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5 reasons why Bitcoin Cash will be the first global currency by where-is-satoshi at reddit

Wed Jan 03, 2018 11:59 pm

5 reasons why Bitcoin Cash will be the first global currency by where-is-satoshi at reddit

1. It is fast as it has 0-conf, the fastest over the counter trade short a customer with exact change. 0-conf is even faster than the so-called lightening network which must make multiple interactive hops to a recipient. As the median cash spend is just $15, 0-conf hands Bitcoin Cash a speed advantage over all other cryptos.

2. It always operates uncongested by design, even when it becomes the first global currency servicing 10 billion people x 50 TXs a day your TX will still get into the next block.

3. It has 10 minute block times necessary for incredible scaling on-chain. Bitcoin Cash has already proven on-chain scaling to 8MB blocks and can scale on-chain to 32MB blocks by simply relaxing a soft-limit. The Bitcoin Cash testnet has mined 1 GB blocks demonstrating on-chain scaling to beyond visa levels, and this study examines on-chain scaling to blocks supporting 10 billion people x 50 TXs/day.

4. It has gained the coveted network effect advantage with the influx of merchants which has already begun to drive merchant acceptance. You can expect Bitcoin Cash to regain the dominant position it held prior to the blockstream/core aberration. This is why, regardless of the features/capabilities of altcoins (including Bitcoin Core), Bitcoin Cash can look forward to the largest growth.

5. It is supported by a community that is bound by vision and generosity rather than censorship and deceit. It enjoys the high moral ground of "a peer-to-peer electronic cash system" as described in the whitepaper.

Bitcoin Cash - on its way to becoming the first global currency.


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Re: 5 reasons why Bitcoin Cash will be the first global currency by where-is-satoshi at reddit

Sun Jan 07, 2018 5:00 pm

Those are all very valid reasons to support bitcoin cash. The bitcoin vision we all signed up for years ago has been restored.

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