We need a currency that works, not a sleeping giant.

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2 years ago

We don't need a giant that sits at the top doing relatively nothing. We don't need a currency that has no real time use. Maybe such shouldn't be regarded as a currency. Maybe it should be given another unique and more suitable name so it doesn't confuse users the more.

A currency should perform its duty right? A currency is actually money, be it in paper form or coin generally accepted to be used in exchange for both goods and services. Currency has evolved overtime and now, we have cryptocurrency as digital coin dominating. Even though currency has greatly evolved, it hasn't in any way lost its value and use. Therefore, any paper or coin assuming the position of a currency should at least carry on the original duty of a currency. It should be usable.

Come to think of it, what is the use of coming up with the whole idea of digital currency if the old paper and physical coin still perform the duty of a currency better and even faster? They were meant to take over. They were meant to be more efficient. They were meant to be more user friendly. They were meant to dominate the world of currency. But seems some Big guys are trying to divert the purpose and change the fate.

Where is the competition when the purpose has been changed? What is the use of this ranking when the ones toping the list are not staying true to the course? The Truth is that, the cryptocurrency ranking today is having a lot of influence on users and helping the undeserving Giants dominate the market. And this is only possible because of ignorance amongst greater percentage of crypto enthusiast. Most people don't even know the actual purpose of cryptocurrency. Many don't know the reason behind its existence or what led to its creation.

The ranking is ridiculously based on market price of the coin and its market cap thereby, giving advantage to coins with greatest hype and publicity at the detriments of those that are actually doing the works of a digital currency. Cryptocurrencies are supposed to be totally decentralized so as to be free from manipulations for the privacy and security of its users, but those coins ensuring and making sure this rule stands true today are not anywhere near the top of the list.

The people don't need unusable giants like BTC which is currently not suitable to be used as any form of payment. BTC today is still where it is because the greedy Big men who careless about the masses are pushing it. They are just concerned about their pockets. It is this same greed at the government level that necessitated and prompted the existence of Crypto but today same greed has entered into the crypto space. Judging by its abilities and efficiency, BTC does not deserve to be regarded as a currency because it obviously could barely do anything that qualifies a currency. Digital gold, digital silver or even digital stone is a better suitable name for it. The only thing BTC unarguably is suitable to be used for today is as a store of value. This does not qualify it to be a currency. Gold is used as a store of value yet not regarded as a currency. BTC does not deserve to be ranked amongst digital currencies talk less of toping the list. For those that are looking for an investment mean, no body is discrediting BTC to serve that purpose but that is just the only thing it could do.

Bitcoincash is a currency that works and that is exactly what the people need. You must have heard some people say "BCH is the real Bitcoin and not BTC" before. Those are the people that understand the duty of a cryptocurrency and also have the knowledge of crypto's genesis. Bitcoin was created to ease the people of the stress they pass through using the centralized national currencies. To free them from financial dictators and make the use of their own money easy and worthwhile for them. But you would agree with me that BTC today is not in anyway close to being that user friendly therefore, could not carry on the legacy of Bitcoin. On the other hand, BCH is a part of Bitcoin that still has the complete traits of Bitcoin which is why it is being referred to as the real Bitcoin. Bitcoincash is a currency because it possesses all the qualities of a currency. Furthermore, it is a digital currency that could easily be used for any purpose, fulfilling the dream and vision of Satoshi.

Amongst a few others, BCH is the digital currency the people need because it works.

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It comes to realization after a while that Bitcoin Cash is how we thought of a digital currency would be.

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2 years ago

Exactly

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2 years ago