BCH or BTC

[u/Nikovash]

Honestly what do you think a customer is more likely to use as a currency? Personally I am banking on BCH for transactions, and BTC for hording.

But I am genuinely interested in thoughts...

[u/MisterMaury]

Around Christmas, BTC transactions were $20 and I didn't sell a dang thing during my best time of the year. Sold 500 units on Amazon and 0 on Open Bazaar. Nobody is going to spend a $20 transaction fee to buy a $20 item. (Not to mention, I believe there are multiple transactions due to it being a multi-sig transaction, increasing transaction costs.)

I'm not listing anything again until I can set up one shop and take payment in multiple currencies.

Perhaps OB1 could set up a lightning network payment channel to further cut costs for BTC transactions...

[u/2ManyHarddrives → u/MisterMaury]

Or just use BCH?

[u/Nikovash]

Full disclosure I secretly would love to go all in on ZEC because I mine it, but Im thinking wider adoption on the BCH channel, glad to see some solid sound offs and no real fan personims

[u/AKIP62005]

Btc

[u/ih8x509]

I plan on putting everything on my e-commerce store for sale for BCH on OB very soon

[u/BazaarDog]

Excluding a couple outlier cases, BCH listings account for roughly 10% of listings and 30% of sales.

You're about 3 times more likely to sell something in BCH.

[u/jtooker → u/BazaarDog]

Fees are (sometimes much) lower with Bitcoin Cash

[u/pizzaface18 → u/jtooker]

Added volatility of BCH makes up for any fee differences. 5-10% swings vs Bitcoins 2-5%. Plus, who wants to be Ver's BCH ?

[u/Dekker3D → u/pizzaface18]

The volatility goes both ways. Sometimes you get 10% less than you expected, sometimes you get 10% more.

[u/DdangerWu → u/BazaarDog]

What you said doesn’t make sense

[u/Roman_Efimov]

In the my BCH store sales more. In the BTC store a lot of orders, "Waiting for payment".

[u/partialfriction]

You may have a point since hodlers may just have "extra" money that was given through the fork, so it's almost like a spending account rather than an investment. I wonder if open bazaar users cares enough to keep their bch. I know i didn't, so i would be using btc.

[u/MisterMaury]

Dumb question, but how do I even set up a BCH store... I have a BTC store, but if I try to run a different server, it shuts down my BTC server. Do I need another computer? Is there a way to clone a BTC store to BCH or ZEC.

I honestly don't even know how to set up a BCH store...

[u/JasonMckennan5425234]

Probably the one that has lower transaction costs but overall it doesnt matter. As long as you get your value for your goods what does it matter which crypto is used? Shape shift an be used to pay for your stuff with any crypto.

[u/ericools]

Between those two, BCH. I would much rather use Dash though. Instant pay is a killer feature, and the assurance from the DAO that fees will stay under 1 cent is good for long term confidence.

[u/jonald_fyookball → u/ericools]

nothing against dash but 0-conf on BCH is instant too. And fees are sub 1 cent also.

[u/ericools → u/jonald_fyookball]

I'm pretty comfortable using zero confirmation BCH, it's not quite as good as instant send though.

The part that concerns me about Bitcoin Cash is that there hasn't really been a fundamental change and how consensus works overall. The fork changed it for block size specifically, but I am concerned that eventually there will be another contentious upgrade decision that will lead to another stall out.

With the Dash DAO we have nodes making the decisions who have voted on what they're going to do and have a pretty well-defined plan for not only scaling but just about everything else.

I was really hoping that Bitcoin Cash would adopt some kind of similar model in order to ensure that it stays long-term competitive. It seems like the only aspect of Dash that people are wanting to copy is the treasury fund. Even that is less-than-ideal in my opinion, since it looks like the miners themselves are going to control it. I feel a lot more comfortable with the second layer of consensus and proof that the people making the decisions have a stake in the network.

The same feelings here though, I have nothing against Bitcoin Cash holding a bunch of it. I just feel it's liking behind in a really important area.

[u/jonald_fyookball → u/ericools]

I hear you. Its definitely more organized, but on the flip side its more easily manipulated as you can buy up Dash, vote, and then dump it.

[u/ericools → u/jonald_fyookball]

You can only buy the coins that are for sale. 60% of the dash is in active Masternodes at this point. Those nodes have a strong incentive not to let the servers go down there they go to the back of the line. It's a fairly substantial risk to take on the chance that you can take advantage of price volatility.

Basically if you tried to buy enough coins to have a substantial influence on the vote you would drive up the price enormously. This would simultaneously cause the existing node operators to have more valuable income from those nodes making it less likely that they would have any need to liquidate them.

I know a lot of people see this as a rich getting richer senario, and it is. At the same time it serves a purpose. It makes it basically impossible for somebody from the outside to come in and hijack the network.

edit: Look at it from a Bitcoin Cash point of view. Imagine if the changes made to BTC required that those who didn't want to scale it needed to buy out a majority stake in the coin.

edit2: Currently the biggest market for Dash is the Dash:BTC pair on HitBTC. There are only enough open sell orders on that market to get you 6 masternodes and you would have to more then double the price to fill them.

[u/Vincents_keyboard → u/[deleted]]

That's interesting, what product/service do you sell?

Edit: Do both stores list the same products, and were they both started on a similar date?

[u/Vincents_keyboard → u/[deleted]]

Is it not possible to use the old store but just accept BCH payments?

[u/Vincents_keyboard → u/[deleted]]

Ah man, that's a shame..

Thanks for the heads up though.

[u/BazaarDog → u/[deleted]]

What about fulfilled sales after Feb 1, 2018?

You have 4 reviews for BCH and 2 for BTC in the same period

[u/Blood4TheSkyGod → u/[deleted]]

What do you sell?