Satoshi Was Right, Bitcoin Cash is The Proof

4 509
Avatar for Pantera
2 years ago

Regardless of price, Bitcoin Cash is outperforming in various blockchain metrics.

Price is temporary and not always a clear indicator of progress and innovation.

Even mainstream platforms like Twitter faced difficulties in their beginnings, with low traffic, userbase, and profitability.

In a sense, Bitcoin Cash today is at a phase of creating awareness, attracting users, and developing the network for considerable adoption levels, unlike anything we've seen in the crypto "realm" so far.

BCH attracts demand as a digital currency, and its top sidechain smartBCH brings additional features with EVM compatibility. Soon smartBCH will achieve interoperability with multiple main and sidechains with the release of the Sha-Gate upgrade.

Bitcoin Cash today has achieved a breakthrough since it managed to scale without sacrificing security or decentralization.

Bitcoin Cash The Most Robust Blockchain Network

Instant transactions and low fees illustrate how a P2P Electronic Cash network should be performing:

BCH fees are just a fraction of a penny.

Such fees are the only acceptable level for any cryptocurrency. BTC fees are 20 cents today, but often reach $50 or even higher as transactions exceed the block capacity of 1MB.

BCH is a reliable network oriented to bring the best user experience possible.

Transactions don't get stuck in a mempool for days or weeks with Bitcoin Cash. Stuck transactions have never occurred in Bitcoin Cash but often occur in networks such as BTC, Ethereum, Polygon, etc.

Bitcoin Cash transactions are instant.

It is a secure and decentralized blockchain in all aspects. Mining, development, and decision-making are all decentralized. Not a single person or entity is in charge. Bitcoin Core is the only team of developers for BTC, constituting centralization in developments.

Bitcoin Cash was never 51% attacked, although, there is plenty of misinformation generated by anti-BCH misinformation.

Bitcoin Cash is Bitcoin, as it shares the historic transactions recorded on the Blockchain until the fork of 2017. The fork created two different blockchains (BTC and BCH) sharing the same history.

BCH upgraded the blocksize capacity, removed RBF, and proceeded with scaling, proving the side of Bitcoin Cash was correct all along, while the Blockstream side and L2 scaling solutions seem they still don't work 8-9 years later.

Bitcoin was scaling as Satoshi explained in a conversation with Dan Larimer back in 2010.

Besides, 10 minutes is too long to verify that payment is good.  It needs to be as fast as swiping a credit card is today.

-Bytemaster (Dan Larimer)

The current system where every user is a network node is not the intended configuration for large scale.  That would be like every Usenet user runs their own NNTP server.  The design supports letting users just be users.  The more burden it is to run a node, the fewer nodes there will be.  Those few nodes will be big server farms.  The rest will be client nodes that only do transactions and don't generate.

If you don't believe me or don't get it, I don't have time to try to convince you, sorry

-Satoshi Nakamoto

Satoshi was 100% correct:

Eventually, the BTC maxis extracted only the last phrase out of context, using it today as an emblem to support the "price go up" narratives, even though the whole conversation had absolutely nothing to do with price.

Furthermore, Satoshi explained the node argument was not that important to users.

It would be irrational to ask users to download the entire blockchain or part of it and run a node simply to operate a payments option. Bitcoin is a payments system, thus needs a user-oriented approach, a friendly UI, low fees, and speed in transactions.

Bitcoin Cash Does Not Wage Wars

Bitcoin Cash is the embodiment of everything Satoshi wanted for Bitcoin.

It develops towards fulfilling the original vision and ambitions of becoming a payments network independent of the banking establishment.

A decentralized blockchain payments network working as P2P electronic cash.

Some admirable individuals that used to work for this purpose abandoned BCH and moved on with speculative and centralized options such as BSV and eCash.

I still read some of their previous read.cash publications and find individuals that now seem lost in projects going nowhere.

Bitcoin Cash is a permissionless environment. I don't think the community will react negatively with those that used to be "assets" for BCH and want to come back. It is a personal opinion but a network that is expanding as Bitcoin Cash does, will need more skilled people willing to help.

Your work and professionalism will be judged again by the value you will bring to the Bitcoin Cash ecosystem.

I am convinced Bitcoin Cash will be there when you meet a dead end with your current choices.

Cover Photo: by TheDigitalArtist on Pixabay (modified)


Copyright Disclaimer:
All material published in this content, is used for entertainment and educational purposes and falls within the guidelines of fair use. No copyright infringement intended. If you are, or represent, the copyright owner of images used in this article, and have an issue with the use of said material, please notify me.


Follow me on:

● ReadCash ● NoiseCash  ● Medium ● Hive ● Steemit   ●Vocal ● Minds ● Twitter ● LinkedIn Reddit ● email

Don't forget to Subscribe and Like if you enjoyed this article!

31
$ 34.86
$ 26.17 from @TheRandomRewarder
$ 8.00 from @majamalu
$ 0.20 from @PVMihalache
+ 11
Sponsors of Pantera
empty
empty
empty
empty
Avatar for Pantera
2 years ago

Comments

True Peer2Peer payment options are still limited even with the crypto bloom. For me is hard to understand why some still think at Doge or Shiba as payments when BCH is statistically proven to be much better

$ 0.00
2 years ago

BitcoinCash is fulfilling the dreams of Satoshi Nakamoto, what is the purpose of cryptocurrency when it can't make life easier by using it for peer-to-peer transactions? The coin is speaking for itself and the time will come when the world would understand that BCH is the way, the truth, and what the future needs.

$ 0.00
2 years ago

I actually prefer BCH for transactions because of fast transactions and low charges

$ 0.00
2 years ago

Exactly BCH required a smart marketing . People knows about it , interested in it as recent survey from creptwerk.com where 35% people knows BCH by name and store value in Pakistan. Lot of individuals doing efforts in their territory but I am missing its massive wave due to our govt. Politics and policies. BCH becoming a brand where people will feel proud to be part of it .

$ 0.02
2 years ago