50% BTC Dominance on BCH on daily transactions: Should we be worried?

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Avatar for Kraine
Written by
3 years ago
Topics: Bitcoin Cash, BCH

BTC dominace on daily transactions long way ahead against BCH long before. Not until a flippening of daily transactions happened when noise.cash was launched.

BCH started to flip BTC on daily transaction on the first week of February and the main reason is noise.cash microtransactions.

Some BTC maxis on the majority of social platform criticize that this was not real, a manipulation.

So is it a manipulation?

Definitely not. Noise.cash was launched to introduce to the population how powerful Bitcoin Cash is.

  1. Noise.cash proves that Big block size is the real solution to BTC scalability issue. Higher number of transaction without delays and still with low-cost transaction fee.

  2. Noise.cash also proves with its microtipping features that it serves the whole population, not just only the 1%. Microtipping with BCH only shows that it can be a medium of exchange which is impossible for BTC to do. Bitcoin cash can be use by ordinary people on their daily expenses.

  3. Lastly, noise.cash was developed to invite more people to the Bitcoin Cash community. By experiencing first hand the fundamentals of BCH, it will be a matter of time that this person will learn to adopt.

Noise.cash wasn't developed to manipulate the figures.

50% BTC Dominance on BCH on daily transactions

In the past few days, BCH daily transactions has drastically declined resulting to 50% dominance of BTC over BCH in terms of daily transaction. Why did this happened?

It is because of the recent update on noise.cash wherein you set up a minimum amount and will be automatically be sent to your wallet if it's reached.

So this is the question that everyone might be asking. If they knew that this update will have an outcome like that on the BCH network activity, Why did they still do that?

  1. As mentioned above, noise.cash wasn't developed to manipulate the number of transactions. It is for BCH awareness activity and the effects it have on the BCH network is just a coincidence, i think.

  2. The recent update is to eliminate the high consolidation fee by batching those microtips into one. I think noise.cash and the @MarcDeMesel wanted to give more to the users by eliminating the high consolidation fee. This only shows that they care more for the people on the platform and not on their personal interest.

The numbers are down, shoud you, I or we be worried?

Number of daily transactions might be declining right now but the purpose of noise.cash to bring Bitcoin cash awareness to the population has been a huge success. So there has nothing to be worried about.

Remember that the goal of BCH is to be a sound money for the world. So the target is the people. Show them the fundamentals and how powerful Bitcoin Cash is, and adoption will follows.

And with the bull run ongoing right now with Bitcoin Cash, should you be worried?

We are still on the second quarter of the year 2021, Bitcoin Cash is still undervalued. So buy more, earn more. $3,000 or $4,000 per Bitcoin cash at the end of the year.


This article is just based on my own observation. If you wanted to correct some of the details here, feel free to leave a comment down below.

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Avatar for Kraine
Written by
3 years ago
Topics: Bitcoin Cash, BCH

Comments

Not worried. BCH has strong fundamentals

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3 years ago

Sure it is

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3 years ago