If you have never seen Bitcoin's original white paper, it's available here: https://bitcoin.org/bitcoin.pdf
Satoshi's invention of the first digital cryptocurrency placed a great emphasis on decentralisation. To take control away from large governing bodies & corporations. Bitcoin was to be above all, free from the clutches of the banks & bureaucrats. And it is, was & forever shall be democratic. Bitcoin is the Grandmother, the first, the pioneer, the blueprint... & now it is digital gold.
All empires fall. The petrodollar Western Empire will fall. By war or by unsustainable use of finite resources on a finite planet. The age of information has brought with it new technology & new money with new ways to pay & the masses of consumers flock to the potential of what Bitcoin can offer them.
Many people are into Bitcoin because they want that new car. They want richness & financial freedom. Great. That's fine. But what else does the Blockchain do for us? We must all respect whoever Satoshi is because Bitcoin brought innovative this technology to the masses & its uses extend far beyond the transaction of currencies. Blockchain, independent of currencies is the future. A transparent digital ledger, for anyone, a digital panopticon which is inscapably incorruptible.
And I believe we will see more & more real world assets placed on the Blockchain, including Gold. For Bitcoin to succeed however it must be fast, secure & consistent. Enter Bitcoin Cash.
Is Bitcoin truly decentralised from its core?
I don't think so. And here's why; where there is value there is power to be acquired & knowledge is among the greatest of powers. Spending power, earning power. The power of freedom financed by an intangible asset. Banks would love to see Bitcoin fail. It's a threat to them. We should validate their fear & adopt the fork, or if not BCH, then whatever solution replaces it.
The evolution of Bitcoin will be forced one way, not another. All who are pro segwit are on the side of decentralisation. We all want Bitcoin to succeed. We have to. The health of Bitcoin represents the health of the entire Cryptosphere. There is no right or wrong here... there is only what works & what does not, given what we are seeking to achieve. And we are seeking speed, security & for the limitations of Bitcoin to be circumnavigated so we can continue with the strongest contender for a global currency the world has seen since Gold & Silver were first pulled from the earth.
Bitcoin Cash is born & it's a fresh start for the blockchain, uptake & profiteering. The vox popluar of Botcoin Core are the miners but they are useless if we don't participate in the volume of exchange. I say Bitcoin Cash is the best solution we have so far to Bitcoin's limitations. In time something else may replace Bitcoin altogether. But for now we will stand by the people's champion & give it the best shot at moving forward with the times.
Imbalance:
One only has to look at China to see how they might have another dynasty funded by their staggering if unsurprising domination of the cryptomining industry.
For every antminer that Bitmain sells 5 are kept for State use. I wonder what that entails for the value in ten years when one country has 70% of the spending power of an entire currency? Either way we have China to thank also for the massive volume of blocks processed & the great market cap we have achieved ahead of time.
ck Zero. Let's get this done.
We are here to stay...
At its inception, few if any could have imagined the scale of positive disruption that our most revered & respected cryptocurrency would be incite & exact upon the world. Bringing the term Cryptocurrency into our lexicon even implies it to be hidden & underground. Kryptós from the Greek: To Hide, Hidden... these days Cryptocurrencies are not living up to their name. They are here, here to stay & several are now too big to fail.
We must vote with our wallets for the world we want to live in. And I want to live in a world where I can spend Cryptocurrencies instead of fiat, I want the Venus project to be a reality. I want to buy a Tesla with Litecoin or Bitcoin. And I want personal drone backpacks, hoverboards & nano printing to create anyting I want, Startrek style.
I want to be able to have free access to knowledge & for my children. And for my chidren's children to be able to go on to any form of education their desire & be able to afford it. Perhaps they will pay with the currency & digital assets I leave behind.
Maybe their personal wallet address will be created from their very own unique DNA. With 800 base pairs on the blockchain so that they cannot be defrauded or their money stolen.
Would you want to buy things with retinal scans & DNA debit?
The old paradigm is behind us. Fiat currency is slow, boring & fuel for rich banking corporations to dominate the world.
Bitcoin Cash may not be year zero but it did give us block zero. And when the backlog of blocks has shifted & people have sold their stakes. I strongly recommend people wait until they feel it has hit bottom & rebuy it... (it's artificially inflated right now as there are very few places to sell Bitcoin Cash. In addition there is an immense backlog of blocks to transact at the time of writing.)
Buy more Bitcoin Cash & hold it. Support it. Above all let's spend it. A speculative asset is all Bitcoin is until we can pay for things alongside Fiat money. Please vote with your wallets. Yes, sell it by all means, make that gain. See a profit, take it... & then let's all buy it back. Because Bitcoin Cash is a new start for all of us. And I believe that the best place to meet the future is on equal terms.
amadeus hellequin
https://hackernoon.com/why-everyone-missed-the-most-mind-blowing-feature-of-cryptocurrency-860c3f25f1fb
Interesting read, to say the least. So what you're saying is that the NEW bitcoin is really the OLD Bitcoin because the OLD Bitcoin evolved into something different from Satoshi's vision. And that the NEW Bitcoin is the one that really follows that vision of decentralisation and democracy of the OLD Bitcoin. BUT that the OLD Bitcoin had it's flaws and the NEW Bitcoin addresses them perfectly. So the NEW Bitcoin is really the evolution of the OLD Bitcoin and we should buy, hold, AND spend... and then buy it back.
I like it. But I think I'll hold both.
https://www.scribd.com/document/354688866/Bitcoin-A-5-8-Million-Valuation-Crypto-Currency-and-A-New-Era-of-Human-Cooperation