Whats the definition of Money?
Well, according to Wikipedia, "Money is any item or verifiable record that is generally accepted as payment for goods and services and repayments of debts such as Taxes, in a particular country or socioeconomic context". (Underline emphasis from me to denote how #BCH could be used in reference to socioeconomic context)
From the definition, now you may have grasp what money actually is i.e. medium of exchange, store of value,measure of value (unit of account that could be measure for goods, services, or transactions). Socioeconomic context in the sense economic difference in the society as a whole (its really important as one can easily noticed via data that income distribution is severely affected due to centralization of fiat money nature.
As we all know, centralized nature of fiat money brings monetary and fiscal policy of a country that favors mostly ruled base approach i.e. existing system continue as it is. There is less chances that these approach will address the issue of economic inequality.
#BCH stands for the sound money which function as 'electronic peer to peer cash'. Sound money has a properties not to prone sudden appreciation (Inflation) or depreciation (Deflation) in the 'long term' in free market i.e has a self correcting mechanism.
As of now more than 87.6% BCH have been mined and there is still 2.6M BCH left to be mined https://news.bitcoin.com/bitcoin-cash-block-reward-halved-block-630000-mined/. It means next 2.6M coins will become harder to mine. i.e. as issuance of last coin will be in 2140 year. #BCH current price is above $300 as of 10th Aug 2020.
Lets go to our topic: role of #BCH to stands for economic equality (in the sense purchasing power capabilities of an individual) in the society as a whole.
As I have already said it has sound money properties which means we don't have to worry about inflation and deflation of #BCH in the long term.i.e. no more centralized policy and truly decentralized.
As more and more people and merchants are adopting BCH at global level, it will have several positive impact on the peoples daily lives : at least for three basic needs. Food, Cloth, and Shelter.
#BCH as a peer to peer will be benefited mostly to individual as far as transaction fees (having low fees), speed and intermediaries concern. i.e.no more intermediaries (in the way of Bank-less as a peer to peer).
Self Sovereign and financial independence is what promised #BCH.
Transparency of #BCH network transaction than corporate Bank.
Over 1.7 Billion people still don't have access to bank. This is where #BCH could be able to act as a peer to peer i.e 'Unbanked'. https://globalfindex.worldbank.org/sites/globalfindex/files/chapters/2017%20Findex%20full%20report_chapter2.pdf.
#BCH as a Sharing economy. In the sense, track of ownership and transaction where data is on public ledger rather than central location (in case of fiat).
Literally, #BCH could be utilizes in many ways for daily life.
#BCH income is pre-distribution rather than post-distribution .
#BCH will play proactive role in peoples daily life and help to reduce the gap of economic inequality that has affected millions of life.
Thanks for reading.
Wow.. Thank you for information..