Embracing The True Peer-to-Peer Electronic Cash System
Why Bitcoin Cash Is The Path To Financial Empowerment Within A Permissionless Economy
The privileges of the whales held Bitcoin BTC hostage and established a narrow vision that diminished potential.
The motives of Bitcoin Core devs (the leading development team), misaligned from the original intention, forged a path incompatible to the roots of the project.
Bitcoin BTC today is established within an ecosystem of stagnation, toxicity, and an anachronistic perspectives.
As the current community of Bitcoin BTC cheers for ETFs, the funds and the banks, the sole purpose of BTC whales is to find enough liquidity to exit their bags.
This digital macroeconomic environment fosters mass delusion, rampant speculation, and aggressive marketing. An ecosystem build to enable degenerate gambling and promoted by the top advocates of Bitcoin BTC.
More or less, this is the current roadmap for BTC.
Yet, BTC is not the only Bitcoin around, as since 2017, Bitcoin Cash carries the torch of the decentralized financial revolution.
Here’s why Bitcoin Cash is the real deal.
The Functional Version: Bitcoin Cash
Bitcoin Cash is accessible to all, regardless of financial status, region, or political perspective.
The intention was always clear. It was never about high fees that exclude the majority from using it, not about Tether, not about marketing that artificially boosted the value of an inefficient and non-scalable network.
A permissionless peer-to-peer economy guarantees rewards for everyone.
No, that’s not the easy path.
If we followed the easy way, we would have been promoting Custodial Lightning, Tether, ETFs, and the banks, but instead, we selected to uphold our dignity and principles.
This is exactly the implementation of BTC maximalism, always subjugated, and hegemonized.
Achieving a permissionless economy for all is challenging, but the benefits outweigh the drawbacks.
Once we maintain a certain amount of users (perhaps just the population of an average city), using Bitcoin Cash in a circular economy daily, then this will be a giant leap forward.
We have learned the importance of saving, but after saving for 20 years in the banks, we acknowledged something went wrong with inflation reducing the purchasing power of our savings.
Money in terms of fiat currencies is only an illusion.
Yet, Bitcoin BTC is also dead as money.
The proposed alternative by the mainstream is dysfunctional, while almost every other cryptocurrency comes with severe issues in terms of permissioned features and lack of functionality.
Some people save in BTC thinking the price will appreciate, but they fail to realize that the fees will also increase. And they will have to pay rising UTXO consolidation fees (that will reach hundreds or even thousands of dollars) when they decide to move, cash out, or just spend their BTC.
What kind of mockery of a payment system is that when bottlenecks and a forced fee market destroy its potential?
Bitcoin Cash's success lies not in the price or marketing, but in its utility and strong community.
The utility is explained in the Bitcoin whitepaper.
In Conclusion
The current financial system wants us impoverished with a fiat money system that has been massively failing.
We have one alternative out there, a unique system that supports and empowers the individual with absolute control of the funds to the user, clear rules, and foundations.
This alternative used to be Bitcoin, but now it is Bitcoin Cash.
The Lightning hoax bamboozled the public and deceived the individual Bitcoiner for too long. The result is people getting cut off from finance exactly as we predicted.
Despite the rational voices and arguments against Custodial Lightning, people did not listen.
The wallet of Satoshi was so much advertised, even by the Bitcoin Pope, Adam Back himself. A centralized wallet that has already censored 300 million individuals in the US.
Bitcoin removes the middleman but the BTC maximalists brought them all back.
Today, even some of the most hard-core supporters of BTC admit it has been a failure so far and grindingly acknowledge that Bitcoin Cash was right.
For beginners seeking to understand the essence of Bitcoin, a glance at the eight pages of the Whitepaper will reveal its core principles.
If that seems challenging, at the very least, read the title to gain a basic understanding:
"Bitcoin: A Peer-To-Peer Electronic Cash System"
Cover picture on Alphacoders
Also Read:
👉 My Links:
Donations
BCH: tipb.ch/Pantera
CashTokens: bitcoincash:zr4nz4jv6jtf7q5tul8dy9j58u24pwawxsm0hh8hwz
Don’t forget to Subscribe and Like if you enjoyed this story!
