The two communities of BTC and BCH fans have been at each others throats for months now. The "Bitcoin Core" or just Bitcoin side argues that blocks should be smaller and we should use avenues such as the Lightning Network in order to decrease transaction fees and to not have payments be congested. The Bitcoin Cash side argues that all payments should be made on the blockchain, and according to Satoshi's white-paper, the blocksize should increase in order to accomidate additional demand. I think both sides have merrit, and no side of this debate is perfect. The Bitcoin side uses immature name calling such as "Bcash or Btrash" and the Bitcoin Cash side uses ad hominem attacks against many core developers. There is one argument however that the BCH side uses that I fundamentally disagree with, which is "BCH is the true Bitcoin". They attest this claim because BCH is a more accurate representation of what was in the Bitcoin whitepaper.
Why I disagree with this claim
BCH is not the true Bitcoin in my mind, because it was not part of the "Genesis block" or the first block of the Bitcoin chain. BCH emerged as a fork of the original Bitcoin chain and should be treated as such. Even though BCH is technically more accurate to the original vision of Satoshi, I still consider it an alternative version of Bitcoin. I think telling potential consumers of BCH that it is the "real Bitcoin" will end up confusing them and diffusing them from the crypto space even more. We need to treat the majority of the populations like kindergartners when it comes to crypto, and I think people sending BTC to BCH wallets and vise-versa will be a problem for years to come. Even though the Bitcoin Cash community recently changed their address format to state "bitcoincash" at the beginning, we need to treat noobs to the crypto space as if they know nothing. Because they know very little. These noobs thought Ripple was "cheap" and the currency subsequently got pumped to never before seen levels. They do not understand that Bitcoin can be bought and traded in fractions. These same people would not understand the logistics of a hard-fork and the debate between the two factions would go right over their heads.
My thoughts about Bitcoin Cash in general
I think BCH would have a much better success track if it was marketed as a better alternative of Bitcoin. I do not wholeheartedly agree with this claim. I don't think BCH will ever become the true Bitcoin. The first exchanges that treat BCH as the normal Bitcoin will create havoc and confusion for potential investors and be shunned by the community. Given this information, the BTC community is not completely in the right either. They treat BCH as if it is a blatant scam, which I think is completely wrong. There are actual scams such as BitConnect or questionable currencies like Tron or Verge. Bitcoin Cash has a very hard working community around it, and calling it a scam would undermine all the individuals who are working towards their vision, whether I agree with it or not.
The man who called Bitcoin Cash a scam to the Canadian government
A man named Johnathan Hamel, who I have not heard of before this incident was recently speaking at a Canadian Parliamentary hearing about cryptocurrency when he said the phrase "”Other cryptocurrencies are downright scams…like Bcash” which angrered the entire crypto community. Even r/Bitcoin which is known for hating BCH was angry because this man had the gall to ask for donations to do this stunt. He made a fool of himself infront of a government and gave a complete misconception of what a hard fork was, all for a few bucks in donations.
Overall I do not completely agree with the vision Bitcoin Cash has, but I respect members of its community and hope it does well in the future. Thanks for reading guys! If you liked my article, you can donate Bitcoin, Litecoin, or Ethereum to my wallet addresses. If you’re broke like me, you can click on my affiliate links to get free Bitcoin on the fountain website I use. You can also follow me on my official Twitter at “Jackson_Kwiat” where you can see my insight on anything cryptocurrency related.
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