

Even by crypto standards, Bitcoin Cash is dodgy. Its origins were a temporary hiccup in the Bitcoin network which forked the blockchain into two branches. As blockchains are designed to tolerate this, the network quickly decided that one branch was worse than the other, so everything switched to the good branch and Bitcoin continued chugging away and consuming enough power for a small country. However, a few people were cross about this because they had more Bitcoin on the dead branch, so manually configured their wallets and mining hardware to use that branch, and tried encouraging other people to do the same. That didn’t work. They then decided to provide a preconfigured wallet and mining software that would prefer the dead branch but claimed it was its own new cryptocurrency and everyone who had Bitcoin already would get some of the new one for free, and that was enough to get some people to sign up.
Someone was telling me the other day that the cheapest new car available in the UK was an electric Dacia. Obviously, you can get a used car for less than a new one, but electric cars are within reach of normal people, or at least normal enough people to not have Mr Moneybags budgets.