I am still a noob at this and many of us that are reading your posts probably are too so forgive me if I ask stupid questions but I am concerned about bitcoin cash because I don't see a significant improvement.
Visa handles an average of 150 million transactions every day and is capable of handling more than 24,000 transactions per second compared to Bitcoin that can do an average of 7 transactions per second and 250,000 transactions per day with 1MB block size limit.
Bitcoin Cash has 8MB block size limit which is 2 million transactions per day. And I am guessing it's no more than 50 transactions per second which can't even be compared to Visa with it's 24,000 transactions per second and 150 million transactions per day. Correct me if I am wrong but even if bitcoin cash is 10 times faster than what i said it is, that still wouldn't be enough.
If we are going to do a bitcoin fork so we can progress why not do it properly and completely blow all competition away. I just don't see how bitcoin cash will not need another hard fork in the near future...
Anyways, thank you for your post and thank you for warning all the newbies to do their research before they rush to buy bitcoin or any other crypto currency for that matter :)
RE: Bitcoin Cash and Bitcoin Legacy