Move On To Better Money With Bitcoin Cash
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.
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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.