The 14th Anniverary Of The Bitcoin Cash Whitepaper
P2P Cash is alive with Bitcoin Cash.
We celebrate the date of the release of the whitepaper, October 31st, 2008.
The whitepaper, by Satoshi Nakamoto, that describes Bitcoin Cash.
The Whitepaper
This is what we believe.
The whitepaper Bitcoin revolution is sustained today with the Bitcoin Cash blockchain and vision.
The Bitcoin whitepaper explicates Bitcoin Cash.
BTC no longer has any of the goals the whitepaper suggests.
Bitcoin Cash works perfectly as a purely peer-to-peer version of electronic cash.
All of us that use Bitcoin Cash know it allows online payments to be sent P2P without going through any financial institution.
We can keep reading the paper and discover how much from it the BTC community diverted, and how closer to the cause is Bitcoin Cash.
Satoshi Nakamoto explains with details how the transaction cost is increased with meditation and how his purpose was to limit the cost of transactions.
Without mentioning the term transaction fees, Satoshi evangelized a network out of control of third parties with fees that would be too low to even mention in a transaction.
Satoshi may or may not be alive, we might never find out. He dreamed of a digital currency to compete with the financial institutions and all those that found the idea interesting were gathered together to make it happen.
Internet money, not internet gold or a commodity.
**Bitcoin Cash is the Bitcoin Satoshi describes**
The fanfare we observe each November about the whitepaper with maximalists mentioning it is comical. With much difficulty they will only write one small sentence about it and move on like it never happened.
The outrageous claims of this group even asked for the Bitcoin whitepaper to change with Cobra proposing in 2016 amendments to the Bitcoin paper.
What many think they know is made up by the powers that destroyed Bitcoin as P2P cash and did not allow it to be united against the common enemy, the central banks.
This enemy is powerful enough to buy off devs, threaten and discourage honest community members, and alter the course of history in the making.
Bitcoin Cash increased the size of the blocks which was necessary as Bitcoin was expanding.
The scaling capabilities of Bitcoin Cash make it a ready option for worldwide adoption. We have a network ready and adoption reach will increase.
Reality is harsh. The bags are heavy when so many can't accept they were deceived.
Oblivious Bitcoin investors and traders command the narrative these days. Some seeming shocked and angry when told that BTC has nothing really to do with the whitepaper. The BTC brainwashing should be easy to locate and cancel, but there's too many in crypto displaying an arrogant contempt for the reality they don't want to face.
14 years later only Bitcoin Cash is embodying the shape and ramifications of Bitcoin's whitepaper.
Bitcoin Cash believes in the whitepaper. A paper Blockstream does not deserve.
Thank you @majamalu and @btcfork for the tips and the rest friends!
I will be here more often henceforth
I Own Bitcoin Cash And I Am Happy
Bitcoin Cash is hope. A hope for a better world a better tomorrow.
I only have Bitcoin Cash and some cash on the sidelines for security but I hold no stocks or gold or anything else at this time. Not holding other cryptocurrencies, no Ethereum, and no btc coin.
I wait for Bitcoin Cash adoption in all the world and if it doesn't happen in my place, I will move where Bitcoin Cash is accepted and people can live in Bitcoin Cash.
Bitcoin Cash is freedom we choose. The red pill we need to have as an option to be free.
It is there, and people can also earn it if they can't afford to buy it.
Treat Bitcoin Cash with respect because there is nothing else like it.
**Bitcoin Cash A 24/7 Money Machine**
For me Bitcoin Cash is all the money I need. I will gladly drop the rest of my fiat in BCH if we convince enough of the merchants, specialists and self-employed people to accept it.
Bitcoin Cash can't be stopped.
Noone can block a payment or transaction.
Noone can censor us and stop us from sending money.
Decentralized P2P electronic cash money working for a better future . Fiat currency kept us sleeping for too long, but now we see how much the central banks respect the people.
Inflation is making the poor poorer. All of it, the fault of the central banks and governments that keep asking us for blind statism support.
Bitcoin Cash Is Voluntaryist By Default
The reason Bitcoin Cash has so many opponents:
Rejection of totalitarianism. There is no government that can control it.
No force and no coercion, but respect to civil rights, pacifism, and non political means to achieve a free society.
Freedom begins with free money. Fiat in the paper and coins terms gave us enough freedom to bear with it for centuries, but it mutated and soon electronic fiat, the so called Cbdcs will be the only fiat money.
Central banks remodel money to strengthen bankrupt governments that grown into a monstrosity. Huge and disorganized with taxes growing and absorbing our wages and income.
We Will Own Nothing And Be Happy???
The World economic forum is out of control.
We will own nothing by 2030? This is their plan? To loot us from our properties steal our wealth and we should be happy about that?
What better way to tell it to our face they are going to strip us from our property rights and doom the last two or three generations in poverty allowing us only to have the bare minimum to survive.
I'm not against utopian dreams but no, this is not one.
It is a threat and a message to those that understand it. The WEF says this message is misrepresented and they dont' plan to steal our properties. They don't do a lot to protect our wealth and property either.
Trust them as we always trusted the people that did steal our property and reduced our wealth with inflation.
I own Bitcoin Cash and I'm happy.
They can't take that away from me.
Bitcoin Cash: When Bottom?
I love Bitcoin Cash, but the price declined a lot and it really makes us all wonder where the bottom in the market is?
I can't say with accuracy where this thing goes. I don't know why but Bitcoin Cash is down so much or other coins with less to show, less community but with ties to the Bitcoin (BTC) people are doing better.
Litecoin has nothing to show. Bitcoin Cash is having all this movement to adoption and tries to increase the network usage, but fails in a sense to stabilize the price or at least create some bounces. Bitcoin Cash is making important developments. Litecoin still discusses Mimblewimble, sigh...
Bitcoin Cash has a problem and I'm sorry to tell you this because I understand this community wants Bitcoin Cash to be money as I do too, but exactly right now it needs investors.
It has a price that without anyone buying or selling will just follow what the price of BTC, only always lower and lower.
Who sells Bitcoin Cash?
Did Jihan sell his BCH and for what reason? Jihan supports Bitcoin Cash and mined for one decade Bitcoin. He knows when to sell part of his Bitcoin, he wouldn't sell now.
Are any more whales selling and why should they? No, they are not, but when looking at the top wallets they only keep buying.
Maybe these are the exchanges that buy Bitcoin Cash and other cryptocurrencies for profit, buying the low price and they sell later as price keeps going up, but if so, these are not the investors we want.
Bitcoin Cash needs more active fans too. Way more, like thousands more that will be active every day in Twitter, Reddit. I hate to say this too, but Bitcoin Cash needs strong hands, not paper ones that will not care.
Has it found many of these yet? It needs about a thousand more that will consider it their duty to support Bitcoin Cash, and be a positive influence to others either in social media, or in their real life too.
How to find these guys? I don't know. Perhaps directly explain they will be rewarded and have more Bitcoin Cash if they are commited to Bitcoin Cash. I don't know how anyone can be comitted, but I can see those who are not. It is shame when many are just waiting for airdrops or big tips and looking at this blog but only just very few become dedicated to Bitcoin Cash.
Noise.cash is different. It creates transactions on chain and I'd like to see it like that again. I recommend returning to a previous system prior to the summing up to increase network activity. Maybe this can be accomplished by making mandator 5 cents as the lowest transaction, but I may miss some details with it.
Also, some flipstarters don't deliver and there a few I don't understand why we need them. I learned one day about a guy building his home with Bitcoin Cash. I checked his background, ok, it was a guy that used Publish0x previously certainly not too experienced with crypto but how this helps? Why building a house for someone in Africa helps Bitcoin Cash? Perhaps more will join with the same ambitions.
Are we going to build a house to everyone that asks for Bitcoin Cash?
A guy from Venezuela was scamming by claiming he was helping poor dogs. Certainly a scammer since he disappeared some days ago after just asked questions.
We have another guy creating a farm. I'm going to trust the community and the people that backed this guy, but I don't know how it helps.
Then we had that cringe Bond guy, that failed to deliver what he was paid for, and keeps coming back trying to test how he did.
We need infrastructure so developers that delivered for years can be trusted.
SmartBCH also needs support. Without a doubt it will certainly need to attract more investors.
Although, I know some investors that were not so excited to keep their investment at $1600 price of BCH, I am still very qurious why they didn't buy again some BCH when price dropped, or why they did not buy now and support a better price.
These are reoccuring Bitcoin Cash investors, and the community probably wants them since any investors are good investors, but it will be better to find loyal investors instead.
I don't want to name any but there are some that will be back in a year probably as I understood from what they tried to say. Those that sold one year ago. Exactly one year ago.
But until then what? Price of BCH will keep dropping until the same investors come back and buy for one year? I think Bitcoin Cash has to change this, otherwise it will only have a few pump and dumps.
And those bought at $500 or even $300 will be in pain?
Bitcoin Cash needs at least three or four big names that could make a difference. Names as Mark Cuban.
Some investors that can become iconic to Bitcoin Cash and reach the level of evangelists Roger Ver and Marc De Mesel. These guys attract investors.
It can be funds too, I don't like it either, but you can make suggestions then. Find a solution, because I'd hate it if everyone starts realizing that price actually matters and Bitcoin Cash should not go any lower.
What is your lowest level if you think price doesn't matter?
It is a decentralized permissionless network, of course, so nothing can be done centralized with an authority governing, yet, a lot can be done if there is will.
I'm bleeding lately financially from all my investments and Bitcoin Cash was one of my hopes. Looking at the price I see today $200 it is devastating. I've even read messages that price should be ignored, and we need not to look, but you are missing a point then. What is the bottom?
How is the infrastructure going to keep working if price drops more? Flipstarters are cool and helping, how many BCH can you keep paying if price keeps going down?
Find some investors as soon as possible.
Use your connections. Ver apparently has ties to Cuban which is amazing for Bitcoin Cash. I hope to see more and real support from Cuban to Bitcoin Cash.
Some from this community should find time and together with Ver meet with investment funds. Adoption is cool, but we need to back the price too. The price matters and I don't want to expand more into what will follow if price drops.
A team with Roger, Kui, Jihan, a Bitcoin Cash developer fluent in English to explain the technical terms and developments, perhaps John Nieri too if he is interested, can convince influential teams, and funds, on anything about Bitcoin Cash. Perhaps we all hate to talk to funds but it needs more investors that will care for Bitcoin Cash.
Just a few more investors backing Bitcoin Cash will create better sentiment and help the price not reach a bottom nobody will want to find. The lower we go, the more difficult it will be to recover.
Bitcoin Cash is the G.O.A.T.
Hello, Readcashers.
As the Bitcoin Cash price dips and the rest of my crypto follow the same course), those of us that love cryptocurrencies don't feel too great lately.
G.O.A.T. stands for the Greatest Of All Time, so don't misread it!
The price aggressive swings make it difficult to stay emotionally stable, so I've thought writing will help and communicate with this niche community will make me feel better.
About Bitcoin Cash, some use it for an investment, others use the websites that produce some Bitcoin Cash but only sell it and don't understand the pain of the investors, and others both try to use Bitcoin Cash for their payments and also hold a notable number in their wallet.
I've been doing the same for years, using crypto and promoting crypto, but also investing in it but in a way looking at crypto as the future standard.
Bitcoin Cash Strengths and Weaknesses
I begin with the weaknesses, not because it is priority, only because it is easier for me.
Bitcoin Cash has two weakness.
First. It is restricted to use with an **internet access**.
And this is the only weakness it has.
I find nothin else to be a problem to adopt Bitcoin Cash.
Yet, technology expands so drastically that soon every place will have cheap internet coverage, working fast to not create a problem.
Second weakness, it needs a **smart phone**. Some people don't have one, and some still can't afford to buy one.
There are still billions that can't afford a smart phone, and just two years ago this number was 2.5 Billion people.
With the pandemic, I don't think this number increased. A smart mobile is not the only problem, but the bills that these people can't afford come with a cost that is unbearable for them.
The average wage is not enough to buy a single smart mobile for billions of people and with the recent inflation problems, I think it will become a burden for more.
These two problems, internet coverage and cost of owning a mobile phone and mobile connection with internet data, become weaknesses for Bitcoin Cash, and probably all the rest crypto's too.
To reach two more billion people, this is a problem for all of the world to solve, and it can't ignore it.
The strengths of Bitcoin Cash are known to everyone, and I will quickly mention:
Top speed of transacting, paying, spending, transfering money
Borderless payments
Immutable blockchain, a transaction can't change, can't double spend, or be censored
Low fees of transcations, perhaps the lowest in all crypto
Has developers that used to be early in Bitcoin
Has interesting backers such as Roger Ver, Marc De Mesel and Kim Dot Com.
Is accepted in many places as we can find at map.bitcoin.com
Has thousands of fans, other cryptos don't have yet are valued a lot higher
Has smartBCH
I am in crypto enough to know most are not going to be with us for many years.
In the past we have seen cryptos hyping and becoming the next Bitcoin the next ethereum on and on, but as quickly they were rising the faster they disappeared.
Let's hope things will change one day, as Bitcoin Cash is one of the coins under the radar of some big players, and not for bad reason.
The prices drop for more than one year and some cryptocurrencies are again not treated equally to the developments. The powers that created a bubble with some alt tokens are now selling these tokens together with the BTC they held.
But the conditions for sustainable network growth in Bitcoin Cash are the best to invest lately. To succeed in crypto as an investor think differently and maybe do the opposite and looking years ahead. Not too far, but two or three years is when it should be so recognized it will be respected by this market.
Bitcoin Cash is better every year.
@bchzho
