Exit Debasing Dollars

There's no mandate human beings use $'s whatsoever. It's just a system. If one uses that system, one abides by it's rules. Don't own $'s, own permissionless Ꞩ's (sats) and never go back.

"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution." — Satoshi

The Fundamental 5

The differences between the original design and Bitcoin Core's new design can be captured with five critical ideas:

1) Bitcoin was designed to be digital cash used to make payments over the internet.2) Bitcoin was designed to have extremely low transaction fees.3) Bitcoin was designed to scale with blocksize increases.4) Bitcoin was not designed for the average user to run his own node.5) Bitcoin's economic design is as important as its software design.

The most valuable Bitcoin Implementation will be the one most beneficial for users and miners. Only one blockchain can lead globally. Energy is constant and will naturally shift to Bitcoin Cash.

Too Volatile?
Get Stabilized!

Building sats to humanity's unlimited potential can be volatile. Stabilize your value with BCH BULL until you're ready. Hedge against a number of metals and fiat using smart contracts on the Bitcoin Cash blockchain.

Stewardship

Being a good steward of money involves financial intentionality and following core principles, which foster peace, blesses others, and creates a positive impact.

Earn

Purchasing power increases with usefulness. The Bitcoin Cash blockchain enables high-velocity transactions for ideas (CashTokens) to come to life, allowing liquidity providers to potentially earn exceptionally high real-yields.

Budget

Create a budget that you can manage effectively, ideally with a partner if applicable, ensuring to include essential expenses like spending, saving, and charitable giving.

Give Generously

Be intentional about giving a portion of your income as it fosters generosity, guards against greed, and demonstrates trust.

Avoid Debt

Live within your means to avoid unnecessary debt, and if you do have debt, create a repayment plan and utilize local food banks if needed.

Save For The Future

Set aside as many Ꞩ's (sats) as you need in a self-custody savings wallet even in small amounts, to prepare for unexpected expenses and ensure long-term financial security.

Satoshis

Money is merely a measuring tool. Dollars simply fail to reflect value attribution as if they weren't even an asset, devolved into valueless credits.

In contrast, Bitcoin Cash is value attribution measurement software. Satoshis reflect all humanity's infinite hard work, time and abundance securely and accurately with absolute trustlessness for the first time in history.

Infinitely Useful

1 sat = 0.00000001 BCH
1 BCH = 100,000,000 sats
---
1 millisat = 0.001 sats (sub-satoshis)
1 sat = 1 Ꞩ1000 sats = 1 Kilosat
1000 Kilosats = 1 Megasat = 1,000,000 sats100 Megasats = 1 BCH = 100,000,000 sats1000 Megasats = 1 Gigasat = 10 BCH
1000 Gigasats = 1 Terasat = 10,000 BCH
1000 Terasats = 1 Petasat = 10,000,000 BCH2.1 Petasats = 21,000 Terasats = 21 million BCH = 2.1 million Megasats

Sub-Satoshis Pre-release

Agorism

Agorism is a libertarian philosophy that promotes voluntary exchanges outside of government control, focusing on counter-economics to challenge state power. Bitcoin Cash (BCH) aligns with agorist principles by enabling low-cost, fast transactions that facilitate peer-to-peer exchanges without regulatory interference. This synergy allows individuals to engage in economic activities that enhance their freedom and privacy while undermining traditional financial systems.

Anti-War

Offloading debt to neighboring countries, citizens paying ritualistic taxes under threat of violence and volatility of war backs the remaining 1% of dollar value, comprising it's speculative entirety.Neighboring countries and their citizens have the opportunity to transition to a better alternative system built by the people, for the people.

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CashBack

80% of spending is digital. If we want to make an impact on the cost of tangible goods for each other, we must encourage that increasingly more value be attributed to stakeholders.Individuals can fulfill discounted wishes at Bitgree.com to earn more appreciating Ꞩ's than depreciating $'s.

Discover Purpose

Humanity seeks purpose, which drives our desire to work alongside each other. Usefulness is the pursuit of purposefulness, whereas cash merely serves as a means to communicate that purpose.

Autonomous Scaling

On-chain revenue decides who claims the spot of Bitcoin. Revenue is real usage from real people participating and transacting on-chain.The creation of more mining operations is dependent on current operations being self-sustaining. As on-chain spending volume is sustained, throughput (blocksize) scales to demand in response. The more people use Bitcoin Cash, the more decentralized, secure and economical it becomes for the entire world, all this thanks to an algorithm which ended the blocksize wars. It's theoretical transactions per second are without end.

"The existing Visa credit card network processes about 15 million Internet purchases per day worldwide. Bitcoin can already scale much larger than that with existing hardware for a fraction of the cost. It never really hits a scale ceiling. If you're interested, I can go over the ways it would cope with extreme size." — Satoshi

Adaptive Blocksize Limit Algorithm

Economic Transactions

Bitcoin Cash performs both autonomously and economically with no need to reject users by increasing transaction costs. The more users we have, the stronger and more decentralized Bitcoin Cash becomes.The previous Bitcoin-BTC implementation experienced multi-year cycles of rejection where transaction costs became too high due to on-chain congestion, leading to a rejection of user spending habits—an area from which mining operations sustain themselves as global decentralized payments operations.

History

"In October 2008, Satoshi Nakamoto published the famous whitepaper entitled Bitcoin: A Peer to Peer Electronic Cash System. In 2009, he released the first bitcoin software that powered the network, and it operated smoothly for several years with low fees, and fast, reliable transactions.Unfortunately, from 2016 to 2017, Bitcoin became increasingly unreliable and expensive. This was because the community could not reach consensus on increasing the network capacity. Some of the developers did not understand and agree with Satoshi’s plan. Instead, they preferred Bitcoin become a settlement layer.By 2017, Bitcoin dominance had plummeted from 95% to as low as 40% as a direct result of the usability problems. Fortunately, a large portion of the Bitcoin community, including developers, investors, users, and businesses, still believed in the original vision of Bitcoin -- a low fee, peer to peer electronic cash system that could be used by all the people of the world.On August 1st, 2017, we took the logical step of increasing the maximum block size, and Bitcoin Cash was born."- bitcoincash.org

• FORK MAP

"I consider BCH a legitimate contender for the bitcoin name. I consider bitcoin's failure to raise block sizes to keep fees reasonable to be a large (non-consensual) change to the "original plan", morally tantamount to a hard fork." — Vitalik

Privacy

"For in every country of the world, I believe, the avarice and injustice of princes and sovereign states abusing the confidence of their subjects, have by degrees diminished the real quality of the metal, which had been originally contained in their coins." — Adam Smith 1776

Black-Box Escrow

To ensure privacy while acquiring cryptocurrency, utilizing a private escrow is the optimal approach. Multiple Bitcoin Cash applications offer this service, enabling users to maintain confidentiality. By employing these platforms, individuals can securely obtain crypto while safeguarding their personal information.

Pseudonymous

Activity is public, but no one can detect who you are unless you inform the network. This is the state in which everyone normally starts because privacy is a choice and it requires optionality for different kinds of people and use cases.

Aliases

Zapit aliases support receiving both Bitcoin Cash and native CashTokens.

Reusable Payment Addresses

Paycodes are different from conventional public addresses because they are not associated directly with the history of the user, and in this sense, they can be shared with no worries.

CashFusion

Cash operates in a dual capacity—both publicly and privately—making it an exceptional currency suited for diverse global applications. Bitcoin Cash uniquely offers the ability to be "fused" and "unfused," granting users total anonymity at their discretion; this ensures that no one can access your balance through your public receiving address. Unlike traditional "coin mixing" services that require trust and often come with fees, CashFusion innovatively allows users to merge their transactions with others to create obfuscation while eliminating the risks of lost funds or additional costs. This powerful tool is designed for confidential business transactions, personal privacy, and enhancing overall coin fungibility, making it a vital asset in today’s digital economy.

Users Just
Being Users

Without an increasingly useful blockchain, operations would be subsidized by artificially inflating the price of Bitcoin or by artificially inflating fees. Both these actions have a self-correcting effect. Over-inflated prices fall and over-inflated fees reject. The creation of purchasing power is a measurement of usefulness. Every sat should someday be spendable on-chain. This on-chain spending from increasing user volume helps to "share the load." Data centers and their expansion are necessitated by users just being users.

"The current system where every user is a network node is not the intended configuration for large scale. That would be like every Usenet user [running] their own NNTP server. The design supports letting users just be users. The more burden it is to run a node, the fewer nodes there will be. Those few nodes will be big server farms. The rest will be client nodes that only do transactions and don't generate." — Satoshi

1000 x
Efficiency

"Ethereum developers can think of Bitcoin Cash as featuring transaction-level sharding of both data and execution, account abstraction, deterministic gas pricing, all-or-nothing transaction chaining, zero-delay re-spending, a wider selection of MEV-resistance strategies, and no-fee contract deployment – user wallets both “deploy” and “destroy” contracts incrementally as part of their usage, improving overall network throughput and real-world privacy. All of this exists at “layer 1”, with exceptionally low-bandwidth transactions, low-resource archival nodes, ever-improving scalability (already 25,000 transactions per second on modest, 2020 hardware), and multiple strategies for “layer 2” systems if needed (e.g. Lightning Network would be more bandwidth-efficient on Bitcoin Cash than on BTC).The tradeoff between Ethereum and Bitcoin Cash is development complexity: Ethereum contracts use a simpler, single-threaded, global-state model vs. the multithreaded, stateless-validation model used by Bitcoin Cash, so Ethereum contracts are easier to develop but far more expensive to use. This architectural difference allows decentralized applications built on Bitcoin Cash to scale to millions of users without increasing transaction fees, even during periods of high network activity."- Bitcoin.com

Antifragile

Trustless, Globally Scaling Governance

Users decide with developers in forums on ideas, implemented or not based on majority consent. The final buck stops with mining operations allowing or disallowing change to occur, not even devs can change the protocol if mining operations reject it. This is the trustless immutability of Bitcoin Cash.Hard-Fork Consensus allows/disallows major changes of the system globally. As more mining ops join the system they too join the Hard-Fork Consensus process and therefore the system becomes better governed and so on. For this to be possible, mining ops must first be sustainably profitable as a result of high transactional volume of on-chain user spending.

“It is a global distributed database, with additions to the database by consent of the majority.” — Satoshi

Compatible, Yet Different

With multiple independent teams of developers providing software implementations, the future is secure. Bitcoin Cash is resistant to political and social attacks on protocol development. No single group or project can control it. Multiple implementations provides redundancy to ensure the entire network of various implementations retains 100% uptime.

The Best Software Wins

On-chain spending volume determines the profitability of the payments network. Data centers primary goal is to be aligned with the user in order to maximize profitability into the long-term. The most profitable implementation of Bitcoin Cash is the one which people are using the most.

"In a correctly functioning Bitcoin network no soft forks should ever happen." — Mike Hearn

Hard-Fork Consensus

The CHIP process on the BCH network is designed to be systematic, accountable, predictable, non-coercive, and gradual, allowing for thorough evaluation and commitment before any proposed changes are implemented. This structured approach ensures the network's stability both in minimizing controversial, reckless changes and accommodating widely accepted, needed changes.

Understand the Entire Process, List of CHIPs, On consensus and forks

Smart Money

Visa, Who?

Self-custody smart cards, self-custody NFC tap to pay and self-custody POS solutions can all interface natively with the Bitcoin Cash blockchain taking advantage of instant Zero-Confirmation transactions. Self-custody systems such as these must become standard for Bitcoin Cash to bypass Visa/Mastercard.

Permissionless

Bitcoin Cash operates as a decentralized peer-to-peer electronic cash system, allowing users to send and receive payments without the need for a centralized intermediary like a bank. This provides fast and low-cost transactions that can be sent anywhere in the world.

Nothing Faster than Instant

Zero-confirmation transactions on Bitcoin Cash are historically safer than with any other crypto due to double spend proofs and lack of RBF (replace by fee) code.

CashTokens

Taking advantage of the robust UTXO model to create and manage tokens and execute smart contract logic directly on the blockchain enables substantial autonomy and control for users and developers.Smart contracts and tokens on-chain eliminates the need for third parties or intermediaries to facilitate transactions or enforce agreements, which would otherwise introduce counterparty risk and potentially compromise the security and reliability of the system.

Introspection
Opcodes

L1 TX Introspection opcodes refer to low-level operations that allow a program to inspect the contents of a transaction. Bitcoin Cash (BCH) is the only Bitcoin technology chain with full L1 TX Introspection opcodes.Full introspection opcodes enable UTXO smart contracts, on chain tokens, atomic swaps, high-security wallets, time-delayed withdrawals, distress modes, and much more.

Learn More

256-Bit Architecture *2025

Ensuring compatibility with modern systems is crucial for longevity. By implementing scalable mathematics, we can guarantee adaptability for future developments. Additionally, expanding the address space not only enhances functionality but also allows for a greater number of users and transactions. This improvement bolsters security by minimizing the risk of address collisions, streamlining data processing, and ultimately delivering superior performance and faster calculations.

CHIP 2024-07 BigInt

Join the Conversation

Pioneers, innovators and developers can collaborate productively at bitcoincashresearch.org

Propose Change

It is recommended that proposed changes be tied to long-term BCH value. Learn More

Seek Wide Acceptance

Businesses, miners and holders can follow and participate in the public CHIP process and gain confidence about acceptance or rejection within each cycle, therefore increasing their investment confidence in BCH both as a platform and a currency.

Most Profitable
Software is Run

Data centers and mining operations can choose from compatible Bitcoin software implementations developed by many teams.

Dispute Resolution

Rare and costly dispute-resolution to resolve disagreements.

For more details on the entire process please Click Here

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last updated: 2024-11-07
source - bitinfocharts.com

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Disclaimer: Cryptocurrency investments carry a high degree of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrencies, you should carefully consider your investment objectives, level of experience, and risk appetite. Utility is continuously under development, anything can change, and value is not guaranteed. The possibility exists that you could sustain a loss of some or all of your initial investment. Therefore, you should not invest money that you cannot afford to lose. This website is for informational purposes only and is not intended to provide specific financial, investment, tax, legal, accounting or other advice.

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