Five Reasons To Consider Bitcoin Cash (BCH) Payments For Daily Use

    An interesting and debatable post has since been written by CCN’s P.H. Madore, who shared five reasons why they would consider BCH for daily transactions while encouraging it to consumers as well.

    The five highlighted reasons include “low fees and empty blocks,” bitcoin developers’ favoritism towards smaller blocks, possible mean of saving BTC, its popularity and avoiding the notion of maximalist altogether. Bearing in mind that BCH has come across several hurdles to date, it is definitely crucial to see both positive and negative viewpoints. Hence, this piece will further develop on P.H. Madore’s reasoning for valuing BCH.

    1. BCH Carries Lower Fees And Empty Blocks

    P.H. Madore argues that BCH’s low fees are one of the reasons why they’d choose to transact with it on the daily. This is an obvious factor most investors are surely to consider, as the nature of retorting to digital assets is to minimize hidden fees. In addition to a lower fee of an averaged penny, BCH supposedly has more empty blocks compared to Bitcoin. The argument here is that the less/more input there is, the lower/higher the transaction fees.

    2. BTC Developers’ Preference Over Smaller Blocks

    According to the claims made, the Bitcoin community has allegedly been discussing matters related to decreasing block sizes. This is partly due to the fact that doing so could help introduce “networks like Lightning Network”. The reason the author sees this happening is because of the fact that “artificial scarcity” is incomparable to “real scarcity”, adding that the need for increased blocks is what led to the existence of Bitcoin forked coins.

    3. Helps To Save BTC Holdings

    Transaction costs are again making an appearance in this argument. While the truth hurts, BTC’s transaction fees are much higher than BCH’s. Even if investors planned to move their holdings between crypto exchanges, it would be unreasonable to do so with BTC explains P.H. Madore. This is a valid point, don’t you think?

    4. BCH’s Acceptance Rate

    BTC and BCH are equally accepted so the author argues that it does not seem irrational to go with the likes of the latter. This is not yet the case for Bitcoin SV [BSV], the most recent fork, as it has since lost value.

    5. BTC And BTC’s Forks Almost “Equally Valid”?

    P.H. Madore considers “all three versions of Bitcoin [i.e. BTC, BCH, BSV] as almost equally valid.” Besides liquidity distinguishing the three, the author argues that other factors like the innovation that arises from said communities are something to be watchful of. The author leaves investors and consumers with food for thought, i.e. “If prices are going to be this stable, why do we bother using Bitcoin currently?” That is, if there’s nothing really to lose, why not retort to existing forks is the question being asked.

    Since the post has been shared, some users have responded with negative feedback. One particular user expressed shock because of the fact that BCH has crashed by nearly 95%. Another user does not seem to be convinced by the great emphasis placed on fees and block sizes, as they wonder why investors wouldn’t simply go with one that is efficient, decentralized and less prone to 51% attacks.

    What are your thoughts on these reasons? Are some valid over others? Are the aforementioned users right in claiming BCH as holding no real value for daily use? Share your thoughts in the comments below!

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Bitcoin Exchange Guide News Team
    B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


    1. Donating to causes or charities makes me hesitant for all the wrong reasons if any part of the process is able to ascertain my balance. I have enormous respect for Roger Ver but I am curious how many buffer wallets and transaction fees he pays before any confirmations by the taxi after a ride home.


    Please enter your comment!
    Please enter your name here


    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    Microsoft Files Patent To Mine Cryptocurrencies With Verified Body Activity Data

    Giant software manufacturer, Microsoft is seeking to capitalize on the new crypto hype. The firm is seeking to introduce its own cryptocurrency that will...

    Coinbase Commerce Crosses $200,000,000 In Crypto Payments Since Launch

    Covid-19 hasn't kept consumers from using bitcoin (BTC) as a means of payments for goods and services according to a merchant transaction report from...

    Singapore Exempts Binance, Coinbase, Gemini, and Ripple From its Current PSA Crypto Act

    Singapore is counted among one of the crypto hubs of the world as it offers ease of business for these crypto service providers when...

    The World Has Gone Full Crypto in 2020; Volatility is Up, Stocks Are trading like A Sh*tcoins

    The global markets are on a rollercoaster for the past few weeks, one day they are recording historical one-day gains the next they are...

    South Korea May Get A New Crypto Custodian After Largest Bank Files Trademark App

    KB Kookmin Bank, the largest bank in South Korea, is preparing to launch its cryptocurrency custody service as soon as possible. As per the local...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.