This is why we need BCH

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1 year ago

The world needs a currency that is not controlled by any central authority, that can be sent anywhere in the world instantly, and that is not subject to any political or economic pressures. The world needs a currency that is not subject to inflation or deflation, and that can be used to store value. The world needs a currency that is not subject to any government or bank oversight. The world needs a currency that is not subject to any single point of failure. The world needs a currency that is not subject to any single entity controlling it.

Bitcoin was invented so that you will not lose money when someone else lost money and needed a bailout. When a bank or government financial services lost money, everyone who put money in their custody also lost money. This is known as an absolute death spiral.

When inflation occurs in a fiat currency, it increases the cost of living for everyone. And when a central bank creates money, its first order effect is to transfer wealth to itself. This is called inflation. This causes people to either seek out an alternative store of value, or it causes people to abandon the money altogether.

When people want to send money to someone else the bank puts a limitation on the size of the transaction amount in the amount the sender can send, causing a delay in the transfer. Then, when the transfer finally occurs, the money has to be converted back into the currency the recipient uses to receive it. Then, the recipient's bank may charge them a conversion fee to receive the transferred money. This is known as a conversion fee. It all creates a huge barrier to sending money anywhere in the world instantly.

These then were some of the reasons why Bitcoin was invented. But the question to ask now is this; Is there any cryptocurrency that is aiming to satisfy these reasons?

BTC was the first Bitcoin that was created to address the problems of censorship control, limited transactions, and the impossibility of transactions being sent around the world instantly. But along the lines, what BTC was created to address become its problem. And what we've seen in the last few years, is the destruction of BTC as the idea of alternative digital currency to a mere speculative investment asset.

Having failed to address the problems for which it was created, BTC no longer fit into the narrative of what had been established. Everywhere you try to know about BTC, whether online searching or asking someone physically, the definition of BTC is the same; "Buy and hold BTC to be Rich" with BTC being the new digital gold.

But the more we have been unable to solve the problems that originally motivated Bitcoin's creation, the more we have lost the value proposition for Bitcoin.

Is there any other Bitcoin class asset that is capable of addressing the problems BTC was created to solve?

The answer is YES!

Bitcoin cash BCH is the answer to the question as to what cryptocurrency is capable of providing that BTC failed to provide. BCH addresses the reason Bitcoin was created in the first place. But more importantly, it addresses the problems that have left BTC unable to provide the value proposition it was intended to provide.

To understand why Bitcoin cash BCH is the answer, it's important to understand what we've seen happening in the last few years with BTC. Within the last few years, we have seen the creation of a new altcoins all the time. First, we saw Bitcoin SV, then Bitcoin gold, then Bitcoin diamond, Bitcoin people, Bitcoin eagle, then later Bitcoin diamond 2.0, and of course, the most recent of these was Bitcoin ABC. In a way, the creation of new altcoins is the face of the "Bitfinex effect."

Bitcoin cash has been the only currency with a direct response to address the problem the original bitcoin was created to solve. Because of this, BCH has become the only original Bitcoin that has held value. Other altcoins that tried to solve the problems for which BTC was created are no longer in existence.

But why should you care?

The answer to this question is pretty simple. Any BTC holder today knows quite well that there's nowhere they can use it without converting to fiat. BCH provides an opportunity for everyone to use cryptocurrency as it was intended to be used. This is the value proposition that has been the key missing puzzle piece from the altcoin revolution. BCH solves the problem that BTC failed to address. BCH delivers a value proposition to the world that is part of the original Satoshi Nakamoto roadmap.

With BCH, the problems that inspired the creation of Bitcoin are addressed, and the world finally gets access to a currency that was created for the sake of solving these problems.

This is the face of the new crypto revolution.

The future of money is here.

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Yeah im believe that crypto in the future will be our main money and replace tge existing with the way crypto being evolve

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