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Bitcoin Cash Strengths: People + Technology = Power
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Some days ago I posted a Bitcoin Cash SWOT analysis (Strengths, Weaknesses, Opportunities and Threats). In the meantime I expanded the main document, and tested it on rAltStreetBets. I think it did well, see for yourself in the comments. Here I'll just post an updated Strengths section, which I expanded thanks to inputs from some of you, thanks!

TL;DR Technology is just an enabler, it must be used. To use something, it's not enough that it exists somewhere as a tech solution, someone must bring it to you, introduce it to you, help you get it set up etc. BCH is doing that, there are volunteers everywhere doing merchant outreach, meetups etc. BCH is building the network of users, and I feel that is the main strength and greatest opportunity where it could bank the unbanked, bank the neglected people who will eventually grow their economy and all be familiar with crypto because BCH first introduced it to them.

Strengths

Bitcoin Cash is an instance of Bitcoin, the invention. With that we inherited a technology that has worked without fail since 2009, a technology which first solved the double-spend problem without requiring central authority and made magical internet money possible. This peer-to-peer electronic cash system achieved it by using proof-of-work system which enables anyone too freely, without an enrollment process, participate in securing the network and get rewarded for it. Many other cryptocurrencies have popped up since 2009, but I believe none of them can promise the same security model. This is a major strength of Bitcoin Cash.

Over time mining competition resulted in arms race for specialized hardware, also known as mining ASICs (Application-specific integrated circuit) so while anyone is free to mine, they need to make capital investments to be competitive. I see this as a great thing for our security -- because they make miners committed, they can't run off and do something else with their computing power. Once they buy the equipment they must mine with it to get a return on that capital investment.

Technology is just an enabler, though. People build, and we have a lot of devoted people, all around the World, who speak diverse languages and are coming from diverse cultures and background. Isn't that something special? I think it is. You built this! Yes, you!

  • You, node builders, 6 distinct teams! You're busy building node implementations, thinking about how to improve on what can be done with Bitcoin Cash while being extra careful to keep the security promise. What are nodes? Computer programs which operate directly on our blockchain, they are our backbone. Like e-mail servers and the complex network between them.
  • You, miners! You're running one of those node software, and are busy building and securing the blockchain, block by block, every 10 minutes or so. You never stop, how could you? There's a great reward hiding in every block!
  • You, wallet developers, too many to count! You're busy building wallets, thinking about the how to do what can be done, to serve the user the best. You build our financial e-mail clients. We use whichever one we like, and it connects us to a server and enables us to send financial messages, also known as money.
  • You, the user! You get to enjoy all that, you get to send these financial messages! You are also building, without even knowing it! You see, in a free market environment, financial messages i.e. choosing who to send money to plays a very important role. It creates a complex network, where fellow humans are rewarded with these money messages for goods and services they produce, and it really is a message. Message saying: I like your product/service, please make more!
  • You, another user! You are on the other end, receiving them. You are the one building a product/service for your fellow humans and you are getting these financial messages as encouragement for further work! You are building businesses, big and small. Keep building!
  • You, the influencer! I'm not just talking about you stars. I'm talking about everyone who writes anything in public. You, yes you! Everything you write, someone will read. Think about that. When you're talking with someone on a forum, you're not only talking with that someone, you're talking with everyone who may be looking! There's a responsibility in that. You never know how it may affect those who observe, because they won't jump in to tell you but they will observe and make judgement. So be smart about it, think about good conduct!
  • You, holders and speculators! You support the growth of our market value! Even if you hold other assets, that's cool, get your "tendies" wherever you can, but don't forget to bring some back home :)

I see people as our main strength! Let's celebrate it!

Humans of Bitcoin Cash! You will grow Bitcoin Cash into a peer-to-peer electronic cash system for planet Earth! Who knows, maybe even beyond!

A few more words on technology

Bitcoin used to have pretty safe instant payments through 0-conf, and while those don't work anymore on BTC because of RBF and blocksize policy, those instant cheap payments are alive and well with Bitcoin Cash. People may complain about slowness but it's just because they only ever used exchanges which require a few block confirmation. For actual cash-like use, 0-conf works well. If you send money to a friend it'll appear in his wallet instantly and he can proceed to make other 0-conf transactions, like tip some people on Reddit who can then instantly proceed to make purchases with supporting merchants, like keys4coins. When a block is found, the entire chain of those 0-conf transactions will be in it because we will always have room in our blocks.

Bitcoin Cash nodes currently accept up to 32 MB blocks and have processed 32 MB blocks. The Testnet has safely tested 256 MB blocks, which will eventually be enabled on our mainnet. At 32 MB that's right around 280 transactions per second, PayPal level. A 256 MB block is about 2200 transactions per second, Visa level. BTC can at best process 7 Tps, Ethereum can process 30 Tps. High bandwidth, low bottleneck allows scaling where fees remain sub penny, around 1/5 of a penny, yet still incentivize secure and diverse miners. For the past month of February Bitcoin Cash has processed more transactions per day than Bitcoin, and the fees have never risen.

Bitcoin Cash also has smart contracts which allow many interesting possibilities and are quickly becoming popular in the B2B world. They allow things like Detoken, where you can hedge or go long on Bitcoin Cash. Similarly there is AnyHedge, where you can do derivatives trading. There is an upgrade proposal to enable native token support, which would enable smart contracts on Bitcoin Cash to do a lot more, and gain significant competitive advantage for common token uses like stablecoins and atomic swaps.

Because fees are so low tipping is possible on things like Reddit, Twitter, and Twitch. There are platforms with native Bitcoin Cash support: the Twitter-like noise.cash, and a Reddit/Medium hybrid read.cash. Thanks to 0-conf and all these services posting the tips directly to the blockchain, they all smoothly work with each other i.e. as soon as you get some cash on noise.cash you can use it to tip someone on Reddit and he can use it to buy something with 0-conf supporting merchants. It just works, magic internet money! There's also a peer-to-peer fundraising platform similar to Kickstarter, called Flipstarter.

These are not all projects, but it is a good sample of what Bitcoin Cash enables. People built these projects with Bitcoin Cash, it is always people who build! People are the strength, technology is just an enabler!

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