Bitcoin Forum

Some days ago I heard somewhere that companies want users to replace Bitcoin with Bitcoin Cash, but why is it though? Is it even True?

I understand that Bitcoin fees are currently a "bit" high, so people would be interested in using bCash instead of Bitcoin, but why would a company be interested in Bitcoin Cash replacing Bitcoin?  :-\

Because the network is congested, transactions taking hours/days to confirm isn't really something you can use as a business on top of high fees it also gets really expensive for the customer. Although I think BCH will just suffer from the same problems once it grows..

What kind of companies are you talking about? BCH is just another shitcoin, honestly, they have NOTHING standing for them, just pure hype, and the fact, that they are not congested yet.

No BitPay is keeping their customers on standby whilst they integrate BCH payment instead of BTC. Only BTC payments over 100$ are currently accepted.

If Roger Ver and co really did congest the BTC network with a ton of small transactions.. then I suppose he got what he wanted.

They aren't actually even that hyped only within their own circle. Most people rather look at BTC but BTC devs don't really seem to give a shit and I can't stand the continious hardforking myself.

This. Antminer (the company that builds the S9 antiminer) will only take BCH.

bitpay are adopting it. coinbase also do payment processing so they might add it for that too. gotta say i'm shocked that supposedly reputable companies would choose centralised junk like this as their premier payment rail. it has no decentralisation. absolutely none. why bother even mining it? do a bitmain database instead.

with bitcoin fees the way they are there are entire industries that used to use bitcoin but can't any more. it simply doesn't make any sense with the way it is right now.

that said they should be moving towards litecoin. that's a coin that has an actual future. bcash is worthless crap.

The problem is, that exactly because of Bitcoin decentralisation, there's noone to care and noone to promote.
But taking Bit-Shit as a payment... I guess, the companies are scared of the correction, and they also do understand, that Bit-shit team has a centralised advantage in their marketing. THey ACTUALLY market the bit-shit

Most of companies that ask customers to pay in BCH for some mysterious reason are located in china (like bitmain) and they are simply abusing their monopolistic position on the market. It is done only to make the illusion that this coin is legit and to pump bitcoin cash. The situation will change once there will be more competitors on the market.

Most companies are just fed up with BTC fees and transaction times, that BCH offers itself as an alternative isn't their fault. Dev's of BTC have had enough time by now to get their shit together but they continue doing nothing.  I'm no holder of BCH but I can't blame them for doing good business.

You can scream all you want at BCH but it does have low fees and fast confirmation whereas BTC its becoming normal having to wait days for confirmation and paying fees as high as 50 dollars. Its fucking ludicrous

Dude its not just Bitmain, Bitpay wants to switch over to BCH aswell. BTC is fucking ridiculous to use for small payments atm, it doesn't make sense to use BTC for a 10 dollar payment when there's a 5 dollar fee on top of that and BCH offering fees in the low cents with fast confirmation.

It might be true since bitcoin network in not what its used to be and fee of a transaction is out of hand for doing micro transaction


Bcash is much cheaper for them to have and its network is more stable and its scalability is top notch compared to bitcoin.

Maybe they want to promote bitcoin cash or they put some invesment in bitcoin cash. So they are making a move to make the value of bitcoin cash more higher.

maybe they think that if they make a transaction, the fees are not too high than bitcoin and besides that, the transaction can be delivered with fast and not wait too long. if this is true then we can see soon there are many exchanges will open a new pair bitcoin cash with altcoin because so far we could only trade bitcoin cash with fiat or bitcoin cash with bitcoin. I don't mind if bitcoin cash will be used for what we use with bitcoin as long as the transaction is not taking too long and the fees are not too high like now.

BTC network is heavily congested at this moment 256k unconfirmed transactions. To get your transaction processed you need to put high fees. BCH on other hand has low fees and confirms transaction in 15 min max. If you want to wait BTC confirmation for 2-3 days then go for it.