Rather than trying to explain to each misled Bitcoiner one by one, just redirect them to this article to learn more about why Blockstream is misleading new Bitcoiners into thinking Bitcoin Cash is BCash. While they are here, this article also explains why Blockstream is so worried about Bitcoin Cash and why Bitcoin Cash concerns them so much. There are three things that cannot be long hidden: the sun, the moon, and the truth.
To clarify, there is really a BCash coin out there and it has nothing to do with Bitcoin Cash. So why are people confusing the 2 coins? It’s all down to propaganda and trolling. Unethical people who lack basic moral values does not care if Bitcoiners lost their life savings by confusing them into buying a different coin. And at the moment, these unethical people have control over the Bitcoin subreddit and BitcoinTalk forums. They are out to self enrich themselves and their investors by forcing users into side chains. And to prevent a better coin like Bitcoin Cash from taking off, they resort to misinformation and confusing users from their subreddits and forums into thinking BCash as Bitcoin Cash. They are not the same. Bitcoin Cash is Bitcoin Cash or BCH.
Now that you’re here, let’s talk about why they are so worried about Bitcoin Cash. Here are all the reasons quickly.
Bitcoin Cash cost pennies to send money across the world. Bitcoin Segwit cost, at this time of writing, $21 to send money across the world. For exactly the same service, you decide which will consumers choose.
Bitcoin Cash has 0-conf which means instant transactions are safe. Bitcoin Segwit has the RBF vulnerability which means users may lose their received funds through RBF double spending. When it comes to money, security is of the utmost importance.
Bitcoin Cash is simple. Bitcoin Segwit is deliberately complicated and if you heard of the last 2 vulnerability problems where Parity Ethereum caused several hundred million dollars worth of damage, you may understand why simplicity is good for security. The more complicated you made a software, the more points of failure there will be.
Bitcoin Cash can handle massive amount of transactions volume. This means Bitcoin Cash can scale to handle global usage easily. Bitcoin Segwit can’t even handle the existing volume, what more can we say? Bitcoin Segwit has turned into a speculators coin rather than one of utility.
Bitcoin Cash has faster confirmation times due to its bigger blocksize leading to higher capacity output of confirmations. This means Bitcoin Cash transactions could be confirmed many times faster than Bitcoin Segwit where some users have waited for days without confirmations.
Bitcoin Cash has low transaction fees so users can use them on daily usage such as buying coffee and groceries, loading money into debit cards, send money to family and friends instantly across the world. At this time of writing, sending a Bitcoin Segwit transaction of $50 means the recipient receives only $29 after deducting $21 worth of fees. Tell me, if you are a user, would you find that helpful?
Now you can finally understand why those people had to resort to censorships and unethical and immoral activities in order to stop Bitcoin Cash. Because if people understood the truth, they would leave Bitcoin Segwit behind. And if you’re holding a lousy product while the competitor has a much better product, how can you compete? You’ll probably have to resort to unethical and immoral activities too because you simply can’t compete based on merits.
Now that you are enlightened, if you see some new Bitcoiner mention BCash, it might be helpful to point them to this article. The way to fight against censorships and misinformation is to be more vocal about the truth.