Friday, 2 September 2022

I just want to say, I’m ultra thankful to this community of builders for everything they’ve done and are doing, all the researchers, developers, business leaders and users. You make me proud.

I was never proud introducing BTC to my father in the height of 2017, when he laughed at the transaction fees being higher than Western Union when I sent him that BTC transaction.

Today, I’m not only proud showing off Bitcoin Cash’s (or Bitcoin as it should have always been) transaction fees, but also:

  • Native OP codes which enable unprecedented non-account-based smart contracts and oracles

  • Cash Fusion and the truly enabling of cash-like fungibility

  • SmartBCH (even though I still dislike its current centralized topology) and what it enables and empowers creators in issuing their own SmartContracts and tokens: My barber is planning to expand his shop by issuing a SmartBCH token and then offer the holders a part of his future revenues!

  • Flipstarter and the decentralized nature of fund raising. We saw first hand how the bank accounts and fund raising efforts of the Canadian mandates protestors were frozen. FlipStarter forever changes this.

  • The multitude of Decentralized exchanges available for SmartBCH and BCH - From the amazing indexers which allow you to trade across all these exchanges to the amazing Pokémon game and lottery on BenSwap. The creativity is endless.

  • BCH.Games and the other amazing casinos and lotteries leveraging the insanely fast 0-confirmation transactions and the eventual near-free on-chain transaction. Absolutely ground breaking applications of an otherwise a very straightforward working-Bitcoin implementation.

  • AnyHedge and the amazing of native oracles and on-chain contracts enforcing externally-determined outcomes. This will literally redefine industry standards when it comes to options, futures and other derivatives trading.

  • True Decentralization: Decentralization of mining clients, Decentralization of development teams, Decentralization of mining, Decentralization of Development Roadmaps (CHIPs), Decentralization of everything. Every other coin fails this test, and this is how BTC was captured and throttled by a company who then sold their solution (Liquid) to a problem which otherwise wouldn’t exist had this team didn’t centralize decision making around themselves.

  • Censorship resistance on the community and ideology level: Every Bitcoin Cash participant and community member actively resists censorship and advocates for dialogue. From rBTC to Read(dot)Cash to memo(dot)cash to Twitter spaces: All non-trolling opinions are welcomed and all constructive discussions and criticisms are welcomed.

  • Decentralized Payment Processors such as Prompt(Dot)Cash and others. Absolutely phenomenal in merchant on-boarding and in allowing conventional commerce an easy on-ramp to the peer to peer electronic cash universe.

  • True resistance to any take-over attempts driven by a mature understanding of the Bitcoin Peer to Peer electronic cash use case: Teams were kicked out when they tried to fork segwit into the code (BTC) in order to sell off-chain rent-seeking solutions , then again when they tried to copyright Bitcoin (BSV), and yet again when they tried to tax Bitcoin (ABC/XEC), and it will reliably happen over and over again thanks to Bitcoin’s built-in game theory incentives and equilibrium.

  • Amazing Protocol-level development and on-chain scaling research: From the amazing work General Protocols do in creating native development frameworks and protocols, to the amazing scaling work by people such as Andrew Stone (XThinner) and Peter Rizun.

  • Amazing on-chain unstoppable tools: From decentralized voting with voter(dot)cash to Cash IDs

  • And the list goes on and on.

Bitcoin Cash (Bitcoin) will eat the world. Stay tuned!

submitted by /u/wisequote
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source https://www.reddit.com/r/btc/comments/x3geth/i_just_want_to_say_im_ultra_thankful_to_this/

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