Who doesn’t knew or heard of the name Elon Musk? A man who have risen on top because of perseverance and his intellect.
Well, this article won’t discuss anything about his biography or so whatever. This was intended to open up his thought on joining the Bitcoin cash community.
One of the video of Elon Musk that I’ve watched is that he was talking about cryptocurrency. He said that he sees crypto as is effectively as a replacement for cash.
So here’s where the question is, “Elon, why dogecoin and bitcoin”?
We’ve seen a rally in the price of dogecoin as high as 0.08$ after Elon Musk tweeted about it and a rise in the price of Bitcoin when and Tesla bought $1.5b worth of bitcoin.
Is Dogecoin the replacement you are telling in the video? Or is it Bitcoin?
Dogecoin started as a meme then became a cryptocurrency. And I think it would never replace fiat. Yes, it runs on proof-of-work consensus mechanism. Its transactions are fast that it takes only 1 minute to process a transaction in the next block. But it was infinite like a cash that the government is printing.
https://twitter.com/DavidShares/status/1364297792978636809?s=09
Bitcoin? I think it would never happen. Bitcoin has long gone its path to be a digital cash. With its high-cost and slow transaction, why would people use it on their daily lives?
Lightning network? Nah. Check this video posted on twitter.
https://twitter.com/be_cashy/status/1364650868042260483?s=09
Choose a crypto that have those good qualities of both dogecoin and bitcoin but without a fallback. Choose Bitcoin cash.
Bitcoin cash has long proven that it was meant to be the digital payment system in the world even on mars.
Security – proof-of-work, no hack happened before (this is what I knew, correct me if I’m wrong)
Fast transaction – you can transfer funds around the world in an instant
Low-cost – average median fee is around 0.0026USD at the time of this writing
Scarce – with its limited supply of 21M coins, you won’t be worrying about inflation or more like government like schemes.
In the end, people will always choose what will work in their daily lives.
So Elon, choose wisely, choose Bitcoin Cash.
