The purpose of BCH

BCH is a fight against the corrupt, decaying, and centralized banking system, a fight for the separation of money and state control. A fight to establish the money that should not be controlled centrally, or printed at will. BCH is the first and only legitimate currency that was built to achieve these goals.

Its purpose is to establish sound money that can meet the demand of the people. A new money that can store value and be used for everyday transactions in buying and selling of goods and services. BCH is a fight for a true peer-peer electronic cash system that will disrupt the corrupt system of fiat money, which is controlled by banks, governments, and the central bank of the world.

Imagine the things that could be achieved if only we could get the money out of the hands of the political elite, the central bank, and central governments in the world. Babylon's system needs to be dismantled, and this is what BCH is all about: it can replace this archaic system that makes it impossible to have the free market.

There were a number of alternate currencies, some of which have been used by rebels within the state who seek to replace central government rule with a free market. These currencies were mostly the digital form of the physical currency of the old regime. These alternate currencies were rejected by most people because they didn't work and were not trustworthy. An example of such currencies is M-pesa, where the Kenyan mafia stole thousands of dollars from customers, and other Bitcoins, such as Litecoin and Ripple, where people lost millions because of hackers.

BCH is different because it was designed to work just like the physical fiat currency, but for the exchange, buying, and selling of goods and services, in a peer-to-peer electronic form. And because the BCH is not centralized, it can be guaranteed to not be tampered with by any of the three parties that hold the keys to the bank. The BCH system is organized like an auction, and participants can use this process to exchange value.

As you know, in the real world, goods and services are exchanged through the banking system, but the system is structured in such a way that it allows the central bank to control the monetary policies of the economy. If the central bank increases interest rates, it can kill the economy and cause a lot of economic turmoil. This is what happened during the 2008 crisis, and it led to the banking system collapse which resulted in the Global Financial Crisis (GFC).

But when you use BCH in the real world, it's different because the market transactions are decentralized, and each participant has full control over the transactions. BCH doesn't depend on any central government. It can be used to buy goods and services and is fully traceable to the seller and to the buyer, just like money in the real world.

BCH is fully trusted by users because every transaction is recorded in a public ledger that will be available to everyone and that will be fully auditable. But most importantly, BCH is safe to use because the transactions are stored on the blockchain, which is a public ledger. So there is no record of losses or theft. There is no need to keep transactions in the physical currency that will be exchanged as it can be done in the digital form.

This is important because many countries in the world, including the United States, have a lot of fake money circulating in the economy, and most people don't know what is real money and what is fake money. So because BCH is backed by a single digital ledger that can't be altered, it has the potential to provide people with safe, real money. And since it is 100% secure, you don't need to worry about storing it in the physical world, which is being broken up and controlled by the central governments.

Some of you may be thinking, "But we need this money to pay for real goods and services" Of course, that's true, but this can be dealt with through the use of the BCH's microtransactions and its usage in the marketplace. A very common and useful use for BCH will be its use as a medium of exchange and payment in transactions between users, like buying food, energy, medications, and other goods and services, and this can be done by using BCH to buy and sell for small fractions of a BCH, not by using cash.

Another use of BCH will be for private transactions such as the purchase of property, the rental of property, and even settling financial disputes. However, as we discussed earlier, when purchasing items, if you pay by cash, you have no real security in place, so BCH is a better way to buy and sell goods and services.

BCH is also being used as the currency of choice by cryptocurrency exchanges, which allows users to buy and sell in a secure environment, and with the right safeguards to protect them from losing funds.

The question that remains is, "Is BCH good for you?" The answer is, "Yes!"

Because of its decentralized nature, BCH is not controlled by any central bank. It cannot be hacked by a malicious party, and therefore, it can be a safe and trustworthy digital payment method. Additionally, there are no restrictions on how you can spend BCH. If you have a large amount of money in your account, you can send BCH to your friend or family member who doesn't have any money, and he or she can get that amount of BCH from you.

The features of BCH will make it an extremely popular choice as an alternative payment method and it will continue to grow in popularity and become a worldwide digital currency.

And once you realize that BCH is more than just another digital currency, you'll understand why you can trust this money and use it to buy goods and services.