There's a number of ways to earn cryptocurrency out there on the internet. Other than Bitcoin faucets, one of the emerging crypto micropayment cases has been to try to create a system whereby users can be rewarded for their publishing efforts. Unlike Facebook, Twitter or some of the other major platforms that exist out there that simply mine all of your personal data and keep all of the profiteering for themselves, there are some cryptocurrency based platforms that allow writers to publish their materials (sometimes without censorship) and can potentially even earn some minor rewards for their efforts.As more and more people started using Bitcoin , the system worked hard to maintain the numerous transactions. Consequently, many Bitcoin members waited for hours or days before transactions finally reached their destination. This caused many problems as to how this matter could be resolved. This eventually led to the division of the community into two separate groups with their different opinions.
As the request for memes was so high, I shifted from Mihalache the Metaphor Master™ to Mihalache the Meme Master.This is really super simple to understand. Try sending $10 worth of Bitcoin or $10 worth of Ethereum or $10 worth of Bitcoin Cash to yourself. You end up with only $2 of Bitcoin because $8 went to transaction fees. You end up with $7.5 of Ethereum because $2.5 went to transaction fees. But you still end up with $10 worth of Bitcoin Cash. If Bitcoin with its high fees slow unreliable transactions is a brand new coin today, I bet you nobody would want it. This is nothing complicated, just simple common sense. Would you want to use a slow unreliable service that charges you $8 just to send $10? You don’t need to be a rocket scientist to know that’s ridiculously stupid.
Bitcoin Cash was started by bitcoin miners and developers equally concerned with the future of the cryptocurrency and its ability to scale effectively. However, these individuals had their reservations about the adoption of a segregated witness technology.
Bitcoin Cash is thus able to process transactions more quickly than the Bitcoin network, meaning that wait times are shorter and transaction processing fees tend to be lower, Despite years of decline Bitcoin cash as continue to fork off with everyone having different ideas about how bitcoin-cash should be run.
This narrative couldn’t be further than Satoshi’s original vision but it is what it is, it is what it’s become, digital gold. And the large institutional money has bought into this narrative.
i believe the next couple of decades will see BTC remain as digital gold, that it’s block size will remain small and its transactions slow. It’s blockchain will be viewed as precious space and it’s relatively high fees will be justified by the users.
The people who have hijacked BTC have released a second layer solution called the Lightning Network which enables near instant transactions with minimal fees. Lightning will evolve and will improve, no doubt, but there will always be the mass majority of Crypto users who want their transactions to be on-chain and not on a second layer.
All of the above may sound great, and you may almost wonder how there are any problems. With the primary incentive structures in place, it would seem like these models take a lot of powers away from the creators and central entities and place more power in the hands of their users. This is true, to an extent. However, as is often the case, by solving some problems, some new problems can emerge. Some newly found problems with these platforms can be (but are not limited to):
There are several exchanges where Bitcoin Cash is listed, some include:
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Treat everything with caution and go through the whitepapers. This may save you from disappointment. The important details are mentioned in the whitepapers, such as the strategy, goals and roadmap. Does this extraordinary new coin an unique selling point? Does it have a vision or a plan to achieve success? How this will be achieved and how the coin will be used? How the coin will be distributed and what percentage are the developers holding? This small set of questions will give a better understanding and a general idea about how legit the project is.
What future holds for Bitcoincash?
With the word of Bitcoin jesus, when he was interviewed by coindesk, Roger ver said that if PayPal had know that Bitcoincash would undergo another hard fork, it won't have listed it under it exchange, the future of Bitcoin-cash is still unknown, with some investors already losing faith in the project due to the uncertainty about the future of the Bitcoin-cash. With some people still believing that Bitcoincash would likely split again Into two at later times in the future.
