Say bye to Bitcoin welcome the bitcoin 2.0 "Bitcoincash"

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1 year ago

Actually, Satoshi proposed the idea of peer-to-peer electronic cash system and actually decided to use Adam Back's hash cash system in building Bitcoin's code. Bitcoin was actually functioning as an electronic cash system until 2017, when bankers became interested in it and destroyed Bitcoin's true purpose. This dispute led to the development of a fork that would replace and be ready to follow Satoshi's idea, and also a better fork that would actually be better than Satoshi's proposed idea but wouldn't go against the true aim of Satoshi (low fees, instant transactions).

Making Bitcoin a store of value is actually the aim of greedy maxis. Buying more Bitcoin and keeping it is not taking Bitcoin anywhere, because shrimp are actually interested in trading with Bitcoin and are not ready to use it as a store of value.

Eventually, the quest to go after a better coin that would make transactions between peers easier and most especially a coin that would have a better block size than Satoshi's intial coin that would eventually make transactions easier and faster.

"it was designed for low-fee, borderless transactions."

Actually this theory ended in 2017 and led to the forking of Bitcoin.

" Bitcoin became a gold coin" calling BTC "digital gold" or "store of value" is quite generous to maxis.

Clearly it does not store value well, and there is nothing unique about it like gold stands out from other metals.

It was degraded to be a pyramid scheme on top of a dysfunctional network.

"is performing exactly what is described in his white paper, despite not being built by him." -Bitcoincash

Actually, the bitcoincash codebase differs from satoshi's original code in optimizations, improvements, and scaling.

It's better to think about it as a branch of Satoshi's original codebase and the UTXO set of Bitcoin up until the fork, which was activated to preserve the qualities of satoshi's bitcoin.

"Adam Back created a proof of work system that limits spam in email and also while sending.

This is how the peer-to-peer network system works."

The proof of work algorithm is just a part of what makes Bitcoin work. The more important aspect is the fundamentals enabled by cryptographic processes.

"The diabolical ambition to develop a coin that would outshine Bitcoincash due to the introduction of reduced fees to the crypto market resulted in the formation of the Bitcoin Satoshi vision BSV> split of Bitcoincash."

Actually, Craig Wright the proven liar and his cabal centralizing around nchain tried to subvert BitcoinCash. The outcome of their failed attack was the BSV-BCH split.

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