I will give you my outlook on the situation. I think it is not looking that bright from my perspective in terms of BTC dominance. It has been a contracted cold war for years now, vying over power and influence, strategic positioning in terms of which side will split as the majority. It was going very well from our perspective, just a few weeks ago when it seemed like our victory was imminent as a majority split, much due to UASF.
However, the BTCC movement seemed to have flipped the tables, now it looks like we will split as a minority. Further dividing Bitcoin into three camps, BTCC, CORE, BTC2X. Which will most likely be reflected by three BTC derived chains in the future. This seems like a grand strategic mistake from our side, however I would also not be surprised if BTCC was started by an agent provocateur/false flag. However now that it has taken root it has taken on a life of its own much like UASF. I do respect this, that has been the solution all along, however it has taken too long and the fear of the split itself has hampered its adoption, a lack of understanding of the true governance of Bitcoin, this delay risks BTC dominance, the market can find the solution in alternative cryptocurrencies as well.
This brings me to my next point, I do not think that BTCC can be competitive compared to other alternative cryptocurrencies out there, not if it loses the name. Which is one of the only things Bitcoin really has going for it, as one of many judged on its own merit I do not think that it will do well unless it would be able to undergo rapid development.
It feels very much like we have lost this battle and we are losing the war. The other side is literally celebrating. I think we should keep in mind, what our objective really is here, to bring about change with the vision of Satoshi. I do not think it matters what form that takes, whether it be BTCC, BTC, ETH or DASH. I think that vision, that emancipation brought about by this technology is unstoppable, regardless. I agree that global transition would be easier through Bitcoin, and the disruption of Bitcoin that we have witnessed will most likely delay global adoption by at least a decade. Which is of historic significance, this is certainly a battle worth fighting and I will continue to fight the good fight, supporting both BTCC and BTC2X, dropping CORE as soon as it detaches.
Bottom line however seems to be that BTC will split, with BTCC as a minority chain. While BTC defined as the longest chain will continue to have a congested network, toxic, civil warring communities and stagnation in development. For three more long months before splitting again, creating three chains in total at that point. It would have been better to have just had a clean split august 1st, would have been better to have had a split a year ago of course as well. But we are all trying to steer this uncontrollable mass the best we can. The beautiful thing is that we all get to have the Bitcoin we want in the long run and we do not necessarily need crypto dominance for that, we just have to learn to love the fork.
