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RE: NIST Says Bitcoin Cash Is The Real Bitcoin... And It Is Making Me Sick
With the large blocksize it is extremely difficult to span BCH. Also "BCash" happens to be a Brazilian payment system.
With the large blocksize it is extremely difficult to span BCH. Also "BCash" happens to be a Brazilian payment system.
Brazillion, like a brazillion times Bcash has hustled people into their product.
Bcash is not at scale so at the moment nobody is willing to spend a lot of money to spam it. Once it get really used (I wonder if this will ever be the case, Litecoin is better off chain and LN is rolling out now) big players will spam, it is relatively cheap to raise the transaction price just enough to scare away the users (remember? users came to Bcash because it is cheap and not for any other reason). A hardfork will be forced by the users, so a rich individual or government can force bigger blocks (what leads to node centralization).
Actually, users initially switched to Bitcoin Cash because of the fundamentals. Now both merchants and users are starting to see that it's a lot more reliable and easy to accept than many other cryptocurrencies, but most people still don't seem to even realize how much cheaper it is than for example Litecoin.
There's a lot of misinformation, social media spam and sock puppets both spreading propaganda and pretending to be Bitcoin Cash users in order to discredit it. There were also initial set backs when launching the fork, although they were fixed later.
-This is an informational bear market for Bitcoin Cash, combined with a general bear market in crypto right now. Still, price stays relatively stable from where it was a few months ago. It may drop much more and the market would still be fine. All of this suggests that Bitcoin Cash - as opposed to the many fake airdrops that were released just prior to and after it - is here to stay.
Perhaps I'm making a mistake, but lets see how this comment aged 1, 2 and ultimately 4 years from now.