Exit Debasing Dollars
Money is merely a measuring tool. Dollars simply fail to reflect value attribution as if they weren't even an asset, devolved into valueless credits.
Lifespan (years) | Usefulness | Governance | Unit Cap | |
---|---|---|---|---|
Ꞩ (sats) | ∞ | ∞ | hard-fork consensus | 2.1Q |
USA | 100 | limited | centralized | ∞ |
Britain | 105 | limited | centralized | ∞ |
France | 95 | limited | centralized | ∞ |
Netherlands | 78 | limited | centralized | ∞ |
Spain | 111 | limited | centralized | ∞ |
Portugal | 80 | limited | centralized | ∞ |
Satoshis
In contrast, Bitcoin Cash is value attribution measurement software. Satoshis reflect all humanity's infinite hard work, time and abundance securely and accurately with absolute trustlessness.
The Fundamental 5
The differences between the original design and Bitcoin Core's new design can be captured with five critical ideas:
Bitcoin was designed to be digital cash used to make payments over the internet.
Bitcoin was designed to have extremely low transaction fees.
Bitcoin was designed to scale with blocksize increases.
Bitcoin was not designed for the average user to run his own node.
Bitcoin's economic design is as important as its software design.
Seize Your Power
Away From Banks
Bitcoin Cash operates as a decentralized peer-to-peer electronic cash system, allowing users to send and receive without the need for any centralized intermediary.
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution."
— Satoshi
Users Just
Being Users
True purchasing power is a reflection of usefulness. As user volume increases, on-chain spending sustains the growth and decentralization of mining operations.
"The current system where every user is a network node is not the intended configuration for large scale. That would be like every Usenet user [running] their own NNTP server. The design supports letting users just be users. The more burden it is to run a node, the fewer nodes there will be. Those few nodes will be big server farms. The rest will be client nodes that only do transactions and don't generate." — Satoshi
BTC Was Hijacked
Monetary energy is constant and naturally shifts to where it's most useful. Self-sustaining on-chain revenue decides which Bitcoin software implementation leads crypto onward.
Dishonest Miners
Despite dishonesty among Core developers and mining operations, and the breaking of the New York Agreement, Bitcoin developers took proactive steps to protect the original vision of Bitcoin. They created a contingency backup of the software, known as Bitcoin Cash (BCH), before any non-consensual changes took hold.
"I consider BCH a legitimate contender for the bitcoin name. I consider bitcoin's failure to raise block sizes to keep fees reasonable to be a large (non-consensual) change to the "original plan", morally tantamount to a hard fork."
— Vitalik
It Never Really
Hits a Scale Ceiling
Adaptive Blocksize eliminates the human trust requirement on mining operations.The more users we have, the stronger and more decentralized Bitcoin Cash becomes.Bitcoin Cash performs both autonomously and economically with no need to reject the majority of users by increasing costs.
"The existing Visa credit card network processes about 15 million Internet purchases per day worldwide. Bitcoin can already scale much larger than that with existing hardware for a fraction of the cost. It never really hits a scale ceiling. If you're interested, I can go over the ways it would cope with extreme size."
— Satoshi
Adaptive Blocksize Limit Algorithm
Escrow
Utilize escrow to ensure privacy while acquiring cryptocurrency. Multiple Bitcoin Cash applications offer this service, enabling users to maintain confidentiality.
High Precision
Arithmetic
Ensuring compatibility with modern systems is crucial for longevity. By implementing scalable mathematics, we can guarantee adaptability for future developments. Expanding address space not only enhances functionality but allows for a greater number of users and transactions. This improvement bolsters security by minimizing the risk of address collisions, streamlining data processing, and ultimately delivering superior performance and faster calculations.
1000 x
Efficiency
"Ethereum developers can think of Bitcoin Cash as featuring transaction-level sharding of both data and execution, account abstraction, deterministic gas pricing, all-or-nothing transaction chaining, zero-delay re-spending, a wider selection of MEV-resistance strategies, and no-fee contract deployment – user wallets both “deploy” and “destroy” contracts incrementally as part of their usage, improving overall network throughput and real-world privacy. All of this exists at “layer 1”, with exceptionally low-bandwidth transactions, low-resource archival nodes, ever-improving scalability (already 25,000 transactions per second on modest, 2020 hardware), and multiple strategies for “layer 2” systems if needed (e.g. Lightning Network would be more bandwidth-efficient on Bitcoin Cash than on BTC).The tradeoff between Ethereum and Bitcoin Cash is development complexity: Ethereum contracts use a simpler, single-threaded, global-state model vs. the multithreaded, stateless-validation model used by Bitcoin Cash, so Ethereum contracts are easier to develop but far more expensive to use. This architectural difference allows decentralized applications built on Bitcoin Cash to scale to millions of users without increasing transaction fees, even during periods of high network activity."- Bitcoin.com
Hard-Fork Consensus
The CHIP process on the BCH network is designed to be systematic, accountable, predictable, non-coercive, and gradual, allowing for thorough evaluation and commitment before any proposed changes are implemented. This structured approach ensures the network's stability both in minimizing controversial, reckless changes and accommodating widely accepted, needed changes.
"In a correctly functioning Bitcoin network no soft forks should ever happen." — Mike Hearn
Trustless Redundancy
Bitcoin Cash is supported by multiple independent development teams.Changes are allowed/disallowed by mining operations in consensus.Miners aren't required to be honest, only to be sufficiently willing to earn as much as the blockchain allows.No single group controls it.
“It is a global distributed database, with additions to the database by consent of the majority.” — Satoshi
Anti-War
The remaining 1% of the dollar's value relies on offloading debt to neighboring countries, where citizens pay taxes under the threat of violence and the instability of war. However, neighboring countries and their citizens now have a chance to reclaim their power.
"For in every country of the world, I believe, the avarice and injustice of princes and sovereign states abusing the confidence of their subjects, have by degrees diminished the real quality of the metal, which had been originally contained in their coins." — Adam Smith 1776
Stewardship
Being a good steward of money involves financial intentionality and following core principles, which foster peace, blesses others, and creates a positive impact.
Earn
Purchasing power increases with usefulness. The Bitcoin Cash blockchain enables high-velocity transactions for ideas (Native CashTokens) to come to life.
Budget
Create a budget that you can manage effectively, ideally with a partner if applicable, ensuring to include essential expenses like spending, saving, and charitable giving.
Give Generously
Be intentional about giving a portion of your income as it fosters generosity amongst God's kingdom, guards against greed, and demonstrates trust.
Avoid Debt
Live within your means to avoid unnecessary debt, and if you do have debt, create a repayment plan and utilize local food banks if needed.
Discover Purpose
Discovering purpose is discovering ourselves. We are most useful to each other through the powers of creation, love and mercy.
Realize Your Abundant Nature
We are abundant beings capable of boundless creation. Satoshis simply reflect this across time and space.
Save For The Future
Set aside as many Ꞩ's (sats) as you need in self-custody even in small amounts, to prepare for long-term financial security.
It's Just Money
Money isn't God, it's not abundance, it's meant to fade into the background as we live our lives.
Health Is Wealth
Take care of yourself and your loved ones, they're all that matters.
For more information read the whitepaper.
Join the Conversation
Pioneers, innovators and developers collaborate productively at bitcoincashresearch.org
Propose Change
It is recommended that proposed changes be tied to long-term BCH value. Learn More
Seek Wide Acceptance
Businesses, miners and holders can follow and participate in the public CHIP process and gain confidence about acceptance or rejection within each cycle, therefore increasing their investment confidence in BCH both as a platform and a currency.
Dispute Resolution
Rare and costly dispute-resolution to resolve disagreements.
For more details on the entire process please Click Here
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