How could BCH possibly help the people during a war?

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2 years ago

Say No to war!

It is the same political leaders with their political propaganda. The same dictators who care a lot less about the livelihood of their people that creates war. They are aware that it won't affect them and their families and they don't give a thing about what damages it does to the masses. I personally don't support any side when it comes to war. Peace is the ultimate and it ought to reign. Ukraine and Russia, they maybe both right or wrong but war won't be a solution. A peaceful dialogue would do the trick. The aftermath effect of war is not something to wish any country. Like we all know, there would be no winner or loser. In the end, the soldiers and innocent civilians will incur the losses of both lives and properties. Economy will deteriorate but it won't affect the lifestyle of the leaders, it is still the innocent citizens that would face the consequences. Say NO to War!

How could BCH be of help?

If you haven't heard, they are already using Crypto, especially bitcoin for their agenda in the ongoing fight between Russia and Ukraine. Countries are sending bitcoin to both parties to support their military which is more like fueling the fight. They make these donations in Crypto to bypass legal sanctioning by concerned Unions. It is still the same politicians playing their roles and that is not the kind help my article is about. I'm talking about the kind of help the common citizens who are victims of this fight will benefit from during this time. How using BCH will give them the upper hand as compared to the use of fiat.

The Following are few ways BCH as a usable currency could possibly help during a war;

How it could benefit business owners: if it had been that BCH was already accepted widely in the city even before the war and it was considered a major currency accepted by business owners then, it could be of great help to businesses. We all could imagine what would happen to businesses when there is a war. We all already experienced a bit of it during the pandemic where markets closed down, shops locked and and many businesses crashed. Why do businesses actually die down during this period? The most obvious of reasons is the fact that there wouldn't be movements. Consumers wouldn't come to buy and the owner of; let's say a retail shop wouldn't be able to get goods from suppliers. Even if the consumers are able to come get the goods, it will get to a point where they would run out of cash and the Banks probably already died down. This is when a city who uses BCH would have upper hand. Because BCH is not controlled by the Banks, there will be no such thing as running out of cash and not being able to access their accounts.

A business man who luckily survived a blast during a war stand a chance of losing his goods, equipments and savings to it. A business which does all its transactions in BCH would not totally lose its money to the physical impact and would still have a bit of capital left in their wallet to start afresh after the war.

How it could benefit individuals because banks won't operate: trust me, people are already suffering due to banks shorting down and lack of cash especially in Ukraine. Those who are trying to get to the border would need cash to buy bread during the process. I came across someone online needing urgent help on how he could convert his crpto coins to cash or if someone could help with information on how those coins could be spent in Ukraine as he was already out of cash. According to him, the Banks are down and he is out of cash. At that moment, he wasn't asking for funding to his wallet but literally a way to spend his existing fund. I'm pretty sure, ther are more people like him in that situation right now.

If crypto like BCH was widely accepted in Ukraine and it could be used to buy anything, there wouldn't have been a problem. People running out of the country wouldn't have any issue with funding if BCH is accepted in the country they found refuge. The citizens wouldn't be worried about the loss of their funds if all their savings was made in BCH and they could access it after everything has calmed and gone back to normalcy.

How it could help in donating to the affected people: During and after a war, there would be thousands of people suffering and starving. Many foreign charity organizations might want to help with funds but there would be no means because Banks wouldn't be operating. If crypto like BCH is to be accepted and usable in such country, it would be the best way to make donations across borders.

The list of benefits the world stand to drive from bitcoincash is just endless and it is time we individually realize this so it could be given the chance to showcase its potentials.

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2 years ago

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Excellent read.

Of course, I don't support war either, but I do take sides if I think one side is right and the other one wrong. In this case, Putin is wrong. Ukraine has a right to defend itself.

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Thanks for stopping by mate!

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