Bitcoin (BTC) vs Bitcoin Cash (BCH) - Who is the real Bitcoin? # Part1

By Roberto D. | CryptoFarm | 1 Mar 2020

In this article we will analyze the Whitepaper written by Satoshi in 2008 and we will see which coin between BTC and BCH is respecting the wishes of and which is not.

The end result will give us the definitive answer to the question "Who is the real Bitcoin?".

At this point I want to invite all of you readers to read the Whitepaper, even if only partially: https://bitcoin.org/files/bitcoin-paper/bitcoin_it.pdf

There is no better place to start than the title itself (from the Whitepaper).

The Title Reads: Bitcoin: A Peer-to-Peer Electronic Cash System

In the title we now pay attention to two words: Electronic cash and Peer-to-Peer

Satoshi's intention was to create a system where users could exchange electronic coins electronically where exchanges must take place following the peer to peer protocol.

Let's start by looking at Bitcoin Cash (BCH).

The name already contains "Cash" which seems to strongly refer to "Electronic Cash System" of the English version of the title. +1 to BCH

The proponents of Bitcoin Cash in the months following the separation from Bitcoin have been very active in trying to get BCH adopted by global merchants.
In fact, according to its supporters, Bitcoin Cash is for the market and realizes its own value when it is used to buy goods or services, or when it is spent.
Bitcoin Cash supporters invite users to make use of coins and spend them as in an Electronic Cash System. +1 to BCH

In Bitcoin Cash every transaction is peer to peer, as requested by Satoshi and no other type of transaction is possible. +1 to BCH

Final result 3 at BCH

Now let's look at Bitcoin (BTC)

The name is the original one created by Satoshi +1 at BTC

The proponents of Bitcoin (BTC) have used a different approach for a long time regarding the use of the coin.
In fact, the main mantra of bitcoin users is "HODL" which is a spelling mistake that later became a meme of the English word HOLD which means "hold" or "do not spend".
Bitcoin (core) fans take pride in buying and never spending bitcoins because in their opinion HODL is better.
This approach has become increasingly popular and advocates see Bitcoin (BTC) more as digital gold than as a medium of exchange or a currency. 0 to BTC (definitely, not stonks)

From the Great Schism of BTC to BCH onwards, Bitcoin (BTC) developers have worked almost exclusively on a new concept called Lightning Network which is their solution to the scalability problem.
But there is a problem here, in fact the transactions that take place on Lightning Network are not peer to peer, the lightning network is a network with hubs and spokes which is a completely different topology from Peer-to-Peer.

Final result 1 at BTC

After this initial analysis, we can declare that:

Bitcoin Cash has worked to evolve Bitcoin following the indications of Bitcoin's father, Bitcoin (core) instead seems to be diverging quite substantially, completely changing direction at least on one of the two words we used where Satoshi's Peer-to-Peer becomes the Hub and Spoke of Lightning Network.

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