Bitcoin Cash: The Continuation of Satoshi Nakamoto's Original Vision

Source: ElBitcoin Original Title: That branch of Bitcoin that we call “Bitcoin Cash” Original Link:

I am convinced that Bitcoin Cash (BCH) is the best version of Bitcoin. I did not come to this conclusion through a religious experience, far from it. After years of reflection, I remain convinced that BCH is not only consistent with Satoshi's proposal about what Bitcoin was and how it should scale, but I also believe that Satoshi's own position is consistent with reality ( that is, he was right ).

For Satoshi Nakamoto, the technological solution described in the Bitcoin whitepaper addressed the need for a decentralized and censorship-resistant payment method, and as he presented it, a network that does not rely on the goodwill of its participants, but on the economic incentive that allows the honest to confront potential attackers ( that we must always assume are there ).

Essentially, that is Bitcoin. And the security of that Bitcoin, which was in the mind of Satoshi Nakamoto, does not rely on a user running five non-mining nodes, but rather on its proof of work system (POW); that is to say, it is a Bitcoin whose decentralization is manifested in the underlying infrastructure formed by the miners.

Miners, as part of this system, are reliable market agents, not because Satoshi assumed that human beings were naturally <>, but because he knew that the principles of economics impose themselves over good wishes as they are a reflection ( that we have come to know ) of reality. It is clear then that I am not referring to the asset that everyone knows by the name of Bitcoin: I am not referring to Bitcoin-BTC.

The branch of Bitcoin that I support

When I talk about Bitcoin in the terms I express in the previous paragraphs, I refer to the IDEA proposed under that name. An idea with a historical context that still has supporters. That idea remains alive in Bitcoin Cash (BCH). Whether Bitcoin-BTC maximalists like it or not, BCH is another branch of that project. It is the continuation of that proposal and the way of thinking that the early bitcoiners had.

A branch that in 2017 became an independent P2P network from Bitcoin-BTC ( that is to say, a different cryptocurrency in terms of name ) even knowing that this decision would involve having to rebuild much of the infrastructure and regain the adoption that had been achieved up to that point. But also a branch that values those ideas <> enough to put them into practice.

This is Bitcoin Cash (BCH), and I am convinced of these ideas. The vision of the Bitcoin Cash branch of the Bitcoin project is worth it to me because I know that its approach to BCH as decentralized money that can be used worldwide as a digital payment method is what humanity will need in the medium and long term.