What is
Bitcoin Cash?
And why bitcoin is the safest way to future-proof your money
What about Bitcoin Cash
- Larger blocks. This bogs down the blockchain and creates a larger barrier to entry to run a full node. Less nodes makes the network less secure
- Less off-chain solutions, more focused on “on-chain” scaling solutions which can be clunky and unnecessary
- Less community support. The community has largely come to terms with the fact that big blocks are not the answer to scalability.
Priced in bitcoin
How does BCH compare to BTC over time?
Since inception Bitcoin Cash all-time-high, when priced in bitcoin, was Dec 22, 2017. This means that unless you bought at some point before that time frame and sold at that exact moment, you would have had less bitcoin.
Cryptocurrency hits different when priced in bitcoin
Bitcoin vs cryptocurrency
- Bitcoin is the first cryptocurrency and the blueprint for a lot of follow-on cryptocurrencies
- Satoshi created the bitcoin protocol and allowed others to build on top of it
- The Bitcoin network is a protocol and not a program or platform
- This key difference is like the internet vs Google. The internet protocol cannot be censored while google can
What about others?
Often when people think of the “crypto” industry they have 3 categories: Bitcoin, Ethereum and the rest. This fallacy can lead us to overlook some of their shortcomings.
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