If Bitcoin Cash is Bitcoin, there are 42 million bitcoins.
To most HODLers in the cryptocurrency space (I’m class of 2011 a la Brian Hoffman’s metric) we see the proclamation that “Bitcoin Cash is Bitcoin” as charlatan propaganda.
I got into Bitcoin in the “sound money” wave of mostly libertarians, who were attracted to the digital gold properties of censorship resistant money, controlled and owned by no one and everyone.
Sick of central banks inflating the fiat money supply through quantitative easing and fractional reserve banking, Bitcoin as the evolution of money for the digital age spoke to us on a philosophical level.
I think I finally get it. Roger and co are saying “Bitcoin Cash is Bitcoin” as clever philosophical wordsmithery that can actually be argued as a true statement on a theoretical level.
From my observations, the BCH leadership is heavily dominated by master manipulators, business men seeking power & profits, lucky early adopters with large egos.
On the flip side, there’s also a very strong community of neutral and excited developers building really cool apps and products, as well as early bitcoin adopters who have been ostracized by the blocksize debate and feel like Bitcoin Cash is a rebellion against the bitcoin core dev team and process that censored and ignored them.
It’s hard for the majority of the crypto community to separate the fraudsters and charlatans like Craig Wright and Roger Ver from the guerrilla teams building cool stuff like HandCash (NFC BCH wallet) and TipprBot (onchain microtipping for reddit and twitter).
There’s a difference between the big B Bitcoin and the small b bitcoin.
Bitcoin can be described as the technology, the code and the network where bitcoin is the unit of account, the BTC.
This is a very clever way of siphoning from the Bitcoin brand in a way that speaks to some OG’s as true. Most of us that arrived in the early days are philosopher economists, libertarians or anarchists. Logic trumps for us.
If your argument can be presented in a way that can break a mental paradigm, you will win minds. The BCH camp has been winning minds of older Bitcoiners in surprising numbers.
I was quite surprised to see some people who I thought were pro-BTC starting to warm up to the siren song of on chain scaling through BCH Gigablocks (and now Terablocks.)
Daniel Krawisz (co-founder of Nakamoto Institute, since resigned)
Vinny Lingham (Pro Segwit2X, passionate about 0conf merchant txns)
@bitcoin twitter account (individual owner, tweets in first person)
@CobraBitcoin (co-owner of bitcoin.org domain and wesite who is on the fence)
Chris Derose (known previously for calling everything not-bitcoin a scam, with an obsession over defining nakamoto consensus)
Jeffrey Tucker (Libertarian and Bitcoin personality, sponsored by bitcoin dot com)
These are some true statements.
Bitcoin Cash is Bitcoin but not bitcoin.
The UTXO is not bitcoin nor Bitcoin.
Litecoin is Bitcoin if Bitcoin Cash is Bitcoin.
If Bitcoin Core is a cryptocurrency, bcash is a cryptocurrency.
In the end, it’s all mental gymnastics.
Bitcoin Core and Bitcoin Cash are not comparable things, and the people pushing that narrative know it. (Bitcoin core is a piece of software for BTC, BitcoinABC is the BCH software)
I refuse the Bitcoin Cash is Bitcoin narrative, because it’s not just a philosophical exercise — it’s meant to enrich the largest shareholders of Bitcoin Cash. It’s meant to make Bitcoin.com, Bitmain and nChain a lot of money.
There is a cult of personality with Bitcoin Cash.
This chart explaining the “many forks” of Bitcoin is an example of the kind of reality distortion that one must succumb to once you accept “Bitcoin Cash is Bitcoin” narrative.
This is a clear cut case of propaganda that is designed by people who are either 1) fraudsters or 2) non-technical charlatans to fool people with a low level technical understanding of Bitcoin.
I got into Bitcoin to fight against taxation through inflation, because I was disgusted with central banks and federal reserves printing money to bail out and enrich the financial elite.
If Bitcoin Cash is Bitcoin, it’s also quantitative easing and taxation through misdirection and inflation of the money supply.
I and many others reject this narrative because that completely erodes the scarcity that gives bitcoin it’s gold-like store of value properties.
If Bitcoin Cash is Bitcoin, it’s one step closer to fiat.