It won’t replace it when its identical. The ideological premise it is based upon is hollow. And a store of value != monetary currency.

Bitcoin Cash has done nothing different than Bitcoin so far. It’s all ideological with no implementation of anything novel. The failed SegWit2x was just an attempt to scale on-chain but the Bitcoin fanboys don’t care about the original vision anymore, so now BCC has a slim chance if they walk the talk.

SegWit2x is a joke. Bitcoin Cash is much better. This Bitcoin November hard fork is a quick fix that fixes absolutely nothing. All it does is cause confusion to the Bitcoin community. But of course, your comment is from 3 months ago. As you can see, Bitcoin Cash is 2nd to Bitcoin. And the only coin that is capable of replacing Bitcoin totally.

Here is the thing. All we wanted was bigger blocks. All of this “scaling” bullshit was made up by bankers to make us mess up Bitcoin by trying to compete with them. We’ve never needed to. They cannot compete with us because we DO NOT NEED TRUST (something they cannot do business without because they also cannot do business without being able to LIE). SW/LN is a return to trust. If it hasn’t been included in a block, I have to trust that it eventually will. Bigger blocks gives us what we want without changing the trust-model (no trust needed) of Bitcoin.

-Oz

Regarding the last question, the BTC jump of ~1K USD this week might answer your question. I see an interest in creating the “fail” alt-coin with a devious purpose. It worked flawlessly in the short-term.

That’s just my reading of the facts and the ideological sentiment. I have no stake either way.

Devs/miners were always opposed to SegWit; but the miners got onboard because of SegWit2x which promised a block size increase three months later on top of the SegWit… which at this point is not guaranteed since intention and walking the talk with a hard fork for the block size increase are two separate things. Besides being greedy, the 8MB block size for Bitcoin Cash resolves the size problem right now, today, immediately! that SegWit doesn’t. Sledgehammer vs screwdriver. Short term thinking vs long-term thinking. It’s typical greedy, grabby Chinese mentality. They haven’t grown up yet.

Devs have never uniformly supported SegWit (or chain splits) in general due to implementation and bug testing concerns, but since SegWit is a Bitcoin Core proposal already baked in the cake that nodes merely have to turn on, devs don’t really have much say in the matter. If they decide not to support it in their software for whatever inane reason, then we’ll have three factions. It’s just ridiculous.

Fortunately, the first mover, network effect of Bitcoin Core isn’t going away. That alone is enough economic incentive to stick with it.

Don’t know about that conspiracy theory, but it is interesting that Bitcoin Cash just popped up out of nowhere at the last minute. It’s essentially Bitmain’s UAHF without being conditional. I think saying they “created” Bitcoin Cash is vastly overstating what went in terms of just changing three lines or so of code of Bitcore Coin to support a 8MB block size. It’s not a carefully thought out, long-term vision. And both Bitcoins still have the hard 32MB technical limit. It’s easy to guess which will deal with that problem long-before the fact (hint: its not the Chinese solution).

Look, I think that five developers holding power over Bitcoin Core really sucks, but a knee-jerk reaction to protect mining profits in terms of sponsoring a shitcoin knock-off is hardly worthy of substance. Best case at this point is if Cash merges back into Core when the latter is due for its block size increase hard fork. And pigs will fly.

As Warren Buffett would say, competition is a wonderful thing!

Interesting point of view – definitely not something that most news say anyway.
Does that mean that those devs/miners who opposed to SegWit2x did that mostly because of greed?
Also, do you think that Chinese companies (like Via BTC) sponsored Amaury Sechet and his team to create the altcoin?

All that being said, its nice to have another shits and giggles coin in my wallet. You never know what will be The [next] One. It’s up to the end users to decide that, not the miners and not the developers.