The origin of the word “cash” is "caisse" (fr) meaning money-box. So cash is by definition store-of-value. Other Cypherpunks had used the word cash in their whitepapers, like "HashCASH", "eCASH", etc”.
The word "cash" in "A Peer-to-Peer Electronic Cash System" never meant cheap and fast transactions, the real meaning is "bearer asset".
Ok, but that would make IBD (initial blockchain download) impossible for the average person in the inevitable end.
A regular Memo post is ~270 bytes onchain. There are 200 billion tweets on Twitter every year. If Memo.Cash got all Twitter users it would require the blockchain to grow by 54 TB per year. Unscalable.
Big blockers be like: Trust us, trust the miners, trust Amaury. Trust trust trust.
Bitcoiners be like: Don't trust - verify.
"While the system works well enough for most transactions, it still suffers from the inherent weaknesses of the trust based model." - Satoshi Nakamoto referring to systems like Bitcoin Cash in the white paper.
Why would I need to get paid when the network is already subsidising usage.
BCH Core refused to follow Satoshi's roadmap and gigameg blocks. BCH Core is restricting block size limit to 32MB. Bitcoin SV is the legitimate Bitcoin and all others are altcoin forks.
Bitcoin Cash is a copy of Bitcoin but with security flaws added to it. EDA, transaction malleability, ASIC boost support and dangerously large blocks.
Numpty, EDA is long replaced, and malleability eliminated with Schnorr.
ASICboost is supported on BTC (the chain with dangerously small blocks :)
Bitcoin Cash is a copy of Bitcoin but with security flaws added to it. EDA, transaction malleability, ASIC boost support and dangerously large blocks.
When the block subsidy drops, the security of PoW coins will rely on few transactions with high fee or many transactions with low fee. BCH has low fees and very few transactions and the next halvening is approaching.
A BTC-transaction with 6 confirmation on is truly immutable and secured forever. A BCH-transaction require 125 confirmations (20 hour wait) for the same amount security.
Bitcoin was supposed to be about creating decentralised, secure hard money. By solely focusing on low fees, BCH threw the baby out with the bathwater.
All Bcachers including Roger Ver have vastly more value stored in BTC he so despise rather than the BAB fork he struggle to shill. Don't listen to what they are saying, see what they are doing.
You talk as if Capitalism is centrally planned like your beloved Communism. It isn't. It's the natural state of things. You hear greed, you hear competition, and you automatically jump to the...
Bitcoin (BTC) is the real, most secure and decentralized Bitcoin for store of value. But I am definitely tempted to try using and build on-chain services on top of Bitcoin Cash (BCH)!
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