block size limit so that we can increase transaction throughput as much as possible and as soon as possible.&lt;p&gt;On the other hand, most developers who have worked on Bitcoin proper (either protocol development or Core node development) believe that Bitcoin is more about financial sovereignty and censorship resistance, not as an in-place replacement of PayPal or VISA. This group wants to find as many ways to scale the blockchain without increasing the block size limit because increasing the size of blocks puts at risk users&amp;#x27; ability to validate the chain. This is because larger blocks means more resources required to transmit, validate and store blocks and if you cannot validate blocks, then you are trusting transaction validators (miners) just like you trust PayPal. Risking the ability to validate the chain is risking the financial sovereignty or censorship resistance they value so much.&lt;p&gt;Regardless of how well some claim SegWit2x is doing, truth is once SegWit is activated, we still have to face the 2x hard fork which many people in the second camp will simply refuse to support.&lt;p&gt;Having said all this, Bitcoin Cash represents an earnest understanding that there are two camps in Bitcoin and because of the differing economic visions, they will have different technical visions, so why not have two chains and evolve them independently? Rather than playing tug-of-war and both parties being dissatisfied?</text></comment>
<story><title>Bitcoin Cash Starts Trading</title><url>http://www.trustnodes.com/2017/07/22/bitcoin-cash-starts-trading-reaches-high-nearly-900</url></story><parent_chain></parent_chain><comment><author>TD-Linux</author><text>For those unaware, &amp;quot;Bitcoin Cash&amp;quot; is a proposed future fork of Bitcoin. The primary miner supporting it also runs an exchange, so what they are effectively trading is &amp;quot;future promised coins&amp;quot; once they start actually mining the fork.&lt;p&gt;Because so few of % of the total coins are tradeable, I think this results in a similarly volatile &amp;quot;market cap&amp;quot; as many ICOs.</text></comment>