George Bence (GGNoRe)

[George Bence (GGNoRe) @kreeflewer]

BCH will always be the first bitcoin hard fork to increase the block size cap. This alone should already be reason enough to own some, even if only as a hedge for your BTC.

[Bitcoin Takeover (BTCTKVR.com) @BTCTKVR]

Flawed By Design

Steve Thurmond's negative feedback loop argument is that bitcoin:native's design creates a self-defeating payment network.

When transaction volume rises, fees spike. High fees price out the vast majority of the global population.

That pricing-out reduces adoption, which reduces demand, which reduces price.

The system works only for large institutional transactions where a $1,000 fee is irrelevant against a $1 billion transfer.

He argues this was not an accident and it is precisely what makes Bitcoin useful as a speculative asset class for the wealthy and useless as freedom money for everyone else.

Bitcoin Takeover S17E26 with @stevethurmond and @cculianu

[George Bence (GGNoRe) @kreeflewer]

@BitcoinIsaiah purposefully limited throughput

[George Bence (GGNoRe) @kreeflewer]

@ASvanevik if by 'version of btc' you mean 'that shares mining investment (Sha256 asics)' or that 'shares genesis block' then BCH is literally the leading coin in this department.

[George Bence (GGNoRe) @kreeflewer]

@DDj88853941 @SallyMayweather Whaat hes like 4 years younger than me

[George Bence (GGNoRe) @kreeflewer]

@infopocalypse1 @BitcoinGambit @NeilJacobs Throughput on btc is limited.. which drives its use more toward 'settlement layer' and for big purchases and transfers. In this sence its also got atleast some of that gold weakness you are pointing to. Other cryptos can handle more volume at cheaper cost. Search block size wars

[George Bence (GGNoRe) @kreeflewer]

@CoineliusX @bchalpha The president of the us already shilled it. Whats the next step?

[George Bence (GGNoRe) @kreeflewer]

@hodlonaut BTC seems to be evolving toward a highly ossified settlement asset with strong institutional adoption, which naturally aligns with the ‘digital gold’ narrative. Does that exclude it from being ‘money’ in the everyday sense, or can money truly exist in layered form?

[George Bence (GGNoRe) @kreeflewer]

@demystifysci @shayes717 Why does the force of gravity exist?

[George Bence (GGNoRe) @kreeflewer]

@TheDesertLynx @TheBCHPodcast If those coins were to move today, the market would react hugely. The market are treating those coins as lost

[George Bence (GGNoRe) @kreeflewer]

@PakoVM @TheBCHPodcast @sesi_the_man The big question is if its long term sustainable

[George Bence (GGNoRe) @kreeflewer]

@PakoVM @TheBCHPodcast @sesi_the_man Aggreed. And ofcoarse theres more factors too.. simplicity, usability,scalability, long term sustainability etc. and missing out on one of those might cause some potential builders to move elsewhere.

[George Bence (GGNoRe) @kreeflewer]

@PakoVM @TheBCHPodcast @sesi_the_man on the extreme side, one doesn't even need a 'blockchain' to build, but then it defeats the entire purpose.

[George Bence (GGNoRe) @kreeflewer]

@PakoVM @TheBCHPodcast @sesi_the_man builders that require protocol improvements / scalability yes

[George Bence (GGNoRe) @kreeflewer]

@cguida6 @TheBCHPodcast @SuperTestnet @robin_linus Some of it comes from an island with a white and blue painted building

[George Bence (GGNoRe) @kreeflewer]

@robin_linus @TheBCHPodcast BCH wont beat BTC network effects, true. But some of the network effects BTC has IS the fact that it fits in better with tradfi and institutions. So they are all aboard. They would not be so keen on a 'fixed' bitcoin. They want digital gold. And so the two diverges..

[George Bence (GGNoRe) @kreeflewer]

@Justin_Bons @TheDesertLynx and after they have dumped their supply, a new coin needs to be created that can use VC money to advertise and pump it again

[George Bence (GGNoRe) @kreeflewer]

@BitcoinTeacher_ @21BTC_ODT ah yes.. and its obvious that bitcoin was designed to eventually have huge throughput with fees replacing the block reward... but wait.. why is the blocks still capped at 1mb!??

[George Bence (GGNoRe) @kreeflewer]

@BitcoinTeacher_ @2ToneShawn btc is only spendable (at scale) via custodians. The block size cap is the bottleneck and it can only be fixed via a hardfork. (look at on chain transactions of btc and you can see where it already hit its ceiling) from there on its usecase slowly morphs to 'store of value'

[George Bence (GGNoRe) @kreeflewer]

@deadalnix @KuptoKosmos @Truthcoin @eCash Name reuse is the real issue, calling it an “affinity scam” is an exaggeration. Forking Bitcoin is hard, and I think he’ll realise that over time—but using “eCash” when it’s already taken is a weak move.

[George Bence (GGNoRe) @kreeflewer]

@TheBCHPodcast @Truthcoin Bitcoin is like an organism that can’t consciously evolve. The obvious mutation—simply raising the block size cap via hard fork—remains an open experiment, yet the market keeps spawning alternative paths, testing every possible dead end in the wild before convergence can happen.