One of the Bitcoin Cash (users was wondering if there is a chance for BCH market cap to grow bigger while comparing the situation to the kind of network effect that BTC already has.
Yet another peer BCH user felt that obsessing about market cap is the habit of humans trying to game each other and be more powerful than one another. It’s not adoption. It’s not economic freedom.
In this regard, Sydney Ifergan, the crypto expert tweeted: “Bitcoin Cash (BCH) helps those who need it the most and those who do not believe in it are not going to try it anyway.”
While there is no need for BCH to be a BTC killer the talks of BCH replacing BTC never ends. They can co-exist fulfilling their purposes; however, the reality is that Bitcoin is not what that anyone wants it to be. And that is it’s power. Like any other asset, it’s value is determined by the market participants and narrative.
Bitcoin Cash Single Points of Failure
Bitcoin Cash are focusing on building an ecosystem that has no single points of failure, and will collaborate to make that a reality.
There is a lot of propaganda happening at the grassroots level encouraging users to use Bitcoin Cash for remittances. Users have to state that BCH crosses borders like the borders do not exist that is more money in your pocket faster. The instant call to action is to download a wallet to buy Bitcoin Cash.
Users have reported buying bikes with Bitcoin. In the past month, someone reported that Bicycle Central are accepting Bitcoin Cash.
Haden Otto who states that he has been living a Bitcoin life stated that he was instantly able to pay over $1300 with the Bitcoin Com Wallet like a Boss in Townsville.
Also, Roger Ver spoke about how he was able to pay for his gas with cryptocurrency. The GoCrypto.com payment terminals are making it even faster, easier, and cheaper than when making payments using Visa, Mastercard, and American Express.
Real time users have to state that Bitcoin Cash + GoCrypto = perfect combo to onboard thousands of merchants. While some feel new is always better, there are those who were concerned if this is widely accepted. Some of them were curious to know if the Lightning was still there and if it was still a thing. The replies were that it very much is there and that it actually scales transactions (unlike 12.5 minute 8mb block size that will inevitably fail once we go mainstream).
However, the progressives according to Roger are progressing towards totalitarianism.
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