Bitcoin Cash Can Only Advance in One Way; Defending It Won't Help

I still remember how exciting it was to use Google for the first time. It's true that back then, search engines like Webcrawler and Ask Jeeves were accessible, but Yahoo was used by far and away the most frequently. I was sitting with a friend in front of my computer when I decided to do some investigating. My acquaintance asked me casually, "What are you searching up?" as I was ready to enter the URL for Yahoo. "You don't use Google, do you? You really ought to give it a try."

It was Google's user-friendly interface that made it stand out as the most appealing option among search engines. Just a search bar where you may type in your query and two buttons, "Search" and "I'm Feeling Lucky," to see what comes up. And I can state with absolute certainty that I have never once in my entire life pressed the "I'm Feeling Lucky" button.

Since that time, however, the name Google has been universally and forever connected with the act of conducting an online search. There wasn't even much of an effort required to bring it about. A friend of mine had suggested it, so I gave it a go.

The first time I logged into Facebook was very similar to subsequent uses. The millionth time someone at a party requested to be Facebook friends, I responded alright. In the wake of that, I joined Facebook. Before then, however, I was only vaguely familiar with Facebook.

YouTube, Twitter, podcasts, Reddit, Instagram, Netflix, and Amazon are just some of the many online outlets for... Each one was recommended to me by a friend, and I started using it right away with minimal effort. There is always the chance that my usage will decrease or my opinion will change as time goes on and new services emerge. While they may differ in some minor ways, they all share numerous essential traits.

The lack of an explanation of any kind.

In the Bitcoin Cash community, as well as the communities of many other cryptocurrencies, people are making movies to explain what Bitcoin Cash is and how it works. There is a plethora of content available online. I can't help but notice that there are how-tos, FAQs, beginner's guides, and other explanations of why and how that I've never used for any other enormously popular business that has suddenly sprung into the global scene. It's impossible for me not to notice this, because I can't help but notice that I'm noticing.

I have never ever spent any amount of time watching a YouTube tutorial. I joined Reddit and nobody ever seemed to be "on board" with me. No one had to convince us of the value of Facebook; we could see it for ourselves. Amazon and Twitter don't seem to have any ads that I've ever seen.

Why hasn't Bitcoin Cash, if it's so great, spread like wildfire through word of mouth like almost every other internet phenomenon in history?

As it turns out, the answer is rather obvious. Put another way, cryptocurrencies are not what they claim to be. This does not have any bearing on Bitcoin Cash. It's impossible for any of them to.

In accordance with the initial description in Satoshi's white paper, they are meant to facilitate the instantaneous movement of funds between accounts. Nonetheless, that is not the case. Even a seemingly simple operation, like sending a remittance, needs to be timed just right to avoid losing a significant amount of value due to the currency's volatility.

Please allow me to elaborate, as it's conceivable that my meaning is lost in translation. If I want to give a friend $100, I can do so through the financial system without worrying that the money will arrive at a specified time. While it will have arrived at its destination, the recipient may not know the full extent of their expense until they see their bank statement at the end of the month. They need to know when I sent the money, however, if I send them Bitcoin Cash worth $100 and they wish to get $100 in US dollars. This is due to the fact that even a few hours of waiting could result in a large loss in value when exchanging Bitcoin Cash for conventional cash. How much further up could it go? Sure. But it may also turn out otherwise, and nobody enjoys having their money up in the air like that.

Even if you accept the idea that cryptocurrencies can serve as a "store of value," they don't do a very good job of it. There is no guarantee that your value won't drop by 50% in less than 24 hours, and that it won't drop for no discernible cause.

YouTube is exactly what it claims to be. Are you interested in seeing some videos? YouTube is a great place to watch videos. Want to shop online and have your purchases shipped to you? That's Amazon's specialty. Neither am I an advocate for them, nor am I naive to the problems they cause, such as YouTube's absurd method for dealing with copyright disputes or Amazon's unscrupulous business practices. The sole difference between them and competitors is that their value proposition is obvious and clear to consumers. It's a big reason why they've been so successful.

Bitcoin Cash provides a level of convenience in making payments that is on par with that of other popular payment methods. You may incur financial losses due to the uncertainty in the market. When you run into a crypto enthusiast at a party, they will explain to you why this is superior than anything else because of privacy and security in ways that most people have never ever considered.

For the vast majority of users, the benefits aren't worth the effort. Therefore, Bitcoin Cash advocates, like those in every other crypto community, provide a litany of reasons for why BCH should replace all other cryptocurrencies. Crypto enthusiasts strive to bridge the gap between people's expectations and the reality of the situation by waving their hands, speaking, and generally convincing others.

However, the global community does not want all of its secrets revealed. Customers are looking for services that are easy to understand and that clearly provide benefits. Like when they first used TikTok, Tinder, or Twitter, they want things to be intuitive and simple to use, with clear and immediate rewards.

To acquire traction and cease having to justify itself over and over again, Bitcoin Cash must deliver on its promises. If that doesn't happen, Bitcoin Cash will just be stuck in a perpetual revolving door. A scenario where it guarantees something and then delivers without question is required. It's possible to do this in a couple different ways, but they're not easy or someone would have already done it.

Reducing volatility should be the top priority. It must be as stable and reliable as the major fiat currencies if it is to be used for remittances, payments, and as currency itself. No matter what stable coin or hedging plan is used to achieve this goal, it makes little difference. If a user sends $1 to another person, that $1 should still be a dollar even after several days or weeks have passed. As soon as this is fixed, Bitcoin Cash will spread like wildfire.

Alternatively, one could try to identify a subset of the market where the consequences of market volatility are minimal. Content creators, nonprofits, and other groups can withstand price fluctuations because they know that getting paid in whatever amount is better than getting paid nothing. In my perspective, this is the simplest problem to solve, even though it still requires the use of building services. But if there are companies that provide up new avenues of financial opportunity for people, then Bitcoin Cash will sell itself.

Perhaps there will be more. My only argument is that the lack of Bitcoin Cash adoption at random cafes throughout the world is due to the fact that people don't understand it. There is nothing fundamental about Bitcoin Cash that would make people excited about it on a global scale, which limits the cryptocurrency's potential for growth.

It's possible, in my opinion. The issues I have raised are, in my view, not only tractable, but will also be addressed in due time. Bitcoin Cash is a cutting-edge innovation that might drastically change the world. It would appear, however, that while someone has thought up the concept of an engine, nobody has yet figured out how to build the rest of the vehicle to make use of the engine.

There will be no longer need for clarification after the remaining car parts have been produced.