This is not surprising. The miners (or I guess I should say "some miners") want to retain their power by keeping all transactions on-chain in Bitcoin Cash, but I think at the end of the day a coin only has value if it has wide acceptance in the community, mainly including the people who actually use it for transactions. I think Bitcoin Cash will fail, but in the short term people will try to see how far "greater fool theory" will go by selling their Bitcoin Cash coins while still holding on to their bitcoins on the main blockchain.

> want to retain their power by keeping all transactions on-chain in Bitcoin Cash

Exactly what power is that? The power to collect smaller mining fees?

Honest question - what's the status of Lightning? Core promotes it as the solution to scaling and it's essentially a page on github. Litecoin already has Segwit and no one is using Lightning. Am I missing something here?

colatkinson

Lightning implementations exist and are fairly usable (although I've found there is some disagreement on e.g. public key format for peers). Check out the following:

* Lit: https://github.com/mit-dci/lit * Eclair: https://play.google.com/store/apps/details?id=fr.acinq.eclai... * lnd: https://github.com/lightningnetwork/lnd * lightning-c: https://github.com/ElementsProject/lightning

Do these projects have the nicest UX? No. Is it fairly trivial to hook up a shiny UI to their RPC interfaces? Yes.

It's going to take a bit to roll out the infrastructure necessary, but a 1.7 MB block size is good enough until then. Especially if miners stop using ASICBOOST and mining near-empty blocks.