Cyber Capital CoFounder Says BCH Is Superior to BTC in Terms of Utility Use


At the recently held Blockchaintalks special addition in Amsterdam, Justin Bons, Co-Founder and CIO of Cyber Capital spoke about Bitcoin Cash [BCH] and how it was superior to Bitcoin [BTC].

He says that in terms of achieving the goals of best censorship resistance, peer-to-peer electronic cash system, and a digital gold, BCH is better than BTC. He says that Bitcoin Cash could achieve the characteristics of becoming both cash and digital gold. He added that Bitcoin Cash had a stronger value proposition which captures more use cases and utility. Furthermore, it strengthened BCH’s security and decentralization.

In Justin’s opinion, the current model of Bitcoin was fundamentally flawed and the economics and governance of the original design of Bitcoin were changed. He stated: “These changes to the original design is what I disagree with. Since Bitcoin needs to pay for its security over the longer term with fees when inflation decreases. BTC and BCH represent radically different approaches to this problem.”

She added that the user experience of Bitcoin was “terrible and a congested blockchain network was equivalent of a blind auction for transactions”. He further added that it was impossible to predict the fees charged for a transaction and the time taken to confirm a transaction.

In addition to Justin’s role at Cyber Capital, he is a miner and trader. After some early successes with cryptocurrency investment, he decided to devote himself to the field full time. He currently focuses on “fundamental analysis” of cryptocurrencies, analyzing the factors he considers to be especially important for investment: game theory, token distribution, governance and degree of innovation. Justin also specializes in researching governance models and is an active participant in some of the major debates in the industry.

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