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bcash? It's wild to me that we are almost 8 years after the blocksize war and some people still don't understand why we need small blocks. Boggles the mind.

bcash blocks are too large which, if people actually used it (which they don't) it would centralize node operation only to large datacenters that can process the blocks fast enough to validate them.

This means that a normal person, such as myself, who does not have access to millions of dollars of hardware and a low-latency datacenter to house is, cannot independently verify the blockchain, new blocks, and new transactions.

This means that the network is not trustless anymore, and that is the one thing that bitcoin has that no other monetary network in the history of civilization has had. You've just thrown the baby out with the bath-water, so to speak.

Bcash is garbage, a shitcoin, and going to 0 against bitcoin. In fact it's well on it's way to 0 already. Bcash is down 98% since it high against bitcoin just after the fork. If you had 1.0 bitcoin and you bought bcash after the fork, congratulations you have 0.02 bitcoin now.

If you support bcash you are either:

1. paid to do so

2. ignorant

BitcoinStu 1y ago

what's amusing is you say "decentralized" in the same paragraph where you say "but not everyone can run their own node". You justify that by saying "well, not everyone has to". But all you're really doing is contracting yourself.

If not everyone can run a node, then it's not trustless. It's really quite simple and has nothing to do with "banker talking points". I knew that I wanted to be able to validate the chain myself long before the "bankers" were involved in bitcoin. Before bcash was created, adding yet another failed contentious hardfork.

There is a reason that bcash is down 98%. And it's not "talking points". It's because many of us who have studied enough to understand what's important in a monetary network realize that bcash is a centralized garbage shitcoin.

Bitcoin only. You'll learn, one way or the other.

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BitcoinStu 1y ago

"most can run a node". Only because no one uses bcash. If they did, no one can run a node without millions of dollars of hardware in a low latency datacenter.

The fees on bitcoin are trivially cheap.

Bitcoin on the base chain will not be a global payments network. That will require L2 and L3 solutions.

I am not contradicting myself at all. I'm telling you that I REQUIRE a network that allows me to run a node on my laptop. Anything else and I am not interested.

So you can continue to use bcash and I will continue to use bitcoin. Good luck.

BitcoinStu 1y ago

as far as "being duped" you apparently don't know what that means. I understand bitcoin deeply after a decade of intense study. I have an opinion based on facts and experience. You might disagree with me, and that's fine, but I have not been "duped". I just require certain things in a monetary network if I am going to store my family's wealth in it. And cheap and easy validation is one of those things.

Bcash is not trustless and therefore I am not interested. I have not been "duped" into believing bcash is not trustless, I KNOW it based on understanding the technology.

If you are comfortable with a network you cannot validate, good for you. Best of luck with that. Personally I am not and I will continue to run the network who's code I run on my laptops. You can call it "fake bitcoin" I dont care what you call it. I don't care what the "original design" was. I know what the code says because I've read it. That's the network I choose, the one I can validate myself. It's really quite simple.

You might again say I've been "duped" into believing i need to validate the network myself. I believe you've been duped into believing you don't need to be able to.

Different opinions. The biggest difference you can see is that your network is down 98% when priced in my network. The market appears to agree with me.

Good luck with your bcash, I'll stick with bitcoin.

BitcoinStu 1y ago

the amazing thing about open source software is that you can run whatever version you want (well in the case of bcash you can't really run your own node, but putting that fact aside).

Some people wanted to trade security and decentralization for scalability. Others wanted to sacrifice throughput for cheap and easy validation.

I've studied both systems. I like the one with the small blocks. You should use the one with big blocks if you like. You can make all the payments you want. Of course, the value of your wealth stored in the network is going to zero... but at least you can buy coffee with it.

I will continue to use bitcoin, with it's small blocks, 1.5 trillion dollar market cap, and rapidly approaching global adoption.

It's amazing that we both get to choose which network we use. Good luck with your bcash, I'm sticking with bitcoin.