Myth Bursting, Bitcoin Cash Decentralization Is A Theater

“Bitcoincash is a network on the block chain where you can run smart contracts, but the problem is it’s highly centralized and their advertising says that it’s decentralized and unstoppable and censorship resistant which unfortunately it’s none of those things. It is highly centralized, it has a network controlled and even though they pretend not to be there’s someone in place to reboot everything. But surprisingly, this is what we expect from a cryptocurrency that was intended never to be at the mercy of anything or any person or need permission to be used and cannot be taken over, co-opted or otherwise captured.

You cannot be decentralized without validities, the coin has expanded very quickly and could not handle the big transactions per second and you can’t compare this to several others out there. I’m saying there’s absolutely nothing wrong with Bitcoincash but this is the path that all smart contract coin have to follow.. I’ve seen nothing but excuses and apologies made on behalf of Bitcoincash and from all of the people who I thought knew what decentralization actually meant. There’s no reason newer coins in my opinion should be making mistakes Bitcoin hasn’t made in nearly a decade..”

“Do You I Look Like A Clown To You, Unsure Of What I Possess?”

[Image source]

In all of this put together, this is my response to these barbaric and cruel statements, I’m going to speak for myself if no one would..

Bitcoincash optimized for a secure, permission-less base that can’t be games or cheated like the proof of stake system that can suddenly be ripped apart in a split second.. These are final settlement where the good overtakes any form of contrast, it doesn’t just drop down without having trenches built into the system to resist the impact. Once you have this firm foundation then you can scale upon it, there will be layers of solution built easily on the network to deal with a lot of transactions protected per second.

These things can’t be looked over or neglected over few statement on the recent price margin or the fear of Bitcoincash falling below half its price at the end of quarter 4 or because it could be too fragile to keep moving above every barrier, and here comes the speculation.. Although when a system is centralized, it can be a good system and have a decent performance because there will always be someone in control and also have like a database for operation but the big clause is that it becomes the worst of both worlds, suffering continuous performance issues…

When a decentralized network becomes a theater, it’s so unsure of every detail.. there will be doubts in functionality and the tightness between investors is weak.. the main goal is to burst through this myth and have a conscious awareness of the true reality from the false allegations. You can’t tell me the reason why millions of people globally still make use of Bitcoincash even though such assumptions exists.

It shows truly the future impacts and the real defining attributes, it’s never like the recent happenings on the blockchain with short term outcomes in just few month after Launch.. where you’d see a pull or a massive drop, everyone under that influence counts losses.

“Is Bitcoincash a dead coin?” Some people say Yes! and while a few others say No! to this and I don’t see a lot of people talking about bch right now. Here at the end of 2021, it’s still kicking and trading at about $446 and I have some important things to point out in this write up and you need to stay till the end coz you’ll find something spot on for you. Introduced in 2017 BCH was looking like like it had a bright future ahead and back then there wasn’t too many competitors to bitcoin and use cases for crypto but things have changed over the years and people still wonder if we still need crypto’s like BCH around.

Bitcoincash is essentially a duplicate of bitcoin but it’s designed for peer-to- peer payments, faster transactions and lower fees but it seems right now bitcoin’s initial goal has changed and it’s more of a scarce asset which people like to hold and not really used for electronic cash so that’s why we have a fork called Bitcoincash.One good thing I like about BCH is it’s still pushing, it’s still kicking around and has become one of the top mined crypto’s and more developments happening on it invariably becomes trusted due to its qualities.. there are still a few new miners coming to mine BCH..

But one thing though, it didn’t reach its ATH’s like all those other OG Crypto projects. It’s moving similar to the other type of project just made for payment and now it seems everybody wants more and more innovative crypto’s that are doing so much more. That could be the reason why it’s being held down but maybe things will go back to the original simple things, when things where a lot simple in crypto.. The big question “What do we need to happen in order to see some upside price potential?”

So from this current level, I would say things are not looking good for Bitcoincash. We can see BCH continue to bleed to the downside and people begin to question these happenings. In order for this change, the value needs to be flipped and move above the average, maybe from there break through so many highlighted factors. And then we can see some form of Bullish potential, maybe in 2022 it can push past 2021 high’s and potentially above the current mark.

I do hope this was a clear analysis, and you literally just saw the way forward and then we don’t attack with wrong facts… I’m on the opposing ends and this taught me a huge lesson, ‘always do your own research’.. it helps a lot..

This is my fourth entry for the @SofiaCBCH myth-busting writing competition. And lovely greetings to the amazing Elves once again..

Slp Address: simpleledger:qq5addwprd556jsx4nvsaldcnn7vkrjndy6tmhagpp

SmartBCH address:

0x3c13dC5662d437de2a4102dA3B00A8f57d5e1E20

December 2021