Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (1)
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This claim of BCash being the original bitcoin is not correct in any way, technically or otherwise, except perhaps to retroactively spin historical facts to suit the bcash self promoting false narrative.
The more accurate historical rendition remains that bcash is and has been a minority attack on our lovey dovey existing bitcoin; however, we could likely concede that if bcash were to gain network backing in various ways then at that time they could proclaim to be the real bitcoin, but to be honest they have to admit that they started out as a renegade and minority attack on the real bitcoin
This claim of BCash being the original bitcoin is not correct in any way, technically or otherwise, except perhaps to retroactively spin historical facts to suit the bcash self promoting false narrative.
The more accurate historical rendition remains that bcash is and has been a minority attack on our lovey dovey existing bitcoin; however, we could likely concede that if bcash were to gain network backing in various ways then at that time they could proclaim to be the real bitcoin, but to be honest they have to admit that they started out as a renegade and minority attack on the real bitcoin
Correct.
However, I think that it is highly improbable that Bitcoin Cash will gain any network backing whatsoever.
Just take a look at the development of active BCH addresses:
Since the start of January the number of active BCH addresses has dropped from ~295000 to ~51000.
This looks like a dying coin to me. This is probably also the reason why the spam attacks on the real
BTC blockchain have stopped or at least decreased in intensity. With every day that passes it makes
less sense to prop up BCH and therefore attacks on BTC become also less interesting.
In order to be fully transparent I admit that the active Bitcoin (BTC) addresses have also dropped in this time
frame, but not by such a big percentage.