Bitcoin Cash currency works, full stop.

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1 year ago

Bitcoin Cash is the Bitcoin that works and that you don't need any central authority to use; it is in fast money, and it works just like Bitcoin did just before 2017. Bitcoin Cash is not a fork of Bitcoin. It is indeed Bitcoin and has Satoshi's coin in its blockchain. It may seem like BCH is a fork of BTC, but it is not.

Bitcoin BTC because its community leaders have openly decided to adopt small blocks to keep the blockchain small because they think that hard drives or storage won't get any cheaper in the future. The Bitcoin Core community believes that computer components will only get expensive and that running a node on a regular computer will be impossible for the typical user. But the reality is that they want banks to control Bitcoin. They believe only the rich and their banks can save Bitcoin from future legislation.

Bitcoin Cash can run up to 32MB blocks, and in the future, once hardware becomes much cheaper and the network's utility grows, you could see a blocksize increase to maybe 128MB. Hard drives manufacturers are presenting their products year by year with more capacity and much cheaper than the previous version, so much so that now you can have a 20TB SSD. The price for such a unit has not been revealed yet, but its predecessor has come down in price. An HDD unit that has less than 16TB is becoming cheaper.

Samsung is launching a 20TB SSD in a 2.5 form factor soon. The introduction of new SSDs units makes the price across the board go down in price, and this means that 1TB SSD will be cheaper in the future. You can now get a 1TB SSD for $100 that will soon change to a much lower price, same for all HDD units. They are becoming cheaper as well and even much more affordable than SSD. You can find a 20TB HDD for under $400, and that unit will hold the Bitcoin Cash network blockchain data for ten years at 32MB blocks.

The number of transactions is growing within the Bitcoin Cash network, and we need the number of transactions daily to grow even more. We have around 80k to 100k transactions a day, or around that much as I write this article. Transaction volume helps because it tells investors that our network is growing in usage, and as such, it tells investors that they should invest their money in Bitcoin Cash while it is still early.

SmartBCH is almost here, and once we have a better bridge, things will improve for those that need more than just currency. Right now, it would help if you run applications to use it as a test. Still, eventually, that will change, and it will be only a matter of installing a wallet with a graphical interface, and just like magic, you will be using the sidechain and all of its benefits. SmartBCH is creating more transactions in the network, which in my opinion, will indicate growth and, in turn, could bring the attention of prominent investors into our space.

Bitcoin Cash is the Bitcoin that works, and BCH as Bitcoin will make many altcoins redundant, and that is something that others won't tolerate because pretty much BCH puts their bags in jeopardy. Bitcoin Cash needs your support as well, and you can help it grow by doing the following:

Tell your family and friend about Bitcoin Cash. Teach them how to use it and, if possible, send them a few satoshis for them to start.

If you use noise cash, put your payout as low as possible. The lower your payout is, the higher the number of transactions you will create, but you will have to pay a higher fee because your wallet will have a much considerable input.

Tell people you don't know about Bitcoin Cash, and try to spread the word in the real world if it is in a secure environment.

The more people come and use the Bitcoin Cash network, the more our network will grow, which sooner or later will bring the attention of the whole world, and in no time, we will have conquered the world and position BCH in its rightful place which is being numbered one on Coinmarketcap.

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1 year ago

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"The Bitcoin Core community believes that computer components will only get expensive and that running a node on a regular computer will be impossible for the typical user."

I read a discussion in Quora digest going down this line. The writer's arguement is that soon, it will be impossible for user to run a node because a single computer cannot handle the huge block size. I saw several flaws in his arguement though.

At first in he mentioned 8MB blocksize. At first he credited BCH for their intent to become scaleable. However. in the middle of his discussion it became 8GB. I'm not sure if it was an honest mistake, or an intent to mislead the readers. He sited then that if it's impossible for a single computer to run a node, this means, only huge corporations can run the nodes for BCH, which is against Satoshi's principle. His true intention was revealed to me at the end when emphasized Lightning Network is the true solution to Bitcoins high fees and low transaction speed.

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1 year ago

16TB HDD costs less than $300 now, and in a few years, 16TB SDD will cost less than $1000, which is enough to hold the BCH blockchain for ten years. 100mpbs internet connection now costs less than $100 a month in big cities. Regular computers now have 16GB of RAM and 8th core CPUs, costing only $600 or less. So I am pretty sure home computers can run a 32MB blockchain.

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1 year ago