A lot of folks are still caught up with Bitcoin, but honestly, I find Bitcoin Cash way more practical for everyday stuff. The fees are typically way lower, and when the network gets crowded, transactions go through much quicker. With Bitcoin, sending small amounts sometimes just doesn’t add up because the fees can really rack up. Bitcoin Cash was designed to keep things cheaper and simpler for everyday users. Plus, I feel like BCH sticks closer to the original vision of peer-to-peer electronic cash. For basic payments and transfers, it just feels way more user-friendly than Bitcoin.
Why I believe Bitcoin Cash is better for daily transactions
10 replies 273 views
If it's about the fee, there are other altcoins that are better than Bitcoin Cash. To name the few;
- LTC
- XRP
- BNB
- TRX
How come when we transfer small or big amounts with Bitcoin doesn't make no sense when the fee most of the time it's 1 sat/vB?
That means your thinking is wrong, are you still living in the early days of Bitcoin (BTC)?
Bitcoin (BTC) is currently developing well, if your problem is scalability & fees, then now there is LN. With LN, you no longer need to worry about when the Bitcoin (BTC) you send will arrive at the destination address, the finality is so fast, mate. Then regarding fees, with LN you will only be charged in "sat" units, of course that should be cheaper than the Bitcoin Cash (BCH) network fees, right?
SilentGuruSenior Member
Posts: 432 · Reputation: 1445
#4Jul 13, 2020, 07:32 AM
BCH is entirely different thing to BTC so it falls under category of altcoin, since no altcoin is as secure as bitcoin then you might as well use altcoin with more liquidity and cheap fees like solana.
Although it's not wrong if you want to use BCH.
On the other hand you can always use bitcoin's sidechain which use Bitcoin as their gas token and the fee is usually near zero.
In my years within crypto I never ever used Bitcoin Cash aside I guess that I use to sent those coins after that hard fork to exchanges. I don't know about the fees but I think there are more practical cryptocurrency out there for daily use rather than Bitcoin Cash. For small amounts I can use XRP, SOL or TRX, more practical than ever and they are far more exceed expectations when it comes to fees and confirmation/processing time.
Nobody really care about Bitcoin Cash because it's an old coin and people prefer to use stablecoin these days for everyday payment and bitcoin for investment. That's the truth.
BasedTokenFull Member
Posts: 83 · Reputation: 487
#7Jul 14, 2020, 02:11 PM
The problem is that Bitcoin transaction fees are unstable and consistently remain at 1 sat/vB. We need to acknowledge that Bitcoin transaction fee are highly volatile and depend on the time. Sometimes they are around 520 sat/vB, but they can also rise to several hundred sat/vB when the network becomes seriously congested. For example, during the Ordinals boom, fees at one point soared to over 500 sat/vB.
I have never used BCH, but the truth is Bitcoin can hardly compete with altcoin or stablecoin in terms of transaction fee and speed. That is the price Bitcoin pays for decentralization.
Nothing is wrong with bitcoin cash, it's been a long time I used the coin, but during the period I had a good number of bitcoin cash, transaction fees was nice, and from the responses above, the fees are still great. The thing with bitcoin cash over here is that the story behind it isn't great, so whatever goes with BCH, good or bad, won't take it out of the bitcoiner's mind who see it as a shitcoin as what they always saw it as in the past.
You're right each tx of BCH may cost less than what Bitcoin charged, but the main problem is that Bitcoin is much more widely accepted. People are also building a mindset if Bitcoin can also be used as an asset to hedging the inflation. Meanwhile, we have so many assets, which are also even more scalable than BCH.
So the key difference is that Bitcoin much more useful instead of BCH. Relying upon its scalability to push the adoption will never work because they days people can even use stable coin, which is not volatile as BCH to transacting anything.
vault_2009Full Member
Posts: 198 · Reputation: 739
#10Jul 17, 2020, 10:28 AM
The problem is that bitcoin is not used for main transaction and everyday payments, we have so many coins to use that and many chains that are cheap. Like these days look at how much USDT is moved via TRX and you will see that it's actually quite a lot, we use that a lot.
So we should be realizing that this is not something that we need to be worried about, I personally believe that this should be something that we do not really care about, we could be doing a lot better if we are careful. I understand bitcoin cash is still loved by certain group of people and that's fine, but the market has made it's decision and bitcoin cash is not used or liked that much by the market and gradually it's getting lower and lower on the rankings.
You are correct about Bitcoin cash, it has not caught up near Bitcoin or near the preferences of some top altcoins and I don't think that many who are not deep into cryptocurrency really knows about BCH because Bitcoin is dominant. Another reason why BCH never lived up to expectations is that the name sounded like a copycat to Bitcoin making it not to have an originality and that is probably why it's not widely preferred.
From my observation a lot of crypto holders prefer stablecoins for daily transactions because it is not volatile so the strategy is pretty much hold Bitcoin for investment and spend top stablecoins like USDT and USDC for daily basis.
Related topics
- Impact of Bitcoin Dominance on Altcoin Prices 8
- CoinAge.Cash: Looking to Create a White Label 1
- FrameChain: Keeping Humanity's Videos Safe on Bitcoin Ordinals, Frame by Frame 1
- Is bitcoin hyper (HYPER) for real? 16
- is qubic a threat to bitcoin? 15
- Is Mining Crypto on Your Phone Possible or Just a Trend? 19