Preliminary thoughts

What are you going to do with your money?

Well, I don't have that much money, so my problem is less, at least, from that point of view, I only have to worry about getting enough to cover basic expenses, that is the reality of those who live on the margins.

But if your situation is more comfortable, I suppose that part of your patrimony is in fiduciary money under the custody of a bank, or under the mattress, if you distrust these entities. You do well to distrust.

Now, some voices have long been announcing a financial apocalypse. Fiat money has no backing in a debt-based system, hence the importance of cryptocurrencies, especially Bitcoin Cash.

For years Hollywood bombards us with dystopian feature films where zombies break in after a virus is created, or should I say modified by a caste of society interested in reducing the human race.

Pure science fiction or perhaps well-thought-out cognitive programming. It sounds macabre, and I know that this theme does not usually appeal to most people, even a bit of a techno fanatic of the Blockchain like you and me.

Before 2020, who would imagine the current health status of the planet and the destruction of the economies of the countries. So it is useless to ignore what is happening and immerse yourself in the virtual world, sooner rather than later, events will knock on your door.

I will not tell you about the fashionable virus and its lethal variants that are appearing, nor about the overrated panaceas of vaccination. I am not a virus specialist, much less a scientist, I just think and act with common sense.

I won't tell you about the countless conspiracy theories, even though I no longer distinguish between fiction and reality. Nor will I take a position for or against. Probably, by now the news has transcended the screens and touches your close surroundings.

How about talking about cryptocurrencies, and especially Bitcoin Cash! You will agree with me, that among the many cryptocurrencies and tokens that exist, only one does use the name and represents the continuation of the original purpose.

Take a look at the abstract of the document that started the revolution of the most significant use for the Blockchain.

Bitcoin: A Peer-to-Peer Electronic Cash System

Satoshi Nakamoto

satoshin@gmx.com

www.bitcoin.org

Abstract. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing. The proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone.

https://bitcoin.org/bitcoin.pdf

If you have doubts about which of the candidates is the real Bitcoin. I propose that you deduce which of these meets the fundamental requirements and the correct direction of the development of the project. In my opinion, it is Bitcoin Cash without discussion.

After a decade: Where are we?

Do not think that it is a simple question for an answer of the same tenor. Who does not know that we are in 2021? Pure sarcasm.

If this is your answer, well, I'm sorry for you, you don't know that the world is coming on you very soon.

The Bitcoin technical document had as its previous and triggering event, the real estate crisis that exploded in 2008. If you don't know exactly what happened, even though I'm no longer a movie lover, I recommend you watch “The Big Short”; a film based on the story of Michael Burry.

I will summarize the consequences, with the explosion of the real estate bubble, the pension funds were transferred to those who originated the economic crisis, in the rescue promoted by the governments, and the common people lost, not only their houses but also a large part of the heritage, including, many went bankrupt being left on the street. No one rescued them.

You'll tell me. Well, @Jnavedan. Yes, you're right, but it is already an overdue event.

You may be right, although you will have to give me the benefit of the doubt given the world stage briefly discussed at the beginning of the article.

To support the core of the title of this publication, I want to share with you a public graphic of an institution that does statistical analysis involving the US dollar.

https://fred.stlouisfed.org/series/M1

What do you deduce from the graph? It seems less complicated and dynamic to me when compared to those shown by cryptocurrency exchanges, assets, and tokens.

Let me give you my interpretation. This organization stopped updating the dollar emission chart when the amount exceeded 18,000 billion dollars, an overwhelming amount that skyrocketed in 2020.

Now, you understand why some people warn about the imminent collapse of the US dollar and severe inflation that will hit the world, making goods and services more expensive. Perhaps the crisis to be hyperinflationary.

How to protect yourself from economic collapse?

Everyone hopes the government will protect them. However, the facts indicate that this will not happen. You have to be very naive to believe that. Wake up and get ready. No one will come to your aid, at least not from the governments, who led to this crossroads.

I know that I am touching the dangerous ground, so I release the administrators of this excellent platform and its sponsors from full responsibility. I only express my deductions freely, you do not have to agree with me, as they often say in finance, these are not recommendations, so do your research.

Going back to the graph, I wonder, where has such a colossal amount of money gone? Certainly not the world's poor.

I have bad news for you, the situation we will face will be unprecedented, therefore, no one has a crystal ball to accurately predict what will happen and consequently design infallible strategies.

However, watch and analyze what billionaires do. With so much unbacked money in their possession, where do they invest it? Some buy large tracts of land, and even freshwater. If they could, they would patent up to the air.

Others set their eyes on outer space, and there are financial technocrats who recommend diversifying portfolios in precious metals. The latter seems to be impractical and risky if you investigate the antecedent of the confiscation of gold that occurred during the Second World War.

Yeah, you hit the target! Try to diversify by incorporating some of these, as they do, but above all, if you plan to survive in the emerging system, do not forget to include cryptocurrencies and associated assets in your portfolio.

Sure, you are free to choose the crypto of your choice, but it would be smart if

Does acquire Bitcoin Cash

On what do I base my recommendation? I ask you,

What supports Bitcoin Cash?

In short in three basic aspects, but developed over a whole decade:

• Technology

• Mathematics

• Cryptography

They will be able to strip you of the right to property, and force you to hand over all your assets with a false argument based on the common good and the guarantee of the protection of the system, but how to snatch the money deposited in the broad decentralized network. Only by force, exposing the nature of his purposes.

Now you understand how visionary Satoshi Nakamoto was, or the team behind him. So I will repeat again what Bitcoin Cash means for those who have not read my previous article.

• Bitcoin Cash is the best means to achieve the goal you want.

• Bitcoin Cash is for the use of all people, and not exclusive to the elites.

• Bitcoin Cash is freedom. Enough of the oppression of interested intermediaries.

• Bitcoin Cash is a growing community that will encompass the world.

• Bitcoin Cash is your bank. No one decides or limits how you should spend or invest your vital energy.

• Bitcoin Cash is a way to help your fellow man.

• Bitcoin Cash is the trade balance. Exclusion of supply and demand manipulation.

Protecting your assets against the debacle at the door is a major reason to adopt the use of Bitcoin Cash as quickly as possible.

Closing thoughts

The world financial system based on the dollar standard that governs the price of oil will collapse. The short-term effects will be devastating for people, who will lose everything in the blink of an eye.

There are still many unbelievers, especially those who live in the big cities of the misnamed first world nations. A discriminatory qualifier.

Only those, who already suffer from the forefront of what is being developed, seem to be advancing on the sidelines on the right path hand in hand with visionaries and believers in a new monetary model based on blockchain technology.

In my opinion, Bitcoin Cash is the ultimate weapon, the option available to ordinary people to face the new coming crisis.

An original article, and cover image by @Jnavedan