While the BTC has embarked on a quest to onboard every social media influencer, Bitcoin Cash is having a more sophisticated approach, an approach that not only works for short-term gains in new users but one that will retain these users probably forever.
Noise.Cash is responsible for a very large percentage of the Bitcoin cash blockchain daily transactions.
Starting this December and only within a month, it managed to attract hundreds of thousands of users. Social media redesigned, giving power to the users, monetization by free tips, and tipping using QR codes.
The free tipping service at noise.cash is funded by no other than legendary investor and Bitcoin Cash advocate @MarcDeMesel .
With this article, I won't discuss the noise.cash platform itself, but how it managed to become a perfect marketing tool for Bitcoin Cash adoption and increase of awareness of the qualities of this blockchain.
Bitcoin Cash Transactions Superiority
This incredible marketing maneuver has propelled the Bitcoin Cash transactions into higher numbers than those of Bitcoin's network.
Source: Bitinfocharts
Bitcoin Cash is outperforming BTC in terms of daily transactions. This represents the usage of each blockchain network. Bitcoin Cash has been doing amazing since the start of the year.
Of course, it wasn't going to be better for Doge, when it comes to transaction numbers, however, it was Doge that was significantly pumped this year just because Elon Musk had his own interests in shilling this coin.
The Dogecoin latest influencer campaign made it known to almost everybody. It creates a terrible impression about the whole market having Dogecoin becoming so popular instead of other blockchains.
Source: Twitter
Bitcoin Cash has done a lot this year and is up by about 150%, however, semi-useless networks like Dogecoin, or not even released blockchain products like Cardano have outperformed BCH.
I've said again that I try to avoid price discussion, however, after looking at this chart I feel compelled to say that Bitcoin Cash is extremely undervalued.
A fair valuation for Bitcoin Cash with these market conditions would be a price around $5,000 - $10,000 and I will just leave this here, and not discuss price action again until BCH goes there.
With noise.cash it is proven that Bitcoin Cash is the superior network far outpacing competitors like BTC and Doge.
The fees and transaction times prove that Bitcoin Cash is the top network we choose to use:
Changes at noise.cash
Yesterday the developer behind read.cash and noise.cash posted this on Reddit:
Source: Reddit
We expect that the total number of transactions will drop after this announcement by the read.cash/noise.cash team. While this will be an improvement for noise.cash and increase user experience, it will still represent lower daily transactions on the blockchain and the numbers will go down.
It doesn't mean that activity of noise.cash will be lowered, but it will be done more efficiently and will lower cost even more. This is a positive update that will help noise.cash and all the platform users.
Also, it is important to mention that QR-code transactions are not affected and will be performed as previously. I've used QR-code tipping in the platform and it was a smooth experience, I am glad there is no change in it.
Final Thoughts
Bitcoin Cash today, is what Bitcoin was about many years ago when Silicon Valley was finding out about this new cool amazing financial technology. This time it is Bitcoin Cash, just because Bitcoin with the BTC version of it, failed to scale to reach mass adoption.
We tell our friends and family how to use Bitcoin and we send a few dollars just to show how this works. Each one of us that uses Bitcoin Cash just one time, finds something we need to tell others about.
Nobody will ever delete their Bitcoin.com wallets from their mobile phone after earning their first free tips. It will always be part of our lives, from the moment we downloaded it, and most of us will keep using Bitcoin Cash and promoting it.
The retention level of Bitcoin Cash users is 100%. Nobody sees interest to stop using the network.
Meanwhile, BTC is just about investors, buying at an exchange like Coinbase, a bank like Revolut, a stock app like Robinhood, or even PayPal. Except for the fact that these investors will never become real users, BTC is not attracting any real users anymore. Only speculators and only in custodial services.
Nobody has a BTC wallet installed anymore, nobody uses BTC and nobody even tries to send BTC with the unreasonable fees ranging between $20-50.
Source: Yahoo Charts
Conclusion
Noise.cash as well as read.cash with the intelligent investment ($4000/day) by Marc De Mesel, are absolute proof that Bitcoin Cash is working and maybe transaction numbers will drop but the fact remains:
Bitcoin Cash is the money of the future. Decentralized, borderless, permissionless, as Bitcoin is, but also instant, with low fees and the ability to scale and reach massive adoption as a currency.
Lead Image from: Unsplash (free download by Brooke Lark)
- modified using VisualWaterMark
Currently active on the following networks:
Brilliant, just goes to show how much more fire power is left in BCH, as opposed to BTC. BTC has just become a tool to hedge against inflation. But BCH is real-world utility and bring money into the pockets of writers and incentivizing them to talk about it. My $0.02 - Apart from Read and Noise.cash, BCH really needs to step up on their Marketing efforts. Its much needed.