Bitcoin Cash was created to be the everyday man’s money for small purchases. It’s now ironically rising because large financial players are getting regulatory approval to trade it with clearing house custody for institutional trading only. Is it an ironic twist of fate for the coin that exists to defy and free mankind from the chains of the Federal Reserve, to rise off regulators approving it over it’s competitors?
https://www.youtube.com/watch?v=g8H1LCzPcWk
https://www.youtube.com/watch?v=g8H1LCzPcWk
I did not hear anyone referring to Bitcoin Cash with the description. BCH hardfork was mainly to increase the sizes of the blocks and thus to reduce transaction fees and make them faster by confirming them in an average of less than 10 minutes due to the large size of the block, but there were no promises to use it for daily transactions, but rather a promise of a faster currency and less fees compared to in bitcoin.
It is true that Bitcoin Cash fees are lower, but this is because the blocks are mined empty. If Bitcoin Cash is tested at the same rate as Bitcoin, it will fail as the large block size will facilitate double spending and will not reduce the fees because it is not a solution to the problem.
