Show Me What You Got!
How Bitcoin Cash Outperforms The Competition In Every Metric!
Besides Bitcoin Cash, a few more cryptocurrencies have a decent prospect, but as we slowly find out, most of them suffer from centralization, lack of scalability, or poor decisions.
Take a look at Dash, for example. The network was down for 13 hours after its latest hard fork. Yet, somehow some people claim that Dash, a modified PoW/PoS hybrid with master nodes, is an equal or even better choice than Bitcoin Cash.
Not even close.
Won't bother to discuss a lot of Ethereum clones like Solana, Avalanche, Polygon, and other SBF and 3AC investments. Bankrupt centralized vaporware with an on/off switch.
Cryptocurrency is untested territory for most investors. The fund managers supposedly researching this industry are probably not being honest or never understanding where the actual value lies.
Retail investors will only follow market hype generated even by mainstream news channels like CNBC and Bloomberg.
Marketing established BTC and ETH as the future of finance, but clearly, both these top-valuated networks suffer from scalability issues, unable to meet demands for massive adoption.
Hype only guarantees poor investing decisions.
Instead of following what the mainstream suggests (BTC and ETH), other factors will decide the winners of the blockchain domain.
Where Bitcoin Cash SHINES
Bitcoin Cash outperforms in all the metrics that matter:
Decentralization: Censorship resistance, self-custody, no team in control (decentralized in all parts). Nobody can freeze your funds or restrict your financial needs with Bitcoin Cash.
Speed: instant transactions (no-RBF, no need for L2s, 0-conf).
Low fees: Nobody checks BCH fees when transacting. Always less than $0.01 (reliable). No extortion with fees markets and RBF shenanigans.
Security: Backed by a decentralized network of miners.
Constant innovation: Blocksize reasonably following the latest technology.
On-chain Smart contracts with Cashtokens (NFTs, DeFi, Financial apps, Oracles, etc.)
Quality Of The Community: The price matters, but it is an effect of developing a fast, secure, and reliable network for payments and supporting upgrades that instill economic activity.
Vision and Ethics: Merits that competing networks will never achieve. Bitcoin Cash follows the path Satoshi intended. A global adopted network. Without scalability, a network limits its purpose. Bitcoin Cash unleashes unlimited potential.
Utility trumps speculation.
The purchasing power of fixed-supply cryptocurrencies matters, but it originates in utility and an increasing network effect, not blind speculation.
Bitcoin Cash finds support from a wide community which includes devs, miners, and stakeholders/users, who adhere to Satoshi's intentions and the whitepaper.
Remember how it used to be when Andreas Antonopoulos used to tell us to study the whitepaper?
Yes, Andreas used to promote big blocks as well. Several more Bitcoin evangelists supported scalability, but, in the end, they set different priorities, each for their own reasons.
The OGs in Bitcoin Cash are purists who joined Bitcoin after understanding Satoshi's intention.
The creator of Bitcoin would be proud of what Bitcoin Cash has accomplished today.
What Bitcoin Cash lacks?
A decent price and a better ranking in crypto indexes
So, the current low price is the only negative Bitcoin Cash has.
Buying when prices are low is not the right strategy then. So, investors will probably wait until they find $BCH at a new ATH.
The price indeed suffered throughout 2022, together with every other cryptocurrency and Bitcoin Cash lost a few positions, but the market ignores utility when it ranks Bitcoin Cash next to ETC, ICP, Atom, and Filecoin. Undoubtedly, Bitcoin Cash does everything better than BTC's testnet Litecoin.
Regardless, the price has stabilized (for the last 12 months), and if we take into account the recent rise of BCH transactions, perhaps the price will begin increasing rapidly soon.
(source)
Daily transactions are increasing rapidly, reaching 174,000 (on May 24th), one week after the CashTokens upgrade.
Network fees didn't budge. Bitcoin Cash fees remain reliable, lower than a cent (in fact, lower than a tenth of a cent!).
In Conclusion
Sure dumb money (institutions) will join again and fund the next Tera Luna and Solana. After they decide they were misled into buying scams and not-working centralized company stocks, they will try to pump them with the usual aggressive marketing while exiting at the same time.
Those investors that do actual research will try to learn a little bit more about what's going on. If you are looking for the era of Metaverse, you should demand speed and low fees beyond.
Bitcoin Cash works flawlessly for several years and innovates while all the rest base their expansion on marketing and PR instead.
One thing we ought to learn is that marketing (usually) promotes worthless products and ignores those with the best value proposition.
Those that seek wisdom and the "core" values of cryptocurrency will find them in Bitcoin Cash.
Lead Image (background) on Pixabay
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While BCH is continued to be undervalued, I believe, more merchants prefer to use BCH as a form of payment. Which is the main goal of Nakamoto.
Hopefully, I could start offering some online services and accept BCH as payment soon. :)