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Author Topic: [2018-04-13] The one true Bitcoin  (Read 51 times)
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April 13, 2018, 12:39:16 AM

There are parts of this article that are so funnily written, as if the author was trying to market bitcoin cash as the better coin for everyday payments. What he  failed to see is that both bitcoin and bitcoin cash transactions are recorded on a blockchain. Blockchains are known to reach a limit per block, 1mb for bitcoin, then the fees go up and it will also have longer confirmation waiting times. We have seen it happen on Ethereum and we will also see it on bitcoin cash.

Also making blocks bigger will not solve the problem. As they become full, it will only externalize the costs somewhere else instead of the users.

Furthermore, merchants are eager to start using Bitcoin Cash, according to BitPay, which processes transactions in Bitcoin for hundreds of thousands of merchants including Microsoft and Newegg. In December 2017, merchants were alarmed when the Bitcoin network became overwhelmed with activity and the fee for a single Bitcoin transaction surged. Bitcoin Cash, because of its higher transaction capacity, is theoretically resistant to this kind of surge. BitPay started offering its clients the option to accept payments in Bitcoin Cash in addition to Bitcoin earlier this year. “Ninety percent of our large merchants have turned it on,” said chief commercial officer Sonny Singh.

Bitcoin Cash detractors like to call the cryptocurrency “Bcash,” “Btrash,” or simply, a scam, while Bitcoin Cash advocates insist that their implementation is a more pure form of Bitcoin. (A Bitcoin Cash conference that met in Tokyo in March was called “Satoshi’s Vision.”) “They have inferior technology so they rely on censorship to try to stop the advances of the one true Bitcoin,” tweeted billionaire Bitcoin Cash proponent Calvin Ayre.

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April 13, 2018, 04:21:24 AM

I thought that it still an April 1 in my calender as i assume that April Fools day is not a full month season. Even with so much blog and articles written with flying colours. Nothing really gonna change.

BITCOIN Core is the real bitcoin and Bitcoin cash is just a copycat, trash and soon to be a scam coin with no potential to replace bitcoin in a natural advertising, only on unfairly and suspicious mind conditioning.
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