Bitcoin Cash is a by-product of the original Bitcoin Blockchain. It is the result of manipulating the original Bitcoin software in order to produce (or fork) a new blockchain with its own coin, rewarding proof-of-work, called Bitcoin Cash.
BCash is an alt coin.
Bitcoin Cash is NOT Bitcoin.
Bitcoin Cash, (BCH or BCash), like the other forks of Bitcoin, (BitcoinGold and SegWit2X) are the result of such dramatic infighting, due to philosophical and practical differences within the Bitcoin mining and development community, that the software was mutated to create new blockchains with new alt coins, all calling themselves “Bitcoin Something.”
BitcoinGold and BitcoinSegWit2X both failed so intensely, that there is no need to discuss them further. Bitcoin Cash, however, is doing its best to become “the real” bitcoin, and is attempting to destroy the Bitcoin Blockchain in its quest to take over Bitcoin and its market cap of $86,739,599,021 USD.
There are too many reasons to list, so here are the most glaring top five reasons to absolutely avoid “BCash” and support the original Bitcoin, now also referred to as Bitcoin Core.
The insane “Official Statement from the CEO,” Rick Falkvinge, of what is supposed to be a decentralized system.
Bitcoin has no CEO.
The fact that proponents are in-fighting, dividing the community and spamming the Bitcoin Blockchain with tiny transactions in order to back up the memory pool. Transactions are slower and fees have escalated dramatically. They are literally attacking bitcoin, and collecting the transaction fees from their mining pools. Bitcoin was created as a decentralized, cooperative venture. Bitcoin Cash is anything but.
Primary BCash investor, spokesperson and former “Bitcoin Jesus” evangelist, Roger Ver, claims that Bitcoin Core “stole the name bitcoin.” How is that even possible, since Bitcoin was created in 2009 and BCash is new this year?
Who is Roger Ver?
- BCash wallets and apps were developed overnight, are untested by time, and remain buggy. Scams and bad technology abound. Beware!
Not even a pirate will touch it.
The only thing one can buy with BCash is mining equipment, whereas Bitcoin Core has the oldest and most secure blockchain, and has made saving, remitting and spending money possible for millions of un-banked Earthlings since 2009.
- Bitcoin exchange CoinBase has been caught insider trading Bitcoin Cash while withholding their customers’ coins for several months. Think about the players.
Avoid Bitcoin Cash.
Eh, BCH has low fees and I like that. Prices usually don't rapidly move in the 1-2 hr span where I convert coins to BCH(bitpay) to convert them to other things. In the end, I really don't use it much. But I don't use other coins much. I need to diversify.
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BTC fees are way lower now, but thanks for the reply.
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