Not Giving Away the Freedom Bitcoin Cash Represents
In desperate times, with a plague having befallen upon us, the erratic behavior of governments with the rapid increase of money supply and a switch to authoritarianism has devastated our economies.
This dire situation serves dictatorships and authoritarian regimes while reducing our freedoms even in democratic nations with constitutions being ripped to pieces, and censorship prevailing any constructive criticism.
Money represents a means of exchange and a store of value. It needs to be fast, reliable, and needs to be backed by people.
Cash provides control to the individual but also carries all the drawbacks of our fiat currencies.
Digital centralized fiat, as the current banking system and the developments with CBDCs, are a threat as this money erases control of the funds by the individual.
Bitcoin Cash is the remedy for the broken financial system.
The User is In Control With Bitcoin Cash
(source)
Banks or governments do not control Bitcoin Cash.
It is a decentralized cryptocurrency not controlled by anyone. The entire community decides the fate of Bitcoin Cash with consensus mechanisms.
Satoshi created Bitcoin Cash in 2009 and the network was upgraded in 2017, making Bitcoin available to the entire world as a digital currency.
The primary objective since the inception of cryptocurrencies was the creation of a robust method of exchange.
Satoshi continued the work of previous attempts, picking elements from the work of pioneers in the cryptography field, as Wei Dai and David Chaum, and presented a unique kind of currency to the world.
The first cryptocurrency, Bitcoin, was created as a P2P electronic cash network, aiming to challenge the dollar hegemony and achieve mass adoption in commerce as money.
Bitcoin is Cash, in the form of Bitcoin Cash, the updated network with a bigger block size that scales.
(source: map.bitcoin.com)
The above map explains the drastic increase in acceptance of Bitcoin Cash as a means of exchange by businesses in Caracas, Venezuela.
More than a thousand locations in the whole country accept Bitcoin Cash.
Venezuelans understand money better than the Western world since the fiat currency Bolivar has been hyperinflating for years. Every single Venezuelan has to be strict on their approach to money and open to discovering meaningful alternatives to the national currency Bolivar.
But this is not just Venezuela, although this is a hot spot for cryptocurrency adoption, where Bitcoin Cash is thriving.
Bitcoin Cash is the new global phenomenon in payments. It is people that select to use Bitcoin Cash for their payments.
Bitcoin Cash is rising everywhere.
The disappointment in fiat money is spreading rapidly with inflation rising and devouring any savings at the bank. The culture of savings in fiat money for the Western economies has come to an abrupt end with the FEDs and ECBs decisions.
The debt increase is another indicator of another looming macroeconomic disaster.
Venezuelans are today more financially educated than the average western person. It takes a while to recognize the flaws of the fiat system and how it can be damaged significantly by the actions of governments. The most recent example similar to Venezuela is Turkey, with the Turkish lira and economy having already fallen from the edge of the cliff, and nobody knows where the bottom exactly is.
Bitcoin Cash fixes this by separating money and the incompetence of the State.
BTC is today advertised as a store of value, but for 99% of the world's population, it doesn't work as a currency.
99% of the world DEMANDS cheap and fast transactions.
Bitcoin cash delivers instant transactions with fees costing a fraction of a penny.
It is money for the world, not an elite. BTC fees often rise to $50 or higher, and transactions may take weeks to verify. This has happened twice in the past with BTC, but never with Bitcoin Cash.
Bitcoin Cash is the Bitcoin created for the whole world, not just an elite.
Bitcoin Cash is Freedom, Don't Trade it Away
Bitcoin Cash represents freedom. We can’t simply give it away.
We all face certain challenges and money may solve some of our problems, but what we should never bargain is our freedom.
Bitcoin Cash contains the fundamentals of cryptocurrency. It is the embodiment of liberty and represents far more than just the fiat valuation in a few centralized exchanges.
Bitcoin Cash is not about the price of BCH at a centralized exchange but marks the core values of each person who uses it.
Price may keep rising or dropping, it won’t matter to this community.
The BCH community will keep advocating, developing, expanding the payment network with a meaningful approach.
Bitcoin Cash is the most attractive cryptocurrency as an alternative to fiat. Perhaps this is the reason for the vast anti-BCH propaganda.
Cover Photo: by Hanna Zhyhar on Unsplash (modified)
DISCLAIMER: All material published in this content, is used for entertainment and educational purposes and falls within the guidelines of fair use. No copyright infringement intended.
If you are, or represent, the copyright owner of material used in this article, and have an issue with the use of said material, please send an email.
No financial advice intended.
Follow me on:
● ReadCash ● NoiseCash ● Medium ● Hive ● Steemit ●Vocal ● Minds ● Twitter ● LinkedIn ●Reddit ● email
Don't forget to Subscribe and Like if you enjoyed this article!
Your content is very understandable. I live in Turkey. My hope is that one day bitcoincash will be as ubiquitous as cash machines. Goodbye.