BTC fees will need to be $4482.58 per TX just to match Bitcoin Cash's security when BCH is electronic cash for the world.

Bitcoin Cash aims to become electronic cash for the world.

BCH is presently scaling to 10 billion people each conducting 50 transactions per day and thus will be secured by fees of $6.94M/block (Calculation 10B x 50 x $0.002 / 24hrs / 6 blocks/hr).

By comparison, this is 25.16 times today's BTC fees and block rewards *combined* ($276,074.55)! (Calculation $6.94M/$276,074.55)

For BTC to just match this level of BCH security, BTC transaction fees would need to exceed $4482 per transaction! (Calculation 25.16 x $276,074.55 / 1550.37)

Question: How does BTC expect to compete with 10B people conducting commerce at $0.002/TX enjoying 25 times the security of BTC today given BCH is also uncongested, highly reliable, and incredibly fast, not to mention a superior (25x) store-of-value?

submitted by /u/EmergentCoding to r/btc
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Quelle: bitcoin-en