Is Bitcoin Cash the next Bitcoin?
No, unfortunately it's a centralized grift, be aware!
Like most alternative cryptocurrencies, Bitcoin Cash differs fundamentally from Bitcoin's decentralized, trustless design.
Critical breaches of Trust by Bitcoin Cash
| Principle Broken | Specific Issue |
|---|---|
| ❌ Immutability | Two mining pools performed 51% attack, May 2019 |
| ❌ Immutability | BTC.com and BTC.top colluded to reverse transactions |
| ❌ Immutability | 51% attack on Bitcoin Cash ABC fork, November 2020 |
| ❌ Neutrality | Emergency Difficulty Adjustment gamed by coordinated miners |
| ❌ Neutrality | EDA caused 120,000 more BCH than BTC mined, Aug-Nov 2017 |
| ❌ Decentralization | Two mining pools controlled enough hashrate for 51% attack |
| ❌ Decentralization | Mining dominated by ASIC farms in enterprise data centers |
| ❌ Proven Security | Multiple 51% attacks proved network insecurity |
| ❌ Proven Security | EDA algorithm exploited, required emergency hard fork November 2017 |
| ❌ Trustlessness | Must trust large mining pools won't collude again |
Why Bitcoin?
Bitcoin is the only truly decentralized cryptocurrency. It has no CEO, no company behind it, and no central authority that can change the rules. Unlike Bitcoin Cash and thousands of other cryptocurrencies, Bitcoin's supply is fixed at 21 million coins, and this cannot be changed.
Most alternative cryptocurrencies (often called "altcoins" or "shitcoins") are created to enrich their founders and early investors. They often have:
- Centralized control and decision-making
- Pre-mined tokens given to insiders
- Unlimited or changeable supply
- Unproven technology and security
- Heavy marketing but little substance
Don't fall for the hype. Educate yourself about Bitcoin and understand why it's different from every other cryptocurrency.
Learn About Bitcoin
Understand what makes Bitcoin different from every other cryptocurrency. No CEO. No company. No central authority.