It's so good to be part of this great community that focus on growing this gem cryptocurrency #BitcoinCash. I could remember sometime ago when my old papa told me about his first internet conference in 1986, there were about a hundred people in attendance. All of them were computer science students. He narrated how his group were telling the entire people there that the world was about to change through the internet, no one believed them. Atleast no one believe him because he was just 18 years old by then.
The technology i am going to talk about in this article is about to transform the world in equal measure and will also transform the internet itself "#BitcoinCash"
An invention created, by an anonymous creator, unleashed as an open source project, built by a community of volunteers, run as a peer to peer network. Derided, laughed at, ignored for the first two to three years (not so much anymore). People are beginning to pay attention just like with the internet. Things that were previously unthinkable at now thinkable. People are beginning to notice that there is something more to what they are being told.
Bitcoin Cash is a protocol, and what better stage to talk about a protocol
The moment you start talking or thinking about Bitcoin Cash, it brings up a very difficult question; What is Money?
I have had conversation with people, and most of them have no idea of what money is or how it works. It's one of those technology that is so deeply embedded in our culture, that it has become completely invisible to us. Infact we don't even need to think about money it stops working. Some countries, they realize that it stops working and then everybody has interesting things to say about what money is.
But what is Money?
At it very basic level, money isn't value, infact you use money to get things, value, products, or services, but there is no value in the money itself. And money isn't a construct of anything, we seem to think that these days, because all of our money comes from certain authoritative sources.
Some guy with a crown says that this is your money, it's your money. And that's the authority it comes from. But what if money could be created without authority, what if money could be created simply through use.
Money is a language: Money is a language that human beings create to express value to each other. As a language, it is one of the fundamental construct of civilization that allows us to exceed what's is known as dunbar number. The dunbar number is the maximum number of individuals who can operate in a tribe on the basic of kingship of aquintance. But if you want two tribe to work together, you must need some common bond, and these bond have included culture, language,religion, and yes money. A fundamental construction that allows us to exceed the scale of a single tribe and engage in commerce with others on a greater scale. But money is also ironically a system of control, because controlling money converse great power to those who control it. And as a result, banks and governments have always held a verytight control of our money.
On 23rd July, 2017, the world changed because some person created a peer to peer protocol, a flat network that is able to express money as a content type. If you have the knowledge of the internet, you will understand when i say "money as a content type".
Money that is express purely as data, that can be transmitted using any communication medium that can convert information. #BitcoinCash transactions doesn't need to be transmitted over the BCH-Network only, although that's a convenient way to do it, you could encode in skype emoji images, you could post it on facebook, in the background of a picture. BCH has pure information on a open network that is simultaneously uncensorable, open to anyone- neutral and global. There are no borders on this new technology. Just like there are no borders on the internet.
Everyone can access it because it is not a product, it is not a company, you don't need to register for an account. You simply download the app. As soon as you download the one application, you can join a global economy. And that global economy is open to anyone of any race, religion, ethnicity, again, anywhere in the world. For most people this concept hasn't quite sunk in. The children born today will not know a world in which banks exists, they will not know a world in which paper money exists. Anymore then, many of our young people today have no idea of what the world use to look like before the internet.
Every form of money until today has to have a person behind it. Money can also be owned and manage by people forming an association, a legal fiction called cooperation.
Now with Bitcoin Cash, autonomous agents can manage money themselves, no people required. Imagine a cooperation with no directors, no shareholders, no employee, running entirely based on script learning, machine learning, or may be just a few simple rules that operate autonomously of any human action.
On 23rd July, 2017, the world changed, since then, more than a thousand other cryptocurrencies have been created using the same recipe. This currencies are expanding in almost all directions, exploring every possible niche of this ecosystem, every tiny varient, capabilities and features, creating new markets which are raising funds for thousand of startups around the world. Thousand of software engineer, developers are training to use this new technology "#BCH". The internet itself is changing very rapidly, now we have autonomous agents through using money on the internet, and these are in many cases before the controls of any jurisdiction.
What are the banks and government going to do with this magical open, decentralized, neutral, borderless, censorship resistance network. They are going to say great, we like that but could you take out the open, decentralized, neutral, borderless, censorship resistance properties and package it with an SLA, a 12 month license, and control for us. They will make close gardens of boring stale contents that is fundamentally insecure.
#BitCoinCash is bringing the world together. After years of the internet, it still takes 2 to 3 days to send money from here to a country that is not in Africa. It will still cost you more dollars to send money, and that's if only the country you're sending it to isn't a poor country in which case it will cost far more and may take longer.
The banks, a giant network of centralized, closed, corrupt systems that are sucking money out of the poorest people on the planet. In 2019, two and half billions people do not have accept to banking system, that means they have zero access to banking, cash base.
Imagine what happens if you bring banking to an app, to a $30 android, to everyone who has a smartphone. 3 to 4 billion people are on the internet today, just ove 1 billions of this people have banking, full access to financial services. Bitcoin Cash will bring it to the other 6 billion, fast. And this is going to change the world faster than the spread of cellphones. Imagine a $20 android landing in a village in Nigeria, and it is no longer a communication device, it's a bank! Not a bank account, but a bank. It can wire and receive funds from anywhere in the world, it can do lending, or receive lending for more guard to buy seeds for fields, to bring disaster relief.
It can internationally connect every person on this planet, and Bitcoin Cash could do this within the next few years. The world will radically transform when you bring the capability of a broad economic inclusion to everyone in this world.
Now you would think that banks wants to do this, you'd be wrong.
The world is now connected. Finance is now an application as a content type.
Thank you........