What's good about BCH? - page 2. | Bitcointalksearch.org

tyz

legendary

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Quote from: BLU on November 23, 2020, 04:00:29 AM

I understand what a stabe coin is for (even though there are many of them) but what is good about Bitcoin Cash?

Simply put, it's a matter of belief. You can also ask someone what is good about your religion and what is bad about another religion and you get a very one-sided answer. Bitcoin Core and Bitcoin Cash have their advantages and disadvantages. In that case, the company seems to be banking on the benefits of BCH rather than BC.

InwardContour

sr. member

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Quote from: Renampun on November 23, 2020, 08:56:58 AM

great news for BCH fans, I am very happy with BCH...
fast transactions and also very cheap fees are the advantages of BCH. BCH is a refinement of Bitcoin and is very convenient to use as a transaction tool.

When you say refinement of Bitcoin, did you mean a modification to BTC? I agree partially because it's a fork of BTC with faster transaction speed, but still BTC remains unique, its truly decentralised hence there is no better refinement which serves as its replacement. I'm considering to buy some BCHA at this low prices, but not really made up my mind to do so.

abokhalel2

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I believe that we need to create a decentralized currency specially created for banks and so on. Of course it's great that banks are starting to accept.

Ludmilla_rose1995

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Quote from: BLU on November 23, 2020, 04:00:29 AM

Swiss SEBA bank accepts Bitcoin Cash and USDC stable coin so the customers can use them. I understand what a stabe coin is for (even though there are many of them) but what is good about Bitcoin Cash? Some relative of Bitcoin.

Perhaps the Swiss bank saw the transaction speed at BCH and had very low fees. Also, BCH prices tend to be more stable than BTC. So the SEBA bank in Switzerland believes that BCH is feasible as a digital payment tool. CMIIW

seoincorporation

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Quote from: BLU on November 23, 2020, 04:00:29 AM

Swiss SEBA bank accepts Bitcoin Cash and USDC stable coin so the customers can use them. I understand what a stabe coin is for (even though there are many of them) but what is good about Bitcoin Cash? Some relative of Bitcoin.

Bitcoin cash is a fork of bitcoin, they have the same roots but they work differently because BCH has bigger blocks, which means it can process more transactions in the same period of time.

Is wait to see BCH and not bitcoin in a service like that, but I think they did it this way because is cheaper to buy BCH than BTC.

mk4

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Quote from: BLU on November 23, 2020, 05:35:42 AM

Right, it's less secure and less adopted but Swiss bank started to accept that. Maybe we don't know something? )

I mean, they're launching a crypto trading platform. They're going to add anything that people will trade as long as they can make money off the fees. It doesn't necessarily mean they like the project or anything like that. Even Arthur Hayes, BitMEX's founder, added XRP on their platform just because there's demand; even though he admits that it's a dumpster fire project. It's just business as usual.

Teraboy

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Quote from: satonako on November 23, 2020, 05:33:43 AM

BCH is a Roger Ver's project so basically it's his money, I'm not sure if I would trust my investment in BCH but it's still around and price is rising too.

How can you sure if BCH was his money but im sure if roger was holding a very big stash of BCH on his portfolios. BCH is only the fork coin that being issued caused by the political problem by ver.
This coin has only a better scalability rather than bitcoin. People were betting on BCH caused by the big name of ver.

bandungan

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USDT is relatively easy to use, unaffected by significant price increases or decreases. so using USDC is attractive for the trading system

Winscosinally

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Quote from: BLU on November 23, 2020, 04:00:29 AM

Swiss SEBA bank accepts Bitcoin Cash and USDC stable coin so the customers can use them. I understand what a stabe coin is for (even though there are many of them) but what is good about Bitcoin Cash? Some relative of Bitcoin.

Bitcoin Cash (BCH) has faster speed and cheaper transaction fee than bitcoin, BCH was build to become a peer to peer electronic cash system that plans to work as a global money with fast payment which gives BCH a upper than hand over it's brother (BTC), it's a better fit for payment like like Ripple (XRP)

Renampun

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great news for BCH fans, I am very happy with BCH...
fast transactions and also very cheap fees are the advantages of BCH. BCH is a refinement of Bitcoin and is very convenient to use as a transaction tool.

Lavander

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Quote from: mk4 on November 23, 2020, 04:30:18 AM

Transactions are just faster(because almost no one is using it), and that's pretty much it. On the other hand, it's not decentralized, it's far less secure, far less adopted, far less developers working on the project, the list of downsides goes on and on and on..

This is what I was thinking too and I'm pretty sure that if many people will going to use it I don't think the transaction will be faster as what you expected it. I'm not just quite sure why it's not decentralized and less secure. I'm still not quite aware what is the downside of using BCH

disconnectme

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Quote from: BLU on November 23, 2020, 04:00:29 AM

Swiss SEBA bank accepts Bitcoin Cash and USDC stable coin so the customers can use them. I understand what a stabe coin is for (even though there are many of them) but what is good about Bitcoin Cash? Some relative of Bitcoin.

Most of these institutions entering the space and looking to offer their customers products and services are likely to go for top 20 crypto fist, whether is a good project or not. BCash has lost its argument with their recent fork and why do I need to use it fro transaction when there are other superior tech and even I can use Stable coins

Oshosondy

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Quote from: satonako on November 23, 2020, 05:33:43 AM

BCH is a Roger Ver's project so basically it's his money, I'm not sure if I would trust my investment in BCH but it's still around and price is rising too.

As of before, bitcoin cash blockchain is secure and safe, but the coin just forked into bitcoin cash node and bitcoin cash abc recently, but I think the bitcoin cash node which was the bitcoin cash of before still have strong blockchain, so your funds are secured. I see bch as just a shit coin to me, I will rather have my investment in bitcoin. I have seen bch not really taking part in the recent bull run.

BLU

newbie

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Right, it's less secure and less adopted but Swiss bank started to accept that. Maybe we don't know something? )

Quote from: mk4 on November 23, 2020, 04:30:18 AM

Transactions are just faster(because almost no one is using it), and that's pretty much it. On the other hand, it's not decentralized, it's far less secure, far less adopted, far less developers working on the project, the list of downsides goes on and on and on..

satonako

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BCH is a Roger Ver's project so basically it's his money, I'm not sure if I would trust my investment in BCH but it's still around and price is rising too.

jamesde

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There are cheaper transfer fees for BCH, so making transactions in BCH saves you more money than using BTC.

Josefjix

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yes

Aside speed in transaction and it's centralised nature, I would say they are not competitive as BTC and other cryptocurrencies. USDC is a stable coin like USD.

mk4

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Transactions are just faster(because almost no one is using it), and that's pretty much it. On the other hand, it's not decentralized, it's far less secure, far less adopted, far less developers working on the project, the list of downsides goes on and on and on..

BLU

newbie

Activity: 41

Merit: 0

Swiss SEBA bank accepts Bitcoin Cash and USDC stable coin so the customers can use them. I understand what a stabe coin is for (even though there are many of them) but what is good about Bitcoin Cash? Some relative of Bitcoin.

Topic: What's good about BCH? - page 2. (Read 353 times)