Bitcoin forks and their future

[void]

ok, let's discuss what is current position, purpose and future of bitcoin forks like bcash and litecoin

JohnnyDoe said:
I don't know the future. I know from looking at the past that the future is unpredictable. Not necessarily the best product wins: see Betamax vs VHS.
Therefore, I follow an index investing approach and hold all the top 30 crypto.
Click to expand...

I'd say the future is predictable but not certain (which is what people mostly desire) - one has to have his own probabilistic model (the difficult part) and the rest is just math (relatively easy nowadays) and money management

by "meaningless without future" (speaking for example about BCH or LTC) I mean highly improbable to survive in my own model, no certainty

I'd be also careful to use words like "best" which is always relative to the observer and especially when it comes to companies or investment contracts - can we find an example of a dominant commodity that lost it's position? gold did pretty well until a better one emerged - surely there is non-zero probability that BTC will be replaced by another commodity but it would have to have features that makes big enough the difference in given context - BTC or LTC are too similar, XMR (not a fork of BTC) has bigger chance to keep up at least for a while

Last edited: Apr 8, 2023

 

[sharklasers]

I have dumped all BCH (not that I had very much), stopped BTC accumulation and‌ focused on LTC. Why? Because LTC requires a minuscule transaction fee right now and probably‍ could be atomically swapped with BTC while bypassing centralized exchanges in the future.

Actually I don't see here a⁤ liability but an asset.

 

[JackAlabama]

lightning has⁤ low fees as well, so ltc value prop is just not there. it also doesnt⁣ look like it can outperform btc over the longer term.
Im on the look for⁢ some new ones which can outperform in the short term.

 

[void]

it's a liability, LTC has no edge and almost zero chance to find its own‍ niche to survive in competition with BTC/lightning
XMR for instance has a better position because⁠ it's at least possible to see it as property and it has potential to distinguish⁤ (not saying I strongly believe in its success/survival in the long-term)

the dominant product/asset eats⁣ it all

there is youtube (BTC) and pornhub (XMR 😀) but no other meaningful mainstream⁢ platform
same picture in search engines, ecommerce, desktop OS, mobile devices

 

[sharklasers]

For me lightning is too complicated and full of conceptual back doors to work well.‌ But let's wait and see.

 

[JackAlabama]

just download exodus wallet. Takes‍ less than 5sec, easy. You found the way to this forum, you will figure it⁠ out. 😉

 

[void]

or Wallet of Satoshi‍ - The Worlds Simplest Bitcoin Lightning Wallet - it will not be your final choice⁠ but it cannot be any simpler to taste the feeling of being free - install,⁤ receive, pay

 

[legrant]

Honestly, I doubt lightning network‍ has any future, it's been around for years yet only 5400 BTC are on it.⁠ More BTC's were bridged to Avalanche in a month.

 

[koohl]

Have been using Exodus‍ among other wallets for years, works well.

 

[JackAlabama]

there is a lightning option under profile. The botton at the right bottom with‍ the squares and the other shape.

 

[OffChance]

Lightning is not a solution, it's not safe and very messy. It's flawed.

 

[void]

there is plenty of space for alternatives and (only) market will decide‍
it's far the best solution the world has right now