To me, Bitcoin is a purely peer-to-peer electronic cash system. You can also call it sound money. But if it stops being cash or peer-to-peer, I couldn't care less about its branding (name and ticker), its PoW, and everything else. It simply isn't Bitcoin.

When BTC and BCH split the chain in two and started following different paths in August 2017, BTC decided to stop being peer-to-peer cash (by forcing a 1mb limit of transactions), while BCH decided to continue being peer-to-peer cash (by lifting the limit like Satoshi and every other bitcoin user intended from the beginning).

That's why I say BCH is literally the original Bitcoin, and that's what I use as cash. A ticker or PoW won't let you transact freely with your peers, it won't make your transactions instant, free and reliable. A purely peer-to-peer electronic cash system will.

submitted by /u/WiseAsshole
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source https://www.reddit.com/r/btc/comments/lebnaa/to_me_bitcoin_is_a_purely_peertopeer_electronic/