Preliminary ramblings

Imagine that tomorrow ordinary people manage to coordinate with each other to make a massive revolution and take control of the world. Through a consensus algorithm executed from each smartphone, the cryptographic system is established to handle international economic activities based on Bitcoin Cash as the main monetary standard.

It sounds like science fiction, a dystopia feared by the ruling elites. How many crooks would see the financial and corporate empires built on the continued exploitation carried out for several centuries collapse? Obviously, at present, the scenario is very difficult to happen, since it is the large corporations, the instruments of power, who control the media that we use daily. Both the smartphone and the internet service you use are at the service of those who designed them. It is not surprising that even you like me, we are under the influence of control strategies and we hardly perceive it. I'm beginning to sound conspirators, and there will be those who will say, with good reason, that I overestimate the power of the elites. Well, I'll stop here! You are free to think what you want, at least on that you will agree with me. I'm not sure, but I try!

Join me again to the imagined stage; Now you go early to buy in the market with the BCH that you have earned with the intense activity as a blogger, at last, you are free from the intermediaries, that is, from the exchanges that you necessarily used to change your precious BCH to fiat money. Now the prices on the billboard are in satoshi. What will your first impression be?

Wow! You will have the same problem as me. How to be sure that the products are reasonably priced? They will probably prepare the billboard with a snapshot of the exchange rate at the time of moving to the new system. Gradually the market will be regulated based on supply and demand.

You'll be stunned, I wanted to say, confused. You have always managed with your local currency, at most, you use the dollar as a reference depending on the globalization of the market. But now it has been replaced by Bitcoin Cash, still, the other cryptocurrencies are in use based on the purposes of the various communities and their purposes. In the end, it is about total freedom without intermediaries with conflicts of interest.

A brief inquiry into an alternate world

You may wonder, where did I get the prices in BCH? Sure, these are random or perhaps derived from the price of the day. Well, at the time of writing these lines, the BCH will have already changed in price based on market volatility. One of the reasons that the enemies of crypto use for not considering them as money, because according to them this threatens the stability of the market. In this sense, they have a relative reason. However, as a counterargument, it is observed that the international financial system prints money out of nowhere and without support. I wonder, which of the two markets is more unstable? I didn't expect me to answer you now. Remember, here you are to ramble, and from time to time questions arise to investigate or await an expert opinion. Of course, I will be careful to assess well when the opinion comes from the status quo, the cause of an unbalanced system.

I'll put the sarcasm aside to start rambling on how the grocery store owner set the prices. If you've read my latest read.cash exclusive articles, you may have noticed that I am using the https://www.coinfairvalue.com website to play around with the scenarios. The site allows to establish seven currencies as a reference standard, this time I selected my preferred crypto and I ordered it in ascending order due to the uncertainty. By the way, a difficult concept to digest and establish to create scenarios. I will take for granted the methodology used on this website.

Table of top 10 currencies with BCH as base a reference and ordered by uncertainty

You will have noticed in the graph of the top 10, that both the two main fiat currencies and the rest of the Altcoins present a high percentage of uncertainty that is around 80%. Interesting, another matter to investigate in a future article. Common sense tells me that in the hypothetical scenario they will tend to correct to counteract uncertainty as prices balance under the laws of supply and demand.

With this preliminary information and the consultation of the website https://www.numbeo.com/cost-of-living I spent a good time remembering my student days, when I prepared, in a rudimentary way, spreadsheets. This time to view the prices in BCH in various cities on four continents.

Image 3 - 1: Cost lines for Miami City - America

Image 3 - 2: Cost lines (Cont.) for Miami City - America

Image 3 -3: Cost lines (Cont) for Miami City - America | Summary

Transportation, payment for childcare, and housing are the items that account for the largest expenses. This is very interesting.

Image 4: Summary costs for Manila City - Asia

Image 5: Summary costs for London City - Europe

Image 6: Summary costs for Abuja City - Africa

After assembling the tables based on the reference value of 0.00032 BCH, that is, 3125 dollars per BCH. I ask myself again, how will the market react? Also, I think, if at this moment the total available supply of BCH was distributed evenly among the world population with this snapshot of pattern change, there would be great chaos. In this sense, it is enough to see how out of date the average salary is about the cost structure of goods and services to understand how the debt model works. No matter what city you are in, it seems that without going into debt, you will not be able to assume the cost of living, which is always higher than the salary you earn. Therefore, it is necessary to change the paradigm of consumption for a more frugal one.

Final ramblings

In the end, I end up with more doubts and questions than when I started writing the article. I wonder if these ramblings make any sense. Perhaps they are too obvious, and I wasted my time on something fictitious far from achievable. The worst thing for me is to have to bore them with images and tables full of price conversions of cities that you may never know in the future. If so, I apologize. I hesitated for a moment, before deciding not to put together the referential information for a city in Oceania. I expressly did not even consider my own country.

The ramblings remind me of the danger of the systematizing disorder, rather than finding and proposing creative solutions to improve systems. Yes, of course, the massive adoption of a cryptocurrency ecosystem is needed to replace the current outdated model that exploits inequalities and consolidates an unfair redistribution of wealth. Here you have to be careful. There are already several failed models in the past how to repeat on their tracks. A carefully planned economy that inhibits needs and wants is a crime when it is to the detriment of the many and to the benefit of satisfying the desires of the few.

If something is clear to me, there is not enough BCH to balance the balance between income and expenditure per capita on the planet. In the first instance, I see two measures urgently required before the pattern change. The first is to rebuild the cost structure based on a less predatory lifestyle with the environment. And the second, perhaps the most important, I don't know why I left it for the end, to change the aggressive attitude between us, the other is not your enemy or competitor, he is your brother, your collaborator, whom you must help when he is down, He is the one who will help you to change the status quo for a more benign one.

Perhaps behind this, we will find the true value of BCH as an instrument for change.

An original article by @Jnavedan