Hello, today I opted to make an article about how great BCH project is and why is very undervalue.
As you may know BCH shares the same max. suply as BTC, both coins only will have 21 million coins mined, this makes BCH as scarce as BTC. Both coins are PoW (Proof of Work) and with the same algorithm SHA-256. This is what they have in common. BCH is a hard-fork of BTC.
This starts to change now, BTC is very hard to send and receive in two different ways. First it is very slow, a transaction can take more than half an hour even with normal fees. Second BTC has high fees, if you are a regular person with a regular budget you will not pay 40$ in BTC to send 100$. This is just unproductive and in this conditions the fees will knock you out of BTC. With BCH the situation is completely different, the time to send and receive transactions is very low and won't bother you. The fees you have to pay are very small nothing like BTC, you pay cents of dollar in BCH to make a transaction which makes BCH a better coin to use in your day to day activities.
Now that we got over the technical parts lets go to the usability of each coin.
While BTC is more and more a rich people coin, BCH maintains its status as a people coin. The Whitepapper of BTC was very clear on why this coin was created it was a coin for regular people to have and not depend on central banks, a true coin that makes the financial system fair to everyone. Well as you might notice that is not the case of BTC but if you look at BCH you will see that the case changes its color, BCH still stands and will stand as a people coin, as a coin that it is meant to give you the best financial situation possible. This can be noticed by the many projects active in BCH that have nothing to do with rich people. We have projects come from Africa where fairness is most needed, we have medical research projects supporting BCH and we have local business accepting BCH as a method of payment. Adoption has begun and BCH is being a success in adoption, blogs like Read Cash, Noise Cash, Wall Cash makes BCH even more important in our lifes because the normal person gets paid to blog, to make noise or to post their own pictures and videos.
If you want to support this wonderfull coin you can start by making your business BCH friendly and accept BCH as payment. Put a poster outside of your business sayin "We accept BCH here", this will make people who already know the project happy and they may start to buy you things in BCH and makes people who don't now nothing about this project see it and curiosity will make the rest, because they will get home and search on the internet what is BCH and this is the golden egg for BCH, once this posters start to be more common people will start to learn and make payments in BCH. After this, BCH will be a serious case of a digital currency and banks and governments will have to start looking at it and accepting it. We will be doing a great thing to the world and this community.
Nothing of this can be done with BTC but can easily be done with BCH and that is way BCH is so much better than BTC, the blockchain technology is better and is more scalable and people like easy and fast things to use, so BCH beats BTC in every way.
Best Regards,
Cryptopeach
Hi Cryptopeach,
I like how you stated the comparison between Bitcoin and Bitcoin Cash as "While BTC is more and more a rich people coin, BCH maintains its status as a people coin. " in the blog above. I totally agree with you! I have become a fan of Bitcoin Cash (BCH) because it still keeps the original philosophy when BTC was created. I hope that BCH will help millions of people lives who do not have bank accounts in Africa and Asia.
I am curious that how BCH adoption has started in Africa? Are there any local shops that accept BCH? It would be so cool if you can post any pictures of shops that accept BCH! Thank you for sharing this story :)