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How Bitcoin Cash is Giving the Government a Run for its Money

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Written by   38
4 months ago

Introduction

The fiat which is nationally recognized as the generally accepted form of money became a weapon in the hands of the Government. This weapon, they used it in tormenting and enslave their subjects, constantly monitoring their every move, denying them the freedom to own property and enjoy their own hard-earned money. Luckily, now there’s Bitcoin Cash (BCH) – electronic cash that gives you more control over your money and provides you with complete anonymity when buying and selling goods and services online.

Why was cryptocurrency invented?

The cryptocurrency was invented to create a financial system that did not rely on an authoritative body like the government to control what people can and cannot do. It was created as a decentralized system where you could be your own bank and have complete control over your finances. It also helps with censorship, dictatorships, and slavery because if one country decides to censor, restrict or ban crypto then individuals have other options outside of that country to use crypto. This gives people freedom from being enslaved by their government.

Fiat currency definition and basics

Fiat currency, also known as fiat money, is a currency that has no intrinsic value and can only be used because the government says so. It's typically created by governments to act as money when there isn't enough gold or silver in reserve to make coins. This type of currency is called fiat because it's not backed by anything valuable. Essentially, these types of currencies are worth something only because society says they're worth something.

Why Bitcoin cash is better than BTC

Bitcoin cash was created in response to some of bitcoin's perceived weaknesses, including transaction fees that became too high and long transaction processing times.

Bitcoin cash was born as a fork of bitcoin, so it shares a transaction history with bitcoin up until August 1st of 2017. But after August 1st, bitcoin cash transactions have their own separate history.

Unlike other coins like Ethereum or Litecoin which try to do everything, Bitcoin cash only focuses on being a form of electronic peer-to-peer money.

Where to buy bitcoin cash?

Bitcoin cash has been gaining popularity over the past few months. This type of cryptocurrency was developed as an alternative to bitcoin, and it's now accepted by many businesses. If you're interested in purchasing bitcoin cash, there are several ways to do so. You can use your credit card on certain exchanges or buy them from a person online. If you're considering investing in bitcoin cash, be sure that you're aware of any regulations that may apply to your purchase.

Final thoughts

Bitcoin Cash, while still new and unproven in some respects, has already seen an unprecedented level of adoption and acceptance. In my opinion, it's only a matter of time before it becomes more widely recognized as a viable form of money outside of just being used as an investment.

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Avatar for LiquidOcelotYT
Written by   38
4 months ago
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