I have been involved in the cryptocurrency community no more than a couple of months. I've witnessed the overextended rally back in december and for the couple of past months I've been reading in to the technology obsessively.
Now, many new people in the scene have no idea about the underlying technology and this will make it extremely hard to detect the downfalls of any decision they make . But let's get to the bcash subject. bitcoin cash is a fork of bitcoin. which means that in a certain instance of time. the bcash supporters took a snapshot of the bitcoin blockchain and started mining new blocks on top of that snapshot. and what did they do differently? they increased the block size from 1mb to 8mb. now they have their own network and building on their own version of bitcoin blockchain. The one they claim being the real one.
People behind bitcoin cash are promoting it as the real bitcoin. They are using valid arguments and exceptionally logical tone to address the problems in the bitcoin network and after muddying the water, they claim that the real bitcoin is the one they proclaim. The bitcoin cash. the 8mb block size which suddenly became the holy grail of all block sizes. I have seen what they say about the transaction fees and slow confirmations and ....
In general the bcash promoters like to say that hey, "look at the satoshi white paper and tell me which version of bitcoin better represents what satoshi meant in the paper", which any educated mind would soon deduce that bcash actually conforms to what satoshi meant very well. So does that mean bitcoin cash is the real bitcoin?
The short answer is NO. and here's why. What bcash supporters did after the segwit2x controversy was immature and inconsiderate. The community reached a consensus to postpone the block size increase and that was enough for those who thought it was necessary, to go out of their ways to fork the network. They basically took a slice of bitcoin market cap and started to promote their new brand to newcomers. Next, the miners whose hashing power is securing the network have the incentive to leave their original network and basically attack that original network by joining the bcash network. while every miner is free to choose to use its hashing power, attacking your original network in favor of a fork is in fact on of the worst things you can do in the wild west cryptocurrency environment. while bitcoin is going through a period of pressure from governments, banks and media, such disagreements are the last thing a community needs.
why forking bitcoin was a vile thing? because some people decided that hey, we understand it better that all of you and we're gonna show it to you. But what they don't really get is that bitcoin was never meant to be what satoshi wrote in his paper. frankly, satoshi himself didn't know it would work at all. what the community did in all these years has made bitcoin worth as it is valuated today.
The intrinsic value to bitcoin, the value of all these years of volunteer work and accumulated wisdom of the community, along with the energy used during mining are the real solid supports behind the bitcoin brand. what bcash supporters don't seem to comprehend is that you can't start making an equivalent of a hundred years old Mercedes and claim that we're making the real Mercedes cause we are more loyal to the design provided by Carl Benz himself. you may be able to fool some new comers this way but in the end, mistakes will haunt you in the world. The mistake of betting against your mother network.