Why the tail is always “Cash”?

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Avatar for Eybyoung
3 years ago

Have you ever wondered why this platform (read. cash) and the newly launched which is in beta test noise. cash always had the last word “cash”? Even its other platform which is the member. cash and memo. cash.

From Read.Cash/ Read.Cash logo

Well, as for my understanding it is derived from the coin being promoted which is Bitcoin Cash (BCH). Then why Bitcoin Cash? I mean why not the other name, why it ends in “Cash”. If we go back to history Bitcoin Cash was a hard fork of Bitcoin (BTC) the first-ever cryptocurrency created by Satoshi Nakamoto. Bitcoin Cash (BCH)was created because Bitcoin (BTC) fails to realize its goal that was written on its white paper which should be a “peer-to-peer” electronic cash.

Why Bitcoin (BTC) failed? Many BTC maximalists would argue that it wasn't a failure because as we can see its value now, but it did fail on its purpose which is supposed to be electronic cash and not as “store value ”. Some speculation, it was high jacked by big institutions to make it a “store in value ” coin and not as electronic cash because they can gain huge profits if the coin value rises regardless of its slow and expensive transaction fees. Instead of making the block size bigger, they didn't agree with it. Instead, they used the 2nd layer payment channel or network to aid the slow and expensive transaction which is the Lightning Network.

From Purse.io

Because of that, Bitcoin Cash was born to continue the goal of “peer-to-peer” electronic cash. BCH developers, supporters, and the community are doing their best in making BCH happen wherein to be utilized by everyone, whoever you are, rich or poor as long as you have a BCH wallet you can avail yourself the BCH benefits which has faster and cheap transactions. To be the leading payment channel in the industry.

Read. Cash, noise. cash, member. cash and memo. cash are social media platforms created to promote BCH. Read. cash for reading and writing articles you can earn BCH while noise. cash is pretty simple just make some noise whatever you like then you will receive BCH. Aren't these projects cool? Aside from users can benefit because they can make money from it, Bitcoin Cash will have its wide room for mass adoption the more users receive BCH the more BCH utility case is being met.

It is called Bitcoin Cash because it aims to be electronic cash all over the world, trying to make a promising future for everyone that our money should not be affected by inflation as fiat currency does, as we all know cryptocurrency is not affected by inflation. It always has a tail of cash because it should be used as “cash”.

From Unsplash

“If we can make use of BCH as cash, then we are helping BCH grow and by that, we can assure that it has a bright future because we are utilizing it not just being written on its white paper ”.

This thought just came to my mind, if I happen to mention wrong details, correction is highly appreciated.

I hope you now understand why it's always ending in the word cash.

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3 years ago

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Nice article Subscribe back

$ 0.00
3 years ago

Instead of making the block size bigger, they didn't agree with it. Instead, they used 2nd layer payment channel or network to aid the slow and expensive transaction which is the Lightning Network that has its native coin Litecoin (LTC).

Litecoin (LTC) is a completely different coin. It has nothing to do with Lightning Network (LN). Lightning Network is fast and cheap, but to use LN expensive channels have to be opened and closed with BTC. For more read my article:

https://read.cash/@Telesfor/why-will-lightning-network-fail-b36a1563

$ 0.00
3 years ago

Oh, I see 😁 okay I will edit it. Maybe those I read are a hoax. I read some before posting this. Anyway thanks for the link.

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3 years ago

I'm thinking if we can earn bch in memo.cash and member.cash😆 I akready joined in member.cash but it's too complicated😆

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3 years ago

I think member cash and memo cash are using slp tokens.. I am not so sure too.

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3 years ago

Cash is over flowing everywhere 🤣🤣

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3 years ago

Yeah haha

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3 years ago

This is indeed an enlightenment to those who are getting to know more about bch. I include myself on that circle 🙋‍♀️

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3 years ago

Yeah, I hope everyone will know how great BCH is , so more investors come and or more industry adopt BCH then eventually the price of BCH will go to the moon 😆

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3 years ago

Yes. Daog jud na. Hahaha

$ 0.00
3 years ago

Thanks for the tips @tired_momma & @AA-Admiral 😁

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3 years ago

That makes sense.. Thanks for sharing the history of BCH..

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3 years ago

Yeah, everything ends with Cash in BCH because it should be used as cash. 😆 thanks I hope you learn something.

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3 years ago