Bitcoin Maxis Just Love Their Fiat (USD, EUR, AUD, ...)
Developments are underway for Bitcoin Cash and the upgrade in May will offer some interesting changes (native introspection and bigger script integers) to support smart contracts on the blockchain and make the development of applications on top of Bitcoin Cash easier.
This is the software upgrade and the core developers upgrade, next to this, we also have developments on smartBCH with SHAGate and decentralization.
As I said in a previous post, these are some important developments, that if happened on Cardano instead of Bitcoin Cash the Cardano investors would have smashed their keyboards spamming thousands of messages everywhere about the superiority of Cardano and Charles would be live interviewed by CNN for his incredible coding skills and omnipotence.
Bitcoin Cash price is still struggling and if this was developments in the Cardano network, the price would be making so much noise attracting every pleb investor putting their life savings on it.
The Fiat Maximalists - BTC Crowd
There are still so many investing ignorant of the cryptocurrency they bought, without ever having used or downloaded any software besides the exchange they bought this crypto.
Criticism towards Bitcoin Cash is mostly coming from the most insignificant plebs, those that think they have something to say but no essence other than denouncing development. These fools only listen to other fools that reproduce some crazy ideas about Bitcoin Cash but do not even want to see the pithole they are in today.
Barely they respond with a case, usually the only case is about the price difference between Bitcoin Cash and Bitcoin but they tend to overlook all advantages of Bitcoin Cash.
Most of them are lying about their intentions, I would have no problem to interact with anyone having studied and believing in the technology of BTC, even if this is LN, which seems to be too centralized. I would listen to anyone that did not just had personal interest of selling for more dollars when price reaches the targets of these Bitcoin holders.
It is not difficult to recognize these people have dreams of wealth, but this wealth is based on USD.
Bitcoin maximalists love their fiat currencies, either this is USD, CAD, EURO, AUD, or any other government issued form of money. A few admit this and just trade to make more fiat. Most of them, will just hide behind the narratives, accuse the FED and Central Bank, promote El Salvador as progressive nation accepting cryptocurrency as cash, but will only care for BTC and how every event can create better chances for a pump.
Having read, asked and discussed with BTC maximalists in the past, they were always in BTC for the fiat money. Not to make BTC a payment network massively adopted as a mainstream decentralized P2P electronic money form, but as an instrument of speculation.
They glorify the fiat value of BTC but disregard the flaws and mistakes made by its development that stopped its progress.
The only reason anyone is in Bitcoin today is for the fiat. More fiat is better. The Bitcoin maximalists are just in love with more fiat instead of looking at BTC and making a decision that it is not a working network that can keep going for longer than another decade without everyone completely abandoning it.
Finally
Let's just say you are not a Bitcoin maximalist but you just enter the world of cryptocurrency today, and you are not driven by profit, but you are genuinly interested in this technology, because you find it to be revolutionary and you have read somewhere that crypto is the future of finance.
There are all these options for you, and you just want to test some of the top. You grab a few BTC but the fees to transact are too damn high. You grab a few ETH, but as you start reading you find the fees even higher.
You read that Musk is a Dogefather and buy some Doge, but you later learn that Dogecoin is mined by Litecoin pools and maybe this happens to protect a network that is weak otherwise. Maybe Doge is not that decentralized but also is slow and has some fees that you thought you should not be paying. They told you it is cheap but 60 cents is considerable.
Then you grab some BSC, SOL, ADA, Matic, XRP, XLM, you just find that each one is centralized within the foundations created by private entities as Cardano Foundation, Stellar foundation and all the rest. Maybe you find out after a while that some networks can even shut down for a few days, just because they couldn't handle traffic!
Then you look again at the market and find stable coins. USDT, USDC, UST, whatever else there is. And you think, this is great, but again after a while you learn these are all centralized because the smart contract coding allows the dev (founders) with access to block funds inside a wallet! And you think, why should I use a crypto bank instead of my own one. If someone can freeze funds, then this is too risky if this is someone under investigation by financial authorities (Tether, USDC).
And after weeks or months of researching, (if anyone has not yet quit and exit crypto) you find Bitcoin Cash.
Which is the cryptocurrency as you expected it to be. No third parties, no pre-requirements, no bullshit narratives. Money for the world.
Now all this is the adventure of any newcomer as researcher/investor in Crypto today. It takes months but when they find Bitcoin Cash.
If someone is not in crypto about fiat, then they keep looking and find Bitcoin Cash.
Those that worship the dollar and don't give a damn about their financial freedom or the technology and the impact on finance, they come and go, like a quick gamble on a roulette table.
But as just they worship fiat, they will be on the Bitcoin Cash side once the investors wake up and stop being sheep.
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Can't wait for the development.... 😍