The Analysis for Mini-Tweetstorm of Vitalik Buterin's Thoughts | BCH Academy
As of January 2, 2022, it's still close to the eve of celebration for the new year. The Ethereum Co-Founder created a mini-tweetsstorm inviting anyone to discuss Vitalik's thoughts. The main conclusion of Vitalik is the issue of the founding community and how the technology developed from Bitcoin Cash.
Thank you to Vitalik who has provided an open discussion space with the equality of every human being to express opinions in public, especially on social media, especially on Twitter which is a human right in accordance with the Universal Declaration of Human Rights.
As a scientist, I pay my respects to Vitalik who created ETH with a huge gas cost curse like Bitcoin Core (BTC). From Vitalik's point of view, the cost of gas reducing the potential of trading (buying and selling) in ETH is a small mistake that was born.
You know that any mistakes in technology can be developed and Ethereum researchers have found ETH 2.0 as a solution to the first ETH. Or, Vitalik could explain the cost of gas is the freedom of the person trading ETH.
Why loyal supporters of BTC and ETH Co-Founders don't mind the costs that are forfeited by transactions in BTC and ETH. No research is needed to analyze the opinions of these two groups.
Chekck this bro, Short answer:
The selling prices of BTC and ETH are still the best and trading these two cryptocurrencies is still in the top 10 of the crypto market. Data is the starting point, indirectly, BTC Maximalist and Co-founder of ETH told a tweet reader:
"Hey, look at the market price on coinmarketcap, you received a profit of $46,677 for 1 BTC and you received a profit of $3,817 for 1 ETH. and look at the $883,571,369,800 market Cap of BTC and $453,598,207,584 market cap of ETH".
After the progress of the results provided by the ETH Researcher, Vitalik confidently expressed his thoughts that: (1) call BCH mostly a failure and (2) communities formed around a rebellion claiming ETH is better than Bitcoin Cash.
Before I answered Vitalik's question, there was already an answer like this
Reply from @Jane
Now it's my part to answer, Lets go
The Forgotten Vitalik and ETH
We admit that the selling price of ETH is very high and much more profitable than the selling price of BCH. This reality must be seen clearly. If you get $3,817 for the sale of 1 ETH that's the same as you buy 1 ETH for $3,817.
So, you should know that the profit cannot be seen in terms of how much you receive when selling ETH. But, you have to see how much money you spend to buy 1 ETH. My answer is expensive, vitalik.
The second analysis is the gas cost that is forced to pay for each transaction included in the transaction on Uniswap. Either way, unfair transaction fees will create problems in trading.
This ETH professor named Vitalik forgot the theory about the purpose of blockchain and Cryptocurrency that had long been discussed by Satoshi Nakamoto. Ease of transaction and broad ownership.
Vitalik is a smart guy, I think so. Now, we will give a simple example. If there is a friend from Vitalik who is not a rich person, how will that person get 1 ETH? does that person have to buy ETH? Does that person have to mine ETH?
Another question, if you pay more for transactions in the normal world, you pay something for the price that comes from production costs, taxes, promotion costs, and distribution costs.
It is this problem that crypto must then solve. The problem is that in order to trade ETH, you incur gas costs which are taxes that must be paid. If the cost of gas is high, what is the difference between the transaction and the tax fee set by the central bank? Gas costs are discounts given to users for the benefit of others.
Answer from Bitcoin Cash
As I write this article, the price of Bitcoin Cash is equal to $431.35 with $8,172,356,314.09 Market Cap. It's more affordable to buy and store in bitcoin.com savings - and happier because there are no gas fees like gas costs in BTC and ETH.
To recall the idea of crypto as a solution from Satosi Nakamoto, Vatalik should have known about information that Bitcoin has a transaction processing speed of around 3 to 7 transactions per second, while Bitcoin Cash can process up to 200 transactions per second, which is the answer that Bitcoin Cash is not a product. fail.
From the point of view of how a transaction processing system works, Bitcoin Cash is the closest invention to Satoshi Nakamoto's thinking. Information from Cointelegraph will be vitally eye-opening that transaction processing for Bitcoin cash exceeded 9000 transactions per second and recorded a history of 16.4 million transactions in a single block in the middle of last year (2021).
Is there any other way to get ETH and BTC? No one can brag about Bitcoin Cash. Thanks to the support provided by @MarcDeMesel and Smart from Simon created ReadCash, the best platform for publishing any content.
Is there a platform like @Read.Cash that gives hope to users to earn ETH and BTC as well as ReadCash? I haven't found that platform yet.
In the past, there was Publish0x which gave a small amount of ETH, while Steemit gave Steem Dollars, and Hive.Blog gave Hive. There is no official platform from ETH that gives ETH to the users of that platform? Once again Mr Vitalik, you don't have ReadCash and NoiseCash yet.
@RogerVer Marc De Mesel and Simon are nice people. ReadCash and NoiseCash are solutions to earn Bitcoin Cash. From my experience last year, I once received $100 to $200 per month in Bitcoin Cash from ReadCash and NoiseCash.
This is the answer to a question from Vitalik about community. If the Bitcoin Cash community is a rebel group, I don't think so.
The Founding Community of Bitcoin Cash and the Community of Supporters of Bitcoin Cash and the Community of Readcash and the Community of NoiseCash are good forces and hold no negative views for anyone.
Lastly, I don't need to explain about #SmartBCH as a very sophisticated project. You can search for an interview about SmartBCH with Satoshi Angel for this or other articles related to SmartBCH.
You must read the article from @Pantera
Proof of Work Begins with Dwork & Naor (1993), Not Adam Back & Hashcas...
"Back" to Business! - Adam Back & Vitalik Butterin Bullish For Bitcoin...
Bitcoin Cash Obituaries - Seven Times Bitcoin Cash Was Declared Dead!
Final Conclusion
First, Vitalik doesn't need to look for enemies. Smart people with low profiles are more respected than arrogant smart people. The discovery of ETH 2.0 is a good thing, Vitalik should focus on it without creating problems with other crypto blockchains. The arrogance that attacked the community and Bitcoin Cash kept people from respecting Vitalik anymore.
Second, the fast transaction processing advantages and very low transaction fees of Bitcoin Cash solve problems that have existed since BTC and ETH were born. In other words, Bitcoin Cash came to solve a problem that Vitalik couldn't solve at ETH.
Third, there are 80,498 readcash users and noisecash users who are supporters of Bitcoin Cash and have benefited from Bitcoin Cash. How could we be rebels? This is not a rebellion, this community is a community that will develop into bitcoin cash adopters across the country from readcash users. We're just waiting for time.
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If you have time to read the article, please read my previous article:
Fifth article in 2022 and 181st article since January 2021
January, 04, 2022
Thanks.. Vitalik is just worried about what else bch and smartbch can do