With Monero’s future in uncertain waters I would like to invite the Monero community to take a deep look at Bitcoin Cash as a fall back measure if anything were to happen to Monero.
BCH is fighting to become the word reserve currency and is on a solid trajectory to achieve it.
As you can see from the graphic BCH has everything required from a world scale money.
Most importantly BCH has superb privacy while maintaining the gold standard audit-able secure ledger, plus we have the Bitcoin brand which has immense value.
If nothing else make BCH your backup, you will not regret it!
CashFusion - True Privacy on Bitcoin Cash
https://odysee.com/@backyarddirectors:c/cashfusion-true-privacy-on-bitcoin-cash:c
I find it commendable you’re continuing a fight for what you believe in. Loyalty to your version of the true bitcoin.
Though I question whether programmable money is actually a good thing. We can program Monero already. Its called payment terminals, automatically transferring funds, processing payments, checking balances, etc, etc. Thats what programmable money should be & its easily handled with third party tools.
Do we actually want feature creep in our money? What does programmable money actually solve? Also is money, the right tool to be used for solving those issues? Utility chains like ETH, SOL, LINK, or any other smart contract cryptos might be a better fit for decentralized high attack cost programs then our medium of exchange. For the rare overlap between the 2 luckily its possible to wrap Monero, Bitcoin Cash & any other digital currency into a utility crypto.
Also why would the Monero community need to bring Monero’s privacy to BCH? As much as I respect the BCH community, if they want privacy, their free to do it themselves. Monero is open source after all, so they can take it upon themselves to add these privacy measures to BCH.
If Bitcoin Cash ever has better privacy then Monero & the market decides its the new premier privacy coin, then I would happily use the “real” bitcoin. I would miss ASIC resistant mining though, I believe CPU mineability to extremely important for real decentralization. But it would be nice to transact privately in the legacy of Satoshi once more.
Very respectable reply, thanks.
I believe Monero has a place, I like it and use it. However it is not for everyone. There a high technical barriers and UX issues.
I think Monero is for the privacy hardcore minded and techie crowd, this is a niche community.
Wallet sync times are a show stopper for most users. The wallet needs to be instantly available to spend, it can take an hour to sync a Monero wallet on a slow connection.
Transaction spends need to be instantly available, in Monero they are locked for 20 minutes this is impractical in real life.
Monero is notoriously difficult to integrate into other systems and networks, we need something that can be simply added everywhere with minimal effort.
Then there is the issue of scaling. The chain grows infinitely and all data needs to be stored forever. Stress tests have shown Monero can only do 700k TX per day max. This can maybe be doubled with tweaks but to me it feels like the XMR tech cannot go much further.
BCH on the other hand can do 10 million TX per day right now, and likely much more. It has instant transactions and no coin locking. Advancements are in the works to bring BCH to 200k TX per second. Bitcoin Cash is for everyone, everywhere, all at once. This is the difference.
The beauty of smart contracts on BCH is that you get complex power with secure and relatively simple code. Our new freedom money needs all the features legacy finance offers and more.
Advanced smart contracts on Bitcoin Cash - https://youtu.be/o0jeLBJOr8Y