Bitcoin Core: A Store Of Value That Doesn't Work

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Fun days, but I'm beginning to think, this was it and I'm not going to invest in this market any more, although probably this is what the Bitcoin maximalists would certainly want, to have everyone else disappear and allow the BTC scam move without much resistance.

BTC is a long standding scam, having no orientation to displace the dollar which at some years looked possible. The scam is the store of value claims that make it seem like an opportunity to buy at any time and not sell until it reaches a million dollars.

But all those saying it will be one million dollars are those holding too many

Why Bitcoin Cash is Right About Everything

Everyone telling it is a store of value is lying and don't understand Bitcoin. Also anoter lie is that first Bitcoin has to secure this title and after it does it will become money.

Some think it works this way, but it doesn't. Basically, nobody believes it should like that, since it defies logic to have this position.

Imagine if money needed 10 or perhaps 20 years to finally become easy to use.

No, this is basically not very thoughtful think to say. And the Bitcoin maximalists moved a step forward to claim that Austrians thought that first comes store of value and utility did not matter.

This is not quite right, either. Once again, the Austrian economics did not discuss money in an approach that it would be decentralized beyond government control.

They claimed money should be backed by gold, and not trust as it happens today but still money will be controlled by government. So, references to the Austrian economics from another era is not close to describe modern money.

The Austrians anyway never said you have to pay $100 in each payment as fees to a miner.

What did a miner represent in the example of a government? Taxes.

Taxes also add to security. For a nation that is under constant threat taxes elevate higher since the nation has to sustain a better army. Although, the hostile nation sustains a higher budget for wars, it is planning to begin. And the other nation has to defend against adjust invasions.

Now, some wars are complicated, and all invasions could have been avoided but most weren't.

Let's forget this part and not link it with the recent war between Ukraine and Russia.

Generally, taxes fund wars of massive scale. Taxes fund armies and armies create havoc. Where it begins? Of course in the hostile nation governed by irresponsible authoritarian dictators. Or perhaps democratically elected presidents that planned a terrorist attack and as an act of revenge occupied nations in a different continent.

Forget this part too. Bitcoin has taxes, but what works better is what matters.

BTC has fees that under network pressure go as high as $100. Bitcoin Cash fees on the other hand are always lower than one cent.

Security of the networks? Practically the same. None of these two networks has been successfully attacked. Bitcoin Cash exists for five years, if anyone things it is not secure, then why hasn't an attacker successfuly reversed blocks and stolen BCH?

Finally

Bitcoin Cash is correct to claim the Bitcoin title, since the whole project inception is based on Bitcoin acting as money.

How some think debating with empty arguments and zero logic helps their cause probably has to do with the field of psychology and the mass manipulation techniques forced onto the population to behave according to the will of a few.

Tell you what, Bitcoin Cash is the people that use it every day, the developers that code every day and everyone else creating with this blockchain.

And Bitcoin Cash people are not sheep. Why do you consider that nobody from Bitcoin Cash moves back to BTC. Like, nobody literally, says I was wrong I will move back to BTC and Bitcoin Core is right about everything.

Those that left Bitcoin Cash, joined other venture. Did anyone of them ever returned to Bitcoin? They all hated what Bitcoin has become.

Everyone leaves BTC and never looks bad. This bad Core has become.

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Comments

Funny thing is, BTC maximalist spreads that BCH is the scam and not the other way around. I'm relatively a novice in cryptocurrency, but ever since the first time I heard about BTC, it was a form of peer-to-peer payment. But BTC have long deviated from that purpose. They treat BTC like digital gold and not currency.

I love the last image btw. BCH to the FUTURE!

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1 year ago

I think what we need now it to take it slow on bitcoin and watch it recover. Im quite hope full it would bounce back again.

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1 year ago