![5 reasons why i plan to adopt bitcoin cash for everyday payments [and you should too]](https://ohiobitcoin.com/wp-content/uploads/2019/02/SzCR89.jpg "5 reasons why i plan to adopt bitcoin cash for everyday payments [and you should too]")
![5 reasons why i plan to adopt bitcoin cash for everyday payments [and you should too]](http://ohiobitcoin.com/wp-content/uploads/2019/02/SzCR89.jpg "5 reasons why i plan to adopt bitcoin cash for everyday payments [and you should too]")
The Cash has had little negative volatility in recent times, just like itself and . In times like these, the question arises: why don’t we just use Cash?
Here are five reasons that I’m considering adopting Cash as my of choice for everyday usage.
1. Low Fees, Empty Blocks
The on Cash is less than a penny. Despite having large blocks, most of the blocks are relatively empty by comparison to . If you have a lot of inputs, your transaction fee will be higher, of course. But the cost of a kilobyte is a penny, whereas the average cost of my last 10 transactions using the flagship was between 7 and 9 cents. These were well-formulated transactions, crafted by Coinomi .
2. bitcoin Developers Favor Making Blocks Even Smaller
I agree with that the block size should be smaller. I feel more confidence to say it now that we have LN making strides. I’ll run the soft fork.
— John Carvalho (@BitcoinErrorLog)
There is now increasing chatter in the community about decreasing the size of blocks in order to stimulate usage of networks like . I’m sorry, but artificial scarcity isn’t the same as real scarcity. The battle for the block size increase is over, and two new chains, each with their own markets and communities, arose from the wreckage. That was probably going to happen no matter what, but it’s questionable whether or not those communities would have been viable or not.
Some of us prefer to transact directly on-chain, the way we always have. Call me old-fashioned, but I simply don’t use enough to worry about setting up payment channels or figuring out how to use some third-party software. I’m sure the day will come that it will be a necessity, regardless of whether or not block sizes are reduced. I would assume most wallets, like Coinomi, will have adapted to the changing times by then.
3. You Can Spend Your BCH and Save Your BTC
Deciding to use BCH doesn’t mean you have to sell your . | Source: Shutterstock
Look, let’s not get off subject. There’s a viable alternative chain called Cash. I have a friend who’s never even redeemed his Cash yet. Just hasn’t had any interest in doing it, but he has a lot of pre-fork UTXOs on that chain. Now we’re at a time where there’s real competition for fees on . For example, if you’re going to move coins between crypto exchanges, the fee for making a quick conversion to Cash might be less than the withdrawal fee. The BCH withdrawal fee is generally lower, as well. So you could save money, and once you’re there, get back into if that’s what you’re trying to do.
4. bitcoin Cash is Widely Accepted
And, of course, Cash is accepted most everywhere that is. BitPay and most of its alternatives support it. You can’t say the same for SV, which has continued to lose value while Cash has at about 200% of its per- price. That said, I’m not prepared to make remarks on the long-term proposition of BSV. I should disclose that I’ve taken the opportunity to gather a little extra, in case the market surprises us.
5. Maximalism is so Middle School
The crypto community should tone down the tribalism. | Source: Shutterstock
I’m not a maximalist on anything. I see those viewpoints as not only childish but toxic. They push newcomers away. The last thing you want to get involved in when joining a new community is “” arguments. I hold all three versions of and consider them almost equally valid. Clearly, there’s more liquidity for and BCH, but that’s not the only thing that matters. SV makes up for this in a really interesting developer community. People who shrug off market negativity and continue to produce interesting software. That’s what keeps me cautiously positive as regards BSV.
But back to the question. If prices are going to be this stable, why do we bother using currently? The ’s developers actually don’t want us transacting on-chain currently. They want on-chain transactions reserved for Lightning nodes, or something. Well, that’s fine. Why transact there at all, if there’s nothing to lose by going with Cash for most peer-to-peer and other types of transactions?
It’s only a question, something I’m considering for personal use. I rarely use to buy . Instead, I use to buy . I have an account that pays a fair amount of Dogecoin on a semi-regular basis, and I take the DOGE and put it into or BCH/BSV. Dogecoin is fun to gamble with, but it’s not worth any effort to hold, for me. It’s fun to tip and gamble. And it’s useful to convert to I like.
So, what do you think, user? Is there really any risk right now in buying some Cash and using it instead of for many types of transactions? From a market perspective, we’ve likely seen the bottom on it, anyway. Thus far my speculations on it have yielded meager profits.
Let’s hear your thoughts in the comments.
Disclaimer: The views expressed in the article are solely those of the author and do not represent those of, nor should they be attributed to, CCN.
Featured Image from Shutterstock
Published at Sun, 17 Feb 2019 23:04:39 +0000
![Andreas antonopoulos says credibility of key performance indicators [kpis] depends heavily on choice of metrics |](https://ohiobitcoin.com/wp-content/uploads/2019/05/whatsapp-icon-square.svg "Andreas antonopoulos says credibility of key performance indicators [kpis] depends heavily on choice of metrics |"){kind=icon}
