What Is Bitcoin Cash?
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Why does Bitcoin Cash matter when cryptocurrencies like Litecoin, Dogecoin, and dozens of other alt coins already exist which work quickly and have low transaction fees? This is a question I see every day in some form on Twitter or Reddit.
I think it comes at worst from people who want to undermine Bitcoin Cash. But there are also people who truly misunderstand the nature and the importance of the Bitcoin Cash and Bitcoin Core debates. Though I think there are a number of reasons why we should believe Bitcoin Cash is the best option, including fees and transaction times, I think focusing on them too much is a distraction.
When I first developed an interest in Bitcoin Cash, I was thinking along those lines. To definition of bitcoin cash, the question of high fees and low fees was all important. Now it is my belief that Bitcoin Definition of bitcoin cash matters more than any other cryptocurrency out there, but it matters for a more fundamental reason than transaction fees and speed.
To understand this, we need to understand what happened to Bitcoin Core, previously the most successful cryptocurrency project ever, that definition of bitcoin cash this whole debate. I quote from Mike Hearn: Why has Bitcoin failed? It has failed because the community has failed. Worse still, the network is on the brink of technical collapse. Bitcoin Core did not fail for any necessary technical reasons whatsoever.
The 1mb block size was supposed to be a temporary measure that was lifted long ago, but through a combination of censorship, subversion, slander, theft, and propaganda, the 1mb limit was never lifted and opposition was silenced.
Bitcoin Cash then is not trying to answer the question of whether Bitcoin can scale on-chain or not. We know it can, as did Satoshi and everyone else who worked on the project in the early days.
This is where people who push other definition of bitcoin cash against Bitcoin Cash miss the mark in particular. The block size debate is a function of a larger problem.
It is likewise incorrect and trivial to think that the entire Bitcoin Definition of bitcoin cash question is built upon the size of the blocks. Bitcoin Cash matters because it is attempting to answer if a blockchain project can survive being co-opted from within or not. No other coin has the chance to do that and we should not allow it to be forgotten in block size discussions.
So if you find yourself wondering why Bitcoin Cash matters in a world of alt coins, this is one big reason. The fact is that if Bitcoin Cash fails it does not bode well for the rest of the cryptocurrency industry. It would mean that any project definition of bitcoin cash gains enough traction is open to being taken over through the same means that Bitcoin was taken over before: If Bitcoin Cash succeeds however, as I believe it will, it sets a precedent for the future.
Its existence and success will be an insurance policy that will remind bad actors that a project can and will fork if it strays from its original intent. As Taylor Pearson writes, the future of society is. Appeals to authority and definition of bitcoin cash violence will be replaced by forking.
Definition of bitcoin cash you disagree with a decision, you can fork a new blockchain. This is what we have done by forking Bitcoin Cash and we will see whether it can be an effective check against Orwellian subversion of a project or not.
You can support my Bitcoin Cash writing here. Low fees and fast transactions on-chain are essential for user experience and adoption. The masses are those who are unable to do either. I can edit the writing of other people just fine but when I try to do my own I always make big definition of bitcoin cash. Monero already proved this is viable route, it forked away from its shady creator and origins and is now one of the most innovative cryptos.
Monero is not large enough yet to be considered definition of bitcoin cash success, nor whatever coin it forked definition of bitcoin cash. Just mere ad hominem… which definition of bitcoin cash course means definition of bitcoin cash have NO argument…. Every day I read many articles about futures being offered on BTC, new wallets, new exchanges, etc, etc. The ecosphere around BTC is stunning. But I urge BCH supporters to be prudent and hedge their bets, please have some investment in BTC just in case you have picked the wrong side.
You might be living in a world where the tools you use to get information shapes your beliefs — a world definition of bitcoin cash companies like google narrow your search results to things you already expressed positive about, a world where the messages you see comes from people that think like you because you asked to not be challenged.
I advice you to use alternative search engines, actively follow people that challenge your assumptions and to respectfully ask for source references when you get a statement of fact, so that you can follow them and learn their contexts. Why do people oppose increasing the block size? If they are arguing that it helps keeps the network decentralized for one then why are they wrong? Why are the proposed scaling solutions like a lightning network the wrong ones?
Where they used to argue for decentralization, they now use centralized services like Twitter and […]. Day 1 wrapped up last night I missed the social because I slept through my nap alarm and as […]. If we lose, it is a bad sign for the entire idea of decentralized digital […].
We are in the middle of a great experiment with Bitcoin Cash to see if we can prevent it from happening […]. Your email address will not be published. Notify me of follow-up comments by email. Notify me of new posts by email. I send one email per week featuring new writing, reading and product recommendations, original work, exclusive invites, deals, and interesting finds.
Just watch your grammar and spelling! If that is your best argument there is no reason to doubt that Bitcoin Cash is going to win. Just mere ad hominem… which of course means they have NO argument… Typical…. BTC is being repurposed to become a mere layer definition of bitcoin cash interchangeable at that under Lightning.
There is hardly ever any news on BCH and it is obviously dieing on the vine. You, dear sir, might well be living in a filter bubble. I too, was trapped once. That would be an entirely different one. Leave a Reply Cancel reply Your email address will not be published.
