Bitcoincash cannot be limited

The versatility of bitcoincash (intro)

The versatility of Bitcoincash is unmatchable by any of its kind. Crypto was invented to correct the flaw in the world’s financial system but rather, many of them added greatly to the defect. Crypto rapidly grew into an industry where there is a great deal of competition. Due to this fact, competitors decided to choose area of expertise. They decided to specialize and limit their horizon. Therefore, the idea of these cryptocurrencies serving as super money by beating all the challenges facing traditional fiat is completely defeated. Every crypto is striving to be at the top of the chart, the developers rather take pride in being the best at a particular utility stratum than versatility. This unarguably makes them unfit to be regarded as money and therefore a lot lower in value than fiat.

But then, we have cryptocurrecies like bitcoincash which only has the motive of becoming money; to overcome all the challenges facing our local currencies and become a better money. It is not in competition with any of the other cryptos, therefore it has the liberty to try its possible best in every available aspect. This is what made me become interested in it in the first place and its consistency has kept me all through. We know these limitations facing our local currencies and that is why we are so eager to find something more efficient that can overcome them. I would briefly highlight some of these aspects where fiats and other exchange tools are still being limited even though, bitcoincash has managed to overcome them from inception but first, I would like you to bear it at the back of your mind that bch suffers no limitation in terms of utility at the moment. The only problem it has is popularity, which is gradually being tackled by the commitment of its community members.

It is not limited to a particular location

This is one of the most popular issues associated with local currencies. A hundred dollars’ bill from the US is completely useless in my country. Therefore, it has to go through an exchange process and changed to my local currency before it could be considered useful. Aside the fact that its expected social value has being degraded by this limitation, it may also lose its worth in terms of magnitude. This is because in the process of this exchange, there may be charges and sometimes the exchanger charges as high as 5 percent or more. There is no such problem with bitcoincash. It has no special country where it is considered a local asset. Bitcoincash is a universal money and therefore, can be used anywhere by anyone. It doesn’t need to be changed to any other form. The p2p payment ability is what makes it that special. It is now left for individuals to be willing to accept it.

If I have a friend, family member, business partner or supplier abroad and I want to send money to them today, I cannot do it without going through so many exhaustive processes. This means that, I can’t make the transaction at my own desired time. There are foreign platforms making payment to online wallets in foreign currencies but due to payment gateway issues, these payments can’t even be accessed not to talk of exchanging the money into local currency for use. This particular challenge discourages a lot of people from expanding their boundaries and acquiring experience. In fact, it scares people away from taking online jobs. What is the use of working to be paid and not being able to access the money anyway?! With bitcoincash, all these issues are fixed. With an active bch wallet, one can easily make and receive payment anywhere in the world provided there is internet connection. This means that, I can make any form of transaction to anyone at any time of my chosen. It is because of bch that I am able to withdraw my earnings from read.cash immediately and use it for whatever I want. If this doesn’t define freedom to you then, I don’t know what would.

It is not limited to a particular area of usefulness

This where most crypto today are getting it wrong. Money is not supposed to be considered useful in one aspect and not the other. If a tool to be considered as money can be used for exchange, then it should also be useful as a store of value. And when I talk of being useful, I mean doing the work efficiently.

BTC is the first crypto to come into existence and therefore, it is supposed to be the prototype which means that, it should be the concept that combines the most representative attributes of crypto currency. Maybe it was in its early days but not anymore. Now, it serves as just a store of value boastfully depicting as a digital gold instead of digital money. It can no longer be used for day to day transaction as any attempt at that may leave one with lesser that half of the original amount. The charges are so high, the process is sluggish and it is only toping the chart for being the one with the highest price and not for its usefulness. There are other coins that charge less and transact as fast as bitcoincash but are a lot less unreliable for keeping long term. This brings me back to the original topic of limitations. Bitcoincash is the coin that fits into the crypto prototype position at the moment. It can be used for transactions of any kind and also as a store of value.

It Can’t be controlled by an individual or a group

Because local currencies are controlled by the government, crypto was created to be completely decentralized. Which means, there should be no higher authority over it and it should be completely owned by the owner without influence from outside forces. Even though same cannot be said about BTC and others today, bitcoincash is still as free as a crypto should be. It is because fiats are under the control of the Government that brought so many limitations to its use. In fact, through the banks, the government dictate for its citizen on how to spend their money; where and when to use it. bitcoincash is not and cannot be limited by this because no one controls it.

It can’t be limited by naysayers

I had to include this point because there are forces that don’t agree to the idea of bitcoincash. They don’t believe in bitcoincash and they obviously don’t want anyone else to do that either. That is why they are constantly trash-talking bch. But the good thing is that, no one who has being in contact with this coin could actually throw it away because someone else said, it is not good. I have personally read bad reviews about bitcoincash, each time I look out for valid points and I see none. That didn’t change my mind a bit about it and this is because, I have experienced it. This is what makes it possible for bitcoincash to keep spreading and expanding despite whatever that is being said against it. Once someone personally experience bitcoincash, they automatically become exposed to its good side which greatly outweigh its negative attributes, if at all there is any.

Obviously, Bitcoincash cannot be limited.