Chris
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Bronze Bitcoiner
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How Bitcoin Cash follow the satoshi vision

Sun Oct 15, 2017 6:06 pm

What is Bitcoin?

November 2008 a link to a paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System was posted to a cryptography mailing list. Nakamoto implemented the bitcoin software as open source code and released it in January 2009 after Satoshi Nakamoto mined the first ever block on the chain, known as the genesis block

What is Bitcoin Cash?

Bitcoin Cash (BCC) is a cryptocurrency created via a fork of the Bitcoin network. This means that any user who held Bitcoin at the time of the fork (August 1st, 2017), now has an equivalent amount of Bitcoin Cash on the forked Bitcoin Cash blockchain.

How is Bitcoin Cash different than Bitcoin?

Bitcoin Cash was created as an answer to the years-long debate among the Bitcoin community regarding the best way to scale Bitcoin to more users. The most simple solution, and the one adopted by Bitcoin Cash, is to increase the Max Blocksize Limit parameter of the Bitcoin codebase. While Bitcoin’s block size limit remains at one megabyte (allowing for ~250,000 transactions per day), Bitcoin Cash has increased the limit to 8MB, allowing for around two million transactions to be processed per day..

How Bitcoin Cash follow the satoshi vision?

Back in 2009, when satoshi mined the genesis block decide to set 1mb as block size limit to their baby not a wrong choose he has their reasons but he knew that the 1MB will not be enough as long as their baby grows up we know that because Back in 2010 jgarzik write Fcasha patch to increase the block-size limit in order to be able Bitcoin to scale++ satoshi nakamoto the Bitcoin creator manage to make a hard fork in order to increase the block-size in 3–4 lines of code satoshi nakamoto reply with We can phase in a change later if we get closer to needing it. and then with 2–3 lines of code he post an example how it can do a block-size increse https://bitcointalk.org/index.php?topic ... 6#msg15366 as in 2010 bitcoin was still baby an block-size increase wasn’t required but satoshi he had in his mind the hard fork in order to increase the block-size if was required, the same year satoshi nakamoto stop to post on the forum and in mailing lists their last active according to their bitcointalk account was in December 13, 2010 , as time passes bitcoin becomes popular he growing it was not just a baby but some peoples they could not believe that bitcoin the baby wich released in 2009 by satoshi nakamoto will get a huge attention from peoples which will make it strong basis to mature quickly so they decide not to strengthen its basis in order to keep it as a young baby, the strengthen was the block-size increase that never happened, a block-size increase wich satoshi already had discuss it to be if it we needing, this may also be a psychological problem a lot of parents they are wondering if their babies when will mature will still obey their commands because they just want to have to full control, Bitcoin Cash fork follow the satoshi nakamoto words We can phase in a change later if we get closer to needing it. yes its 2017 we needing it and thats is the reason when Bitcoin Cash created, a lot of peoples say that an block-size increase will be a problem for bitcoin, thats wrong, satoshi never says that an block-size increase will be a problem, some peoples say that an block-size increase will be problem for their reasons because he wants to have the full control of the giant wich is prisoner in baby body, Bitcoin Cash broke the shell the giant is here ready to keep in their shoulders milion transactions perday with lower that 0.05$ transaction fee, Bitcoin is a prisoner giant in a baby body wich get commands like you can’t, you can’t, this is called brainwashing, a brainwashing is know that have more changes to affect a baby than a mature (giant),
The Giant is here called Bitcoin Cash.
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