Bitcoin Cash vs Bitcoin - How BCH beats BTC
Bitcoin - The reality; plain and simple Bitcoin is currently controlled by a cartel of economically illiterate charlatans who believe that Bitcoin should be little more than a decentralized digital piggy bank. In the past, I laughed at people who said Bitcoin was a Ponzi scheme but it’s hard to look at the discussions going on in the Bitcoin community and think it’s become anything other than that. It’s absurd, dinosaur transaction fees and times make it almost unusable as a daily currency and accordingly it’s price seems driven by nothing but FOMOs throwing money into it. The Bitcoin community does not seem to care much, at least the vocal ones. I personally did not get excited by Bitcoin when I heard about it back in 2012 because I thought it was going to “go to the moon,” but because I believed that a fee free, decentralized, inflation proof, uncensorable and semi-anonymous monetary system would bring about a global revolution in human freedom and wealth. Nowadays, it’s not uncommon to see Bitcoin supporters tell us that we should “just use Visa” for daily transactions and Bitcoin store our money, not spend it. This is an egregious abdication of the original vision of Bitcoin. BCH - What makes it better than BTC Bitcoin Cash offers what I think is the closest option to Bitcoins original vision outlined by Satoshi Nakomto and it’s community will not tell you to make the false choice between a store of value and a “spendable currency.” Its fast, low fee, and I expect it will achieve rapid adoption by businesses in the crypto space. It has the potential to change the world in incredible ways. Final Verdict Should you buy Bitcoin or Bitcoin Cash? That depends on your crypto investment philosophy, I suppose. Mine has always been and will remain based in real world use cases. I’m not interested in accumulating digital bits just because I think they will “moon.” You might get rich, you might not. You’ll be an idiot either way. I want things I can actually use in the real world. Accordingly, I’ve moved my Bitcoin and other crypto holdings to Bitcoin Cash.
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