I disagree with your last sentence.. Every other crypto is the natural response to what happened to the original Bitcoin - it was taken over by a group of people hell bent on ruining crypto. The original Bitcoin forked into Bitcoin and Bitcoin Cash.. I believe Bitcoin Cash is much more aligned with the original vision for crypto - and the fact that it is valued less in dollars is irrelevant right now.
The problem is, back in 2008, most people used desktop or laptop computers. One of the key ideas of Bitcoin was to let every node have the full chain, this is only possible if everyone has enough disk space. Back in 2008 most people had magnetic hard drives doubling in size every 2 years by Moores law 500GB or 1TB where common.
This would have been enough for the idea of BCH, where block size increase, to keep the fees down and the number of transactions on chain high. Then it happened, most people switched to phones and SSD's arrived, suddenly everyone was okay with just 32GB of storage in a desktop computer, or 8GB - 16GB in a phone. Which means BTC with alternative scaling solutions became a necessity.
Today however, if it wasn't for Chinas fuckery with Taiwan and the chip shortage, SSD's are growing up to multiple TB in size for a reasonable price. Which would have made the original Bitcoin possible again from a scaling perspective.
Perhaps it wasn't all that bad tho, seeing how many alt coins have solved the scaling problem in a whole bunch of creative ways, sharding (Ethereum), dynamic block size (Monero), multiple connected chains (Nano and a few more), and so on.
It did. Original Bitcoin was corrupted with all sorts of questionable 'upgrades' and limitations and people decided to preserve the original plan and that became Bitcoin Cash.
It didn't fork, the questionable upgrades resulted in a separate forked coin though that got promoted by scammers working for those threatened by Bitcoin.
Fortunately they're irrelevant, barely kept alive by deep state shitcoin casinos.
You can believe what you will.. and in the end, the market will decide. I do not believe cryptos like Eth would ever have gained so much ground on Bitcoin if it weren't for Bitcoin's completely artificial 1mb block limit imposed by the people that were able to take it over (and also remove the original Bitcoin developers). As crypto gains more and more of a foothold, and naturally takes more of the financial markets over time, the cryptos with the most utility will win out in the end. I believe Bitcoin Cash, with its emphasis on fast, low-cost, on-chain transactions will end up just being easier - and it will go up in value based no ease of use. In fact, I believe it's currently being artificially held down in value do to exchange manipulation - and people removing their BCH from exchanges will inevitably drive it way up in price.
But, I do hedge my bets.. and I own a lot of different cryptos.. even Doge.. because money itself has become a joke.
I disagree with your last sentence.. Every other crypto is the natural response to what happened to the original Bitcoin - it was taken over by a group of people hell bent on ruining crypto. The original Bitcoin forked into Bitcoin and Bitcoin Cash.. I believe Bitcoin Cash is much more aligned with the original vision for crypto - and the fact that it is valued less in dollars is irrelevant right now.
Bitcoin cash is a failure do not invest.
Every other crypto gives up security for performance. Bitcoin shifts performance to Layer 2 while its keeps the base blockchain as secure as possible.
The problem is, back in 2008, most people used desktop or laptop computers. One of the key ideas of Bitcoin was to let every node have the full chain, this is only possible if everyone has enough disk space. Back in 2008 most people had magnetic hard drives doubling in size every 2 years by Moores law 500GB or 1TB where common.
This would have been enough for the idea of BCH, where block size increase, to keep the fees down and the number of transactions on chain high. Then it happened, most people switched to phones and SSD's arrived, suddenly everyone was okay with just 32GB of storage in a desktop computer, or 8GB - 16GB in a phone. Which means BTC with alternative scaling solutions became a necessity.
Today however, if it wasn't for Chinas fuckery with Taiwan and the chip shortage, SSD's are growing up to multiple TB in size for a reasonable price. Which would have made the original Bitcoin possible again from a scaling perspective.
Perhaps it wasn't all that bad tho, seeing how many alt coins have solved the scaling problem in a whole bunch of creative ways, sharding (Ethereum), dynamic block size (Monero), multiple connected chains (Nano and a few more), and so on.
"the original forked"
🤣
It did. Original Bitcoin was corrupted with all sorts of questionable 'upgrades' and limitations and people decided to preserve the original plan and that became Bitcoin Cash.
It didn't fork, the questionable upgrades resulted in a separate forked coin though that got promoted by scammers working for those threatened by Bitcoin.
Fortunately they're irrelevant, barely kept alive by deep state shitcoin casinos.
You can believe what you will.. and in the end, the market will decide. I do not believe cryptos like Eth would ever have gained so much ground on Bitcoin if it weren't for Bitcoin's completely artificial 1mb block limit imposed by the people that were able to take it over (and also remove the original Bitcoin developers). As crypto gains more and more of a foothold, and naturally takes more of the financial markets over time, the cryptos with the most utility will win out in the end. I believe Bitcoin Cash, with its emphasis on fast, low-cost, on-chain transactions will end up just being easier - and it will go up in value based no ease of use. In fact, I believe it's currently being artificially held down in value do to exchange manipulation - and people removing their BCH from exchanges will inevitably drive it way up in price.
But, I do hedge my bets.. and I own a lot of different cryptos.. even Doge.. because money itself has become a joke.
Blockstream is the deep state of the bitcoin universe.
Just check out the adam back epstein connection. They blocked the stream of bitcoin by limiting the first layer to 1MB blocks.
Bitcoin cash is a continuing of what satoshi made. Read the whitepaper.