Read between the lines: The Bitcoin Cash (BCH) Stress Test was a huge success and the potential chain split was all marketing

in bitcoincash •  6 years ago 

As I wrote previously, I believe that Bitcoin Cash potential split was all marketing culminating with the Stress Test. The supposedly Bitcoin ABC and nChain fued was all marketing, if that wasn't enough Craig Wright vs. Jihan Wu was all worthy distraction with the ultimate goal of marketing Bitcoin Cash. The tactic work flawlessly, drawing in the likes of Buterin from Ethereum and Dan Larimer of EOS into the discussion as they took to twitter to discuss the results. Controversy has a way of drawing out people, Bitcoin Cash manage to put on a good show. The figure heads from Roger Ver, Craig Wright, Jihan Wu, Calvin Ayre all did their part with audience writing their own narrative on social media. More importantly, the Stress Test was a huge success with some difficulty here and there as nodes fell off the network. What is important to note and most people ignored, there was no rise in transaction fees.

Here are some of the charts to pay attention to


Photo Credits: Cointelegraph

Price action of the day with a 15%+ gain on the day
Screenshot (1625).png

Photo Credits: Cointelegraph

While this tactic deployment can be seen as hugely successful, the number of unconfirmed transaction before and after the stress test should be seen with a degree of concern. Ultimately, the end game would be a united Bitcoin Cash at the forefront while continuously highlighting some of the short-fall of Bitcoin (BTC) community. Some records were also smash during the stress test with record blocks filled, much of this data is still being analyzed and more results would flash across social media. The claim to the most price treasure being the "Bitcoin" name is still far off but they are making good grounds with "Satoshi Vision", I believe as there is more appreciation for everything blockchain, 'Satoshi Vision' would carry on par weight to the "Bitcoin" title, thus, attracting significant financial investment. I believe the bigger price with all cryptocurrency projects would be those capturing the imagination at the grass root level. A better use of resources should target "South and Latin American" countries. Given the economic challenges they face, these countries are prime for adoption, and people are seeking solution to maintain their financial sovereignty.

For me, given all these developments, I think a harmonizing environment where the varying projects strengthen their network effect by building and helping each other. The cards are falling in place, financially things are delicately balance but "ego's" within this ecosystem may be the mountain moving forward. The ability of these projects to adapt to an ever changing environment remains to be seen but for now, Bitcoin Cash can have a drink on a job well done.

If you enjoyed, please feel free to tip BCH or BTC
BCH: qrj3nssjy4ku5vv4am3j4ktelfx60h2tsycfpv393x
BTC: 13B2aptB3ncJTnaNQweKjFYVNzYvaYXoRf

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Coins mentioned in post:

CoinPrice (USD)📉 24h📈 7d
BCHBitcoin Cash634.623$2.58%21.64%
BTCBitcoin7271.020$0.97%8.36%
CSCredits0.179$-4.62%-1.69%
EOSEOS6.515$-2.23%31.71%
ETHEthereum293.583$-1.63%6.8%

BCH is AIDS

The other coins just rides the BTC coattail. BtC rise they all rise, BTC falls they all fall down and hard LOL.

Its a piggy ride affair, Bitcoin remains standard everything else seem to follow the standard