That branch of Bitcoin that we call "Bitcoin Cash"

Source: ElBitcoin Original Title: That branch of Bitcoin we call “Bitcoin Cash” Original Link:

I am convinced that Bitcoin Cash (BCH) is the best version of Bitcoin. I did not come to this conclusion through a religious experience, far from it. After years of reflection, I still believe that BCH is not only consistent with Satoshi's proposal about what Bitcoin was and how it should scale, but I also think that Satoshi's own position is consistent with reality ( that is, he was right ).

For Satoshi Nakamoto, the technological solution described in the Bitcoin whitepaper addressed the need for a decentralized and censorship-resistant payment method, and as he presented it, a network that does not rely on the goodwill of its participants, but on the economic incentive that enables those who are honest to stand up to potential attackers ( that we must always assume are there).

Essentially, that is Bitcoin. And the security of that Bitcoin that was in the mind of Satoshi Nakamoto does not rely on a user running five non-mining nodes, but on its proof of work system (POW); that is to say, it is a Bitcoin whose decentralization is manifested in the underlying infrastructure formed by the miners.

Miners, as part of this system, are reliable market agents, not because Satoshi assumed that human beings were naturally <<good>>, but because he knew that the principles of economics impose themselves over good wishes as they are a reflection (that we have come to know) of reality. It is clear then that I am not referring to the asset that everyone knows by the name of Bitcoin: I am not referring to Bitcoin-BTC.

The branch of Bitcoin that I defend

When I talk about Bitcoin in the terms I express in the previous paragraphs, I refer to the IDEA raised under that name. An idea with a historical context that still has supporters. That idea lives on in Bitcoin Cash (BCH). Whether Bitcoin maximalists like it or not, BCH is another branch of that project. It is the continuation of that proposal and the way of thinking that the first bitcoiners had.

A branch that in 2017 became a P2P network independent of Bitcoin-BTC ( that is to say, a different cryptocurrency in terms of name ) even knowing that this decision would mean having to rebuild much of the infrastructure and to regain the adoption that had been achieved up to that point. But also a branch that values those <<classic>> ideas enough to put them into practice.

That is Bitcoin Cash (BCH), and I am convinced of these ideas. The vision of the Bitcoin Cash branch of the Bitcoin project is worthwhile for me because I know that its approach to BCH as decentralized money that can be used worldwide as a digital payment method is what humanity will need in the medium and long term.</classics></good>