Bitcoin Cash Convinced me to Stay in Crypto In 2020

The way the BTC maximalists promote the narrative is based on confusing and brainwashing beginners. It requires many more months (perhaps years) to realize BTC is a hopeless cause.

Maybe I stayed too long in BTC as I kept struggling with all the conflicting messages from the BTC community until I finally realized the Lightning Network was yet another marketing ploy to keep everyone occupied.

The Lightning Network is still the last hope for many BTC investors (hodlers), and they keep pushing this narrative as the ultimate solution.

Lightning is yet another failure that takes time for those trapped in a BTC mindset to recognize.

More Failures: Ethereum, Tron, EOS, Waves

Ethereum was my next stop while also partially researching and using EOS and Waves platforms.

The potential of smart contracts is still too significant to ignore. Of course, I wasn't going to use Ethereum as money, but in the two years between 2018-2020, I still performed thousands of transactions with ETH, ERC tokens, and NFTs.

Yet, Ethereum was also broken.

In April 2020, fees started rising, and Ethereum became a second disappointment following the same mistakes of Bitcoin (BTC).

Ethereum is a network worse than BTC, with slim chances of achieving global adoption.

I'm not interested in what VCs will pump unless it has potential. A successful business focuses on creating products for millions, if not billions of consumers. 

What is the actual potential of Ethereum when fees demand $500 or higher just to transfer a token or interact with a contract?

By the beginning of 2021, I had already offloaded 90% of my coins and tokens. Not for any other reason but mostly because I had lost hope in the crypto field.

I had lost hope in almost everything in the crypto field.

Nothing else convinced me to stay in crypto all this time but Bitcoin Cash.

And this, only after it kicked out with aspiring rulers. 

It also demanded more research to verify the purpose and the focus of this community which aligns with how I envisioned digital cash.

Bitcoin Cash contains the most serious and driven community I've encountered. Developers and top investors like Marc De Mesel, Jihan Wu, and Roger Ver work towards promoting the interests of Bitcoin Cash in a professional approach.

Back in the summer of 2020, after quitting Ethereum I recall visiting read.cash and studying a few Bitcoin Cash-related articles.

I read posts from some of the top advertised writers with articles centralized around Amauri, presenting him as the ultimate ruler of Bitcoin Cash.

It's no secret that I'm a vocal supporter of Amaury Sechet (aka Deadalnix) and his team at Bitcoin ABC. If you don't know who he is, he was integral in the creation of Bitcoin Cash

The above was the introduction in one of Cain's articles, containing a statement that pushed me away from joining read.cash, and Bitcoin Cash in 2020.

It seemed like a network suffering from division with "supporters" expressing their favoritism for one particular development team.

Nobody worships a single person in the Bitcoin Cash community today, but everyone works together towards achieving the same goal.

The network, its development, its promotion, and adoption.

The Crypto Market 

The Crypto market is like a bad joke. Where to begin, from MtGox, from the Willy Bots pumping BTC with nothing at all but imaginary dollars Karpeles was printing on his screen? Is Tether USDT any different? Is Bitfinex any different?

What about Binance, Bitmex, Bibyt, Bittrex, Poloniex, and the rest?

How about Kraken which in 2017 was unusable and was taking twenty minutes to enter a buy order. 

Is this proper infrastructure? Is the Binance Casino a serious business?

Inside traders buy massive volumes of tokens days before listing announcements and make easy money dumping upon listing on these exchanges.

BTC with all the clowns on social media with laser eyes? Clueless influencers with a limited understanding of basic economics are the major crypto promoters manipulating millions of investors.

Those that have the time to research and still follow reason will join Bitcoin Cash. The rest (90-95%) have never even used the crypto they bought.

The maximalists will become a joke in the future.

Financial history will contain the BTC topic as part of the all-time greatest financial swindles.

It will explain how a bunch of uneducated fools promoted a dysfunctional network as the ultimate financial asset.

BTC will be a big LOL moment taught in future financial lessons as an example to avoid.

Irrational negativity shunning innovation and working products will always lead to financial mistakes that will haunt the maximalist investors.

This so-called industry suffers from producing value for the world.

And instead of promoting the valuable and working products it has with one of them being Bitcoin Cash, it massively opposes them, shorts them severely, suppresses any adoption or development news, and ultimately destroys their price.

The exchanges operate as a modern digital mafia with Bitfinex, FTX, Binance, and more delivering Casino Finance to the sheep traders.

Wondering why 90% of crypto traders lose money? It's not even 90% but more like 99% instead. It's a rigged game.

When a sheep hangs out with the wolves, WTF are you expecting to happen.

Crypto presents itself today as the future of finance but proceeds as the future of finding exit liquidity for the whales.

If there is anything else at this point as honest on its purposes as Bitcoin Cash, I'd love to be part of it, however, almost everything else at this point is simply a financial joke.

Conclusion

Bitcoin Cash convinced me to stay.

Despite losing confidence and abandoning multiple projects for various reasons, I knew there should be something worthwhile left.

I anticipated more from the 2017 investors to get educated and realize they've been fooled with BTC, yet, most worshipped the dollar instead of realizing the true potential.

Today we would be talking about a very different financial environment with Bitcoin increasing its share in the payments market and challenging the dollar's hegemony.

Bitcoin Cash resumes Bitcoin adoption as P2P cash and is one of the few cryptocurrencies left promoting individual economic freedom.

• Cover Photo by " LeandroDeCarvalho" on Pixabay

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