Have you already saw the twitter accounts that talk about the tesla? . They did not tell him that with btc they could not buy a Coke, because of how expensive it was for the high btc fees, instead with bitcoin Cash, you can buy it, and the commissions it pays are ridiculously low just pennies on the dollar ...and Elon himself felt that that is fair(he replied that in a tweet) so as a bitcoin cash enthusiast I think BCH is definitely the best option out there today. Too bad most people don't know the benefits of using it.
Quickly, so as not to make a blog in a comment here in your publication, I will name a few:
- The transaction is confirmed in 5 minutes.
- Very low commission for each transaction (you generally pay $ 0.01 for each transaction). So it is ideal for micropayments.
- 32 megabyte blocks exceeding btc anyway.
- An attractive price in the market that at the time of writing this comment is $ 530.
Also, the community that supports bitcoin Cash is very nice and very enthusiastic, and there is no toxic environment how I see on btc community.
So I would particularly buy a tesla with bitcoin Cash, especially because it is much easier, much faster and because it will be used by much more people worldwide.
you add a new dimension to the discussion that is of a lower fee when using Bitcoin cash. A valid point indeed and the 4 points that you have mentioned are very true and surely one is inclined to use Bitcoin cash over Bitcoin.
The lower fee also makes it viable for smaller transactions.
Thanks for taking the time to read my post and share your views.
Enjoy your Sunday and Happy Easter to you and your familyDear @reinaldoverdu
The low transaction cost point is undoubtedly important to highlight, as a transaction in dollars is very expensive to transfer.
But BCH is like not Bitcoin... it won't command that allure, its a shit coin to me because I hate that Craig Wright fellow...always creating controversies.
On the practical side, its good that it can be used for payments, I understand the practical utility of it, but in the long run, its fundamentals for appreciation not good I guess, but I would not know.
BTC, agreed has infightings, still its limited supply, its original first cryptocurrency makes it like a crypto , blockchain NFT... I am not selling my BTC atall...because I know its precious.
I hate it and ETH for the bloody transaction fees but I know have to have it...copycats of BTC like BCH...nah...they too fight ugly the bloody Nov of 2018, that some stupid hardfork war...its disgusting too...that's why I hate BCH.
Same for Tron and Steemit but practically Tron is doing well, so to make money atleast for a while can dabble with these actual shit coins...anyway
Coins with low value need wide adoption before they stop being shit coins... It makes no sense to make micropayments with coin as valuable as Bitcoin, but it doesn't make sense either to use some "cheaper" coin that can't be easily converted to FIAT due to low volume on exchange(s) it is listed on.
There is also a lot of coins listed on exchanges with bad reputation, either because the fees are too high, the customer service is subpar or because the markets are too much manipulated, so getting decent exchange rate is unlikely.
A lot of coins that would be good for micropayments don't have mobile wallets as companies like Google and Apple charge high fees for access to their app stores or developer tools.
BCH I think is used on this read.cash platform for payment, its doing well, for me its a shit coin though, but as of now I think it is functional with good volume to be accepted as payment.
Lots of options should be there actually, but this Tesla guy is hyping up Bitcoin with this move, his intention is not anabling crypto payments for those cars, its just create hype on bitcoin, that's all. Why he can accept payments in ADA, XML, any stable coin, ETH (ouch the fees), DCR (decreed), Atom why even HIVE right?
BTC is ok he can accept payments in BTC, its cool, no problem, but he is doing it as advertisement for Bitcoin that's all... he can advertise Doge coin also, accept it for payments why not?
Dogecoin would be pretty good for smaller payments... But there is a big risk in using Dogecoin due to high volatility... Basically accepting payments in Dogecoin when its value is at or close to all-time-high, the seller has very big chance losing when the value starts going down closer to the equilibrium.
Well I understand your point, but I prefer to be guided by the usefulness of a coin and not by the image of who represents it. If something works for me I use it, already with more personal issues in other types of things If I look for images that represent a brand or give me a sense of belonging but as for Cryptos I only care about its usability and functionality.
I think the more you hate something,more noise is created and more attention is drawn to the subject, so it is very positive that you do it and I invite you @mintymile to continue doing it 👍🏼