Have you seen this absolute joke of an "analysis" promoted by coinmarketcap?
These are the ridiculous talking points and outright lies that we're up against:
Report from "SIMETRI" (July 31, 2020) :
Bitcoin Cash Report Highlights
- Bitcoin Cash does not have a much-needed unique selling point
- The project faces substantial competition from comparable cryptocurrency projects
- Bitcoin Cash has faced a 51% attack on the network
- Over the past year, the project lost more than 60% of its active developers
- The popularity of Grayscale’s Bitcoin Cash Trust is fast eroding
Bitcoin Cash has failed to beat Bitcoin in terms of transaction volume and network hashrate metrics. Although current technological improvements on the Bitcoin Cash network provide some benefits, they are not enough to attract more extensive usage of the protocol. The project needs to find a unique value proposition. Otherwise, it risks losing supporters.
The fact is, Bitcoin Cash has many unique selling points, the main one being that it's Bitcoin with low fees + big blocks + Tokens + anonymous transactions. Said another way, it's like late 2016 BTC + ETH + XMR + improvements + scaling.
The project does face substantial competition, from fiat and coins with full blocks.
It's true, Bitcoin Cash has faced a 51% attack on the network, but it won against all attacks.
I wouldn't call Amaury "60% of [BCH's] active developers"
The popularity of Grayscale’s Bitcoin Cash Trust has never been higher!
Bitcoin Cash has beat Bitcoin in terms of transaction volume! It's benefits have been continually attracting more extensive usage of the protocol!
BCH adoption is growing every day. More are switching from BTC to BCH by the hour!
I hate that shit like this gets promoted by major outlets like CMC.
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