Will you continue to use BCH if it becomes a stable coin at its current price?
One of the biggest questions hanging over BCH is whether or not its price will rise. Seeing the bearish condition of the crypto market and how BCH has remained below $200 for a long time now makes one wonder if it's going to become a stable coin. But the question I want to ask is will you still use BCH if it becomes a stable coin at the current market value?
The above question might seem funny to many of us, but the truth is that most of us who claim to be BCH supporters are only doing so because we are earning it for free for creating content on this platform. If given a chance to swap BCH for BTC at a ratio of 1:1 will you still keep your BCH? One thing I have discovered is that the majority in the BCH community is only out for profit and nothing else. The selling point for BCH as a digital currency is its fundamentals, that is, peer-to-peer electronic cash that is decentralized and controlled by no one but the people. But many of us are simply after profit and we are not bothered about its fundamentals.
One of the most troubling factors is that most of these BCH promoters are only on social media platforms without a face while the real actors pushing for BCH's success are on the street without a mask going from house to house for the adoption of BCH as sound money for the exchange of goods and services and not for some moon going narratives. The message for pushing BCH adoption is that it is that, it is cheaper, faster, and safer than any fiat money. With this in mind, let me ask the question again; if BCH becomes a stable coin will you still use it?
I have always maintained that in order to have a truly digital economy that utilizes technologies that are futuristic, cost-efficient, and high performing, the backbone of the economy must be digital. Without a doubt, Bitcoin Cash has not lived up to the promise of digital currency. Why is this so? I do not pretend to be a Satoshi Nakamoto nor do I think I know all that has been done to Bitcoin Cash to make it the most used digital money in the world. But what I do know is that the majority of the BCH promoters and investors are only focused on the bottom line and not on what it can do for society. Is this how we are going to achieve a digital society? We are nothing different from the BTC maxi-trolls in many ways, only the difference is that we pretend to be the change.
While the majority of us focus on seeing BCH going to the moon so we can make more profit, the true promoters of BCH focus, on seeing BCH reaching the end of the earth, being used as a medium of exchange in malls, businesses, offices, hospitals, schools, and everywhere else in the world. This is the kind of change the world has been waiting for and there is nothing wrong with that because in the long run, with BCH becoming the new digital gold, everybody wins and BCH is the most secure medium of exchange that can be used in the new digital economy.
BCH was not created to be a competitor with other digital currencies in terms of price, but rather to be the basis of the new digital economy. You can see this in the basic fundamentals of the coin as it stands. With the new digital economy, most transactions will be done through cashless and digital means. Most of the transactions in the market will be done using cashless methods like mobile money, debit cards, bank transfers, etc. With BCH being as it stands right now, BCH is less expensive, faster, and safer than any fiat money, BCH will gain the lion's share of the new digital economy. I am not saying that BCH will become like fiat money overnight, but you know where I stand. I hope the majority of the BCH supporters will realize the tremendous potential of the new digital economy and therefore not throw BCH into the fire just to make a quick buck.
The BCH adoption movement must be allowed to play out in order to become the king of all digital currencies. There is nothing wrong with being a purist, however, a purist must be honest and not be biased. The promoters and investors of BCH need to learn to embrace the reality that BCH can not compete with BTC as it stands now, and should stop looking at it from the lens of BTC. It's not a negative thing to want BCH to appreciate in value since it contributes to the coin's development and applications and improves mining safety. It is beneficial to our efforts to realize the Bitcoin goal.
I believe that newcomers to the Bitcoin Cash community are changing the community's goals. These newcomers are outspoken, promoting BCH through the lens of BTC. The core believers, on the other hand, are still here, working to turn BCH into peer-to-peer cash. So many people are quietly working and are unconcerned about the market price of BCH. I believe that newcomers to the Bitcoin Cash community are changing the community's goals. These newcomers are outspoken, promoting BCH through the lens of BTC. The core believers, on the other hand, are still here, working to turn BCH into peer-to-peer cash. So many people are quietly working and are unconcerned about the market price.
Many of our advocates want us to believe that the goal of BCH is to win the market fiat value. BCH is attempting to gain "market share" by imposing strong competition on banks, forcing them to reduce fees, delays, and inflation. Even that is terrifying to them. That is why they took BTC and destroyed it. Promoting price over the fundamentals could force BCH into the same part as BTC and therefore fail to fulfill the Bitcoin dream of peer-t0-peer cash.
Are we all set to go? Will you still use BCH if its price remains stable at its current market value? BCH will not be able to scale for widespread acceptance until we stop focusing on pricing and start talking more about the fundamentals. That, I believe, is the sole thing preventing BCH from conquering the world and realizing Bitcoin's dream.
I agreed to you brother, most of users didn't know the true worth of BCH. They are using it free thing in their lap that can't be exchanged into other currency for their own benefits. I am strongly against these simple who pretend to be sole promoter of BCH but actually they are not. Real face like Satoshi Angel, Roger, Marc and many faces are in front of us. I am ready if it becomes stable currency as I know its worth is guiding people from base line with sole purpose as replacement of money in digital marketing and promoting economy of the world.