×
top 200 commentsshow 500

[–]67PCGTin 901 points902 points  (441 children)

Relevant quote, for those who don't want to deal with Twitter:

I was optimistic about Bitcoin Cash specifically, because I agreed with the big-blocker arguments in the scaling war more than the small-blocker arguments.

Today, I would call BCH mostly a failure. My main takeaway: communities formed around a rebellion, even if they have a good cause, often have a hard time long term, because they value bravery over competence and are united around resistance rather than a coherent way forward.

[–]letsgocrazySilver | QC: CC 30 | CRO 21 | ExchSubs 21 299 points300 points  (43 children)

communities formed around a rebellion, even if they have a good cause, often have a hard time long term, because they value bravery over competence and are united around resistance rather than a coherent way forward.

That describes pretty much most of politics itself these days.

Everyone thinks they are bravely fighting back against the evil empire.

[–]ChiTownBobAltcoiner 107 points108 points  (7 children)

Obi Wan Cryptobi, you're our only hope!

[–]tipsyXtwo 16 points17 points  (1 child)

It’s a shame what happened to Algoraan

[–]ChiTownBobAltcoiner 5 points6 points  (0 children)

Whoa black day, bam a ram

[–]Cobek 17 points18 points  (0 children)

And crypto...

[–]tipsyXtwo 8 points9 points  (3 children)

Irony: the ones calling themselves “the rebellion” are usually the bad guys

[–]letsgocrazySilver | QC: CC 30 | CRO 21 | ExchSubs 21 11 points12 points  (0 children)

"inside every rebel there's an aristocrat waiting to get out" Leto 2 - God Emperor of the Known Universe

[–]bomberdual0 / 0 🦠 2 points3 points  (1 child)

Right. Or in another critique Ive seen of many movies: people are often good at pointing out a problem, but not so good at providing a (sustainable, long term) solution.

[–]DaneCurley 18 points19 points  (14 children)

Republicans having no alternative to ObamaCare.

[–]Flat-Suspect4121Tin 4 points5 points  (2 children)

Good thing this isn’t health care it’s crypto rather then two parties who never do anything right it’s like 1000 tokens and we just need one to be right or something like that .... I don’t know shit about fuck

[–]HadMatter217 1 point2 points  (0 children)

So instead of 2 entities who don't do anything right, it's 1000 entities who don't do anything right. Progress!

[–]PiedDansLePlat17 / 3K 🦐 8 points9 points  (5 children)

It didn't got long before comming to r/politics

[–]TripTryad 24 points25 points  (2 children)

I understand why though. In this case its a very accurate comparison. Of course there are comparisons that fit this on any point of the politician spectrum, its not JUST American Republicans. For all of our accomplishments, that sort of tribalism really holds us back as a species.

[–]imaginator321Bronze 8 points9 points  (1 child)

We should already be colonizing space by now, but we're stuck here in a dying planet due to our petty politics

[–]Flying_Koeksister 185 points186 points  (255 children)

For all South Africans

This might explain why our country is going down the poop hole.

I will rephrase to make myself clearer

I was optimistic about the ANC specifically, because I agreed with the premise of free basic services and socialistic principles as opposed to a fully capitalistic approach.

Today, I would call the ANC mostly a failure. My main takeaway: communities formed around a rebellion, even if they have a good cause, often have a hard time long term, because they value bravery (and party loyalty) over competence and are united around resistance rather than a coherent way forward.

[–]Dewdrop06Gold | QC: CC 21 | ADA 10 70 points71 points  (12 children)

Need to start voting for Vitalik

[–]Accomplished-Design7Permabanned 10 points11 points  (8 children)

This guy always has my vote

[–]Aegontarg07hello world 11 points12 points  (6 children)

Vitalik for World President has my and my family’s vote

[–]NotAnAlcoholicToday 14 points15 points  (3 children)

"My fellow Earthicans"

[–]designerfx902 / 902 🦑 7 points8 points  (0 children)

"and some random folks who don't hold eth"

[–]anslewTin | GMEJungle 13 | Superstonk 21 3 points4 points  (34 children)

Lmao imagine thinkin people out there really tryna give you shit for free, totally not tryna foster dependence or anything lmao

[–]zxygamblerPlatinum | QC: BTC 28, CC 15 | GME_Meltdown 15 | GME subs 25 4 points5 points  (177 children)

Economic freedom is the best predictor of wealth in a country. You had to be very ignorant to believe in what you did

[–]HiFidelityCastro 34 points35 points  (149 children)

You'd have to be very ignorant to equate capitalism with "economic freedom" regardless of class context. But that's pretty standard for people who get their political/economic education from social media.

[–]Aegontarg07hello world 2 points3 points  (25 children)

Economic freedom is the best kinda freedom, it’ll lead to political and social freedom

[–]HiFidelityCastro 22 points23 points  (23 children)

So you think a total lack of state/regulation/welfare etc along the lines of say Somalia, Yemen and so on is freedom?...

This sub is so politics/economics illiterate it's mind blowing.

[–]1stswordofbraavosTin 15 points16 points  (3 children)

Never ever forget that a significant percentage of people commenting here have not even graduated high school and it makes a lot more sense how much dumb shit gets posted and updated.

[–]HiFidelityCastro 2 points3 points  (2 children)

Oh mate, it has to be the only explanation for the shit these people are arguing with me about in this thread.

Even trying to give the most basic definitions for capitalism/socialism etc from first year "intro to" economics or political science, undisputed concepts for hundreds of years, with huge bodies of scholarship around them, they're telling me it's bullshit and that instead capitalism means pursuing happiness or something?

Like humanity only just recently started pursuing happiness?

And socialism is when the state controls things?

Fucking social media... My head hurts.

[–]Padankadank 10 points11 points  (3 children)

That last sentence is great

[–]cinnapear 15 points16 points  (5 children)

I agree with him, though I think things might have worked out differently had crypto moved past speculation into actual utility. If 95% of the people doing anything with crypto are just trading it on exchanges, why would Bitcoin Cash's utility advantages ever surpass Bitcoin's first mover advantage?

See also, Nano.

[–]KallistiOW 5 points6 points  (1 child)

why would Bitcoin Cash's utility advantages ever surpass Bitcoin's first mover advantage?

Same reason that people prefer Polygon over Ethereum.

[–]Cobek 28 points29 points  (31 children)

This still doesn't describe why BCH is failing. It's pretty weird to blame a community of rebellious people considering that's exactly what ETH is, and on a large scale what crypto as a whole has always been.

BCH has big blocks and low fees. Plus a smart contract network being built. Can he explain, IN DETAIL, how this makes it obsolete?

[–]hardknockcock 14 points15 points  (23 children)

there are coins out there that have all those things plus smart contracts already available. What does it have over those besides being older?

[–]chickinflickin 5 points6 points  (3 children)

This. Similar as ETH and ETC, when classic forked cause ETH community wanted a rollback.

[–][deleted] 8 points9 points  (10 children)

Ethereum was, without doubt, founded around a rebellion. BTC would not encourage Turing-complete computing into its blocks and consensus, so Ethereum had to.

[–]ExplodicleDrivechain fan 6 points7 points  (7 children)

Not just wouldn't encourage - OP_EVAL accidentally added it to Bitcoin first, so the operation was deliberately removed. So then someone created Coiledcoin to try it anyways, and Luke-Jr had his pool 51% attack it.

[–][deleted] 2 points3 points  (0 children)

"I am going to make a product that does this job better" is hardly a rebellion. Its a mindset thing.

I occasionally check /r/btc and a huge portion of the posts are just complaining about Bitcoin. Not so much on /r/ethereum.

[–]aioncanPlatinum | QC: CC 44 | MiningSubs 25 7 points8 points  (10 children)

And then someone replied that it’s a jab on Charles Hoskinson

[–]Native411Platinum | QC: ADA 388, CC 202 | r/Politics 102 17 points18 points  (7 children)

What a dumb comment that was - Vitalik has already said that IOG is doing interesting stuff and doesnt seem to have any ill will there. Atleast as recently as his lex friedman podcast.

Im honestly so tired of the tribalism.

[–]Aegontarg07hello world 6 points7 points  (5 children)

I like ETH, ADA and DOT, no tribalism please

[–]LargeSackOfNutsBitchCoin | x1 4 points5 points  (1 child)

As someone who tries to invest in as many good projects as i can, the tribalism gets old FAST.

[–][deleted] 4 points5 points  (25 children)

I understand why outsiders would see BCH as "united around resistance". Here's the catch, tho: the Bitcoin Cash project has moved on to creating peer to peer electronic cash for the world just months after split.

In BCH there is no central authority, and so, there is no marketing budget. This is the big difference with possibly all other coins. BCH's accomplishments are not talked much about in non-BCH-specific avenues. Did you know that it has had an EVM-compatible L2 since June?

Big blocks have always been the future, and the big block argument is easily summarized in this simple sentence: as of 2022, the most recent Raspberry Pi can comfortably keep up with 128MB blocks. This will only get better.

[–]jejejajajojo 19 points20 points  (1 child)

there is no marketing budget

what happened to $200M Roger pledge to promote BCH ecosystem?

[–]norfbayboyPlatinum | QC: BTC 162, CC 20 | Politics 14 9 points10 points  (11 children)

Yes, the big block argument is..simple.

[–][deleted] 3 points4 points  (10 children)

OTOH, the small block argument is incredibly complex.

[–]Rubbing-Suffix-UsherGold | 2 months old | QC: BTC 28 | TraderSubs 28 10 points11 points  (1 child)

IMHO both solutions are too complex and we should default to a shiny rock based economy. Where shininess defines value.

[–]ExplodicleDrivechain fan 1 point2 points  (6 children)

Ooooh ooh I'll try to really simplify it, brace yourself for butchering oversimplification.

"The more bandwidth a program needs, the easier it is to censor. We can make transacting cheaper without increasing bandwidth."

[–]anonbitcoinpersonPlatinum | QC: CC 416, BTC 129, DOGE 86 | TraderSubs 18 2 points3 points  (1 child)

Did you know that it has had an EVM-compatible L2 since June?

trusted layer 2

[–]Rubbing-Suffix-UsherGold | 2 months old | QC: BTC 28 | TraderSubs 28 7 points8 points  (3 children)

the most recent Raspberry Pi can comfortably keep up with 128MB blocks

The issue was never about a devices capabilities, it was about network transmission.

[–]UcharsiUTin 1 point2 points  (38 children)

Does it mean Vitalik is scared that Bitcoin Cash is better than Ethereum at smart contracts?

I use smartBCH and there is no way I'll go back to Eth.

[–]jimmycryptso705 / 797 🦑 7 points8 points  (3 children)

SmartBCH is not yet decentralized. All of the real BCH backing SmartBCH is held in custody by a centralized exchange (Coinflex). I would wait until the decentralized bridge is released before putting any significant funds there.

There are plenty of L2s available with low fees, it's not like the only 2 options are SmartBCH or Eth.

[–]Strict_Suggestion9 / 1K 🦐 325 points326 points  (58 children)

Why have they chosen a pic where he looks like a murderer?

[–]kytheon8K / 8K 🦭 146 points147 points  (16 children)

Better use that pic where he very awkwardly eats lettuce

[–]Blooberino0 / 54K 🦠 33 points34 points  (6 children)

And the wimpy applause.

[–]Accomplished-Design7Permabanned 33 points34 points  (2 children)

Don’t forget about the one where he was eating his own booger after mining it

[–]Letitride37Platinum | QC: CC 410 2 points3 points  (0 children)

Bullish on Wimpy Applause Token $WAT

[–]Accomplished-Design7Permabanned 10 points11 points  (4 children)

How about the one where he eats his own booger?

[–]Hank___Scorpio28K / 27K 🦈 12 points13 points  (1 child)

you're psyched on that booger eh?

[–]alicenekocatPlatinum | QC: ETH 751, CC 37, ATOM 28 | TraderSubs 461 4 points5 points  (0 children)

I prefer the one with the booger and the wall

[–]Blazedout419 1 point2 points  (0 children)

He always looks awkward…

[–]Tishimself77 14 points15 points  (1 child)

I’m so happy my (extremely) awkward years were pre internet and smartphones where everyone has a camera in their pocket.

[–]Niko005Platinum | QC: CC 45 29 points30 points  (6 children)

Let's be honest. He totally looks like one.

[–]Accomplished-Design7Permabanned 12 points13 points  (3 children)

He started ETH, he can be anything he wants

[–]Aegontarg07hello world 2 points3 points  (2 children)

He’s a billionaire who looks like us

[–][deleted] 4 points5 points  (0 children)

Well, we were all built in his image so

[–]AaarghCobras 8 points9 points  (0 children)

He looks like a sex pest who is good at fintech.

[–]neel0918Tin 34 points35 points  (5 children)

Because he is murdering Bitcoin Cash

[–]Massive-Tension-1055 5 points6 points  (1 child)

More like a guy who needs to take a crap but is stuck talking to his mother in law

[–]combocookie 5 points6 points  (5 children)

Because he is the ETH killer.

[–]Sheeple90010 / 2K 🦠 1 point2 points  (1 child)

If ETH 2.0 doesn't deliver...

[–]letsgocrazySilver | QC: CC 30 | CRO 21 | ExchSubs 21 2 points3 points  (0 children)

He's already said layer 2s are going to to be needed.

An people need to to hey busy understanding that.

Even with eth 2, it is won't be enough with our layer 2s.

Ethereum ist going on to be used for hundreds and thousands of settlements per secondary in the future.

It won't do that alone

[–]pink_tshirt1 / 14K 🦠 1 point2 points  (1 child)

I HEARD YOU SOLD MY COIN...

[–]SoulMechanicPlatinum | QC: BCH 1448, CC 154, XMR 37 | r/SSB 9 | Politics 34 111 points112 points  (9 children)

Why link to a misquote of Vitalik and not to the actual tweet? He said he thinks it's mostly a failure, not that is a failure but he also says he sides with Bigger blocks.

"I was optimistic about Bitcoin Cash specifically, because I agreed with the big-blocker arguments in the scaling war more than the small-blocker arguments.

"1. I consider BCH a legitimate contender for the bitcoin name. I consider bitcoin's *failure* to raise block sizes to keep fees reasonable to be a large (non-consensual) change to the "original plan", morally tantamount to a hard fork.2. Theymos's censorship."

"Today, I would call BCH *mostly* a failure. My main takeaway: communities formed around a rebellion, even if they have a good cause, often have a hard time long term, because they value bravery over competence and are united around resistance rather than a coherent way forward."

Here's the actual tweet:

https://twitter.com/VitalikButerin/status/1477402793585655814?s=20

[–]nathanweisserBronze | NANO 9 42 points43 points  (4 children)

Because.. agendas. OP is part of a community formed around rebellion, too. He's just a part of the one that simps for small blocks.

Or he doesn't even know what that means, the more likely option.

[–]mymindismycastle1K / 1K 🐢 1 point2 points  (0 children)

This should be the top comment.

[–]DuggPlatinum | QC: BTC 58, CC 29 | Apple 13 45 points46 points  (32 children)

Pro-BCH disciples with no doubt explain how BCH is 'technically' better than ETH, but will miss the point being made by VB. My take away from this is BCH failed to create positive energy community, and failed to enhance the idea of BCH beyond simply following trends, (such as SLPs and smartBCH). BCH had the opportunity to deliver on UX improvements over BTC, none have been delivered (IMHO). So much time has been wasted on shitting on BTC rather than actually creating a digital cash.

You can somewhat forgive the contentions fork in 2017 - arguably anyone can fork at any point, for any reason, even if it's based on lies. What I don't think will ever be forgiven is the internal hustling by proven fraudsters and bad actors. The name is tarnished and I hope those who have genuine principles move on to different pastures instead of wasting their time.

[–]UcharsiUTin 15 points16 points  (13 children)

I don't think it is easy to create positive community when everyone constantly shit on it only because it challenges Bitcoin. Especially when bitcoin cash itself is very good.

Check smartBCH. Good farming opportunity.

[–]DuggPlatinum | QC: BTC 58, CC 29 | Apple 13 8 points9 points  (9 children)

With all due respect, and It may be slightly offtopic but BCH doesn't challenge Bitcoin, certainly doesn't at less than 1% of its market cap and certainly doesn't at less than 1% of the hash rate. You can argue certain metrics but what people want from Bitcoin isn't exactly what you BCH folk think.

BCH challenge is WeChat, AliPay, WhatsApp etc because before you know it, centralised digital payment apps will have better UX and much more universal reach than BCH can ever dream of. BCH had an opportunity to succeed, and as VB indicates its failure is due to lack of "competence".

If you think a few bad words is what caused BCH problems then it has no resilience. Bitcoin gets shit on every single day, just read this sub, yet its still #1

[–]UcharsiUTin 8 points9 points  (7 children)

BCH challenged Bitcoin as a currency. It is not challenging bitcoin as a speculation commodity and that is why it has 1% of bitcoin market cap.

Don't you think that bitcoin should be the one challenging Wechats alipays and so?

I think Bitcoin can't do that and that is why Bitcoin cash is better.

So yeah, bitcoin cash challenged bitcoin and did it good. In a way.

[–][deleted] 2 points3 points  (0 children)

I agree BCH is technologically better than Bitcoin, but there are dozens of projects that can say the same thing. Thats not enough for a project to be succesful.

[–]TripTryad 2 points3 points  (4 children)

BCH challenged Bitcoin as a currency. It is not challenging bitcoin as a speculation commodity

Has it not failed at both? Bitcoin has literally been adopted by a country and its also more adopted as a speculation commodity too. I see no metric or goal of BCH currently in real life that BTC isn't ahead on. It can have cheaper fees and technical superiority in spots here and there, but in terms of its actual real world aspirations, it seems accurate to point out that its being lapped in that regard by its competitor.

[–]UcharsiUTin 1 point2 points  (0 children)

I am not sure. People in comments keep saying that bitcoin failed to be currency. El salvador adopted bitcoin legally, but in fact bitcoin isn't used as a currency. I hope it is wrong and time will prove that wrong.

I don't think bitcoin can work as a currency because of high fees. El salvadore is bypassing that with centralised custodian wallets which is not entirely what we hope with crypto, isn't it?

Bitcoin cash is definitely challenging bitcoin in that. We can argue about how successful it is, but challenge is definitely there.

[–]Stockleezy 6 points7 points  (8 children)

You must have have used it in some years. The UE is above all other peer to peer cash coins.

Works better than btc , #cashfushion

[–]brentwilliams2 3 points4 points  (0 children)

The problem with BCH is that people still want it to moon, but still think it can be a replacement for fiat. From an economic standpoint, you don’t want fiat to have high volatility, and if it has the opportunity for large increases in value, then people will hoard it, thus decreasing the velocity of money. It’s a horrible system.

[–]Cobek 3 points4 points  (0 children)

When ETH fees are finally low then we can say BCH is dead. Until then it's not.

[–]jejejajajojo 1 point2 points  (1 child)

respect.

i would add it failed its mission to be the "BITCOIN".

[–]alicenekocatPlatinum | QC: ETH 751, CC 37, ATOM 28 | TraderSubs 461 22 points23 points  (11 children)

Remember when Vitalik said that Bitcoin Cash was a good short-term solution for Ethereum for data availability.

I 'member

[–]losttraveler36 12 points13 points  (1 child)

Think he is worried cause BCH just figured out how to do smart contracts at scale?

[–]iammasvidal 26 points27 points  (3 children)

I would say Eth is a failure also

[–]UcharsiUTin 15 points16 points  (0 children)

Shhh, lets just shit on bitcoin cash so maybe nobody will notice haha

[–]timbulance9K / 9K 🦭 4 points5 points  (0 children)

So far definitely

[–]StonkTrad3rTin 11 points12 points  (3 children)

Sorry it says the article is locked behind GAS fees.

[–]Probably_notabot 6 points7 points  (0 children)

All I heard was “2.0 still isn’t ready”. Hurry it up!

[–]1lluministBronze 13 points14 points  (7 children)

It's wild how people prefer to use a coin that costs a shit ton to move around.

BCH is one of the best coins out there IMO. It's fast AND cheap.

[–]timbulance9K / 9K 🦭 1 point2 points  (0 children)

Network upgrade May 15th 2022

[–]ShittyThemeSongTin | 4 months old 16 points17 points  (6 children)

One of the most common types posts on r/Ethereum is criticizing the extremely high gas fees, I myself had to pay $80 on one transaction.

The gas fees on SmartBCH is typically $0.01

I think the only "failure" is people not realizing there are cheaper options besides ETH.

[–][deleted] 12 points13 points  (1 child)

The audacity to talk about fees when your shit costs $40-60 a transaction. How about you fix that first before throwing shades at btc?

[–]samuraiscoobyBronze 2 points3 points  (1 child)

Lmao this picture they used for the article makes him look like a villan

[–]Hungry-Class9806 2 points3 points  (0 children)

I don't hold it but I like the project and I still considere it the most technically advanced form of P2P cash (faster and cheaper in comparison with Bitcoin).

But ultimately their community is a mess. Continuous drama, they favour centralization and they embraced the wrong people and welcomed them as leaders, like Craig Wright and Roger Ver.

Good project with an awful community.

[–]DRKMSTRPlatinum | QC: CC 29 | r/WSB 20 14 points15 points  (5 children)

Interesting saying this now that BCH has a smart chain.

Is he afraid of competition?

[–]td42Bronze | NANO 5 | Linux 70 21 points22 points  (8 children)

$8 billion dollar market cap

"Failure"

I don't even like BCH, but c'mon guys. The only reason this is being up-voted is because it is a comment by Vitalik.

There's plenty of things Vitalik has said over the years that do not reflect reality, if any random person on reddit yesterday said an $8 billion dollar market cap coin was a "failure", they'd be laughed at and down-voted into oblivion.

[–]demo706 10 points11 points  (0 children)

People say that all the time and get heavily upvoted for it about coins with bigger caps than that. Mainly doge.

[–]nitrolimitzBronze 20 points21 points  (17 children)

BCH is good for some cases, it's not a failure in my eyes

[–]Accomplished-Design7Permabanned 18 points19 points  (14 children)

It has really low fees that I do recall

[–]Nugwolf 21 points22 points  (12 children)

Yeah, coins that nobody use do tend to have really low fees

[–]Cobek 11 points12 points  (5 children)

It's 1/5th the transactions of Bitcoin, but much lower compared to ETH, which is the highest. I wouldn't say 50k daily transactions is "nobody", but it's definitely not everybody.

[–]nathanweisserBronze | NANO 9 7 points8 points  (2 children)

There are periods where BCH has had orders of magnitude more traffic, and simultaneously orders of magnitude smaller fees. You do understand what is meant by "big blocks", yes?

[–]TaylorynGreyJoyTin 4 points5 points  (0 children)

From the guy who's gas fees out weigh the actual amount... yea....

[–]Raikaru 7 points8 points  (0 children)

Like he said, a project can be built identifying a problem that exists but at the same time not adequately address that problem

[–]TjaaarkTin 4 points5 points  (1 child)

and he's right 🤷‍♀️

[–][deleted] 8 points9 points  (0 children)

Can someone explain to me how BCH is a failure when it is faster and cheaper than ETH? I know they’re not the same and ETH blockchain has much more potential for dapps and stuff, but I don’t understand why he says it’s a failure when it is a very efficient method of transactions and is being used extensively by small businesses in third world countries.

[–]RoundedColt8Platinum | QC: CC 28 6 points7 points  (2 children)

BCH isn't bad, even Vitalik says that bigger blocks are a huge improvement over BTC's block size

I don't see why one can't support BTC as the superior store-of-value and BCH as the superior payment method

We can all unite and say that BSV is the real enemy here :)

[–]SadboiiyBronze 1 point2 points  (0 children)

Why is he so scary in that picture?

[–]FeynmansRazorTin 1 point2 points  (2 children)

fix gas fees please, ser

[–]always_stay_activ3Bronze 1 point2 points  (0 children)

Why he looks like Beavis and Butt-head?

[–]kertenk103 / 122 🦀 1 point2 points  (0 children)

Only one king ,one heir..

[–]ChavarlisonBronze | CRO 21 | ExchSubs 21 1 point2 points  (0 children)

Why does he always look so evil in thumbnails. Don't they have a better picture to use?!?!

[–][deleted] 1 point2 points  (0 children)

God he looks like such a creep

[–]Loki11910Tin 1 point2 points  (1 child)

Crypto turned into a casino and an investment vehicle in will never be a currency

[–]eyecandy99 1 point2 points  (0 children)

It has its use cases. It was one of the coins that got me into crypto. Its dear to my heart

[–]strifelordTin | r/WSB 34 1 point2 points  (0 children)

He’s not wrong

[–]robtimist 1 point2 points  (1 child)

Man IDK if I was readin too fast or what but I swear I read the title as “Vitalik in fatal crash” 💀😭 had me worried

[–]VignaroliTin | CC critic 1 point2 points  (0 children)

That's why we call him captain obvious.. 😀

[–]archer4364Paddy's Dollars 1 point2 points  (0 children)

I still use BCH over others lol

[–]valz_3K / 3K 🐢 1 point2 points  (0 children)

Well, he’s not wrong

[–]InfoTechLawyerPlatinum | QC: XMR 25, CC 15 | VET 8 1 point2 points  (0 children)

It failed because there were so few transactions using BCH that the enticement to miners to continue securing the network went down. Even before BCH halving, miners were already going elsewhere.

I think that the biggest strength of BCH was never used to its fullest. It was supposed to be transacted with. But what happened was that many held it in hopes that it would keep going up. But the philosophy of BCH was that it needed to be transacted to increase its utility and, therefore, its value. With hashrate down, it means that security is down, and a 51% attack is easier - just not practical anymore because it doesn't really give enough reward if it succeeds.

[–]moonRekt11K / 11K 🐬 1 point2 points  (1 child)

I’ll never understand people who call it a failure when it’s been the most widely accepted crypto thats fees dont outweigh the cost of money sent on a damn pizza

[–]sickvisionz0 / 7K 🦠 7 points8 points  (5 children)

It failed to catch on but the chain functioning just fine does show how idiotic the BTC community is about actually being against the concepts of high speed and low transaction cost, even if it does nothing to negatively impact the operation of the chain.

[–]antfoo 7 points8 points  (4 children)

Btc transactions are fast and cheap now. Are you still in 2017?

[–]cryptOwOcurrency2K / 2K 🐢 1 point2 points  (0 children)

Nobody uses it anymore to actually transact, which causes low activity and thus low fee auctions. It's entirely given up on being a "peer-to-peer electronic cash system" like in the whitepaper.

[–]topshattaBTin | CC critic 4 points5 points  (0 children)

You should worry about your own project mr vitalik.

[–]Blazedout419 0 points1 point  (1 child)

It’s not really a failure since it remains used for some stuff with those low fees. BCH just had the worst marketing I have ever seen with the “BCH is the real Bitcoin” crap. The further it slides in market cap the harder it is to gain new users. I don’t think most people care about fees enough to embrace other coins. BCH will always be active due to its dedicated users, but I doubt it ever moves back up the list price wise.

[–]HemskeTin 3 points4 points  (1 child)

What about Ethereum Classic?

[–][deleted] 6 points7 points  (7 children)

ETH is a failure with its unfixable high gas fees

[–]ArrayBoyTin | QC: CC 16 | ETH critic | ADA 8 5 points6 points  (2 children)

ETH is also a failure with it's unusably high fees. Only Bitcoin has and will stand the test of time. I'm proven right year after year.

[–][deleted] 3 points4 points  (1 child)

Lmao

Buterin "BTC is a cash failure"

Me holding eth bc gas fees are up the ass right now and polygone getting hacked and now I have to use other shit coin alt called LRC.

ETH is a shit coin. Bc of the gas fees heading to Buterin pockets. Now you got second layers getting hacked 😒 SMH man maxi be smoking that good shit.

[–]celmate 4 points5 points  (9 children)

Does BCH even do anything other than get sent around for cheap?

It just feels like nothing has changed on it and it's been totally left behind. I get the reason it exists in the first place, but feels like a dinosaur now.

[–]cheaplightningPlatinum | QC: CC 24, BCH 153 8 points9 points  (5 children)

memo.cash, read.cash, noise.cash, benswap.cash, mistswap.cash, enter-the-sphere.com, joystick.club, one.surgery, flipstarter.cash, gaze.cash, member.cash, onlycoins.com, anyhedge.com, blockchain.poker, lazyfox.io, cashfusion, cashshuffle and on and on. These are just some of the things you can "do" with BCH off the top of my head. Just because you do not look does not mean things are not there.

[–]CmozPlatinum | QC: CC 272, BCH 214 | Investing 63 3 points4 points  (0 children)

BCH has had a ton of development to facilitate onchain scaling, and allowing smart contracts that are impossible with BTC. One of my favorite projects that was personally useful for me is "Last Will" a smart contract based noncustodial inheritance system.

np.reddit.com/r/btc/comments/bbp3bv/announcement_introducing_last_will_smart_contract/

[–]kvgamer0 / 2K 🦠 2 points3 points  (0 children)

Time will show. I think BCH have it's value and use case ...

[–]lionmandawgPlatinum | QC: CC 26 1 point2 points  (0 children)

I haven’t even heard anyone mention Bitcoin Cash in ages!

[–]jimmy_riddler_Platinum | QC: CC 144 1 point2 points  (0 children)

Doesn't take the mind of Vitalik to come to that conclusion

[–][deleted] 1 point2 points  (0 children)

😂

[–][deleted] 1 point2 points  (0 children)

communities formed around a rebellion have a hard time

But BTC is built around a rebellion against fiat.