The Reason To Be In Bitcoin Cash

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Avatar for zhoutong
1 year ago

Bitcoin Cash follows the original vision of Satoshi Nakamoto's Whitepaper

"Bitcoin: A Peer-to-Peer Electronic Cash System"

This technical document explains the principals Bitcoin was based but not many were convinced not even the cryptographers when Satoshi explained his idea.

After mining the genesis-block Bitcoin became real and slowly the first cryptographers tested it, with some finding it to be able to work with time and more developments.

Afterall, code needs time to develop and for the first two years Satoshi had to fix too many bugs that could have destroyed the network. One of these bugs was an inflation bug one hacker exploited and Satoshi had to take control, patch the hole and return the network to a state before this exploit.

This was an intervention that Satoshi could perform at that moment, since he was mining Bitcoin with multiple CPUs.

Satoshi also added the code to the blocksize, self-limiting the potential of Bitcoin, but leaving behind clues and directions how to apply changes and increase this blocksize as time passed and transactions increased.

And as more and more people joined this indicated transactions rising and Bitcoin partially becoming weaker to sustain speeds necessary to harbour the rush of new Bitcoin users.

A civil war errupted as discusions within the community reached a point of no return. The developers that had united and founded Blockstream, were the new masters of Bitcoin and deciding its fate, but the miners were also responsible, selecting to follow Blockstream after secret negotiations.

Blockstream ended the debate with Theymos in charge, removing access to discussions for thousands of worried Bitcoin people, and led a campaign to support small blocks. It always stayed with small blocks and never upgraded.

All this is not what we are told, but when anyone asks about Bitcoin Cash too many appear to call it a scam, and brainwashing those that haven't looked into the problems of Bitcoin.

The main reason to be in Bitcoin Cash today is not just the low fees or the fast transactions but the moral gravity Bitcoin Cash represents and the righteous of this constand battle against the unfair treatement and disinformation presented by the media.

It doesn't matter if price is low, it will matter if transactions increase as more and more will be using Bitcoin Cash.

Even small accounts help the network, and we can't expect to reach millions of transactions without adoption and without advertising Bitcoin Cash.

Using Bitcoin Cash, gives us control and the right to own our Bitcoin Cash and everything else bitcoin was always about, but now it works too! it is fast and powerful and attracts all those that wanted to quit the state printed currencies.

Bitcoin Cash is the best substitute to the fiat currencies as a cryptocurrency. I do not wish to compare with other cryptocurrencies and some have been making progress but each one has issues that Bitcoin Cash has solved.

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1 year ago

Comments

Good case for $bch

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1 year ago

if the idea is noble and bitcoin cash , so here I am . I will see all your notifications @zhoutong

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1 year ago