/biz/ - Business & Finance

2017 wasn't the biggest bull run that I've watched in bitcoin.

I watched it run up from $1 to $30 and back to $2.

From $8 to $250 back to $80

From $80 to $1000 then to $150

95% of altcoins will not be part of the next bullrun. But you can be 100% sure that there is one that will always be there: bitcoin.

oldfag here (early 2011)

I could have told you with 80%+ accuracy by 2012 exactly which personalities would end up on either side of the btc / bch fork

any description i give will result in me being considered a shill, but essentially it's a cultural divide

very few of the bch people will have made the libertarian -> alt-right migration that happened in 2015 for example, but that doesn't mean that the btc side are alt-right or anything

bch is, for better or worse, a collection of people who have lost power over the years, and lost on technical issues that were important to them

block size is the most superficial and easiest to understand issue that they lost, but the list goes on and on.. replace by fee was big.. many of them wanted larger OP_RETURNs. Generally speaking they were far more likely to embrace living on bitcoin in their daily lives and were more focused on things like business adoption and marketing and that type of stuff.

There have been a number of fights that were decided in favor of "adversarial thinking" over the years inside of bitcoin.. Replace by fee is one of them. Basically the argument is that zero-conf provides zero security until it is mined into a block. Therefore it is useless to merchants in an "adversarial thinking" environment. The BCH crew would argue against that and say merchant adoption is the driving force of bitcoin adoption and zero-confirmation hasn't and won't be a problem because miners have no interest in making it a problem.

Every issue breaks down along these lines, for the most part. Even blocksize. The BTC crowd are more "adversarial thinking" and the BCH is more "adoption first"