Bitcoin Cash (BCH) changes the mindset of the rich

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Avatar for IanBlas
3 years ago

Current situation:

In the current economic system, if you got rich through hard work, to stay there, you are going to have to befriend politicians, and obtain privileges.

If a corporation wants to stay big, it is going to have to befriend politicians and gain more privilege to last. It is not uncommon to hear large companies request an increase in the minimum wage, in this way they manage to eliminate the smallest competitors.

Rich people today think they are rich because of their hard work. However, many are for giving money to politicians, in exchange for tax breaks. Rich people generally like the state.

The Bitcoin Cash reset

In an economy based on Bitcoin Cash (BCH), you don't get that easily BCH thanks to political connections. Bitcoin Cash resets the game, but this time; no political connections, tax privileges, and no protection against competition. A reset of the game, really fair for everyone.

Bitcoin Cash gives everyone the same opportunities. Today you can create an SLP token that represents shares of your farm, and put them on the market for almost free. Compared to the current system, if you want your farm to go public, you will never be able to.

Billionaires don't want the reset

Many billionaires believe they got where they are through hard work, and they don't want to play without state privilege again.

It is not uncommon to hear Warren Buffet say that Bitcoin Cash is useless, dismissing it, without thinking twice.

Other agents, such as large banks, do not want BCH, because the FED could not print trillions of dollars to give them liquidity.

The new billionaire BCH

The rich thanks to Bitcoin Cash, they were not made thanks to state aid, they do not depend on the government. They don't want to be friends with politicians. They know what politics means: control and taxes.

The nouveau riche don't need money printed, they don't want new money to hedge against inflation; Because Bitcoin Cash is deflationary, and the less money there is in circulation, the more its real purchasing power grows.

The nouveau riche are not crying out for more taxes from the big fortunes (like Bill Gates), they know their BCH is worth more than political favors.

Many BCH rich people prefer not to be seen by the state, which is why in the Bitcoin Cash-based economy, we probably won't know who is rich.

Conclusion:

The former rich (friends of politicians) do not want the system to change, even if this means a better standard of living and greater general dignity. They are only interested in staying in their castles, at the cost of devaluing the money of the people who earned it by working hard.

However, the new rich thanks to BCH (current and future), are part of the new economy based on Bitcoin Cash. This economy is where the interests are not those of the state, but those of individuals. In the economy of individual sovereignty, the price system guides investment, not political taste. The new rich play a fundamental role, they are the ones who invest in promoting the infrastructure, and real adoption of Bitcoin Cash.

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Avatar for IanBlas
3 years ago

Comments

It will fix it, but probably not all the way. When it comes to the crony socialism, the nirvana is always a remote vision, but freedom, every step, small or large, is an improvement.

$ 0.00
3 years ago

waoo this if it is true the millionaires do not want the restart, but this ideal of bch is very good for me and the poor mass, very important your article my friend I loved this one too, thank you for uploading these beautiful articles ...

$ 0.00
3 years ago

The incentives generated by BCH in society are very favorable for the whole. Therefore, the more real adoption we achieve, more people will be guided by good healthy money incentives. Thank you very much for your comment!

$ 0.00
3 years ago

waoo esto si es verdad los millonarios no quieren el reinicio, pero esta ideal de bch es muy buena para mi y la masa pobre,, muy importante tu articulo mi amigo me encanto este tambien gracias por subir estos articulos tan hermosos...

$ 0.00
3 years ago

Los incentivos que genera BCH en la sociedad son muy favorables para el conjunto. Por eso, mientras más adopción real logremos, más personas serán guiadas por los buenos incentivos del dinero sano. Muchas gracias por tu comentario!

$ 0.00
3 years ago

great ideas, though there is still the concern that with current assets, those rich could buy into BCH as they have done with BTC and other crypto, and make it more challenging to be used in the ways we hope for.

$ 0.00
3 years ago

If today's wealthy buy BCH (useful money, as opposed to btc) with their assets, that benefits those who previously owned BCH.

$ 0.00
3 years ago

and hurts those trying to enter the system. it also might incentivize those with small stakes that are using crypto as a means of exchange to sell their stakes as they may need the value now rather than in a month's time.

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3 years ago