Topic: Why Bcash (“Bitcoin Cash”) is a Scam. (Read 348 times)

Whats the problem?

The number of transactions per block in bitcoin is limited. As bitcoin became more popular, the number of transactions grew in the past years and created the problem that transactions took longer as the Bitcoin blocks were “full”. So you had two choices – either wait longer for your transaction to be processed – or pay a higher fee to get it processed faster.

We agree that this is an unpleasant situation which needs to be solved, but on the other hand it was also artificially created by “Spam transactions” on the Bitcoin blockchain to create that exact problem.
What is Bcash ( And why it is not to be called “Bitcoin Cash”)?

Bcash is a fork of Bitcoin which is essentially stealing the code and the brand name of the original Bitcoin, modifying the sourcecode a little to increase the blocksize to enable more transactions per block.

What sounds like a good idea is pretty crappy from a technical perspective and also the attempt of some people to take over control of Bitcoin. Here is why Bcash is a scam and only mentally underprivileged people call it “Bitcoin Cash”:

Bitcoin has a team of the smartest developers you can imagine – and most of them work voluntarily since years to make bitcoin better, more secure, keep it decentralized an bring important updates like segwit and off chain transactions to bitcoin to make it fit for the future as the internet of money.

Bcash instead has just few guys as developers (likely paid) which are pretty unknown in the bitcoin space who are trying to understand and modify the sourcecode of bitcoin for less than half a year. As you might know from your own profession – in less than half a year, you are very far from being a expert in anything.

Their “genius” solution to the problem of full blocks is: Making the blocks bigger. That´s about as smart as buying more and more harddrives instead of using some compression for files, like zip, mp3, mp4 or jpeg. If someone would sell that idea to you, wouldn´t that sound kind of stupid?

Yes it does. Why? Because it is.

To sum it up. Bcash is as much Bitcoin or “Bitcoin Cash” as taking a bottle of Coca Cola, empty half of the bottle and filling it up with salt water in order to make it less sweet. You can imagine how that Coke would taste – yes, pretty crappy just like a fake. You wouldn´t call that Coca Cola Light. Maybe you would call it Coca Cola Crap. You´d better not call it Coca Cola at all. That´s why Bcash should not to be called Bitcoin Cash.


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