Bitcoin Cash

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PoW is only secure if an attacker can't conceivably amass 51% hashrate. BCH was *never* secure. This hashwar drama is just a symptom of the broader underlying problem. Reorg protections can't fix it. In reality, BCH's best bet is a hash function change or even a switch to PoS.

Bitcoin Cash forking into ABC and SV is a Pyrrhic victory for Jihan and Craig, where the battle inflicts such a devastating toll on the “victor” that it is tantamount to defeat.

The fundamental flaw in Ver and Jihan Wu's economic vision is that they assume that money is first and primarily a medium of exchange. They do not understand that all market based monies must evolve through a store of value phase first, before they can be suitable as a MoE.

Blockchains in general are meant to be used. They're not meant to be sat upon, stored in a vault, in a cage, or to serve as an imaginary store of value... they are valuable because they serve a purpose, and BCH clearly does.

To be honest, BCH can compete well against LTC to be Bitcoin's silver. But their arrogance wouldn't let settle for second. Their current strategy is winner take all against Bitcoin, and they will lose because of these reasons: Perpetual onchain scaling destroys decentralization

Bitmain is the central bank of BCH. Bitmain has tried to maintain a peg to their reserve currency, BTC, and has failed. Bitmain has failed to keep the peg at 0.15 BTC, 0.12 BTC and recently capitulated the 0.1 BTC level. This is a central bank selling its reserves to keep its peg to another currency. What’s worse, much like a central bank, they’re running out of reserves and BCH will finally float on the market instead of having the artificially inflated value that it has now.

Any of the top 7 Bitcoin mining pools can already easily 51% attack the Bitcoin Cash chain at any time. That number will increase to the top 9 pools during the fork as BCH hash is split up among the two competing chains...

I consider BCH a legitimate contender for the Bitcoin name. I consider Bitcoin's *failure* to raise block sizes to keep fees reasonable to be a large (non-consensual) change to the "original plan", morally tantamount to a hard fork.

The more I'm reading and talking to people, the higher probability I assign to BCH beating BTC. Still an underdog, but I'm not convinced my assumptions about BTC having the economic majority are still correct.

BCH are the subset of the old Bitcoin culture, in contrast to BTC, did not value trust minimization and are not well governed.

I have a lot more nice things to say about Bitcoin Cash community and devs - I want to talk more about the phenomenon of why a lot of early bitcoiners are turning to Bitcoin Cash.

You know when a network gets unstable ? When you primitively increase the block size. Taking the easy way out is not a long term solution and will be the downfall of BCH. History teaches us that scaling the right way is always better than scaling the easier way.

Just heard from another merchant adding BCH. I think we’ll see a wave of “dropping BTC, customer support costs too high” within six months.

It's a free world. But it's just scammy and borderline fraud for a few promoters and a noticable quantity of new sock puppets to claim BCH is Bitcoin given the reality and social consensus. That's not helpful to achieving the awesome potential of crypto currency.