BCHHUSD
Bitcoin Cash / HUSD
crypto

If BCH succeeds enough to become defined as the new true chain, it’ll get attacked too a few years later

It wasn't the ETFs that killed Bitcoin Core; it was the non-scaling blocks and high fees. I'm glad the software was forked, and we have BCH to handle transactions for the world.

He then went on to create BCH and become a total tool. /s

> the number of people doing recurring payments starts at 0
Maybe not entirely, but I guess with current BCH adoption, close enough for us not to argue about it being big business right off the bat.
I am thinking there is a userbase already in the form of those using e.g. the Scheduled Payments plugin to donate to some causes, or maybe even pay some obligations.

Could debate about that all we want, I certainly would enjoy such a society. Bigger issue is the OP return stuff. This is a huge problem and could destroy the fully organic chain of Bitcoin. And no, if BCH wouldn’t be the next true Bitcoin, it would get destroyed even faster if necessary.
This affects all of us

TBH, I also worry a bit about using less than 1% of the available SHA256 hash power. While I don't feel that trying to keep hash as GPU only like in Ravencoin, I sometimes wonder if going to SHA1024 might be better. BCH would have it's own specific ASIC chips.
Then again, if we did that, since it is still only a small % of available ASIC production, a government could easily make a large batch of SHA1024 chips and do a surprise takeover of the BCH network.
Ultimately, either way, miners would probably come up with a quick solution and create an honest fork using a different algorithm, and letting the government cooped fork die off.
I consider the plethora of alt coins to be another form of decentralization of cryptocurrency. A successful government attack would require attacking multiple crypto coins simultaneously.

Uncensorable speech is a good thing, yes. We know all about it in this sub.
Yes, you can use both BTC and BCH. And even other blockchains that support even a minimal data transport.
To the extent people are willing to pay for storing data, free speech will survive on any secure chains that accommodate it. BCH's current protection against deep re-orgs actually makes it harder to wipe out data by simply re-orging out blocks. However, BTC's much higher hashrate currently also works in its favor when it comes to the long term protection of such data.
Neither Bitcoin nor Bitcoin Cash _needs_ to focus on enabling massive non-financial data storage. There are other blockchains dealing with arbitrary file storage.

> Or you can use the fork of Bitcoin that was made in 2017
Or one can use both. It's cheaper to post data on BCH than it is on BTC and will be on BTC after Core v30

This is a BCH sub. Anyone posting/commenting positively about BTC gets comments like this. Silly, eh?

It's cheaper to post 100KB on BCH that it would be on BTC after Core v30. Several times cheaper
> Bitcoin is not a free speech platform, it is a financial ledger
Thankfully, Satoshi and other devs didn't care to listen. Both branches of Bitcoin have OP_RETURN. BCH was more aggressive and permissive, remains so, and BTC is catching up
Uncensorable speech!

Thing is. Most of us are trying to get a return of Investment.
BCH is really cool, but do we really think it will gain traction? For BCH to succeed it would require more and more popularity.
I agree that it's objectify better. But I'd also argue that Linux is better than Windows yet here we are.
I wouldn't put my money into Linux thinking that it would succeed, just because it's better. That's not how humans work.

Rather than having all this complexity BCH work by design today lol, why all of this in shitty LN

Nothing easier than using Bitcoin Cash (BCH), the real Bitcoin.
Do not miss your second chance into early Bitcoin adoption!

"I am interested in Bitcoin as money"
That version with it's original functionality exists as BCH. Quit beating your head against the wall hoping BTC will be fixed. Its dysfunction is intentional.
[bitcoiniscash.org](http://bitcoiniscash.org)

If it happens to BTC, its highjacking of the overloards, but for BCH its good news…

Yeah same, they didn't even clarify what it was that I said. This is the cabal at work, whether indirectly or directly, the banksters have a plan to collapse BTC and utilize something else possibly (BCH, BSV) and they can't afford for the biggest Bitcoin forum to be exposed to such perspectives. BTC is a shit coin

Hope
China or others countries will put BCH as legal tender
Banksters will spit out their meal🤣🤣🤣🤣

It is your lucky day. Bitcoin Cash has immense potential to skyrocket.
Once people find start finding out that BTC is a banker hijacked fake and the real Bitcoin is BCH the markets will go wild.
Do not miss your second chance into early Bitcoin adoption!

As we know, Bitcoin (Cash) is fundamentally a system where someone needs to initiate a transaction to make funds move.
It's a push system, compared to e.g. debit orders, so without any other helping mechanism, to have something like a regular repeating payment for paying rent or utilities, you need to initiate those payments yourself.
Which can be a problem, because sometimes life/technology gets in the way of you who wants to make that payment on time.
On BCH, theoretically at least we should never have the network get in the way in the form of unreliable scheduling of transactions or unpredictable fees which may wreck your ability to pay what you thought you could. In my experience, at least since the introduction of ASERT in 2020, that is also practically true: BCH payments are rock-solid (enough block space and fees are never a problem).
But having to do manual actions to make regular payments is still a hassle.
There are different ways of solving this, and obviously we all want to avoid centralization if possible (e.g. having centralized websites where everyone enters they personal and payment details, needs third parties to get payments approved etc.)
If we are looking to decentralized ways:
1. Have some code in your wallet that can automatically initiate transactions. E.g. there is a scheduled payment plugin for the Electron Cash desktop wallet. This is nice (I have used it) but it still requires you to run the wallet for the plugin to act. Obviously not a big problem if you're running the wallet frequently anyway to do transactions - then you'll get a reminder and you can approve the rent transfer (if you have enough funds). But what we really want is a level of comfort where the funds recipient can attempt to withdraw the funds from us.
2. Smart contracts managed by your wallet, that let authorized parties pull funds from addresses holding sufficient funds on chain (pots of ring-fenced money on chain which you keep topped up sufficiently, just like you would try to keep enough funds in your bank account if you have certain debit orders coming off every month). I don't think this level of comfort of managing such "pots" has been implemented on any wallets, for controlled access by specific parties (e.g. don't be able to withdraw more than certain amount during a certain time period, e.g. up to 1 BCH every month but not more than that). It would need to let you set up covenanted pots for specific purposes (e.g. a "rent account" address in your wallet which is stocked up with funds for rent coming off), and manage the rights of other parties to withdraw from those pots. Then it is up to the other receiving parties. But that's still less than the level of comfort offered by current centralized finance, which brings me to the next point...
3. Can we do point (2), but build in an incentive system which allows ANYONE on the net to trigger the payment from you to the payee (e.g. your landlord) as soon as conditions allow? (enough funds in your pot, valid withdrawal authorization resting with payee) ... In this case, whoever combines the magic spells in the right way would earn a small facilitation fee. Obviously, the payee could also initiate the transaction themselves, if they have a setup which processes their accounts regularly. These fees should incentivize market-makers to bring together the buyers and sellers of services together (in case they haven't met yet). Of course the whole thing needs to be built on open source so that there can be competition to ensure optimum service levels. But it would essentially replace what banks are doing now - getting debit orders and processing them reliably, transferring monies from payer to payee on a regular basis.
I think Jonathan Silverblood in specific, and the General Protocols crew in general, have probably done much thinking on solving this in the past.
But I'm open to hearing any feedback on the current state of this "problem" and its solutions, even if they are in the idea phase.

Thanks to u/CashDragonX for bringing awareness to this great discussion via the r/BitcoinCash subreddit.
Obviously the BCH parts starting from about 16 minutes in were what interested me the most.
Wonderful introduction to Bitcoin Cash history by Jeremy, and inspiring takes on BCH's stance towards coin maximalism, the adoption / network effect deficit etc from EmergentReason.
And shout out to Nurain for the grass roots adoption point of view. It's really inspiring to see people recognize the value of Bitcoin Cash and crypto for their lives.
I think it was DoctorFlex who also made an important point about how there are tons of projects out there in the crypto space which don't bring real world utility, they just try to farm massive engagement with the promise of making more (fiat) money, but ultimately are not aligned with the mission of a having a complete cryptocurrency economy. Which is what Bitcoin (Cash): a peer to peer electronic cash system is all about.
Kudos to Thorchain and Mocha guys for facilitating a great discussion and being open towards combining forces for crypto adoption.