"BCH is the real bitcoin" is one of the popular statements among members of the bitcoincash community. But the truth is that, not everyone who hears it regularly or even say it know the true meaning or the underlying cause of this particular statement. When I heard it the first time, I saw it as a rebellious saying or just something one says to hype a project he/she is blindly in love with. But when I got to understand the reason behind it, I became one of the top users of this statement. This could be thesame for any crypto user who got newly introduced to bitcoincash.
Why this statement may sound a bit odd the first time is that, many crypto users got into the crypto world through BitcoinBTC because of its popularity. Therefore, BTC is the Bitcoin they know and believed to deliver all the promise they have read about Bitcoin. And when BTC fails to meet up with their expectations, they tend to regard Bitcoin as a disappointment or just a digital gold and nothing more. But that is because, they do not know that the real Bitcoin is not BTC but BCH.
It is not a baseless statement to win an argument
When you make this statement in a group made up of BTC freaks, it stairs up a lot of argument and name callings without actual fact to dispute it. But the truth is that, this statement is a proven fact and not just a baseless saying to stair up or win arguments.
If thesame statement is made among a group made up of crypto users who do not have special affection for BTC or BCH, and those who are newbies to the crypto world, they would see it as rebellious like I did the first time.
If it is made among BCH lovers who do not really understand the meaning of the statement, they would love and adopt it as just a motivational statement and maybe a statement that could help them win arguments against BTC marxists. But without understanding the underlying meaning to the statement, one could get stuck in a heated argument because the right words of defense would be unavailable.
The statement could be validated with the following facts.
BCH has been in existence since 2009
Firstly, it should be known that, BCH reserve the right to be called Bitcoin because it has been in existence since the creation of Bitcoin in 2009. Therefore, BCH was together with BTC called Bitcoin untill the fork in August 2017.
BCH needed to fork off because the developers had foreseen the impending danger that awaits Bitcoin if both BCH and BTC continue to exist together. They saw that BTC was being polluted and if it continues to exist together with BCH, the purpose of Bitcoin might not be achieved and the dream and efforts of Satoshi Nakamoto to establish a pure peer-to-peer version of electronic cash would go down the drain. So, the fork happened and the real Bitcoin(BCH) was separated from the polluted Bitcoin(BTC).
Now, the name and the purpose of Bitcoin is preserved and is being carried on by BCH.
BCH carries the original traits
From biological point of view, if a cell division occur maybe, during embryogenesis, the cell with thesame Gene combination as the original cell would be the one to continue with the same function as the original cell. The others would migrate to different locations to perform entirely different functions. This is the case with BCH and BTC. BCH is currently functioning as the peer-peer electronic cash which is the intended function for Bitcoin while BTC is serving as digital gold or whatever. which means, BCH is Bitcoin, BTC is not.
In order not to be too abstract, these are some key qualities expected from a pure peer-peer electronic cash proffering solution to 3rd party involvement and double-spending during payments.
Low transaction fee... BCH has this quality, same can not be said about BTC. Therefore, using BTC for payment causes double spending.
High transaction speed...BCH is an epitome when it comes to this but for BTC, you would have to sleep and wake up before you receive your payment.
Complete decentralization... BCH is completely decentralized but can same be said about BTC now?
The first 2 are very easy to understand by simply making a payment of same amount with both BCH and BTC.
The lack of the above qualities takes BTC from the Bitcoin white paper and therefore disqualifies it from being referred to as Bitcoin.
If the mysterious Satoshi Nakomoto is somewhere right now, he would be pleased with and Support BCH to be the real Bitcoin Rather than BTC which has totally changed the intended purpose of digital currency to become unusable.
I felt it same too because the market cap rises exactly the same