The block size of Bitcoin Cash makes running a node increasingly difficult due to the IBD. Given the same number of blocks, BCH would require approximately 16-32x as much hard drive space, which would also make it incredibly time consuming in areas of low bandwidth, which would de-incentivize node running and therefore, decentralization.
Satoshi discovered a wonderful thing, but he is not the end all, be all regarding Bitcoin. He made many mistakes along the way and with the help of other freedom-minded cypherpunks, was able to solve a lot of problems.
I'm not talking about miners. I'm talking about nodes. I'm also referring to internet bandwidth. There are still issues in non-first world countries.
You're free to run whichever version of Bitcoin that you want, but it's clear where developers see the most utility in the present and foreseeable future. There is a reason The Blocksize Wars ended the way they did.
I also don't see any large banks, hedge funds, or intelligent investors placing their bets with Bitcoin Cash. There is good reason for that too.
There is a reason The Blocksize Wars ended the way they did.
To impose a degree of centralization onto a previously decentralized network
I also don't see any large banks, hedge funds, or intelligent investors placing their bets with Bitcoin Cash.
Let's acknowledge that the point of Bitcoin was to destroy those institutions. They're just embracing the coin with the largest market cap. If Bitcoin weren't hijacked, they would be embracing pure, decentralized, big-blocked Bitcoin.
It was obvious back then that the shady team were the small blockers. The Big Blockers were definitely more liberty focused. As someone who has followed bitcoin since 2010, I can say that those in favor of layer 2 scaling are not the same liberty-loving breed as the OG's.
I'm not recommending that any reader should buy Bitcoin Cash. I'm saying that without a propaganda campaign that changed bitcoin, there'd have been no need to create Bitcoin Cash. Bitcoin Cash is not Bitcoin, however. It's just a copy of what Bitcoin was supposed to be.
As an attendee to many liberty/crypto conferences, I can confidently say that the real anarcho-capitalists/ freedom loving people are the Bitcoin Cashers BCH. The Bitcoin maximalists were those that wanted to play nice with the big banks and governments, pay taxes, ID verification, etc early on. Look up any debate between Roger Ver and Tone Vays to see BCH vs btc. Roger Ver actually understands liberty and Austrian economics and Tone Vays is... well, a jew. Tone never even showed up to the liberty crypto conferences, whereas Roger set me up with a wallet and sent me Bitcoin back in the day just to show me how it works. If you own Bitcoin and don't move it, cool. But I actually used Bitcoin a lot early on and I remember those crazy fees in 2017 with btc. If it's intangible, price should follow it's utility. On the other hand, we don't have rational markets and now that Bitcoin has other mainstream adoption vehicles that are not bitcoin, plus tether and other stable coins etc, btc can be manipulated and I think it is. I think THEY will blow Bitcoin way way up, then crash it, and then roll out CBDCs as the solution to their Hegelian dialectic
You're telling me that in 2024, the average consumer electronic device can't handle downloading and processing more than 1MB of data every 10 minutes? That is less than a floppy disk and the average YouTube video takes more bandwidth.
And running a node does fuck all for the network if it's not contributing hashrate. The only reason to run a node without mining is if you run a business where verifying transactions is mission critical. The average person does NOT need to run their own node. This is part of the small-blocker narrative that makes absolutely no sense when you think about it.
The block size of Bitcoin Cash makes running a node increasingly difficult due to the IBD. Given the same number of blocks, BCH would require approximately 16-32x as much hard drive space, which would also make it incredibly time consuming in areas of low bandwidth, which would de-incentivize node running and therefore, decentralization.
Satoshi discovered a wonderful thing, but he is not the end all, be all regarding Bitcoin. He made many mistakes along the way and with the help of other freedom-minded cypherpunks, was able to solve a lot of problems.
Hard drives have fallen in cost substantially since segwit and will continue to fall into the future. Really not an issue for any serious miner.
I'm not talking about miners. I'm talking about nodes. I'm also referring to internet bandwidth. There are still issues in non-first world countries.
You're free to run whichever version of Bitcoin that you want, but it's clear where developers see the most utility in the present and foreseeable future. There is a reason The Blocksize Wars ended the way they did.
I also don't see any large banks, hedge funds, or intelligent investors placing their bets with Bitcoin Cash. There is good reason for that too.
To impose a degree of centralization onto a previously decentralized network
Let's acknowledge that the point of Bitcoin was to destroy those institutions. They're just embracing the coin with the largest market cap. If Bitcoin weren't hijacked, they would be embracing pure, decentralized, big-blocked Bitcoin.
It was obvious back then that the shady team were the small blockers. The Big Blockers were definitely more liberty focused. As someone who has followed bitcoin since 2010, I can say that those in favor of layer 2 scaling are not the same liberty-loving breed as the OG's.
I'm not recommending that any reader should buy Bitcoin Cash. I'm saying that without a propaganda campaign that changed bitcoin, there'd have been no need to create Bitcoin Cash. Bitcoin Cash is not Bitcoin, however. It's just a copy of what Bitcoin was supposed to be.
Here's a random article about it that even mentions Epstein's name for anyone following along. No idea how accurate it is. https://medium.com/coinmonks/lightning-network-the-trojan-horse-of-the-crypt-industry-f26e3cc8cd46
As an attendee to many liberty/crypto conferences, I can confidently say that the real anarcho-capitalists/ freedom loving people are the Bitcoin Cashers BCH. The Bitcoin maximalists were those that wanted to play nice with the big banks and governments, pay taxes, ID verification, etc early on. Look up any debate between Roger Ver and Tone Vays to see BCH vs btc. Roger Ver actually understands liberty and Austrian economics and Tone Vays is... well, a jew. Tone never even showed up to the liberty crypto conferences, whereas Roger set me up with a wallet and sent me Bitcoin back in the day just to show me how it works. If you own Bitcoin and don't move it, cool. But I actually used Bitcoin a lot early on and I remember those crazy fees in 2017 with btc. If it's intangible, price should follow it's utility. On the other hand, we don't have rational markets and now that Bitcoin has other mainstream adoption vehicles that are not bitcoin, plus tether and other stable coins etc, btc can be manipulated and I think it is. I think THEY will blow Bitcoin way way up, then crash it, and then roll out CBDCs as the solution to their Hegelian dialectic
You're telling me that in 2024, the average consumer electronic device can't handle downloading and processing more than 1MB of data every 10 minutes? That is less than a floppy disk and the average YouTube video takes more bandwidth.
And running a node does fuck all for the network if it's not contributing hashrate. The only reason to run a node without mining is if you run a business where verifying transactions is mission critical. The average person does NOT need to run their own node. This is part of the small-blocker narrative that makes absolutely no sense when you think about it.