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.
I don't have anything against Bitcoin Cash and I wish all the success in the world that the people involved with it can get.
Any innovations in any crypto ultimately benefit the crypto community as a whole.
But I have to call out the nonsense made up stuff that BCH people have directed at BTC since BTC has outclassed and outperformed BCH
The Bitcoin Cash Fork off of Bitcoin Happened on August 1, 2017, Over 7 years ago and since then Bitcoin has showed its superiority. They were equal at that time and since then BTC has dominated in every way, from its increase in value, to the number of transactions per day it processes, the number of nodes it has, its hashrate, the number of developers it has and the number of new innovations they have created.
At that time there was a lot of arrogance from the BCH people, about how BCH would take over and the opposite has happened. Roger Ver who admitted that the technological details were not his strong area but because of his superior Economic knowledge "Knew" that BCH would be the big winner.
The split came about because of a difference of opinion in the size of the processing blocks. The small block BTC people said that increasing the size of the blocks would result in fewer computers being able to do the processing and more centralization.
The big block BCH people said the tradeoff was worth it. The result an increase in size by 50 of memory only resulted in a 30 times increase in speed, not a good increase in scaling, So BCH can now get up to 210 transactions per second which wont cut it in a world where Visa can do 43,000 Transactions per second and BTC and other cryptos have incorporated L2 Networks like lightning which can go past 1,000,000 transactions per second.
So since BCH has failed to live up to its proponents boasts they have taken to just making up crap like BCH is the "True" Bitcoin, whatever that means. They also spread just stupid stuff about Bitcoin like BTC has been handicapped on purpose by a secret cabal that has taken over it and controls it.
First of all anybody who knows anything about the contentious arguments that can take place among developers when changes are proposed just laughs at the idea that Bitcoin Developers just sit around meekly waiting for instructions from their corporate bosses.
And despite this if you look at the Github Repositories of The Source Code For BTC and Also BCH you see how Bitcoin BTC dominates there also.
And the creator of Bitcoin, most likely Hal Finney, came up with the idea of 1 Megabyte Transaction Blocks and ten minute separations of new blocks because he wanted to emphasize security and make it resistant to attacks. That accounts for the original 7 to 10 transactions per second speed, not some deliberate attempt to sabotage it.
It has gone well beyond this speed with the incorporation of layer 2 Enhancements like Lightning, Layer 2 and Layer 3 enhancements are already adding new capabilities to many cryptos and will play an important part in enabling even Billions of people to use cryptos at the same time.
Bitcoin BTC has not held anything back, Anybody can try to create a crypto and develop new ideas and it has been around so long and has got so much publicity that it makes new people comfortable with the idea of trying out crypto.
Anybody can get a Bitcoin Backed Debit Card and use it for everyday purchases and more and more people are doing that.
Predictions of the Soon To Be Crash and Burn of Bitcoin have been constant over the last 15 years. The predictors never seem to learn.
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.
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.
Oh No
More BCH BS
I don't have anything against Bitcoin Cash and I wish all the success in the world that the people involved with it can get. Any innovations in any crypto ultimately benefit the crypto community as a whole.
But I have to call out the nonsense made up stuff that BCH people have directed at BTC since BTC has outclassed and outperformed BCH
The Bitcoin Cash Fork off of Bitcoin Happened on August 1, 2017, Over 7 years ago and since then Bitcoin has showed its superiority. They were equal at that time and since then BTC has dominated in every way, from its increase in value, to the number of transactions per day it processes, the number of nodes it has, its hashrate, the number of developers it has and the number of new innovations they have created.
At that time there was a lot of arrogance from the BCH people, about how BCH would take over and the opposite has happened. Roger Ver who admitted that the technological details were not his strong area but because of his superior Economic knowledge "Knew" that BCH would be the big winner.
The split came about because of a difference of opinion in the size of the processing blocks. The small block BTC people said that increasing the size of the blocks would result in fewer computers being able to do the processing and more centralization. The big block BCH people said the tradeoff was worth it. The result an increase in size by 50 of memory only resulted in a 30 times increase in speed, not a good increase in scaling, So BCH can now get up to 210 transactions per second which wont cut it in a world where Visa can do 43,000 Transactions per second and BTC and other cryptos have incorporated L2 Networks like lightning which can go past 1,000,000 transactions per second.
So since BCH has failed to live up to its proponents boasts they have taken to just making up crap like BCH is the "True" Bitcoin, whatever that means. They also spread just stupid stuff about Bitcoin like BTC has been handicapped on purpose by a secret cabal that has taken over it and controls it.
First of all anybody who knows anything about the contentious arguments that can take place among developers when changes are proposed just laughs at the idea that Bitcoin Developers just sit around meekly waiting for instructions from their corporate bosses. And despite this if you look at the Github Repositories of The Source Code For BTC and Also BCH you see how Bitcoin BTC dominates there also.
And the creator of Bitcoin, most likely Hal Finney, came up with the idea of 1 Megabyte Transaction Blocks and ten minute separations of new blocks because he wanted to emphasize security and make it resistant to attacks. That accounts for the original 7 to 10 transactions per second speed, not some deliberate attempt to sabotage it.
It has gone well beyond this speed with the incorporation of layer 2 Enhancements like Lightning, Layer 2 and Layer 3 enhancements are already adding new capabilities to many cryptos and will play an important part in enabling even Billions of people to use cryptos at the same time.
Bitcoin BTC has not held anything back, Anybody can try to create a crypto and develop new ideas and it has been around so long and has got so much publicity that it makes new people comfortable with the idea of trying out crypto.
Anybody can get a Bitcoin Backed Debit Card and use it for everyday purchases and more and more people are doing that.
Predictions of the Soon To Be Crash and Burn of Bitcoin have been constant over the last 15 years. The predictors never seem to learn.
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.