Why Not Bitcoin Cash (bcash)

I mentioned some of the reasons why I don’t believe that Bitcoin Cash (bcash) is not a sound project in my review of the Coinbase coins. However, I want to expand on one topic in particular.

Bitcoin Cash is touted a “Medium of Exchange” (MoE) and why that makes Bitcoin Cash worthless.

Starting off, let’s list other cryptocurrency that can be used as a “Medium of Exchange”(MoE)

  1. Litecoin
  2. Ethereum
  3. Zcash
  4. Dash
  5. Monero
  6. Dogecoin
  7. Bitcoin Gold
  8. Bitcoin Diamond
  9. Pink
  10. Ripple
  11. MEM
  12. Ethereum Classic
  13. Verge
  14. Komodo
  15. Ark
  16. PIVX
  17. DigiByte
  18. BitcoinDark
  19. Byteball
  20. Zcoin
  21. Einsteinium
  22. BitBay
  23. Ubiq
  24. HempCoin
  25. PotCoin
  26. ZenCash
  27. PeerCoin

OK, I hope you get the point, I can’t list all the coins here, there are almost 1000 different coins claiming to be a the best “Medium of Exchange”. For a complete list checkout Coin Market Cap.

What features does Bitcoin Cash (bcash) have that ANY of these coins don’t?

  • Does Bitcoin Cash (bcash) have the lowest transaction fee?
  • Is Bitcoin Cash (bcash) accepted by more merchants?
  • Does Bitcoin Cash (bcash) have fast confirmation times?
  • Does Bitcoin Cash (bcash)  allow anonymity?
  • Is Bitcoin Cash (bcash) the most censorship resistant?

In summary, Bitcoin Cash (bcash) is a clone of Bitcoin with no advantage over any coin that is not Bitcoin and it’s easier to censor, block and outlaw.

With so many coins working to own the “Medium of Exchange” feature; there is bound to be competition, new technology and possibly a defact-o “winner” in this area but there is no reason to value Bitcoin Cash (bcash) any where near the value that we see today. It’s simply unable to standout from any other”Medium of Exchange” coin with the exception that it is co-opting the Bitcoin name.

 

One thought on “Why Not Bitcoin Cash (bcash)

  1. Agreed, lots of competition for MOE, but without being a MOE you are left with digital gold. The issue is that without a community of people using the token in regularly then you have diminished network effects and even more importantly you don’t have a community of people to push back when regulators look to outlaw crypto.

    If Bitcoin is digital gold only, that means that central bankers can cut-off ACH / wires and then has no value since no one accepts it. https://www.ft.com/content/78bf5612-0b1a-11e8-839d-41ca06376bf2

    I am in ferndale. Would love to chat. Hit me and I will buy you a beer and we can chat crypto!

    doug at shrinedev . com

    Like

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