Decentralized proof-of-work is King. All proof-of-stake can be manipulated, but any move to digitization might be outside current system, and accelerate its collapse.
It could be manipulated, but then, what happens to the confidence in the crypto? It goes into the toilet. Other than the fork between ethereum and ethereum classic, no such example exists of a proof of stake ecosystem being systemically manipulated.
Because Bitcoin Cash sets out to do what Bitcoin was originally created to do, be a peer-to-peer electronic cash system. And it does it pretty well.
All Bitcoin (BTC) has going for it right now is price and hash (hash follows price, BTC miners can and do switch to BCH to mine when it becomes more profitable to do so due to the difficulty adjustment algorithm). If/when the economy collapses, BTC will go along with it thanks to a lot of tether and phony fiat price manipulation. Who knows if will ever recover.
7 tps is not enough to service the world, it's an intentionally sabotaged dead-end that ends up forcing people to buy BTC and leave it on exchanges or pay tx fees so high during periods of tx congestion that they say screw it and just use centralized status quo alternatives like CashApp/Zelle.
BTC has held the crypto space back from real-world adoption, and interest groups that are part of the WEF (and by extension proxies of the DS) such as MIT's DCI along with AXA and other such entities have shaped BTC by socially constructing a false narrative and manipulating developers.
Bitcoin Cash takes all that made Bitcoin great prior to 2017 (really 2015 is when things began to noticeably change) and improves upon it.
Vitalik Buterin was originally planning on releasing a smart-contract standard on BTC but it economically didn't make sense to do on a chain that couldn't exceed even seven transactions per second, and so he developed ETH.
Bitcoin Cash has its own scripting language that allows for smart-contracts that was passed through a decentralized process called CHIP to implement features so one node implementation/development team can't control it (unlike BTC's Bitcoin Core and Blockstream entities) and aims to take Bitcoin where it's not able to go today.
Correct. You have nailed the game being played by globalist. They need confidence in proof of stake to shift everyone over to crypto system before they try and steal it, but if they move too fast or try something too obvious, then it scares everyone away. After current system collapses and everyone over in crypto, they can then attempt to manipulate proof-of-stake to "reassign" assets via some sort of forced redistribution [SUSPECTED INTENT].
Most people still don't understand the difference between proof-of-stake and proof-of-work, and it is possible that humanity is currently generally too dumb to be able to figure out how to actually use crypto effectively. We are at the BOTTOM of a very steep learning curve with a cognitively impaired and mind-controlled population.
I also don’t understand it. So someone set up a company for digital currency and sets a limit of how many coins their algorithm will produce. So miner computers start mining these carbon coins and a value is placed on it. How does the price go up when more coins are mined that would I think make value go down until all of them are mined and the coin is accepted everywhere to purchase things. Also how do you limit how many digital currencies can be developed? Is it not gonna end up like all the currencies in the world and have to have a way to transfer from one to the other for purchasing powers? Like I would have to have a wallet for each different curry or is there going to be one currency that everyone has to use and if no one is able to mine anymore and no one will sell any of theirs then people who spent all theirs or can’t mine anymore are screwed. That’s no better than the elites making money and laundering it back to themselves to buy assets that are of value and common people can’t get that kind of cash freely to buy assets. I’m so confused on the whole digital cause like people ask about power outages or emp events but what about rural areas with very little if any cell service and you can’t get on the internet how you gonna buy something when you can’t access your digital wallet? I don’t seem to have the intelligence to understand DC no matter how much o read
i'm with you. if it's digital then we will need electric on constantly. any black outs and we are all screwed. and what about hackers? if our SS#'s aren't safe, our bank accounts aren't safe, credit cards, etc., how is bitcoin going to be safe?
i'm with you fren, i'm not understanding how crypto is safer.
Decentralized proof-of-work is King. All proof-of-stake can be manipulated, but any move to digitization might be outside current system, and accelerate its collapse.
It could be manipulated, but then, what happens to the confidence in the crypto? It goes into the toilet. Other than the fork between ethereum and ethereum classic, no such example exists of a proof of stake ecosystem being systemically manipulated.
Typical Bitcoin Maximalist FUD.
There was a Bitcoin fork as well. BTC vs BCH. Some folks still believe BCH is the “real” bitcoin.
Because Bitcoin Cash sets out to do what Bitcoin was originally created to do, be a peer-to-peer electronic cash system. And it does it pretty well.
All Bitcoin (BTC) has going for it right now is price and hash (hash follows price, BTC miners can and do switch to BCH to mine when it becomes more profitable to do so due to the difficulty adjustment algorithm). If/when the economy collapses, BTC will go along with it thanks to a lot of tether and phony fiat price manipulation. Who knows if will ever recover.
7 tps is not enough to service the world, it's an intentionally sabotaged dead-end that ends up forcing people to buy BTC and leave it on exchanges or pay tx fees so high during periods of tx congestion that they say screw it and just use centralized status quo alternatives like CashApp/Zelle.
BTC has held the crypto space back from real-world adoption, and interest groups that are part of the WEF (and by extension proxies of the DS) such as MIT's DCI along with AXA and other such entities have shaped BTC by socially constructing a false narrative and manipulating developers.
Bitcoin Cash takes all that made Bitcoin great prior to 2017 (really 2015 is when things began to noticeably change) and improves upon it.
Vitalik Buterin was originally planning on releasing a smart-contract standard on BTC but it economically didn't make sense to do on a chain that couldn't exceed even seven transactions per second, and so he developed ETH.
Bitcoin Cash has its own scripting language that allows for smart-contracts that was passed through a decentralized process called CHIP to implement features so one node implementation/development team can't control it (unlike BTC's Bitcoin Core and Blockstream entities) and aims to take Bitcoin where it's not able to go today.
There have been over 100 bitcoin forks, many of them have faded away and have become inactive.
https://101blockchains.com/bitcoin-forks-list/
Correct. You have nailed the game being played by globalist. They need confidence in proof of stake to shift everyone over to crypto system before they try and steal it, but if they move too fast or try something too obvious, then it scares everyone away. After current system collapses and everyone over in crypto, they can then attempt to manipulate proof-of-stake to "reassign" assets via some sort of forced redistribution [SUSPECTED INTENT].
Most people still don't understand the difference between proof-of-stake and proof-of-work, and it is possible that humanity is currently generally too dumb to be able to figure out how to actually use crypto effectively. We are at the BOTTOM of a very steep learning curve with a cognitively impaired and mind-controlled population.
I also don’t understand it. So someone set up a company for digital currency and sets a limit of how many coins their algorithm will produce. So miner computers start mining these carbon coins and a value is placed on it. How does the price go up when more coins are mined that would I think make value go down until all of them are mined and the coin is accepted everywhere to purchase things. Also how do you limit how many digital currencies can be developed? Is it not gonna end up like all the currencies in the world and have to have a way to transfer from one to the other for purchasing powers? Like I would have to have a wallet for each different curry or is there going to be one currency that everyone has to use and if no one is able to mine anymore and no one will sell any of theirs then people who spent all theirs or can’t mine anymore are screwed. That’s no better than the elites making money and laundering it back to themselves to buy assets that are of value and common people can’t get that kind of cash freely to buy assets. I’m so confused on the whole digital cause like people ask about power outages or emp events but what about rural areas with very little if any cell service and you can’t get on the internet how you gonna buy something when you can’t access your digital wallet? I don’t seem to have the intelligence to understand DC no matter how much o read
i'm with you. if it's digital then we will need electric on constantly. any black outs and we are all screwed. and what about hackers? if our SS#'s aren't safe, our bank accounts aren't safe, credit cards, etc., how is bitcoin going to be safe?