Bitcoin and Bitcoin Cash, who will win?
Since yesterday, the price of Bitcoin and Bitcoin Cash have suffered parallel and opposite movements in delirious proportions!
Bitcoin Cash which offers 8 MB blocks and faster transactions has been preferred by some to Bitcoin, thus honoring the original idea of Satoshi Nakamoto on the principle of a decentralized currency and undermined by its users.
Will these fluctuations be detrimental to cryptocurrencies?
The price of Bitcoin Cash has fluctuated tremendously up to $ 500 in a few hours.
And these oscillations should continue between these two ranges.
Each currency to its supporters, and the winning coin will have a significant number of holders after all these fights.
These movements are not detrimental to cryptocurrencies and are only increasing support for this type of currency.
IOTA President David Sonstebo said:
“The whole Bitcoin / Bitcoin Cash drama and fork fiasc shows how Bitcoin is stagnating both as technology and community, and how centralized miners have the ability to manipulate the market as they see fit. In addition, it really shows the inherent limitations of Blockchain architecture. Regardless of how far the quorum decides to go, it will have a negligible effect on the adoption of Bitcoin as a transactional settlement layer.”
