@arslankhalid
edited
BCH! and my Thoughts
After going through a series of changes, the BCH community gradually realized the importance of development as the last word. **Focus on external community expansion** BCH has experienced two major battles, one was separated from Bitcoin and the other CSW. In the past, we can often see the battle between the BCH community, the Bitcoin community, and the BSV community, hoping to let more community members support themselves. But in the past, the BCH community put too much energy on the struggle between the communities, and did not put all their energy on expanding the external communities. Now that the situation has been improved, the BCH community has been constantly trying to use BCH to do something meaningful, trying to get more people to accept BCH and expand the community. For example, the charity Eat BCH helps Venezuela by receiving donations from BCH With poor people in South Sudan, BCH volunteers are preparing to build BCH embassies around the world, and BCH houses are used to promote BCH to locals and so on. **IPF divergence makes developers pragmatic** The starting point of the BCH Infrastructure Finance Program (IFP) is to solve the problem of BCH development funding difficulties, but it has evolved into a struggle between BCH community developers. At one time, the outside world mistakenly thought that BCH would split again, which had a bad influence on BCH. However, this controversy also brought some positive significance and made BCH developers more pragmatic. Developers who were once high on the ground began to put down the shelf to actively communicate with community members.The gradual improvement of BCH infrastructure means that BCH will become more friendly and more talents are willing to use it. Satoshi Dice once expressed his willingness to donate 1000BCH, but the premise is to remove the 25 transaction confirmation limit. Although Bitcoin ABC did not delete it, it plans to increase it to 50, which is also a big improvement. **BCH is BCH, BTC is BTC** In fact, not many people care whether BCH is bitcoin or not, that is just a religious superstition, just to prove its legitimacy, and only belongs to a small number of people. The usefulness of BCH is the most important, and the BCH community is no longer entangled in naming rights and is beginning to find its own unique development principles. The application of BCH has also developed rapidly in the past two years. For example, smart contracts, SLP tokens, stablecoins, and payment have achieved good results. **BCH survival and development** BCH puts survival and development in the first place. The community no longer cares whether BCH is operated by PoW or Avalanche, because the avalanche agreement can make BCH more valuable and allow BCH to be confirmed. More secure, shorten the transaction confirmation time to a few seconds. This also paved the way for BCH to enter thousands of households. Of course, it is no longer superstitious to follow the "Longest Chain Rule". In order to better survive and avoid 51% attacks, 10 confirmed irreversible rules are adopted. This rule is to protect BCH from attacks. The BCH community is now doing more for survival and development. **In short, BCH future is bright .Please Less quarrels, more attempts, don't be afraid of failure.**
22 comments
i never knew that there are competition between digital currencies until i discover about the use of BCH , more convinient when it comes to processing transactions from wallet to other wallet destination and etc. I am pretty sure BCH will start to rise and supporters of this currency including me will also increase. just kind of advance . Love bch so much.
Btc has high processing fee and takes a lot of time to make transaction successful..bch is more convenient. We will wait for the rise of bch 🙂
yeah i have been collecting BCH on my wallet because i can sense that it will be soon next to BTC or ETh 😍😍.
You're right. The value of bch rises more often than Eth. I checked it regularly hahaha and convert to peso when the price is high 😁
yeah i think the trends of a currency is dependent to every users who use certain currency such as BCH or might be for every rate conversion made .
>BCH is BCH, Bitcoin is Bitcoin BCH is the ticker of Bitcoin Cash and BTC is the ticker of Bitcoin, so you should either write like this: BCH is BCH, BTC is BTC or: Bitcoin Cash is Bitcoin Cash, Bitcoin is Bitcoin
ok brother 😊
I might be wrong, but my understanding is that Bitcoin forked into Bitcoin Core and Bitcoin Cash. So .. Bitcoin Cash is Bitcoin Cash, Bitcoin Core is Bitcoin Core. While, the word Bitcoin is referring to both BCH and BTC. I'm not trying to start an argument, it's just that when I hear the word Bitcoin, I immediately think of both coins, with BCH being the more useful one in day-to-day life purchases. And BTC being an older technology that is losing usefulness. This is just my opinion.
Your thinking is correct but after the hard fork Bitcoin Core had the longest chain, the exchanges kept the BTC ticker and therefore all of them still use the name Bitcoin for BTC. By the way the same happened after the BSV split. But after the split some exchanges have named Bitcoin Cash ABC (BCHABC) and Bitcoin Cash SV (BCHBSV). Since ABC has the longest chain, BCHABC was then recognized by all as Bitcoin Cash (BCH) and Bitcoin SV as the new Coin BSV. I still have some unsplit coins. These are BCH and BSV at the same time, so they are worth more.
Good article and I want to see more implementation of Bitcoin Cash in Africa scenarios despite only using it to help in charity such in helping I South Sudan but with more concrete projects funded by prominent investors on the community directed to the development of BCH in Africa, less words and more work will be very positive to develop all the BCH ecosystem, SLP tokens and stablecoin issued on the BCH mainnet, I love Bitcoin Cash but somehow I feel that less job is done to make it more exposed in Africa, the future of Crypto is getting in that direction!
This one is really an informative article, especially to us that is only new on this kind of topic. I really don't have any idea of what is cryptocurrency before, but now, I am starting to learn and get information here on this website.
I am learning by reading this kind of article. It's helpful for a small trader or what's the right to call it.
I have no more knowledge about BCH. But after reading your article, I get some knowledge about this. Thank you.
In read.cash, we find many writers as lost since we will do as a Mexican movie artist, that nobody understands and hence the confusions, of the readers of those articles the artist has by name (Cantinflas), the writer must know To which public is addressed, which brings as a consequence, that everyone to whom it is addressed, understands what it means, that is a very common failure, in all those teachers, who bring an idea, for them, but that nobody understands them.
As much as what I've read about BCH, it is indeed keep on doing great things. BCH is being useful in different sectors like charities. It may take sometime to get known just like BTC, but soon, it will surely on top list. And people will really start to know the BIG difference between BCH and BTC. We'll just have to keep the peace between two community.
This is a very good move. I'm an old Bitcoin user, but when BCH was created, I saw it as the free will of some developers. After all those years, I still, see religious attitudes, and investment vehicle view. Cryptocurrencies, are a form of payment, and it is good that the BCH community focuses on this.
@arslankhalid thank you for this useful and informative article. I have been aware of BCH for years but have never really understand the differences and distinctions between it and BTC, or the significances of them. Thank you for taking the time to explain some of BCH's history, its current situation and the outlook for the future. For one seeking to learn and understand more about the sometimes daunting world of digital currencies, your articles is very helpful. All the best,
First, thank you for expressing your thoughts! However, I have some things to say also. Some in agreement, some not. > Developers who were once high on the ground began to put down the shelf to actively communicate with community members This isn't correct. I've written articles for 3 years, and actively posted online. What did happen is that you started listening, and other people stepped up to help communicate also. > Satoshi Nakamoto once expressed his willingness to donate 1000BCH, but the premise is to remove the 25 transaction confirmation limit. I think you mean Satoshi Dice, and they never made good on that promise. The limit *was* raised to 50 already. > The usefulness of BCH is the most important, and the BCH community is no longer entangled in naming rights and is beginning to find its own unique development principles. I agree wholeheartedly > BCH puts survival and development in the first place. I'm not sure we are, but I agree that we should be.
Thank you for this article . I learned a lot in here about cryptocurrency. Hope to read more of article from you.
I enjoy reading this article very much. Together with other pioneers in this group, you explained clearly the future the BCH has , which is very beneficial to newbies like I do. Thanks so much !
Thank you for sharing your thoughts and how you express what you are thinking about bch or BTC. I got new information about bch and BTC. Now I'm more and understand bch survival and development. Thanks a lot for this information.
Thanks for this article.