WHY Bitcoin Cash is the real Bitcoin
So you’ve heard of Bitcoin Cash — one of the top cryptocurrencies along with BTC and Ethereum. But why does it exist? Is it a cheap copy of Bitcoin? A pump-and-dump scheme? An attempt to hijack the brand and attack Bitcoin? In my estimation, the opposite is true. Bitcoin Cash is everything that Bitcoin was supposed to be, before it was taken over by a small group of radically minded “Core developers”, largely through propaganda and censorship.
Bitcoin Cash was born not out of greed, deceit, or opportunism, but rather from the passion of the community who wanted to see Bitcoin continue as peer-to-peer electronic cash.
The August 1st fork was (and still is) a divorce with heated emotions on both sides.
Bitcoin, from the early days, was touted as a low fee solution to global payments. It would have never gained any traction to begin with had it not been superior in this regard. Satoshi Nakamoto (Bitcoin’s creator) even said, “We should always allow at least some free transactions”.
At the time of this writing, BTC transaction fees are about $10, and have been recently as high as $50, according to bitinfocharts.com.
Bitcoin Core current transaction fees are high by design, as the Core developers intentionally did not allow any meaningful capacity increase — which in turn created a highly competitive “fee market”.
Although fee rates have declined since December, they have no choice but to rise again if more people want to transact.
By contrast, Bitcoin Cash transactions are accepted by miners at the rate of 1 sat/byte, which equates to a penny or less for most transactions.
Saying bitcoin cash will be better than Bitcoin is unbelieveable for me. You think the best 500 devs in the world are working on Bitcoin are doing it for the buzz! Nobody uses bcash & if they did it would just crash as no skilled devs are working on it, same goes for 99% of other alts, none have come near the scaling issues Bitcoin has had to deal with, that why lighting is being developed, to deal with tx off chain for security & mass use
Bitcoin transaction fee is too expensive