There is an old saying that goes like this: if it looks like a duck, walks like a duck, swims like a duck and quacks like a duck, then it is a duck. This Duck Test can be used for know which is the real Bitcoin.
“The test implies that a person can identify an unknown subject by observing that subject's habitual characteristics. It is sometimes used to counter abstruse arguments that something is not what it appears to be”.
Today everyone calls BTC, Bitcoin.
They call Bitcoin something that is not a peer-to-peer electronic cash system. They call a cryptocurrency with up to $17 fees, the money of the future. They call…
Everybody calls Bitcoin a BTC. So all these people must not have spent 5 minutes of their time to take the Duck test. (Abductive reasoning).
I am going to help you!
First let's look at what a Bitcoin is and how it was originally devised. First of all, Satoshi Nakamoto titled his whitepaper " A Peer to Peer Electronic Cash System".
· 1) Bitcoin is “A Peer to Peer Electronic Cash System”. In the Bitcoin Whitepaper, the title says: Bitcoin: A Peer to Peer Electronic Cash System.
BTC: They say that Bitcoin is instead a digital gold or store of value.
BCH: Bitcoin Cash continues the P2P electronic money system that is Bitcoin.
· 2) Bitcoin is Supposed to Have Low Fees: Satoshi said, “We should always allow at least some free transactions”.
BTC: Next Block Fee: $17.60.
BCH: Next Block Fee: $0.0025.
Source: https://bitcoinfees.cash/
· 3) Bitcoin Was Intended to Scale “On-Chain”. In Satoshi Nakamoto’s second email, he explained how the network could easily scale without any major changes or additions to the network design.
BTC: The current BTC blocksize of 1MB.
BCH: The current BCH blocksize up to 32 MB.
· 4) Bitcoin Should Allow Instant Transactions.
BTC: The average time for a single confirmation has slowed down to between 30 minutes and even more than 16 hours.
BCH: 10 minutes.
· 5) Bitcoin Core Development is Centralized. Decentralization is one of the main tenets of Bitcoin.
BTC: There shouldn’t be one small group of people dictating how the network should operate. That is exactly what has been happening in Bitcoin.
BCH: This is the approach of Bitcoin Cash.
So... Which one is a duck?
Will Bitcoin Cash pass the Duck Test? They sure will.
Bitcoin Cash was started by bitcoin miners and developers concerned about the future of the bitcoin cryptocurrency, and its ability to scale effectively.
So when the term Bitcoin is mentioned in reference to BTC, let's take the Duck Test, and see which is the real Bitcoin.
Thank you for read!
Source info:
https://news.bitcoin.com/12-reasons-bitcoin-cash-real-bitcoin/
