Just a ramble: when do we stop seeing BCH through the lens of BTC?

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Avatar for Fexonice1
2 years ago

The terrible reality that is very much present in the Bitcoin Cash community is that we are still very much controlled by greed, just as it is in the general crypto space. I’ve been here for two years now, observing, learning, and writing about BCH most time during this period. I can attest to the fact that the awareness of BCH has grown tremendously across the world, but there is still something that I keep wondering about today. It’s an obvious reality in the Bitcoin Cash community today. Many of us are still terribly being controlled by greed, the same way with BTC maximalists. It’s something we must think about because we are all interested in the application of BCH.

It bothers me to see only a few people are actually concerned about the incredible monetary revolution of BCH that is capable of changing the way money works in the world for the better. Just imagine what you have got with BCH. You now have encrypted, peer-to-peer hard money that is not tethered to any central bank for the first time in your life. A perfect alternative to the flawed and monotonous financial system we are dealing with in our various nations. This is something that should give us hope for a secured and free financial experience in the future.

Even so, most people still act too irrational and get fixated with market price movement rather than hope on the impacts BCH will have on the world if it achieved mass adoption. We need to adopt the attitude of a student and strive to know more about BCH in comparison with the current financial system. You should be able to see the problems in the current financial system that BCH seeks to address.

Unfortunately, many people are still looking at BCH through the lens of BTC, just a financial investment. That's the terrible reality I see in the Bitcoin cash community today. Write an article on read.cassh today about how BCH is sound money, and a better alternative to using Fiat money, and you will see the responses you will get in the comment section. It will not be more than how the price of BCH has fallen by 75% in the last three months or comments asking when BCH will reach $1k again soon.

It truly pains me when I see people in the Bitcoin cash community respond to BCH news as if it were BTC news. For example, you can easily find comments on Reddit such as: "Oh, BCh lost 25 percent of its value," or "BCH is going to $100 soon." This is the very reason why the vast majority of people do not want to support BCH, and frankly, I do not blame them. The entire BCH community should take this seriously, it's the only way that BCH can be taken seriously.

These are clear evidence that the majority still don't know much about BCH or they are still being influenced by what they see through the lens of BTC. You see these and you realize that it's still all about profit and losses. With BCH, money is not the end goal, freedom is. The ultimate motive to use a blockchain is to be free from the control of banks, and even the government. One crypto that holds true to this motive is Bitcoin Cash (BCH). Any other crypto is merely a means for another end that may not be in line with what Bitcoin was intended for. If you want to support BCH and build its ecosystem then always remember the fundamentals of BCH.

Although it's not a wrong thing to focus on the price of BCH in the short term, you have to make an effort to go beyond that. When talking to people about BCH, you need to emphasize that BCH is ways different from BTC, and should not be viewed with through the same lens. knowing the fundamentals of BCH and the problems it can sorved are what really maters.

I think that we should stop looking at BCH as an alternative to BTC. I don't mind the saying "BCH is the only crypto that works as money", but I do mind people who say BCH is "the real Bitcoin". The reason for this is that it implies that the Bitcoin Cash blockchain is a single-function network, and I don't think it is.

The problem is that anything called money changes over the years, and Bitcoin Cash blockchain has so much more to offer than just a store of value. The Currency, that is BCH may not make anyone rich, but it is good at processing transactions, because it's scalable and secured. Is it a coincidence that the two use cases are exactly what we need for a digital currency.

Nobody will be using most of the social media platforms we have today in ten years because they'll have moved onto decentralized apps. But there will be a need for a blockchain for these apps to run on and a need for a currency to fuel them so the currency needs to be useful.

I think that's enough rambles for today, if you believe and support BCH, see it differently from other crypto. Stop looking at BCH through the lens of BTC.

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2 years ago

Comments

I don't know if I'm guilty with it by looking BTC through the value pf BCH

$ 0.00
2 years ago

The reality is this: Cryptocurrencies are extremely volatile. Imagine buying BCH when it was at $430 not even two months ago. Now it is below 300. This means a huge loss in my capital in less than 2 months. In the end, if I need to go buy something in a store, even if that store accepts BCH, I would lose money right now. Cryptocurrencies have no value, we have to be realistic and accept that it is speculation that gives them that value. BTC was worth nothing in 2010, because it just isn't worth it. A pizza was bought for a huge amount of BTC even. Then, when people started buying BTC, money starts to circulate and whenever someone sells their BTC, they take someone else's USD. It is like a great Ponzi system, it needs new investors to keep it running and money coming in for its increase. At the moment that everyone wants to sell, no one can stop it, it will go to zero, and millions will lose their money, because not everyone can win. As harsh as it sounds, it is exactly so.

Unfortunately, the BTC moves the market and the other currencies continue their course, rising or falling a little in their % but following the same chart as the BTC.

$ 0.00
2 years ago

I am still confuse about this crypto terms. I am thankful for this article, slowly by slowly i could understand this terms

$ 0.00
2 years ago

The idea that BCH is viewed through the lens of BTC is true! Yesterday I emailed an app admin to add BCH to their payments. On the return of the mail, they replied, "We see that you are interested in Bitcoin". However, I wrote both Bitcoincash and BCH by pressing on it.

$ 0.00
2 years ago