So, after the disaster, is it safe to buy Bitcoin Cash now? Will it recover and moon again?
Also, what might be the next emerging coin? Something like XSPEC in its days.
>>3224105
What disaster?
>>3224123
>1. the Tether-BTC bubble
BACKGROUND:
https://hackernoon.com/meet-spoofy-how-a-single-entity-dominates-the-price-of-bitcoin-39c711d28eb4
https://hackernoon.com/the-curious-tale-of-tethers-6b0031eead87
MAIN POINT
https://medium.com/@bitfinexed/are-fraudulent-tethers-being-used-for-margin-lending-on-bitfinex-5de9dd80f330
>2. Lightning Network/Banks infiltrate BTC
BTC exploded because with it you could buy things without giving banks a cut.
Banks became redundant, since miners verify you have bitcoin and put them onto the blockchain, an open ledger that confirms your balance for merchants and sends them the payment when you say so.
Lightning Networkk is regression to the bank system.
>third party keeps ledger on private sidechain and you pa them subscription fees for this
>because of low 1 MB Block limit, transactions are already $15 dollars and will grow into the hundreds. Imagine paying $17 dollars for a $2 coffee?
Bitcoin isn't a currency anymore unless you use it on LN, and then it isn't decentralized.
>>3224105
Hell yes to BCC.