Bitcoin Cash: From Bad to Worse. Why its decline?

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Once again the Bitcoin Cash ecosystem will undergo a hard fork. Unfortunately, everything seems to indicate that this update will not be a happy event. Apparently it is some kind of imposition. This is a story that repeats itself over and over again. Here individual stubbornness is more important than the welfare of the group. There is no debate. There is no conversation. Nobody comes to an agreement. Nobody concedes. They fight a lot. They just go and create another coin. That is the solution. In Bitcoin Cash, everyone is always right. Your proposal is always the best. And everyone knows Satoshi's intentions perfectly. Technology is more important than community.

Bitcoin Cash is practically a clone of Bitcoin. The same code (almost) and the same supply (scarce). However, Bitcoin Cash is a long way from being Bitcoin. What is the difference? We have many tangible and intangible elements that make a difference. In fact, this comparative analysis could help us a lot to understand the distinctiveness of Bitcoin. First of all, we have seniority. You could say that the years provide legitimacy. Second, market capitalization demonstrates the interest of investors. Liquidity, reputation, acceptance. All of this adds up. Third, development and innovation.

The conservative attitude of the Bitcoin community towards the code can sometimes seem a bit excessive, It turns out that the main quality of a good development team is not creativity or technical competence. Actually, it is prudence. In other words, constant updates can destroy a community. You can get the best code in the world, but no one is going to want to use it.

In short, everything means that technology does not adapt to new needs quickly enough. However, we are not talking about just any software. In this sense, cryptocurrencies are like languages. Languages ??are symbolic systems (codes) that function as communication mechanisms for a group. We do not create our language arbitrarily. This is because language is a collective project. It is not an individual project. There must be a minimum consensus on the rules of the game. What do you think?

Regulation and Society adoption

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