Rational Reasons to choose BCH over BTC
Every good feature you like about BTC, BCH has. It is Bitcoin after all. Think of BCH as BTC with:
- a bigger block size
- RBF removed (bigger block size means its not needed) and
- 0-conf being feasible (therefore making majority of transactions instant)
In terms of scarcity: BCH is as scarced as BTC. In fact there are reasons to believe its even scarcer since not everyone who owns bitcoin at the time claims their BCH and has since lost their keys. Since the fork, 4 million BTC addresses havent moved, as oppose to 5 million BCH addresses.
The only thing BCH falling behind at the moment is hashrate & price. But Hash rate is a function of price. Price we all know can be manipulated.
Remember market is currently measured in USDT not "real" USD. The company behind USDT are in bed with BlockStream the single development company behind BTC. It is publicly known the companies are invested in each other.
Price however does have feedback loops so it might be possible to kill BCH through price manipulation. However, BCH is still around ... so HOW? Because Bitcoin BCH is P2P CASH, a medium of exchange perse. A medium of exchange when you think about it CAN WORK at ANY PRICE.
Words from the grapevine is that Government don't like Bitcoin, thats why it was attacked technologically via BlockStream to reduce BITCOIN from P2P CASH Medium of Exchange into a "Store of Value". What they didn't expect was that the community would retaliate with their own fork to keep BITCOIN as P2P CASH. Hence BCH comes into existence.
At the moment the attack on BITCOIN is an ECONOMIC attack via price manipulation and price feedback loops to reduce Bitcoin P2P CASH into irrelevance. Bitcoin survived the technological Attack, can it survive the economic attack? The story is now playing LIVE and YOU can PARTICIPATE.
There are various reasons as to why BCH will win out in the end. You can find out more by researching the various sub. To keep it short: its the better Bitcoin.
I have my own reasons as to why I believe BCH will win out in the end and why I'm also heavily invested in it. Rationale goes like this.
- World is becoming multipolar. Balance of power across major nation states.
- Centrals Banks of each nation will need to compete with each other. They want their national currencies to be accepted globally.
- CBDC on a private network will not be globablly adopted. Too much distrusts between nations.
- CBDC on a public blockchain however is a different story. Details as to why this is a different beast and can be widely adopted I'll leave the reader to think.
Thus the question becomes which public blockchains can be used to host CDBC and scale for global transactions.
- BTC/Lightning? Not a chance. LOL.
- TRX? Fails the "public" criteria.
- ETH and ERC20? Fails the scalabity test. But maybe OK with ETH 2.0.
- Good Bet: BCH + PMv3 + Even bigger blocks.
While BCH P2P CASH can exists on its own without governments, do remember that it is a permissionless blockchain, meaning there's nothing stopping Government to hitch a ride and use it to issue their CBDC and inventing incentives for you to use their CBDC on the BCH Network.
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