BCH

MinuteStreet172

Good for Monero and Bitcoin (BCH), since they'll be able to show their functionality.

MinuteStreet172

Why would they need to Cash out? They can pay with Bitcoin, as I Said, BCH version is my favourite because it's cheap enough so that even the Venezuelan people could afford to actually transact on it, unlike BTC, that it's expensive for the average user, nonetheless, the unbanked.

MinuteStreet172

Because long term it's been proving to work (even though I'm not a BTC fan and rather the BCH version of Bitcoin).

ghelgi10

Would anyone else rather have $15,000 in almost any other top coin besides BTC at the moment? I would take $15k BCH or LTC at the moment over BTC. (they do pretty much the same thing) As money comes back into crypto i think it will go to projects that are growing but are not over populated.

Bagmasterflash

Buy BTC because the way things are. Buy BCH because the way things should be. Skip everything else. Eth only exists because BTC sucks. The rest only exist because Eth sucks. Buy a bit of XMR too.

philheckmuth

Will send some BCH sats if you have a BCH wallet; I don’t have lightning

mindcandy

> 3.00 BTC sent to jcw9 https://bitcointalk.org/index.php?topic=2248.msg30482#msg30482 He still has it! And, the BCH! https://www.blockchain.com/explorer/search?search=1AAbCvn1JzM8vJZgYWbh6fKExxXNfyxjz6 99% likely lost or forgotten :P

mreJ

I had a similar experience, but spread across multiple wallets. I fortunately was able to recover several hundred dollars worth of BCH and between .4 - .5 BTC. It pisses me off though that I can't seem to access one or two other wallets due to Blockchain.com being seemingly lowsy. I have a recovery phrase saved, but their website claims it doesn't recognize it, and their support is so freaking incompetent they recommend I clear my browser cache to see if that fixes it. Hodl.

HandsomeMotherfucker

Nobody has said this yet but you'll also have 0.5 BCH as bitcoin forked into bitcoin cash after this date. Not a huge amount but about 160 USD of free money.

ulptthrowaway2016

XRP, DOGE, ADA, AVAX, SHIB, LINK, BCH, DOT, LEO and LTC. Any alt older than one cycle unfortunately runs into massive sell wall issues in the next cycle as scorned investors sell off any meaningful pump for various reasons

PovasTheOne

Half of my portfolio was fiat last September. I was DCA’ing, then things started pumping pretty hard and once there would be a 10 % dip or more, i would buy more. I went mostly into Link, BCH, Atom and Eth. Also bought some of the new hype works like FET after it backtracked like 33% from its top. Also picked up few more hype coins that arent even worth mentioning. They’re down ~80% now and i already picked them up at what looked like a discount, lol. Overall my portfolio is down ~ 50% since March peak.

biba8163

> Nah you’re caught in a mid term trend and extrapolate it linearly Trend that has happened over and over again with every crypto is also happening with ETH. > In 4 or 5 cycles it will need to reconsider its tokenomics to remain secure This issue will manifest itself 50 years earlier in chains like BCH and even LTC giving BTC decades to solve this possible problem.

MinuteStreet172

Still too expensive for the average El Salvador Citizen to use. People there would be better off using BCH.

fingerfunk99

I'm pretty sure he did, but it was BCH so he actually lost about $500k

PotentialAny1869

I support bitcoin. I own both BTC and BCH. I will watch your video.

4565457846

Bitcoin lost its way when Segwit was implemented and blocks kept small.. Ethereum is the future at this point… although I do wish it was the true Bitcoin (BCH)

loveinjune

I completely agree but also understand what the poster above is saying. Some exchanges charge quite a bit for transferring off the exchange. Recently helped a person get setup on an exchange but the max they could invest per month is about 10USD (they made about 150USD a month). Unless using XRP or BCH or something, coins like ETH cost like 20USD for the transfer (exchange fees). Of course, yet another reason centralized exchanges suck.

dontblamemeivotedfor

> The worst they could possibly do, is to create a fork and kill their own business in the process. ROFL. You've never heard of BCH? Where exactly do you think that came from?

dontblamemeivotedfor

> Let's say it would be theoretically possible. What's the outcome for bitmain? Rewriting a few blocks and killing the business they build for over a decade? You mean just like their use of "Covert ASICboost" and multi-year-long FUD campaign against SegWit, followed by their creation of BCash and their dumping of their BTC stockpile to try to "flippening" everyone into using BCH instead of BTC, cost them their business? Or are you so new that you don't know about any of that?

DrSpeckles

Really think this is a case of a technology looking for a solution, rather than a solution or a requirement looking for a tech. I don’t think we’ve seen anything, apart from currency like BCH / KASPA that isn’t already done using normal apps. I just don’t see the advantage of adding a blockchain into the equation.

uduni

Bro please explain how 51% attack allows double spend. At least try to explain it to yourself. Every tx is validated by every full node around the world. Like we saw in 2017, full node runners are in control, miners are not (BCH was the miner chain and lost) A 51% attack is a censorship attack. But as fee pressure builds up, eventually a fork will happen with the attackers on one side and honest miners on the other. Which chain will nodes follow? Obviously the honest chain. This is why fees are the only true source of security in any chain (attackers can get the block subsidy, but they cant get the fees if they are censoring)

uduni

Do u even try to understand this stuff? How would u drain wallets? Full nodes around the world validate every tx. Taking over pools would allow u to censor transactions. However fee pressure would build up on the non-censored chain (honest miners), eventually causing a fork. The world would go with the honest chain, which happened in 2017 (BCH is miner-controlled, BTC is user-controlled). Fees are the only source of security on any chain for this reason

Atyzzze

Oh I know, took me quite a while to understand BCH wasn't going where I hoped I'd go.

dcur3

No, not really referencing anything in particular. I just think through time its done its job, no downtime, easily accessible, and can be quick enough despite what people say on here. Thats why I really dont believe in things like BCH, LTC, BSV. Bitcoin just continues to get stronger both in numbers and in technology.

kajunkennyg

Imagine holding BCH.... I sold that right after the fork.

Blockchainauditor

The same private key that controls the BTC controls the BCH from that first fork, and the same amount of BSV from a later fork … as well as lots of other little amounts from other forks.

KimNeiAssnKluusMiet

I'm checking out these subs too from time to time when I'm bored, haha. I've been to Safemoon a lot back in the day. Also BitcoinSV or Bitcoin Cash. People pretend that a shop accepting BCH in Kongo will make them rich, it's hilarious. "Sooner or later they will realize what the real Bitcoin is" lmao.

DrSpeckles

Bitcoin. Not that hijacked version BTC but the real one BCH that can actually handle the transactions. KASPA looks the goods too.

biba8163

Stevie wonder would do a lot better than this strategy. With this strategy, you're rotating money into shitcoins at near tops or ATHs. Rotating money into top 10s, you're buying: - ICP at $300 - LUNA at $80 - CRO at $0.90 - AVAX at $134 - BCH at $1,500 - SHIB at ATH - MATIC at $0.90

KimNeiAssnKluusMiet

Not really. Many had new ATHs in 2021. BCH is slowly dying. But there are other examples, yes.

KimNeiAssnKluusMiet

Imagine looking at this chart and thinking "Yes, BCH is a great investment, it will soon skyrocket to ATH!" https://i.redd.it/5f4uw8b9vaid1.gif

KimNeiAssnKluusMiet

Just imagine that people look at this chart and think "Yes, BCH is a great investment, it will soon skyrocket to new ATH!" https://i.redd.it/f1lnr49yuaid1.gif

AbbreviationsLive475

I dumped ADA and converted it all to SOL lol cardano is just doesn't show any promise to me. But then again, what do I know? I still think BCH might be useful... Should I dump Bitcoin Cash too?

jaimewarlock

If that is true, wouldn't his wallet refuse to accept the address? Sure, I can send BTC to a BCH address because they are both forks from the same chain, but I can't send BTC to an ETH address. My wallet would just say it's a bad address. And even if his wallet would accept and sign the transaction, wouldn't the ETH network refuse the SOL transaction if they are totally different formats?

Due-Glove4808

Sure they can make up their own shitcoin like BSV or BCH, everyone else will stay in real chain.

Obsidianram

And then, in the end, BTC becomes but a door stop as BCH takes its' place, along with many other alts - the greedy mofomaxis losing it all and learning a valuable lesson...

shifty_pete96

BCH Bull

Ateszamokesz

BCH - bitcoin cash xd

EmpiricoMillenial

>Hi, I have no idea about crypto other than clicking the buy button on Binance or Revolut. Stop doing that and start learning more about cripto in general. Really, starts as soon as posible. >Most of my investment is with Binance Is not an investment, it is a bet. It could be consider an invest if you do self custody... but if you let your crypto in other hands (binance or Revolut) yo don't own nothing. >but I'm starting to wonder if it's a good idea to keep it there. Definetely, no. >I would like to move my crypto to Revolut, is this possible at all? That's worse even. >I heard about Wallets, but I'm a bit hesitant to use them and move my crypto there as it seems so complicated, It is so complicated like the first time you do something in your life: think about hike bike, drive, swin, use a pc or maybe a new software. every thing it is new for us seems hard but is not necessary. >and like with one small mistake you could lose it all. Just step by step and always try sending a little bit fraction of your assets. If you have 1 BCH, just send the lowest possible (like 0.005 BCH) >Is there an app that makes it an easy process? I also feel like if I lose my phone and the app is gone I lose my investments. Not necessary but you need to read a lot about how blockchain works. Your cryptos are not in your phone, your cryptos are in the blockchain and you only need to know the way to proof there are your, that is usually with a seed phrase in a wallet (could be cold or hot) Really, just keep calm and start reading, specially if you have a big part of your portfolio or 'savings' in crypto.

MinuteStreet172

BCH didn't exist 10 years ago. Yet Mt. Gox users who held BITCOIN, are also getting BCH. It would be interesting to test which of the two versions of Bitcoin performs better, is closer to what the white paper and Satoshi himself portrayed, and is more likely to bank the unbanked.

DangerHighVoltage111

And today BCH is the chain the continues Satoshis p2p cash, while BTC sucks up to politicians for NgU and can't do most p2p cash transactions without custodians anymore, while being filled up with JPGs. You are stuck in 2017.

biba8163

Satoshi designed the Bitcoin protocol so that a forked chain would go essentially go to zero. BCH was designed to go to zero. > If someone was getting ready to fork a second version, I would have to air a lot of disclaimers about the risks of using a minority version. This is a design where the majority version wins if there's any disagreement, and that can be pretty ugly for the minority version and I'd rather not go into it - Satoshi During the 2017 split, BCH supporters kept pointing to this and saying they have all the hashpower and small block chain was designed to die off. After the hashpower followed BTC, BCH implemented a protocol change using Emergency Difficulty Adjustment (EDA) to keep the BCH chain alive. The miners gamed the hell out of the system exploiting the coin hopping attack to scoop up cheap BCH in short amounts of time which resulted in wildly swinging erratic block times. BCH then again implemented a protocol change, the Difficulty Adjustment Algorithm (DAA) to keep the chain from being gamed to death. BCH is Frankenstein chain that was kept alive by multiple protocol changes to milk money from dummies. Today, you'll have BCHers who got duped saying they they don't care about the price. If you look at 2017, you can read lots of posts and comments about them being gleeful for selling all their BTC for BCH saying BTC is in a death spiral and going to die and BCH will outperform. It takes some mental gymnastics to say making multiple emergency protocol changes to a chain in a death spiral was what Satoshi intended. But it take Olympic level of mental gymnastics to say they prefer $300 to $60,000. > Sold all my BTC for BCC. Thanks Viabtc for leading the way! ...Because right now, the price for BCC is about 10x lower than the price for BTC. If you buy now, you can convert each BTC into 11 BCC. https://np.reddit.com/r/btc/comments/6ovkbs/sold_all_my_btc_for_bcc_thanks_viabtc_for_leading/ > Just sold all my BTC for BCH...The congested network and high fees was writing on the wall. https://np.reddit.com/r/btc/comments/9kjwj2/just_sold_all_my_btc_for_bch/ > Sold all my BTC for BCH...BCH fees are just cents. So far it's the best coin I've seen https://np.reddit.com/r/btc/comments/7po2ym/sold_all_my_btc_for_bch/ > Sold all my BTC, Bought BCH ... I always trust my gut. My gut feeling is it's going to the shitter for BTC https://np.reddit.com/r/btc/comments/7f3ho2/sold_all_my_btc_bought_bch/

tofubeanz420

BCH. Tokenization, smart contracts, low fees guaranteed.

Realistic_Fee_00001

>BCH has been 51%'d. This is another one of these lies Maxis like to tell. When the majority of miners return coins that people accidentally sent to segwit addresses against an attacker that tries to steal these coins you don't call it an attack. Otherwise you would need to call every block an attack, because usually good miners have more than 51% that's the default on Bitcoin. >It's was controlled by a single mining pool at one point and also by a couple of pools working together. I think the two biggest pools right now have over 40% of the hashrate. Yes that was in 2009 when they started mining. You can compare miner decentralization here: BCH: https://explorer.melroy.org/graphs/mining/pools BTC: https://mempool.space/graphs/mining/pools BCH has a lot of unknown miners likely BTC miners that do not want to show they mine BTC >You also are mistaken about the game theory involved here. The fact that BTC miners can mine BCH with their setup is definitely worth noting, but it DOES NOT mean that malicious actors avoid BCH. It's simple an incentive for BTC miners not to attack the network. You state it yourself, the incentive is to not attack BCH. Irrational attacker are of course always a threat but they lose money while doing so. Currently they lose more money attacking BTC than BCH. But you first need someone willing to spend money to attack. BCH has been secure for 7 years and there were no lack of hate for it. One would think a rich BTc maxi would already have attacked it no? The truth is attack a chain has much less impact than is usually anticipated. eCash and BSV both have been successfully attacked for some time but eventually the attack stopped and the chain continued and they are still here independent from what we think about their validity. >If a malicious group attacked the BCH network they could in all probability do significant damage with double spends before any significant amount of BTC hashrate could swap over. The double spent coins are easily laundered away and a reorganisation of the chain will be too late. Then do it. >In the past when a fork happened on BCH a miner ended up with coins that they shouldn't have. I think you misunderstand how forks work. How can a miner end up with coins that they shouldn't have? They get exactly what they mine nothing more nothing less. >A couple of mining pools collaberated to 51% attack the network and change things. Whilst this 51% reorganisation was done out of good intent, it proves that the chain is not that secure. Yes, same for BTC. You need 3 mining pools to get over 51% on BTC sometimes even 2 are enough. >For anyone reading, don't trust, verify! Here's a good starting point: https://www.coindesk.com/tech/2019/05/24/bitcoin-cash-miners-undo-attackers-transactions-with-51-attack/ If this would have happened on BTC Maxis would be full of praise and tell you: "see Bitcoin works the good miners won" But not on BCH on BCH a 51% attack is fabricated. 🤷‍♂️ To be honest I would have let these coins rot there. Fuck the segwit hack (every segwit tx is a anyone can spend tx) to bad for the people who use it.

NorskKiwi

BCH has been 51%'d. It's was controlled by a single mining pool at one point and also by a couple of pools working together. I think the two biggest pools right now have over 40% of the hashrate. You also are mistaken about the game theory involved here. The fact that BTC miners can mine BCH with their setup is definitely worth noting, but it DOES NOT mean that malicious actors avoid BCH. It's simple an incentive for BTC miners not to attack the network. If a malicious group attacked the BCH network they could in all probability do significant damage with double spends before any significant amount of BTC hashrate could swap over. The double spent coins are easily laundered away and a reorganisation of the chain will be too late. In the past when a fork happened on BCH a miner ended up with coins that they shouldn't have. A couple of mining pools collaberated to 51% attack the network and change things. Whilst this 51% reorganisation was done out of good intent, it proves that the chain is not that secure. For anyone reading, don't trust, verify! Here's a good starting point: [https://www.coindesk.com/tech/2019/05/24/bitcoin-cash-miners-undo-attackers-transactions-with-51-attack/](https://www.coindesk.com/tech/2019/05/24/bitcoin-cash-miners-undo-attackers-transactions-with-51-attack/)

Realistic_Fee_00001

To be honest the question about "real Bitcoin" isn't a good question to begin with. BTC took ticker and branding because of exchanges and hashrate but we don't know if hash was a result of taking the branding early, really. But when you ask the "real Bitcoin" question you should ask what it was intended for. Which is easy to see when you read the whitepaper and what satoshi later wrote: p2p cash. So if you are interested in that you use BCH. But as there is no real Linux, there is no real bitcoin. It is a decentralized project after all. Maxis of course know why they defend being Bitcoin, it was and is their ticket to success, because technically it's one of the worst.

I_Hate_Reddit_69420

Only one part of it ends up in shitcoin graveyard though, and it’s not always clear which one that is going to be. With the blocksize wars back in 2017 it really wasn’t clear which fork was going to be the real “Bitcoin”. BCH had majority minor support initially, but they didn’t have the support of node operators, so they ended up switching back to BTC.

Realistic_Fee_00001

If you look at the history you'd recognize, that this is not the case. BCH has been attacked and won. BSV has been attacked and lost but nothing happened to the price. eCash has been attack and little happened to the price. And they are all still here. If you are honest, the reason is branding.

Realistic_Fee_00001

BCH is the only PoW coin that works as p2p cash. BTC miners are also BCH miners they switch according to profitability. Which means they have absolutely no interest in harming BCH because it makes them money. This is why you haven't seen a 51% attack in the 7 years since BCHs split. The cost of attacking BCH is unknown because yo do not know how many miners switch to defend it. (which has happened already) Of course you can use PoS, you can also use paypal for quick transaction what you can't use is a sound PoW chain for quick transactions for millions.

Realistic_Fee_00001

BCH lost the ticker but it gained the freedom to actually scale Bitcoin. It's biggest hurdle is shaking of the lies BTC Maxis told about it. Not being decentralized is one of them. If you look at miner distribution, there are almost the same meaning BCH is as decentralized as BTC. Furthemore BCH has different development teams as a lesson from the takeover. BTC still has centralized development.

Realistic_Fee_00001

Oh no another post poorly trying to hide it is an anti BCH post. BCH took a big hit after it lost the ticker but since they started building and BTC/LN failed as was already known in 2015. BCH is doing great. It works way better than BCH all it needs is some recognition and to fully shake of the narrative Maxis put on it. BCH has OP codes Maxis are only dreaming about. They all could build their new dream L2, after LN failed, right now on BCH. It has instant, cheap and reliable transactions and contrary to popular Maxi slander this doesn't stop with higher traffic. Yes Satoshi didn't like chain splits, but he never imagined that the chain could be crippled. 2010-10-04 19:48:40 UTC - - It can be phased in, like: if (blocknumber > 115000) maxblocksize = largerlimit It can start being in versions way ahead, so by the time it reaches that block number and goes into effect, the older versions that don't have it are already obsolete. When we're near the cutoff block number, I can put an alert to old versions to make sure they know they have to upgrade. Yet here we are. Good luck FUDing BCH.

NorskKiwi

I think they mean it's not dentralised enough because it can be 51% attacked. One can hokd BTC and use DPoS coins for quick, fast and cheap transactions. A couple of seconds transaction time at a fraction of a cent in cost. It's understandable people have zero interest in BCH, it has no usecase for them.

OderWieOderWatJunge

Posts like " Truth take time... In France we used to say: "When lies take the elevator, truth takes the stairs..." BCH works Fact" from users like "BCHisfuture" 🤣😥🤣

CrossTit

Why does BCH defeat decentralization? Almost anytime I actually spend Bitcoin, I use BCH. It functions how Satoshi intended originally. Peer-to-peer. Always quick, easy, and most places that accept BTC accept it.

PovasTheOne

Picked up some doge cause its like the BTC when it comes to meme coins. Looking at some Link / BCH. But i am already too deep into them so not buying yet at these prices. What are yall doing? Buying or praying?

Street_Pipe_6238

Just the warning, BCH is being pumped by pretty much few individuals there will be a bigger post with data, probably for dump after market gets 100% (active BCH over last 5 years) more supply from mtgox claims. Careful

Exotemporal

Who did the analysis? Very cool to have a number! My best guess prior to the distribution was 50% of the BTC (and more of the BCH), looks like I was pretty close or even spot on if we include the people who need a couple of weeks to decide.

Exotemporal

Most are getting 21% back, so roughly one fifth of a bitcoin for every bitcoin they held at MtGox when the site went down. Most of the 21% are paid in BTC and BCH, some of it was paid in Japanese Yen. Creditors who opted for a later payout will be getting a few percents more.

GreemBeam

Don't get me wrong I'm not talking 32mb blocks (with the ability to increase) akin to BCH. Moores law should double tech every 2 years (twice the storage for the cost). So a static 1mb every 4 years I think would be fine, still small blocks ensuring a node is always within reasonable cost whilst also giving the sentiment that it gets better with time whenever we're in a fanatic bull market and the networks congested and scaling becomes a hot topic again.

EndSmugnorance

With BTC yes. There are other cryptos which solved the scalability problem like Monero or BCH.

DangerHighVoltage111

Nah, this is new and BCH in a very different position.

justjoner

BCH leading the pack? It’s 2017 all over again

coinfeeds-bot

tldr; The CoinDesk 20 Index, which tracks the performance of 20 major cryptocurrencies, saw a 3% increase since the previous Friday, reaching 2362.16. This rise was led by Bitcoin Cash (BCH) with a 21.2% surge and Litecoin (LTC) with a 6.8% increase. Thirteen out of the twenty assets in the index traded higher, while Render Token (RNDR) and Near Protocol (NEAR) were among the laggards, dropping by 4.1% and 2.8% respectively. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

CdrClutch

BCH. That is all

swampjester

> Existing nodes already had connections to other existing nodes in order to not be fooled by the sybil nodes and continue operation. This completely misses the point- if there are, say, 100,000 existing nodes, and now 10 million new bcash nodes, then why isn't the latter now the new bitcoin? They clearly have more nodes than the former? How would you decide which is the correct bitcoin consensus, if node count is what matters? What you're not understanding is that a node alone is not enough to affect consensus: **you must have both a node AND bitcoin to affect consensus.** One without the other is incomplete. If there is a fork, and your node is not being used to receive bitcoin at all, then your node will have zero impact on whether your fork or the other fork wins. It will relay transactions and blocks on your preferred chain, but that's it. **Economic weight is what matters, ultimately.** That's why BTC defeated BCH- it had more economic value backing it.

coinfeeds-bot

tldr; Bitcoin neared the $70,000 mark following Donald Trump's speech where he proposed making Bitcoin a national strategic asset if elected. Bitcoin Cash (BCH) and the memecoin BRETT led the crypto market gains, with BCH outperforming despite expectations it would suffer due to Mt. Gox payouts. Trump's plans include firing the current SEC Chair, building a strategic Bitcoin reserve, and preventing the U.S. from selling its Bitcoin holdings, aiming to position Bitcoin alongside gold as a valuable asset. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

marsh2907

BCH

PovasTheOne

Another good day to be in BCH. How are we feeling about Atom?

oopssomething

What's up with BCH, just keeps on pumping

tofubeanz420

As on BCH

GreenStretch

I like The Modern Investor's take. Including BCH and ETC in all the institutional arrangments suggests that some big money was in before the forks.

IntentionDeep651

well mt gox money will start hitting market now lets ser how we hold . Esp the iliquid BCH will get shit ton of new supply

IntentionDeep651

oh my gosh so many BCH which is so illiquid will come dumping

shifty_pete96

Bitcoin Cash, and BCH Bull hedging premiums.

Joohansson

Partial depending on the amount. Most seems to have got between 15-25% with some outliers at 10 and 30%. If you held 1 btc, you should have received around 0.3 BTC + 0.3 BCH + 100k JPY (around $600 in cash). But also depends what payment you choose. There were some options to get payment now, final payment some years later on (which would be some more %), crypto or cash.

Joohansson

Depends on the amount. Most seems to have got between 15-25% with some outliers at 10 and 30%. If you held 1 btc, you should have received around 0.3 BTC + 0.3 BCH + 100k JPY (around $600 in cash).

CointestMod

#Bitcoin Cash Con-Arguments Below is a Bitcoin Cash con-argument written by Blendzi0r. > # What is Bitcoin Cash (BCH)? > > Bitcoin Cash is a [hard fork](https://www.investopedia.com/terms/h/hard-fork.asp) of Bitcoin. It was launched in 2017. [It has 32MB blocks instead of Bitcoin’s 1MB](https://www.coindesk.com/learn/2015/08/21/what-is-the-bitcoin-block-size-debate-and-why-does-it-matter/), so it can handle many more transactions per second (TPS). And that’s the main difference between BTC and BCH, as its goal was to tackle [Bitcoin’s scalability problem](https://en.wikipedia.org/wiki/Bitcoin_scalability_problem) without the second layer solutions. > > # What are the cons of BCH? > > **IT’S CENTRALIZED** > > BCH “inherited” BTC’s supply distribution from July 2017 when it was launched but the supply held by large addresses [has become more concentrated over time](https://coinmetrics.substack.com/p/coin-metrics-state-of-the-network-2d3) (while BTC is even more decentralized today). > > In 2019, [just two mining pools were able to perform a 51% attack](https://www.coindesk.com/tech/2019/05/24/bitcoin-cash-miners-undo-attackers-transactions-with-51-attack/). And although it was done for a good cause – to stop an unknown miner from exploiting a bug – it can serve as a prove that BCH was centralized already back then. > > ​ > > **THE NARRATIVE IS ON BITCOIN’S SIDE** > > The value of Bitcoin has gone up more than 2,000% since July 2017 while BCH has stayed below its price from July 2017 most of the time, not to mention its [ATH price of $4,355](https://coinmarketcap.com/currencies/bitcoin-cash/) (it's 86% down from ATH as of 31.10.2021). > > Also liquidity and real-world usability of Bitcoin Cash [is nowhere near that of Bitcoin](https://www.investopedia.com/tech/bitcoin-vs-bitcoin-cash-whats-difference/#citation-4). It is clear that the great majority of investors chose Bitcoin after the 2017 hard fork and BCH is seen as an inferior copy. > > ​ > > **IT HAD ITS OWN HARD FORKS** > > People cringe at Internet Computer’s name, but for me, Bitcoin Satoshi Vision (BSV) takes the cake. It’s a hard fork of Bitcoin Cash that took place in late 2018. It has even larger blocks than BCH – [2GB](https://finance.yahoo.com/news/world-record-2-gigabyte-block-130000498.html). > > In 2020, there was another hard fork that produced two new chains- Bitcoin Cash ABC and Bitcoin Node. This shows that Bitcoin Cash has failed not only against Bitcoin, but had splits among its own community, further hurting its credibility. > > ​ > > **IT'S SCALABILITY COMES AT A COST** > > Bigger blocks have certain [disadvantages](https://www.sfox.com/blog/is-bigger-better-how-to-evaluate-bitcoin-cash-based-on-block-size/). Running nodes when the blocks are big requires more resources. Also, the commissions from transaction fees are lower, which makes mining the coin less appealing. This might result in nodes being manageable only by big, private companies, making BCH even more centralized. > > ​ > > **ITS MAIN ADVANTAGE ISN’T UTILIZED…** > > Although BCH’s blocks can handle up to 32MB of data, [they have not reached even 2MB since they were introduced in 2018](https://bitinfocharts.com/comparison/size-btc-bch.html#3y). What's more, their average size is currently much lower than that of Bitcoin’s blocks. > > Taking into consideration the point above about the disadvantages of bigger blocks, it makes you wonder why BCH would push for such big blocks when most of the time they don't even use 3% of their capacity. > > ​ > > **… AND EVEN IF IT WAS, THERE'S LIGHTNING NETWORK** > > [SegWit](https://www.investopedia.com/terms/s/segwit-segregated-witness.asp) allows second layer solutions to be implemented on Bitcoin. One of those solutions is Lightning Network which has become very popular recently after being [adopted by El Salvador](https://bitcoinmagazine.com/markets/lightning-network-bitcoin-usage-adoption-el-salvador) and [Twitter](https://www.theblockcrypto.com/post/118450/twitter-rolls-out-bitcoin-tipping-for-ios-users-via-lightning-looks-to-nfts-for-the-future). > > Lightning Network effectively eliminates the main advantage of Bitcoin Cash by allowing faster and cheaper transactions with bitcoins. Even if BCH fully utilized its 32MB blocks, it wouldn't be able to compete with Lightening Network. > > \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ > > **SUMMARY** > > Bitcoin Cash is a much worse store of value than Bitcoin and now it is also losing the electronic cash narrative, since the growing adoption of [Lightning Network](https://en.wikipedia.org/wiki/Lightning_Network) makes Bitcoin a much cheaper and faster payment option. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin_Cash) to find submissions for other topics.

CointestMod

#Bitcoin Cash Pro-Arguments Below is a Bitcoin Cash pro-argument written by a deleted user. > Bitcoin Cash was designed to match Satoshi's original vision for a "peer-to-peer electronic cash" system when Bitcoin gradually shifted into becoming Store of Value. It is a hard fork of Bitcoin with minor differences. > > **Transaction costs**: On average, transaction costs are under a penny, way less than ~$20 for Bitcoin between Jan to May 2021. This makes it much better for P2P payments and microtransactions. > > **Transaction scaling** Even though there aren't enough many people using BCH to get anywhere near the cap, it does support 200 TPS. Real transaction size is the same as Bitcoin: ~500 bytes/Tx. This shows that BCH's 32MB blocks do not have wasted empty space. > > **High total transactions**: As of Oct 2021, according to BlockChair, there have been 345M transactions for BCH, which is over half of BTC's 680M transactions. That's way higher than Cardano (16M), Litecoin (91M), and XLM (38M). > > **Faster-adjusting hash puzzle difficulty**: Bitcoin has a notoriously-bad, 2-week hash puzzle difficulty cycle. It only adjusts every 2 weeks, which often causes issues when the network hash rate changes, like when China banned its miners in 2021. Bitcoin Cash doesn't have this issue becuase it uses an auto-adjusting, 144-block, moving-difficulty for its puzzle difficulty. It's constantly adjusting to match 10-minute block confirmations. > > **Shared hash function as Bitcoin**: BCH uses the same SHA256 hash function as BTC, which means that it can piggyback off the ASIC mining infrastructure of BTC. > > **No mempool delays** > > Unlike Bitcoin, which has seen transaction delays of 100K+ transactions several times in 2021, (equivalent to waiting 7-9 hours for settlement), there are no delays for BCH. Its mempool rarely goes above 1 MB thanks to both fewer transactions and 32x larger block size. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin_Cash) to find submissions for other topics.

coinfeeds-bot

tldr; Bitcoin's price dropped to near $65,000 as Kraken began distributing assets to Mt. Gox creditors, causing market sentiment to falter. Bitcoin cash saw a 7% decline, while other major cryptocurrencies like Solana, Ripple's XRP, and Cardano also experienced drops between 4%-5%. The distribution of nearly $9 billion worth of BTC and BCH from the defunct exchange Mt. Gox, which collapsed in 2014 due to a hack, has been a significant concern for investors, worried about the potential sell-off on the open market. Ether remained relatively stable, supported by strong trading volumes from U.S.-listed spot ETFs. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Ashkara2

As far as I know (I checked on X), a mix between BTC and BCH - depends on your wallet balance at that time.