Can A Decentralized Bitcoin Cash Thrive In A Centralized World?
Understanding The Decentralized vs The Centralized
A simple case study of a Centralized system is Facebook, the ownership lies within a person with over a Million users worldwide. It could happen that you wake up one day and you no longer have an access to your profile because you were being
The world happens to be a Centralized body governed in fractions of it's territories by Presidents, Governors and Chairmen , some of the governing bodies happen to be corrupt therefore afflicting pains to their citizens, financially and otherwise.
Considering the effects of the affliction caused by these government, majority of this citizens would prefer a decentralized a government where the Power lies within the citizens but unfortunately the opportunity to earn that is slim because these corrupt government continues to oppress the citizens especially the Poor. In some countries, majority of the citizens live in poverty while their Kings, the rulers enjoy the wealth because of a Centralized monetary system.
The New generation offers a Decentralized monetary system, a system where money gets to the hands of everyone, a system where there is no ruler, no owner - the BlockChain technology. Crypto Currencies have been built on this technology, offering the world a new Dawn to financial freedom, offering a breakthrough from centralized cheats but still in a Centralized World So, the question remains can a Decentralized currency thrive in a Centralized World?
Adoption
One of the greatest challenges Faced by decentralization is being adopted.
A lot of citizens in under-developed and developing countries are already so used to the centralized world, They believe that only the Banks are the safest place to safe money regardless of the difficulties they face in accessing it so, it becomes very difficult to convince them and the only way they could be pulled out of such mentality is them seeing decentralization work for the nearest person.
To arrest this situation, BitcoinCash Houses such as @BCHouseVE should be encouraged in every country with even a single interest of Decentralization. With that, there is a physical resource center to Learn, Build and Grow on Bitcoin Cash.
Onboarding Merchants
As long as we rely on converting virtual currencies to Fiat before we can use them then we are still bound to the forces centralization especially in countries were the Banks fix charges for deposits and withdrawals, the value of what a citizen earned reduces along the Chain.
Merchants can be a solution. Large Scale and Small scale Merchants where one can buy and sell directly without the money getting to Banks, Tutor Merchants that can keep the Ecosystem updated, enlightening new users and Creating an environment for quick virtual Assistance on social media platforms just like BitcoinCash247.
When Decentralization is finally adopted and Merchants onboarded, Financial difficulties can be solved and Bitcoin Cash stands tall amongst other decentralized financial systems because of its accuracy for peer to peer transactions, the ability to offer liquidity with maintenance of value.
Build Solutions
Any which gets the opportunity to solve the problems of the citizens wins them.
Currently, with BitcoinCash, Man A from country A can remit to Man B at country B within seconds without discomfort, and bulky fees, that is an Advantage on the side of Bitcoin Cash.
With that advantage, It can thrive even in the centralized world.
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Recognizing Opportunities Within The Bitcoin Cash Ecosystem
Thank you for your words... indeed we have a great responsibility, the work is not at all easy, but little by little we are opening houses in several Latin American countries, soon we will have positive results