The BTC Maximalist Myths — And How Bitcoin Cash Proves Them Wrong

By alberdioni8406 | The BCH Observer | 18 Jun 2025

Setting the record straight on what Bitcoin was meant to be.

It's peculiar strange that people forget, or pretend to forget, what is Bitcoin and what SATOSHI Nakamoto published back in 2008 as the white paper. He wasn't trying to create “digital gold,” or build something for the elites, fee-heavy settlement network, not at all. His very title is:

“Bitcoin: A Peer-to-Peer Electronic Cash System.”

Yet along the way, BTC maximalists hijacked the narrative and spread to the world a different story. This one, glorified censorship of scaling solutions, slow expensive transactions and worship scarcity.

Today, on this article we'll debunk the most common BTC maximalist myths - and show how BCH carries the torch Satoshi Nakamoto dreamed from the very beginning.

Myth 1: “Low Fees Don’t Matter Anymore. Bitcoin Is a Store of Value Now.”

Reality: High fees kill usability. Satoshi envisioned daily spending, not cold storage.

In early stages of Bitcoin (BTC), people could move their money for fractions of a cent. At that point, all was according to Satoshi plan serving the real purpose of why the currency existed at first place - replacing the middlemen.

Nowadays, it's practically impossible to a regular folk to send, move his BTC as fees "broke the sky" hitting $10 or more, specially in high traffic situations. Just as example, in April of 2024 fees briefly hit $60. Now, let's imagine buying a coffee with that!
At the same (and after) that period on the Bitcoin Cash, transactions cost less than a cent, no matter in what situation, making everyday payments practical even for the unbanked people all over the world.

Satoshi Quote:

“The cost of mediation increases transaction costs, limiting the minimum practical transaction size.” — Bitcoin White Paper, 2008

See: bitcoin.org/bitcoin.pdf

Myth 2: “Small Blocks Are Good. Big Blocks Are Dangerous and Centralized.”

Reality: Small blocks bottleneck the network. BCH scales on-chain, as Satoshi designed.

One of the biggest lies and tricks BTC devs did, was to artificially limit the block to 1 MB, causing a shock on transactions capacity and forcing people to use an expensive chain and "sell" workarounds like Lightning Network, which:
- Is not trustable
- Is not user-friendly or widely adopted.

Bitcoin Cash has increased block size to 32 MB, easily handling high transaction volumes and without centralization.

Satoshi Quote:

“It can be phased in, like: if the average block size gets near 80%... then we increase the limit.” — Bitcointalk, 2010

Compare fees & speed here: bitinfocharts.com

Myth 3: “Bitcoin Cash Is Just an Altcoin or a Failed Fork.”

Reality: Bitcoin Cash preserved the original protocol and mission.

Bitcoin (BTC) maximalists sold BCH as an altcoin - well, it's not but a continuation of the original project launched in 2009:

Same Supply cap of 21M coins
Same model of security (proof-of-work)
Same transparent Blockchain
But, one thing is critically different: it kept Bitcoin as usable cash.
Bitcoin (BTC) changed the rules, rejected on-chain scaling, and shifted the narrative to “digital gold.” while Bitcoin Cash (BCH) simply said “no thanks” and stayed the course.

Satoshi Quote:

“I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party.” — Satoshi, 2008

Myth 4: “Lightning Network Will Fix Bitcoin's Scaling Problems.”

Reality: LN is complex, custodial in practice, and not widely adopted.

Lightning Network was sold to people as the solution for the scaling solution of BTC, but is that true? This requires from people using to:

Open channels
Lock up funds on it
Trust routing nodes and on liquidity providers

People who choose to use LN today are using centralized custodial wallets, which goes against the real purpose of Bitcoin.

Bitcoin Cash doesn't need second layers to work as it scales on-chain, just like Satoshi original designed for.

Myth 5: “Bitcoin Cash Has No Adoption.”

Reality: BCH is used globally, especially in developing nations.

This is one of the biggest myth spread by the BTC maximalists. Pure lie. Tens of thousands of merchants accept Bitcoin Cash across Latin America, Asia, Africa, Australia, Europe and beyond as can be seen on Paytaca or even on Bitcoin.com maps:

Bitcoin Cash has real use cases, purchases, remittances, micro payments, creator tips and utility tokens via CASHTOKENs.
Bitcoin Cash isn't a speculation currency but power up a decentralized economy fueled by people all over the planet.

Just to have an idea in how big Bitcoin Cash is for payments: it's accepted in retail points of sale world-wide more than most ERC-20 tokens combined.

Myth 6: “BTC Market Cap Proves It's the Real Bitcoin.”

Reality: Market cap ≠ original vision or functionality.

Market cap is just price × supply. It doesn’t tell you:
- Who controls the network.
- Whether the coin works as intended.
- Whether it’s actually used by real people.
BTC's market cap is bloated by institutional speculation, wrapped derivatives, and the hoarding of coins - not utility or adoption.

Bitcoin Cash: The Movement That Refused to Die

Despite all the hate, censorship, shadow banned, and ridiculed - Bitcoin Cash (BCH) is on the rise again. The Cashtokens DeFi ecosystem, merchant adoption all over the world and also events like BCH Bank Run are proving one more time the power of a currency that serves the people, not the elites.

Satoshi Nakamoto wanted a currency to serve the people and for the people. Bitcoin Cash is making this happen.

“The root problem with conventional currency is all the trust that’s required to make it work… With e-currency based on cryptographic proof, you don’t have to trust a third party.”
— Satoshi Nakamoto