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Iranus
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November 16, 2017, 04:25:49 PM |
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In theory it could happen. It's certainly true that forks can harm BTC's Nash equilibrium by incentivising miners to potentially go against users' interests until the next difficulty adjustments.
That said, there have been several points at which the BCH profitability has been significantly higher than BTC and it has not resulted in the "death spiral" that they're talking about here.
There's also no guarantee that an increase in BTC's fees or congestion in the BTC network would automatically result in BCH volume. In fact, there are many different choices for people to go to.
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