Ever since crypto arrived, thing in the world have changed a lot. Some of the worlds leading business tycoons have said " hello " to baby crypto including some of the non-business tycoons such as myself. At first when I didn't understand crypto (which I still don't) I was like " Naah! I good without it" and now it like "Oh my God. I can't live without it".
Crypto for beginners:
So, as people get involved into something they start to learn it. They practice to such an extent that they literally become the masters of that particular thing (this has nothing to do with me). In crypto you will find a lots of master, even guys like the “Bitcoin Jesus”, Roger Ver (by the way ! huge fan). But again, I am not one of them. I'm a simple man who wants to sell his cows and ducks with crypto (yes! I own a small farm). When you are from a country where only a small percentage of the population uses internet for things other than YouTube and Facebook (others don't even have access to the internet), you surely are out of luck. Long story short, nobody understands crypto here (not even me) but! I can pretend I do. So, I pretend in front of everybody that I the guy you wanna consult if you want to learn or invest in crypto. I have my good and bad moments with crypto ( which I will explore in future sessions) and during those moments I had these crazy ideas " what if I could buy a coffee with crypto?" Back than Bitcoin was just a toddler, then suddenly it became the Kaiju that it is today and Naah! you can't buy a coffee with that. Then there was the idea that crypto should be simple and quicker and Naah! it ain't simple sir and nor it is near to being quick (not in its chemical composition! I guess). I had this thought if crypto would one day be the only currency being used in the world, our government was like " Naah! we are banning everything and everyone related to crypto. I said "Okay! one day the payments will be instantaneous and the Bitcoin said " Naah! No instant transactions". The Bitcoin blockchain can now process at most 7 transactions per second, even VISA can do better than that. Which means not enough for a global economy. I wondered why wouldn't they increase the block size and they were like " Naah! we consider ourselves superior than others as we from the noble blood line and that blood can not be polluted". I said what if want to buy a thing of 2$ the guys behind Bitcoin said "Sure! but you will have to pay a couple extra than the actual price, you know what I'm sayin..."
As time passed it was clear that Bitcoin in its current form cannot function as cash. Transaction times were slow and expensive, often costing over 20 dollars to transfer money. My interest in crypto on one but this Gargantua was not what I thought it was. It was no way near to being a currency for daily use. This put me to a lot of stress. I was losing my interest and patience.
Then Came the Savior:
Then came the savior! I was hyped when I heard that something named Bitcoin Cash is a thing now and my gosh! it delivers what it promised. Finally the promised one had arrived.
The block size is no more 1MB and the transaction time is almost instantaneous. Bitcoin Cash had block size of 8MB and has already increased block sizes from 8MB to 32MB (Yeah! good news right?) If Bitcoin Cash blocks consistently become full, the plan is to increase block sizes once again (hell yeah!). We need to adopt new and effective method to tackle our growing needs no harm in that. When Bitcoin Cash moved to 8mb blocks, it could support 40-90 transactions per second and Bitcoin Cash can settle most payments in about 10 minutes with a median fee close to a tenth of a cent and as Bitcoin Cash blocks now at 32mb, it can support even more(Win Win).
"Surely Bitcoin cash is an upgraded version of Bitcoin a peer to peer money transfer with low fee and fast transaction times." “Bitcoin Jesus”, Roger Ver.
A currency should be usable with low fee and must have fast transaction time or otherwise what use do we people have of it here in our 3rd world countries. To me Bitcoin cash checks all the boxes. Its decentralized, its scalable, highly efficient, low transaction fee, highly popularized and freaking easy to acquire.
Bitcoin Cash has proven to be a good investment, currently ranking seventh by market cap - a significant fact that increases its investment potential. For a newbie to crypto currency from a third-world country its a dream come true.
Bitcoin Cash is an ambitious project that aims to the true concept of a decentralized crypto currency for everyone. Bitcoin Cash BCH is low-risk investment with lots of potential rewards. Bitcoin Cash has numerous pros that make investors believe that Bitcoin Cash will go in a totally different direction than Bitcoin.
So I would like to conclude that my experience with Bitcoin cash has been a blast and I am positive that the world will soon recognize its true potential.