Bitcoin Cash is digital "Store of Value"

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3 years ago (Last updated: 9 months ago)

Bitcoin Cash is a modern Bitcoin, more advanced with speed and low cost that can dominate as a digital currency. Bitcoin is just a game that is currently limited for the wealthy and doesn't allow financial inclusion for the rest of the world.

Bitcoin Cash is the scaling solution as it brings fast and cheap transactions on a permissionless and decentralized blockchain. Bitcoin can only offer slow and costly transactions.

Besides that, Bitcoin is just being described as a store of value and trying to be seen as digital gold. Meanwhile, gold has been used for thousands of years as a currency to reach a level of recognition like that.

Bitcoin Cash stands for everything cash should have been in a digitized world. It takes every good aspect of Bitcoin and boosts it while abandoning the drawbacks and creating the ultimate version of Bitcoin. As with Bitcoin in the beginning it took time and Bitcoin Cash has now shown potential to be adopted by every shop and business around the globe.

A currency to become a store of value requires to be used as a currency. Bitcoin Cash is fundamentally doing that, while Bitcoin has shrunk for years in this use case and 99.99% of the Bitcoin transactions are speculative as trading or investing. There is literally nobody out there using Bitcoin for anything else.

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Bitcoin Cash on the other hand is the cryptocurrency selected for adoption as a means of exchange. This property provides Bitcoin Cash with the feature of being a better store of value than Bitcoin. Nothing is a store of value without having utility. Bitcoin isn't art or precious metal to have value in this sense. It is code. Code has value until nobody uses it since it becomes outdated a few years later. Is anyone still using DOS for example? Was there any kind of code that didn't need development?

Bitcoin wants to become gold 2.0. This is the big mistake of Blockstream devs that will be the downfall of Bitcoin. The current Bitcoin community just goes with the flow and spreading weak messages and narratives that won't last long as they are fundamentally flawed. Gold besides being used for millenniums as currency, is also what drives the jewelry industry. It also has use cases in modern technology, art and it is imprinted in our DNA as a store of value. Bitcoin reaching there is just a hopeless dream and while the market cap can pump higher and match gold's, it will still not be a store of value. But Bitcoin Cash is one.

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Bitcoin Cash is the one true peer-to-peer electronic cash for the Internet and transactions with physical stores. Decentralized and permissionless, the best way to transact with anyone around the globe, any given time and with any amount, without relying on a third party. With Bitcoin Cash, you are your own bank, everyone included. Bitcoin is already excluding 99% of the world's population from transactions with fees reaching $10-$20.

Bitcoin is already outdated, lagging in development, not supported by anyone as a currency, and has absolutely no purpose. But when the Bitcoin community was split with the scaling debate, it was the irrational part that prevailed, while managing in the process to kick out of Bitcoin every healthy part that was there.

Exceptional developers like Gavin Andresen and Maik Hearn were forced to abandon their positions as Bitcoin devs, being ridiculed by Blockstream driven crypto press, while propaganda with censorship and lies is demonstrated through many official Bitcoin media streams up to this day.

As bitcoin dev Luke-jr puts it:

Cryptocurrencies are generally very volatile assets. The store of value argument on Bitcoin makes zero sense because of the lack of utility. With Bitcoin Cash, "store of value" has a meaning as BCH is used as money, it has everything required to dominate the transactions sector, it can easily replace fiat and become a competitor to fiat currencies, it has low fees and virtually instant verification speed.

In a world where speed, cost, and security are the most important factors in the transactions sector, Bitcoin Cash is the most advanced cryptocurrency that can compete with the dominant payment processors (Visa, MasterCard, Union Pay, Alipay, etc.). The "store of value" meaning is that Bitcoin Cash is similar to sound money, the money you can use instantly without having any drawback when compared to fiat currencies, while Bitcoin can't compete with any kind of fiat, as the fees make it impossible to be used even in hyperinflating economies.

Realistically speaking:

Thanks for reading.

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I hope Bitcoin Cash will become a reality in the future digital currency.

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3 years ago

Nice

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3 years ago

LIKE

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3 years ago