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 was written by the creator of Bitcoin & father of all cryptocurrencies – Satoshi Nakamoto. All Bitcoin Core (BTC) holders at block 478558 are also owners of Bitcoin Cash, BCH. All are welcome to join the Bitcoin Cash community as we move forward in creating a usable electronic cash system for the entire world.
Keep Bitcoin Free from hostile source code takeover. “A small group of programmers calling themselves ‘Bitcoin Core’ wrested control of the legacy development branch of Bitcoin and began to insist, counter-intuitively, that Bitcoin was incapable of scaling to more than 250,000 transactions per day… As the network finally hit this imposed capacity limit in 2016, Bitcoin began to lose many of the features that made it so attractive in the first place. Transaction fees skyrocketed…. and transaction confirmation times became increasingly unreliable; users could find themselves waiting hours or days for their payments to clear… They also began to remove many of the defining features of Bitcoin, making transactions reversible (‘replace-by-fee’) and stripping the digital signature data that mathematically guarantees one’s Bitcoins are safe with something called ‘Segwit’.” Bitcoin Cash is Bitcoin & understanding the forks.
Keep Bitcoin Free from unnecessary fees – current fee comparison of BTC vs BCH.
Through extensive censorship and persuasion, the Bitcoin Core (BTC) devs & moderators have kept block sizes small & created an economy of fees for miners. This creates costly fees & long wait times for all users of BTC. It also forces users off-chain to third party applications in order to make payments with reasonable fees. Bitcoin Cash (BCH) has solved these issues by increasing the block size through a hard fork, adding instant, 0-conf transactions & only requiring very low fees. With multiple development teams and growing adoption among merchants and users of Bitcoin Cash, it is clear that this is the true peer to peer version of electronic cash that Satoshi envisioned.
Keep Bitcoin Free from centralization. By forcing users to off-chain solutions in order to use BTC as a payment system, the Bitcoin Core (BTC) devs have allowed a centralized hub infrastructure and introduced numerous vulnerabilities. In order to use the Lightning Network, you need to first set up one or more channels to route your payment to the recipient. Then you need to lock up Bitcoin within the channel on chain (as much as you intend to eventually spend). When the amount is diminished, then the channel is settled and closed, on chain again. High fees (depending on the network) must still be payed when opening or closing a channel. For this infrastructure to work as intended, there must be large hubs that route LN payments for users and provide liquidity. The large amount of funds needed to back these hubs are likely provided by financial institutions and other large holders. By increasing the block-size, in turn lowering fees and transaction times, Bitcoin Cash has solved these problems plaguing the outdated technology behind Bitcoin Core and brought usability back to Bitcoin (BCH).
Keep Bitcoin Free from censorship & government interference. Governments are increasingly trying to ban, regulate, tax or track cryptocurrency users. The need for privacy has pushed innovation in the form of CashShuffle & Local.Bitcoin.com for Bitcoin Cash BCH. CashShuffle is a fully decentralized coin mixing protocol that shuffles your Bitcoin Cash with other network participants. This shuffling process obscures your real spending and makes it difficult for chain analysis companies to follow your transactions. There are many more development efforts focused on the privacy of users in the use of their Bitcoin. Local.Bitcoin.com is a platform for BCH users to arrange the purchase & sale of Bitcoin Cash, peer to peer, with almost any payment method available.
r/Bitcoin on Reddit no longer exists for discussing Bitcoin & expressing opinions and thoughts on technology. The moderators at r/Bitcoin have been censoring any dissenting discussion against their narrative and instead move to promote Blockstream’s Lightning Network & labeling anything other than the ticker BTC, as a “shitcoin”.
For censorship free discussion about all things Bitcoin, visit the r/BTC subreddit at:
Join Memo.cash at:
KEEP BITCOIN FREE.
The Revolution will NOT be Centralized. Spread Bitcoin Cash to the Masses.
Bitcoin Cash – BCH/USD
Exchange Bitcoin Cash to Fiat and vice versa, peer to peer, without KYC, using almost any payment method.