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Bityard is Bullish - and So Am I - My Bull Case for Bitcoin Cash
What crypto is a guy bullish about - who posts on noise.cash every day - who writes several articles per week on read.cash - who is constantly active on SmartBCH - who joined pretty much every Bitcoin Cash related Telegram group in existence - and who runs a YouTube channel called "All About Bitcoin Cash"?
It is Bitcoin Cash - aka the original peer-to-peer electronic cash system as invented by Satoshi Nakamoto - aka the first crypto currency that stayed true to the original design of crypto currencies - while at the same time constantly improving itself.
And Bitcoin Cash has not only stayed true to the original design of crypto currencies, it has also stayed true to the original mission of crypto currencies.
Crypto currencies were invented to be sound money for the world. And they were designed to defy central control by any adverserial agent. And they were designed to put the people in control of their own money.
In short: Crypto currencies were invented to make the world a better place.
And no, you buying a Lambo with your crypto gains is not what that means....
It is about making money sound. It is about having a limited supply. It is about taking the government's ability to indirectly - and almost invisibly - tax their population by inflating the money supply. And as we all know, the reduced purchasing power is only felt with some time delay. That means that the entities who get to spend the extra money first, enjoy the higher purchasing power. And those who get to spend it later will already feel the loss of purchasing power. And guess what category most people fall into...
Bitcoin Cash puts everyone on a level playing field. No more time delayed decay of purchasing power. No more invisible inflation. If a government wants to throw bombs on tents, they will have to either raise taxes - or cut their spending in other areas. And guess how the population is likely to react to that... When people know what they are paying for with their hard earned money, they will not accept it being wasted on lunatic "projects".
And Bitcoin Cash makes saving great again - as it guarantees there will ever be a maximum of 21 million coins in existence.
What do you think: How likely are people to spend sound money - that appreciates in value over time - on some nonsense they don't really need - compared to spending fiat currencies that keeps losing purchasing power every single day?
And think about the effects on the global economy and ecology. Capitalism got a bad reputation for making people spend money on crap they don't need - when actually the devaluing fiat currencies are to blame for that. The devaluing fiat currencies that disincentivise saving money - and rather incentivise to spend it mindlessly as soon as possible. And capitalism got a bad reputation for profiting on wars - when actually the irresponsible spending of governments with invisibly raised taxes of their citizens are to blame for that.
You want fast, reliable, immutable, uncensorable, worldwide payments that cost a fraction of a US Dollar Cent?
-Bitcoin Cash got it.
You want the security of a decentralized proof of work network?
-Bitcoin Cash got it.
You want decentralized development of the full node software by several independent development teams?
-Bitcoin Cash got it.
You want a limited maximum supply with deflationary mechanisms?
-Bitcoin Cash got it.
You want a DeFi (decentralized finance) chain that is fast, affordable to use and truly decentralized? A DeFi chain that is secured by proof of work - and that is at the same time as energy efficient as a proof of stake chain?
-Wrong! Bitcoin Cash got it.
Yeah, that's right. With SmartBCH Bitcoin Cash can do everything that Ethereum can do. But of course, it wouldn't be a Bitcoin Cash project if it didn't focus on offering affordable transaction fees.
And the fees are made so affordable that half of the fees can even be burnt. That gives Bitcoin Cash a deflationary mechanism that further reduces the maximum supply of 21 million coins.
And what happens when the demand remains constant - or even increases - while the supply shrinks?
SmartBCH is programmed from the ground up to take advantage of the inherent parallelism of today's computer hardware architecture. And that enables it to achieve a very high throughput - which allows for cheap transaction fees. And the fees will stay low even when the utilisation of the network increases.
In addition to being the better Bitcoin, Bitcoin Cash is now also the better Ethereum.
And I'm glad that I can buy the bargain that is Bitcoin Cash before the masses realize what is inevitably going to happen.
I will take advantage of this opportunity of a lifetime. And I can do that on the trustworthy and reliable Bityard exchange. I can buy Bitcoin Cash both on their spot trading platform with as little as $10 - and I can also go long on Bitcoin Cash with a leverage between 5 and 50 starting from just $2 - for the times where I'm absolutely certain that the price will move upward in the next few hours or days. And theoretically, I could even short Bitcoin Cash with the same available range of leverages - which I definitely won't do.
The great thing about Bityard is that I can even transfer my Bitcoin Cash that I buy on Bityard out to my main chain Bitcoin Cash wallet - and from there I can bridge it to SmartBCH if I want to.
As Bityard is constantly improving their platform and their services, here is a suggestion what could still be improved: I would like to see a direct onramp from fiat currencies directly to Bitcoin Cash. When I'm as bullish as I am about Bitcoin Cash, I would love to convert my devaluing fiat currency to appreciating sound money. And I would love to use a trustworthy service for that - such as Bityard.
Bityard is fully regulated and compliant with international laws. They operate with licenses from four different legislations: The USA, Singapore, Estonia and Australia. They are licensed by the Singapore’s ACRA (Accounting and Corporate Regulatory Authority), The American Money Services Businesses (MSBs), Estonia’s MTR (Register of Economic Activity) for the European Union, and the Australian Transaction Reports and Analysis Centre (AUSTRAC).
And Bityard already offers a fiat onramp for many - or even all of these legislative regions. However, unfortunately, Bitcoin Cash is not one of the available options. You will have to buy any of the following cryptos and then convert them to Bitcoin Cash on the spot trading platform.
As Bityard is committed to constantly improving their services, I'm sure that they will add a direct fiat onramp for Bitcoin Cash. And by doing that, they will help to bring the next billion people to the money of the future.
And in typical Bityard fashion I am sure that they will offer their services at the highest quality and at competitive prices. So they would easily become one of my preferred onramp choices.
I will buy Bitcoin Cash on Bityard. I personally believe that Bitcoin Cash is one of the greatest investment opportunities in my lifetime. But of course, I could be wrong. So be advised that nothing you read is financial advice. I encourage you to fact check everything and to do your own research before you make any investment decisions.
My Bityard UID is 540947958473719808.
This article is my submission into the Bityard writing contest and all expressed opinions are my own. I was not paid to write any of this and I would have written this article in the exact same way if it wasn't for the writing contest.
In case you want to sign up for a Bityard account - and you would like to support me - at no cost and no disadvantage to you, I would appreciate if you added the following string to the end of the Bityard URL when you sign up for an account: /?ru=v8JbtM