Row 9411

Row ID: 9411 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 9411 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

Bitcoin Cash, in simple terms, is an upgraded, better version of Bitcoin that actually functions well as peer-to-peer electronic cash

I'm going to assume you know a little bit about cryptocurrency, what a blockchain is, how it works, why it's useful, how it's decentralized, secure etc. If you don't know, the original Bitcoin whitepaper is a good place to start. I may link some explanations later.

Advantages of Bitcoin Cash - Instant transactions, no fear of chargebacks - zero conf, No RBF - Low fees - fraction of a cent per transaction of any amount - Permissionless - you could make a wallet and I could send you some right now, with no banks, government involved - Functions well at scale where other cryptocurrencies may not - larger blocksize, recent ABLA upgrade - Decentralized, no central authority or developer dictating how it works - Shared history with BTC before 2017, not a new coin, not a pre-mined coin. It is not just a different version of Bitcoin, it is a continuation of bitcoin from the very beginning of cryptocurrency up until the 2017 fork Does not force a limited 1MB blocksize, does not use SegWit, does not need a 2nd layer to scale - Uses PoW, not PoS. Topic for another time - Fixed supply, 21M coins. Deflationary, not inflationary - Highly secure when used correctly with self-custody on a secure dedicated device - Privacy - Single use receiving addresses, RPA, CashFusion - Active development and passionate community actually working towards peer-to-peer electronic cash adoption

Disadvantages of Bitcoin Cash - Competing against a very large, highly speculative market that doesn't follow fundamentals - Many different wallets, can be difficult to discern what's good, what's safe etc - Volatility - problem largely solved with BCH Bull - Negative perception after the BTC/BCH split - seems to be improving over time - Lower hashrate, lower price and less general interest by comparison - may change in the future as fundamentals become more important.

Conclusion - BCH is a fundamentally sound cryptocurrency which works as intended where other cryptocurrencies may not or do not - If you are interested in peer-to-peer electronic cash as described in the original bitcoin whitepaper, then Bitcoin Cash is the cryptocurrency for you - This is not financial advice, do your own research, don't put money into something you don't understand, i am not responsible, etc - Remember, the purpose of cryptocurrency is not investing, and not to get rich, but to have a sound alternative to government issued and controlled currencies

Field	Value
text	Bitcoin Cash, in simple terms, is an upgraded, better version of Bitcoin that actually functions well as peer-to-peer electronic cash I'm going to assume you know a little bit about cryptocurrency, what a blockchain is, how it works, why it's useful, how it's decentralized, secure etc. If you don't know, the original Bitcoin whitepaper is a good place to start. I may link some explanations later. Advantages of Bitcoin Cash - Instant transactions, no fear of chargebacks - zero conf, No RBF - Lo…
label	r/btc
dataType	comment
communityName	r/btc
datetime	2024-05-20
username_encoded	Z0FBQUFBQm5Lakw0SFFrSGdCbzhKLUV5RWk4YkwxTDNfRmZoQVNxbkY1VlcxTG1VM1hHUXdhOWFwWi1KMkpqTnVCaEtlam82LXpraTNvX29TTmpaNWlKclJOcklxTFNxNnc9PQ==
url_encoded	Z0FBQUFBQm5Lak9JRFR2cDF0aXEzTDJmd3Y4b19MNmFDU0Y5MEJVNmZhYkhYNkJLNkU3ak9aOXA3WVRkdVdzWS1zMG9xTVZkTkNLT0plMzZiYUV0am1td3hUcVpaRFQydzdmVWZqdFZmTFVhUG5HMkUzdElMUW9ZRTV0bE5iX3VQVl9ySTE3OFRlVUcwcTZiWFl6bTVyMWVjdy1GdUgzLURnRU4tUENHX3VfUkF1WTRQVXExcndnWmR5YVNXU0p1QXQ1blN1MWVQT0VGOEJFaTNWSG9rRGlUQ01fU1pFRDNVdz09

Raw Record

{
  "text": "Bitcoin Cash, in simple terms, is an upgraded, better version of Bitcoin that actually functions well as peer-to-peer electronic cash\n\nI'm going to assume you know a little bit about cryptocurrency, what a blockchain is, how it works, why it's useful, how it's decentralized, secure etc.\nIf you don't know, the original Bitcoin whitepaper is a good place to start. I may link some explanations later.\n\nAdvantages of Bitcoin Cash\n- Instant transactions, no fear of chargebacks - zero conf, No RBF\n- Low fees - fraction of a cent per transaction of any amount\n- Permissionless - you could make a wallet and I could send you some right now, with no banks, government involved\n- Functions well at scale where other cryptocurrencies may not - larger blocksize, recent ABLA upgrade\n- Decentralized, no central authority or developer dictating how it works\n- Shared history with BTC before 2017, not a new coin, not a pre-mined coin. \n\tIt is not just a different version of Bitcoin, \n\tit is a continuation of bitcoin from the very beginning of cryptocurrency up until the 2017 fork\n\tDoes not force a limited 1MB blocksize, does not use SegWit, does not need a 2nd layer to scale\n- Uses PoW, not PoS. Topic for another time\n- Fixed supply, 21M coins. Deflationary, not inflationary\n- Highly secure when used correctly with self-custody on a secure dedicated device\n- Privacy - Single use receiving addresses, RPA, CashFusion\n- Active development and passionate community actually working towards \n\tpeer-to-peer electronic cash adoption\n\nDisadvantages of Bitcoin Cash\n- Competing against a very large, highly speculative market that doesn't follow fundamentals\n- Many different wallets, can be difficult to discern what's good, what's safe etc\n- Volatility - problem largely solved with BCH Bull\n- Negative perception after the BTC/BCH split - seems to be improving over time\n- Lower hashrate, lower price and less general interest by comparison - \n\tmay change in the future as fundamentals become more important. \n\nConclusion\n- BCH is a fundamentally sound cryptocurrency which works as intended where other cryptocurrencies \n\tmay not or do not\n- If you are interested in peer-to-peer electronic cash as described in the \n\toriginal bitcoin whitepaper, then Bitcoin Cash is the cryptocurrency for you\n- This is not financial advice, do your own research, don't put money into something \n\tyou don't understand, i am not responsible, etc\n- Remember, the purpose of cryptocurrency is not investing, and not to get rich, \n\tbut to have a sound alternative to government issued and controlled currencies",
  "label": "r/btc",
  "dataType": "comment",
  "communityName": "r/btc",
  "datetime": "2024-05-20",
  "username_encoded": "Z0FBQUFBQm5Lakw0SFFrSGdCbzhKLUV5RWk4YkwxTDNfRmZoQVNxbkY1VlcxTG1VM1hHUXdhOWFwWi1KMkpqTnVCaEtlam82LXpraTNvX29TTmpaNWlKclJOcklxTFNxNnc9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak9JRFR2cDF0aXEzTDJmd3Y4b19MNmFDU0Y5MEJVNmZhYkhYNkJLNkU3ak9aOXA3WVRkdVdzWS1zMG9xTVZkTkNLT0plMzZiYUV0am1td3hUcVpaRFQydzdmVWZqdFZmTFVhUG5HMkUzdElMUW9ZRTV0bE5iX3VQVl9ySTE3OFRlVUcwcTZiWFl6bTVyMWVjdy1GdUgzLURnRU4tUENHX3VfUkF1WTRQVXExcndnWmR5YVNXU0p1QXQ1blN1MWVQT0VGOEJFaTNWSG9rRGlUQ01fU1pFRDNVdz09"
}

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Entry Information

Entry ID: 9411
Repository: Axioma AXP
Dataset: arrmlet/reddit_dataset_36
Total Entries: 100,000