What is Bitcoin? Bitcoin is a purely peer-to-peer version of electronic cash which allows online payments to be sent directly from one party to another without going through a financial institution. The Bitcoin Whitepaper outlines the original use case; written by the creator of Bitcoin and Blockchain technology, Satoshi Nakamoto. Bitcoin started out as p2p e-cash but there was contention over raising block sizes to allow larger blocks, resulting in more transactions per block, lower fees and more usable electronic cash. The chain split over the consensus during August of 2017 and Bitcoin Cash was born as a fork of Bitcoin, using an Adjustable Blocksize Cap. All users who held Bitcoin Core (BTC) at block 478558 are also owners of Bitcoin Cash and can claim forked BCH. All are welcome to join the Bitcoin Cash community as we move forward in creating a usable, peer-to-peer electronic cash system for the entire world.
Satoshi Nakamoto, the creator of Bitcoin, made his intentions clear that he wanted to eventually increase the blocksize of BTC. Those efforts in BTC have been stiffled by Blockstream and the developers on their payroll. Any developers who wanted to improve the Bitcoin protocol on chain have gone elsewhere. Bitcoin Cash has an adjustable blocksize cap and continues to grow with consistent protocol improvements, increasing merchant adoption, strong privacy features for users, and a large community of developers behind the project.
There are many who struggle with using Bitcoin Core (BTC) because it doesn’t work as electronic cash should. BTC has high fees during times of increased use, or users incur long wait times trying to use lower fees. This has created an unnecessary bidding war to get into the next block, going as high as $50+ during the last bull run. Eventually people who want to actually use Bitcoin as a currency, run a business around it, and/or develop apps on top of it realize that Bitcoin Cash is on to something. BCH functions properly as fungible, peer to peer electronic cash with a solid focus on individual privacy, protocol improvements, merchant adoption and ease of use.
KEEP BITCOIN FREE
The Revolution will NOT be Centralized
Spread Bitcoin Cash to the Masses
KeepBitcoinFree.org was originally created as a small block propaganda website in May of 2013, launched by Peter Todd. It has since transferred ownership to those who wish to see Bitcoin used for it’s original purpose, as fungible peer to peer electronic cash. It now proudly promotes the use of Bitcoin Cash – BCH & Zcash – ZEC, both utility driven blockchains with a focus on scaling, low fees, and fungibility / user privacy.
Contact us for more info about Bitcoin Cash, Zcash ZEC, or just to say hello =)