Bitcoin Cash BCH is a store of value and digital currency.

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1 year ago

The store of value narrative that Bitcoin Core supporters use is nothing more than smoke and mirrors to fool new users into buying and holding Bitcoin BTC and provide a cover to justify the high transaction fees that Bitcoin has. The high transaction fees mean you can't use Bitcoin for the purpose created in the first place.

Bitcoin maxis want to adopt the store of value narrative because they want people not to use Bitcoin for anything more than to speculate on the asset's future price, which was not its primary usage. At the same time, Bitcoin holders and believers want to pretend that their fork can still work as a peer-to-peer currency. Those that point out that Bitcoin no longer is a peer-to-peer currency get banned or censored, and the price for BTC should come down and will come down in the future because people will realize it doesn't work.

Bitcoin Core BTC no longer is Bitcoin, and it is a fork of Bitcoin; the moment someone tells you that Bitcoin is a store of value or digital gold, you should point out that right there. They are describing a fork of Bitcoin because Bitcoin is and will always be a peer to peer to currency first and most, and after that, something else. If Bitcoin Core can't have cheap transactions, it is also a fork because the real Bitcoin will always have a low transaction fee.

Bitcoin Cash is the real Bitcoin, not a fork, and it has been the real Bitcoin since 2009. Bitcoin Cash was not born in 2017. Bitcoin Core was born and forked that year; then, that community decided it no longer wanted to be a genuine and cheap peer-to-peer currency but an expensive settlement network that would work better if no one used it. So they called it digital gold or a store of value so that new users would feel comfortable not spending it and, as such, not paying the high fees.

Bitcoin Cash has been producing new opportunities for people worldwide; you don't have to be rich to use it. With as little as one penny, you can have your account funded and running in no time without having to ask for permission from third-party service providers like Wallet of Satoshi or Strike. Bitcoin Cash is and will continue to be the real Bitcoin that first works as a peer-to-peer currency. And it will become the next programmable money second and store of value because it does its first mission well and cheaply; the other two functions will come as a result of the first.

Bitcoin Cash doesn't need any laws to be accepted as a peer-to-peer currency; it just needs people willing to take it to send and receive payments. Bitcoin Cash doesn't need that users sign up for custodian services either. You can have your account without having to give up control of your keys. In short, Bitcoin Cash is money because it has a hard limit of 21 million coins, and you can use it peer to peer as long as both parties agree without needing third parties.

Digital gold is inferior to digital currency because the digital gold market is at least ten times smaller than cash. As a peer-to-peer currency, Bitcoin Cash has tremendous growth potential if you count both markets' market capitalization. As such, Bitcoin Cash's digital money is at least ten times better than a digital goal. And the store of value narrative or lie goes out the window when a competitor starts to eat up market capitalization.

Those who believe that the store of value is the same as speculation will find a nasty surprise because sooner or later, the real peer-to-peer currency will take over the whole cryptocurrency market sooner or later. The moment a coin starts to move towards position number one, the store of value narrative will be useless. As long as Bitcoin Core reminds number one that narrative will continue to work, but at the first sign of trouble, those promoting it will dump their holdings, no questions asked.

Bitcoin Cash will have to prove that it is the real Bitcoin by processing more and more transactions than ETH, BTC, and LTC combined. The fees must be kept low in the BCH network and not compromise network decentralization. At 32MB for blocks, that is not a problem, so now it is just a matter of time before Bitcoin Cash starts to process 1m transactions or more daily.

I believe that SmartBCH will bring the usage numbers to the Bitcoin Cash network and prove that it can scale on-chain without compromises; Bitcoin Cash has already established that it can have as many transactions as Bitcoin Core now. It needs more usage from real users making transactions in the new DeFi platform that BCH will create, improving the whole network.

SmartBCH will also integrate a bridge between ETH and BCH which will mean that it will be easy for tokens to move from the ETH network to the BCH network, which will mean more transactions for the Bitcoin Cash network and more financial freedom for those who use the web. The SmartBCH bridge will also make it easier to move funds from one network into another. BCH could have a more outstanding market capitalization because money will move into our network.

Bitcoin Cash is a peer-to-peer currency first, and it has the potential to become the best programmable money and the ultimate store of value as a result of being used first as currency and not the other way around. It means that people will save the cash that works today to be spent in the future, especially if your money will work as well as it does today. As it is today, Bitcoin Cash will be the peer-to-peer currency in the future.

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