Move On To Better Money With Bitcoin Cash

12 171
Avatar for Pantera
2 years ago

Opting out of the problematic and censorable fiat networks and taking control of our money is up to us to decide.

We have a moral obligation to inform the rest of the crypto alternative.

Bitcoin Cash offers a way out for everyone and not just a small selection of an elite.

The BTC maximalists are only interested in their privileges, excluding most of the world from the economic freedom of Bitcoin.

The high fees preserve these privileges, while the BTC whales and Core devs promote the stagnation of Bitcoin and cancel innovation.

What will prevail is financial technology serving the public.

I didn't join cryptocurrency to gain privileges and feel superior over the rest of the world. Crypto is voluntary economic freedom, and our mission is to explain it to everyone.

Upon entering the crypto universe, we have some choices to make, either we keep supporting the unethical and corrupt legacy financial system or protect the value of the wealth we produce and promote cryptocurrencies.

Bitcoin Cash: An Efficient Blockchain

Bitcoin Cash is not raw material produced or extracted from the soil to be a commodity, although it is an asset traded and demands energy. The energy consumption is lower than BTC, though, hinting at less speculation and better efficiency.

Efficiency is also described by the transaction cost, which for Bitcoin Cash is minimal, and the instant speeds.

Bitcoin Cash is reliable, streaming transactions 24/7 with fees almost always lower than $0.01.

Layer-2 solutions to scalability issues are not only unnecessary but also suffer from centralization issues.

Bitcoin Cash is decentralized, not just in its mining but also in developments, a significant feature not met often in the cryptocurrency space.

We watch crypto millionaires and even billionaires that are still working, developing, visiting conferences, expressing thoughts, and promoting innovation.

Nobody leaves the crypto field. Has anyone noticed that?

These are all visionaries and open-minded people that shape the future, promoting innovation and progress.

Those that only treated crypto speculatively have missed out on multiple instances.

The move is from fiat into crypto. The transition will be complete for all once we have ways to live completely with crypto. Although there are also dangers ahead.

Regulations, custodial wallets, enforced KYC, and so on.

Regulations Hinder Progress

I often accuse Saylor, of his dramatic approach, but it wasn't Saylor the first that promoted cooperation with financial authorities. Bitcoin wasn't suddenly hijacked by Blockstream. It was a lengthy process of lies, infiltration, and deception.

It seems the BTC maximalists expect BTC to come out of this unaffected, but, in fact, regulations have already shrunk its initial potential.

While new investors or users of cryptocurrencies seem to be indifferent and even encouraging regulations, it eventually will be detrimental to the success of crypto.

It will change nothing using the dollar, or a dollarized version of the Chivo wallet offering an IOU instead of Bitcoin under the supervision of El Salvador's government.

While some BTC maximalists for years praised the need for "slight" regulations, they also paved the way for complete control of BTC by the legacy financial establishment. They managed to prolong the existence of an obsolete economic model built on trust.

We Are In Crypto For Better Money

This is what crypto is: Better Money.

We parted from our fiat currency ways and select what we consider to be the best money, right now.

It is not wise to hold too much fiat right now when inflation is on the rise and fears of hyperinflation.

Fiat is not "good" money at this point. It is BAD MONEY.

All inflation projections failed, and trust levels in Central Banks are now at their lower level since the 2008 financial meltdown.

With 0% inflation in the EU, it was easy to hold euros in a bank.

Heck, we also faced deflation for a couple of years. Holding money in the bank was increasing our wealth. It was a good time to hold euros for a while, but this time is gone.

In 2020 Covid struck the world and ravaged our economies.

The reaction by the ECB and FED was an immature approach that pumped the stock markets to create the illusion of prosperity and economic progress.

A socialist approach that was destined to create inflationary pressure, which is just in the beginning (at 6-8% official rates in the EU and the US).

The market prosperity of 2020-2021 was mostly an illusion, and the final hope for the FED, the dollar, and the euro today is cutting-edge technology and innovation to rapidly-produce enough value and fill the gaps of its excessive currency mismanagement.

In Conclusion

The debt of the nations is another significant factor adding to the pile of financial troubles economies face today. Especially as we realize this debt did not improve our lives as much as we had hoped for.

Seems there was always corruption, excessive spending, and money lost in the process, perhaps due to the incompetence of those elected to be in charge.

There is an issue many don't think is possible:

Confiscations of our savings at the bank.

If the lenders demand their money back, the banks will have to confiscate deposits on the demand of the governments. It happened before, it will happen again and it will be a lot easier with CBDCs.

We stay safe and counter these threats to our wealth with Bitcoin Cash. It is the wisest financial decision. We improve our living conditions by saving sound money and selecting Bitcoin Cash as it is the fastest and most cost-efficient network.

Images:

  • Cover Photo by jplenio on Pixabay


Copyright Disclaimer:
Images or material published in this content, is used for entertainment and educational purposes and fall within the guidelines of fair use. No copyright infringement intended. If you are, or represent, the copyright owner of images used in this article, and have an issue with the use of said material, please notify me.


Follow me:

● ReadCash ● NoiseCash  ● Medium ● Hive ● Steemit   ●Vocal ● Minds ● Twitter ● LinkedIn Reddit  email

Don't forget to Subscribe and Like if you enjoyed this article!

36
$ 20.24
$ 19.38 from @TheRandomRewarder
$ 0.15 from @Omar
$ 0.10 from @George_Dee
+ 14
Sponsors of Pantera
empty
empty
Avatar for Pantera
2 years ago

Comments

Bitcoin Cash is absolutely the perfect money now and in the future because it has proven to be what the world needs in general.

Nigeria is one of the countries struggling with debt and we are seeing the impact of the money being borrowed by the government, this same debt is one of the biggest reasons for inflation in the country. Adopting BCH by people would solve issues and make the government know their stand and probably get some sense but they are doing things the other way around.

They wouldn't just let go.

$ 0.05
2 years ago

Exactly. I read about Nigeria often, and cryptocurrency is rising since 2019 there. Bitcoin Cash is solving lots of problems that Naira creates. Don't look at Forex rates with other fiat like the euro or usd. They are all going down. Other fiat is not the solution. Bitcoin Cash as fast and feeless is the answer.

$ 0.00
2 years ago

Your right Pantera, that's why government and banks are trying to block crypto because of its upside from fiat money. What you said about countries debts and loans are all true also, only those who are in the position who have some deeper and wider pockets benefits it the most.

$ 0.05
2 years ago

The government money has failed everyone, everywhere. Maybe inflation was low for a while but the system was irresponsible giving too much power to certain people that never had the best interests for the public. Decentralized money with low fees and fast transactions is not a distant future.

$ 0.00
2 years ago

I'd rather protect the value of the wealth produced and promote cryptocurrency than keep supporting the unethical and corrupt legacy financial system because Bitcoin cash has in many ways improve our living condition and finance with it fast network. Though government have tried and still trying to counter it but still they'll always be at loss as many are been enlightened on the significance of cryptocurrency.

$ 0.05
2 years ago

I am not one to talk about the technicalities, but I agree that BCH is better money than fiat.

$ 0.05
2 years ago

I was supporting BTC in 2017 for the same reason. As fees were rising, though, it became clear BTC wasn't what I expected. Bitcoin Cash is, and I only followed once it has proven it is decentralized and not under control of a small team. Once BSV and ABC was removed.

$ 0.00
2 years ago

One thing I learned is that fiat money can affect inflation in a country because of rising prices of goods and the amount of money circulating in society. This is the right thing to do when switching fiat currency to bitcoin cash and I support this 100% the best way to keep money safe and reduce the country's economic problems.

$ 0.05
2 years ago

There are already places we can live only with Bitcoin Cash. Within a few years these places will multiply. There is an excuse today that we have to pay bills, etc. It is more expensive to sell for fiat transfer to a bank and make these payments, rather than directly spending our BCH. I expect the merchant world to adopt BCH faster than ever since the rising inflation is a menace felt by consumers and merchants alike.

$ 0.00
2 years ago

You are right boss, its up to us to decide on which we believe is the best, for me am going for bch bcos of it efficiency

$ 0.05
2 years ago

Talk about the main features BCH has to offer. Tell others. Explain it is money but noone controls it. It is an autonomous network of payments disconnected from the banks and the national currencies.

$ 0.00
2 years ago