/biz/ - Business & Finance

>>57564477
Remember, it was not just about block size, it was about SF vs HF.
Ethereum is 2nd mcp - guess what, it upgrades via HFs.
SFs make everything more complicated and hamper technical evolution for no good reason.
"Thou shall not HF" is the dumbest dogma in crypto.
Software is supposed to be upgraded.
Nodes are like Linux kernel, you're supposed to upgrade them.

>BIP-62 malfixes
>CSFS
>cat&split
>full flexible covenants through TX introspection opcodes (May '22)
>int64 ScripVM ops (May '22)
>unlimited unconfirmed chains
>consensus-enforced native tokens (May '23, with dedicated set of introspection opcodes) that can interact with covenants
>keep/pass around contract state and make L1 DeFi happen
>P2SH32 to solve the collision problem
>adaptive blocksize limit in May '24
>in '18 recursive covenants with CSFS+CAT&SPLIT, today just using introspection
>already have the primitives to implement whatever L2s are wanted, but there's no need for that, better to have more volume on L1 so fee volume will add up
>next up: UTXO commitments to solve IBD.

Imagine 2033 BCH at $200k, PoW worth $210k/block, blocks filled with 190 MB, and fee/TX still cheap at 6 cents.
190 MB is at the limit of current tech (due to orphan rates, when it comes to general non-mining nodes it has been proven a RPi can keep up with 256 MB blocks)

Lastly, for all the maxis, newbs, and reddit tourists: BCH shares the same tokenomics (and tx history until 2017) as BTC, so it can be an effective store of value AND a functional currency.
Any rational person can see that BCH is the better Bitcoin, and the market eventually will too.

>>57538316
It's the 4th largest PoW coin and shares the same mining algorithm with the first largest. There is plenty of room for growth as far as PoW goes.
BCHs largest shortcoming at the moment is its marketing. Obviously all discussion of it is censored on /r/Bitcoin, so many newbs just end up buying BTC because that's what reddit tells them to do.
However, now that CashTokens are a thing and BCH has its own L1 DEXs, I believe defi is going to play a large role in onboarding new users onto the network.
BCH <> XMR swaps are in development, which will be a useful on/off ramp especially now that XMR is getting dropped from CEXs like crazy.
CoinFLEX has also finished dumping, which likely played a role in the pump several months ago you mentioned.
All that to say I expect BCH to make new ATHs this cycle.