The Myth of Bitcoin Cash: Understanding Game Theory

[BTC_Hydra]

There is no economic viability to bitcoin cash. There is no founded argument for its valuation. The exchanges and companies that support it are insecure and nefarious.

https://medium.com/@rextar4444/the-myth ... 7858bf8791


I heard it might even steal your real bitcoins !

[GreyWyvern]

There is no economic viability to bitcoin cash. There is no founded argument for its valuation. The exchanges and companies that support it are insecure and nefarious.

https://medium.com/@rextar4444/the-myth ... 7858bf8791

I want to learn as much as I can about BCH because I have skin in the game. So I took the time to read this article; the conclusions made were as follows:

There is no economic viability to bitcoin cash.
The article just states this without any argument to back it up. Call BCH an alt-coin if you want, it has just as much economic viability to exist as any of the 500 coins listed on sites like CoinCap.

There is no founded argument for its valuation.
Another statement the article makes without anything specifically backing it up. If there is a founded argument for BTC to exist, then there is a founded argument for BCH to exist. They are two incompatible versions of the same idea, and the author doesn't explain what exactly about the differences between them that takes away this "founded argument."

The exchanges and companies that support it are insecure and nefarious.
The author's reasoning goes like this: Because several defunct exchanges, in the days before they went insolvent, showed the price of BTC going significantly higher than market value, then because BCH futures have a higher value than I think they should (basically zero) this means BCH is a scam waiting to happen. Literally, the author provides no further evidence than this.

Laughable.

Earlier in the article, the author states that because the exchanges and miners favouring BCH are "political" and Bitcoin was intended to trancend politics, this means BCH cannot succeed because its political nature is in conflict with BTC. I hate to break it to the article author, but BTC has been mired in politics ON BOTH SIDES FOR YEARS. Political blood drips from every BTC coin and satoshi.

The actual conclusion statement for this article should be: "Because BCH is not what I believe BTC to be, it has no reason to exist." Literal fairy-tale thinking. Actual free-market economists are rolling over in their graves!

I heard it might even steal your real bitcoins !

A flagrantly false claim that even the article doesn't stoop to.

[brope]

I want to learn as much as I can about BCH because I have skin in the game. So I took the time to read this article; the conclusions made were as follows:

Read the article myself and I couldn't agree more with your breakdown. It's absolutely wild people go out of their way to write articles like this and intentionally mislead people with empty facts and false statements.

I am pretty new to the bitcoin scene, and if I didn't take the time to start learning bitcoin from it's code and roots and how it works...you know things like this might have actually gotten me. The average person just wants something they can use...they don't want to know what is under the hood or how it works. So when people see words like "nefarious" and "steal your bitcoins" (even if it's false) they will immediately be hesitant.