Does BHC a means or an end?

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Avatar for Jnavedan
3 years ago

Perhaps you consider the question as obvious. Everyone knows that BCH, like FIAT money, pretends to be a means to achieve the ends that you propose. For example, buying food or saving to invest in some important good, such as an apartment, a car, or a computer, just to name a few ends of our time. And why not, indulge in some luxuries from time to time.

For now, BCH struggles among many cryptocurrencies to displace, or at least coexist with the fiat modality, including the digital money that circulates in the international monetary system without any type of support. Therefore, it still has a long way to go to become the mass medium of exchange for goods and services.

From this perspective, BCH aspires to be the medium within the rational day-to-day economy. Of course, in addition to the wild competition with alternative projects that are developed in the crypto market. Also to be bundled are the CBDCs, the currency projects of the central banks next to be launched with the respective regulations. The road is not easy.

At present, BCH simultaneously serves as an end. Since the fundamental purpose is to free people from intermediaries that prevent people from negotiating directly, making the network of goods and services more expensive. Consequently, there would be greater opportunities and a more balanced redistribution. At least that's what I understand from Satoshi Nakamoto's original project.

Now, man is such a complex being that in the exercise of rationality he acts irrationally. In the eagerness to foresee the means for the future, he monopolizes them in such a way that it is difficult for him to get rid of them later. He becomes a miser, not only with others, including himself.

Imagine having your BCH portfolio, ten percent of everything mineable, that is, 2.1 million BCH. At the current price, it would be about $ 1,037 million. How would you use the funds?

The typical response, help eradicate poverty in the world. In psychology, authors such as Chris Argyris would say, that is the theory exposed, but the theory in use is far from such a noble objective. Not because people are evil and selfish, at worst, but because of the rationality with which most of them behave.

They do not believe me! So, explain to me what you do with your surplus earnings. Help others without interest, or save in contingency funds. Something that I want to clarify. The neighbor in distress is not necessarily unknown people to whom you have a moral obligation. How many in your circle of friends and family are in need? They are the first to help. I have also acted irrationally oriented by selfishness, so don't feel attacked.

Image by Bianca Holland on Pixabay 

Stop! How is it related to having 10% of the mineable BCH, and the difference between ends and means? Okay! maybe I rambled a bit. You are Satoshi Nakamoto! Tell me how you will use your BCH stake! Counting on the means without a noble purpose is utter nonsense.

If in the little bit, we can act under the aegis of selfishness, in the lot, it is possible to behave as greedy as those who handle the world's money, of course, with a few exceptions. If you can name any, please let me know in the comment area.

Therefore, BCH is both. A means of direct exchange between people, without an intermediary; and an end in itself to achieve a more economically just and balanced society.

Final thoughts

We are living an amazing and interesting time under our fingers. Yes! as you heard. It was not a typo. In the times of our parents and grandparents, for the youngest, it would have said a typing error. Technology molds the language itself, it even conditions how we perceive the world through the constructs that we incorporate into our minds.

For those born in 2000, it is difficult to understand a world without interconnected computers, smartphones with social networks, and instant information. Technologies created and developed by previous generations in search of continuous progress to improve the quality of human life.

The blockchain that supports the crypto market is the convergence of various technologies that begins to emerge at this time with overwhelming force. There are still those who resist change for fear of losing their dominant position. Those who don't want bitcoin, especially BCH. Being this, the best represents an optimal relationship between ends and means.

With this, I don't want to deny the existence of wonderful alternative developments exploring sophisticated applications that I never dreamed of as a child. My sincere and deepest respect for tech entrepreneurs, for what they do. Take humanity to a new level.

However, there is still a pending task that anchors us near the precipice. The moral and ethical task. As long as people are determined to exploit others, no technology will eliminate the causes that pervert the existence of billions around the world.

At the end of the road, BCH will be a means to a greater end, as long as we can overcome the inner barrier to virtue. Otherwise, it will repeat the same role as its predecessors. I once heard someone say that every system is pervertible. Just find the limits and erase them.

Even if we put our trust in an elaborate mathematical algorithm, or created the artificial intelligence most similar to the human brain but without its limits to control the corrupt interference of malicious parties.

Even if we put our trust in an elaborate mathematical algorithm, or created the artificial intelligence most similar to the human brain but without its limits to control the corrupt interference of malicious parties. The greatest threat will still be latent, the lack of discernment of good and evil in the creator of technology. Any false step could turn into a tragedy where the means and the ends are confused.

I am optimistic that we will move forward, from now on, let's put our grains of sand in the right direction. Everyone in his area of ​​influence. Do you want BCH to be successful? So, work with yours, spreading in a didactic presentation the pros of it and how it can improve your life. Be generous and remember to help others in need with the BCH I earned. You have no excuses.

Original article by @Jnaveda

Cover imagen by Gerd Altmann on Pixabay

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3 years ago

Comments

You are very right in what you reflect here in this post.

If I had that amount of money, I honestly tell you that I would invest it in a company, I would not stay giving myself luxuries and recreations or entertaining myself I would immediately start a company that will try to solve a problem in my community, I start from the point that everything must be a win to win relationship, and I believe that from that concept things would start to work a better way.

It is very difficult to remove the morbid or perverted side of people, because if you review history there are cycles that repeat themselves through the ages, and I do not think this platform is the exception. That is not why he stopped being optimistic about it, because I am very clear that we must take advantage of the opportunity that this is an alternative that is very young, and which can be explored many possibilities. And in that I agree with you, we must promote it and make people understand the benefits of this place.

Your publication is very interesting and I took the opportunity to thank you for the support you give me 🔥👍🏼

$ 0.01
3 years ago

You're welcome! Thanks for stopping by and leaving a nice comment. It seems quite logical to me how you would use Satoshi Nakamato's resources. Imagine, with the fork that gave rise to BCH, he too will have an equivalent amount of BTC but valued differently. Although, it is still a lot of money.

$ 0.00
3 years ago

Of course, a generality and many of us do not regret not having been able to make a significant investment in those times., because if we did not have a huge capital.I only imagine if I had the equivalent in bitcoin of what I have right now in bitcoin cash, it would really be a fortune.

But I am very hopeful and optimistic that it will easily reach $ 5,000, and I think that will happen in the next two or three years. At least that's my prognosis

$ 0.00
3 years ago

Of course, a generality and many of us do not regret not having been able to make a significant investment in those times., because if we did not have a huge capital.I only imagine if I had the equivalent in bitcoin of what I have right now in bitcoin cash, it would really be a fortune.

But I am very hopeful and optimistic that it will easily reach $ 5,000, and I think that will happen in the next two or three years. At least that's my prognosis

So be it! 😀🚀

$ 0.00
3 years ago

You have a typo in the title

$ 0.00
3 years ago

Thanks, my friend!

$ 0.00
3 years ago

👍

$ 0.00
3 years ago