Explanation of Bitcoin Cash... for normal people

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4 years ago (Last updated: 3 years ago)

Bitcoin Cash is "you are your own bank" money. It exists solely on the Internet.

It's the money that nobody can print out of thin air destroying your savings.

It's the money that can't be taken away from you by anyone without you cooperating.

It's the money that you can hide in your brain.

It's the money that can be moved in billions in seconds for less than one US cent.

It's the money that nobody can forbid you to give to somebody via sanctions, border controls or banking rules.

Bitcoin Cash is definitely a revolution in money.

Why? Let's compare it to the most popular currency - the US Dollar.

Comparison to the US dollar in simple terms

Situation 1: QE/Inflation

Let's say you have saved $10'000 and put it into a bank.

Five years later the government comes in and says: "Hey, your bank is broke. You can't withdraw money from it anymore. Worry not, we have a plan - we will just start a 'QE' program, creating(printing) one billion new US dollars, we will give it to the bank and you can withdraw your money again."

Whew! Saved!

Right?..

Not so fast! The money that was created is a huge problem here.

The bank got the money. The bank won't give this money away, but rather will start "investing" it, for example by buying houses and apartments. The sellers of the houses will see that the houses are selling well and will start increasing prices until the bank doesn't feel like buying houses anymore.

What happened?

The government created (printed) new money and some time later the house prices rose.

What happens next?

The sellers of the houses got somewhat richer, so they can afford to spend somewhat more on other things, like groceries.

Suddenly, the grocery shops see that people can afford to spend a little more and start to increase the prices.

What happened? The government created new money and... some time later the groceries prices rose.

Now, the bread that you could have bought for $10 before, costs $11.

What happened to your savings?

You had $10'000 before and you have $10'000 now.

How many loafs of bread could your savings buy you before the creation of money? 1000 loafs of bread.

And after the creation of money? Only 909 loafs.

$10'000 / $10 = 1'000
$10'000 / $11 = 909.09

The money was created and suddenly you can afford less, therefore, even though you have the same amount of money - you are now poorer.

Creation of money creates the inflation most of the time (unless economy grows faster than money is created) which leads to you losing your savings.

Bitcoin Cash prevents this by having a predictable creation schedule. Nobody in the World can come in and say that tomorrow we'll have created a billion new Bitcoin Cash. It's impossible. Some very advanced math guarantees it.

Current new money creation schedule in Bitcoin Cash is about 4% new money per year and is about to become about 2% in mid-2020.

Situation #2: Withdrawing money from your bank

You have $50'000 in the bank. You come in and you tell the cashier that you want to take it home in cash.

Most of the time the cashier would tell you that you need to wait a few days.

But sometimes you'll stumble into a fact that you can't withdraw such big amounts at all. It happened to a lot of people in the US, the UK, all over the World.

You can move this amount between banks sometimes, but withdrawing is not always possible. You'll be given a lot of reasons, like the withdrawal being suspicious, needing an explanation of why you need such a big amount, etc...

The problem is that it's your money! You shouldn't ask for permission to use it. The bank just keeps it there. You must be able to withdraw it at all times.

(There are reasons why this happens and often the reason is that the bank doesn't have the money, due to something called "fractional reserve banking", which all banks do)

With regular money this situation is possible, with Bitcoin Cash this situation is impossible. You control your money at all times and nobody, except you, can move it. Not governments, not your bank, not your enemies (unless you cooperate).

Situation #3. Accepting money

Let's say you are a merchant (a shop) that wants to accept money.

You can of course, accept cash, that seemingly costs nothing, but there are associated processes that you need to do, like bringing your cash to the bank yourself or have the armed guards do that. This costs time and money.

For example: You need to deposit the daily cash receipts into the bank, but you have your employees do it. That employee must be paid for the time it takes for them to perform this business activity. There is also a chance that an employee steals from the till.

With Bitcoin Cash you can accept any number of transactions for free. If you want to put your money away into the "bank" (so-called "cold storage"), it costs less than one US cent and you don't need the armed guard, just a smartphone or sometimes even an usual SMS-capable phone will suffice.

You can accept credit cards, but it will cost you 3-4% of the amount and you'll get the money in about a week.

With Bitcoin Cash - accepting money is free and immediate. With big amounts you might decide to wait 10-20 minutes to be absolutely sure that the money is yours. For small amounts money arrives immediately.

Credit card payments can lead to fraud. A customer might leave and then do a chargeback.

With Bitcoin Cash all transactions are final and irreversible. As soon as you have your money (again, for big amounts it might be 10 minutes) - the customer can't take it away.

Situation #4. Moving money

Let's say you want to send your money to a friend that you met a few years back at a conference. He's from Some Asian Country. You'll find that sending money to Some Asian Country is impossible, because it's under some sanctions. It's your money. You must be able to give it to whomever you want.

With Bitcoin Cash this situation is impossible. You will always be able to give the money to anyone, anywhere.

Ok, let's say your friend is in the neighboring country. How much would it cost to send the money there? Usually it's about $20. How fast would it be? Probably about 3 workdays.

With Bitcoin Cash it's less than one US cent and immediate, in some cases the recipient of the money would need to wait about 10 minutes for the money to "settle" if the amount is big enough.

So, you've decided to bring your money to your friend anyway during your visit to a new conference. Your friend wants to start a new business and you want to bring $100'000 to him as an investor.

You're going to face a few problems. First, $100'000 is a big amount. You can be robbed on your journey. Second, you might face the problems with customs both in your own country and in the destination country. For example, if you don't declare the money properly - you might get the whole amount confiscated.

With Bitcoin Cash all you need to do is remember 12 words or store them somewhere safe online, so that you can access them upon arrival. As soon as you have these 12 words - you control your money again - nothing else is needed. So, now you can travel to other countries with billions... in your brain!

Situation #5. Opening a bank account

You just came to a new country. You want to open an account. But the bank tells you that it's impossible, because you don't have certain documents.

Or maybe you live in a country, where banking isn't even available to everybody, just like about a billion people live.

With Bitcoin Cash it's impossible. Everyone can open as many accounts as soon as he wants. Opening is immediate and nobody can prevent you from doing so.

Innovative nature

Bitcoin Cash is also programmable money. It can do things that regular money cannot. For example, you can send a specially constructed tip to a friend and if the friend doesn't claim the tip - you can take it back after some time. (This doesn't make the transaction reversible, if your friend takes the money - it's gone)

You can lock your money away from yourself for some time (to avoid spending it), if you want to.

You can allow your money to only be spent if two of your business partners agree that the money should be spent on something.

Wow! Is everything better about this magic Internet money?

Not quite. The good news is that all the troubles are temporary, even if they are going to take a few years to be sorted out, all the benefits are permanent.

Bitcoin Cash is absolutely usable now and secure, but at the time of this writing in 2019 Bitcoin Cash is just two years old, so not too many people know about it and use it.

Due to the relatively low popularity it has a few problems, which all are going to disappear once more people start to accept it.

Acceptance

Since Bitcoin Cash is young - it won't be accepted everywhere. There are thousands of places that accept Bitcoin Cash both online and offline and the numbers are increasing, but your local butcher probably haven't even heard of Bitcoin Cash.

You can see an incomplete list of major places accepting Bitcoin Cash here.

Exchange rate

Until Bitcoin Cash is accepted by more merchants, who can pay their vendors in Bitcoin Cash, thereby creating a closed economy, the exchange rate of Bitcoin Cash to local currencies like US Dollars is going to be dominated by day-traders on internet currency exchanges.

This means that the exchange rate of Bitcoin Cash to US Dollar and other national currencies can move up and down pretty fast.

This is both the good news and the bad news.

The bad news is that during the stable times in the economy sometimes you're going to see the exchange rate move downward, due to people preferring national currencies. This means that if you want to exchange your Bitcoin Cash to national currency later - you'll get less money than if you had exchanged earlier.

The good news is that in case of a major economy failure, you are going to see the exchange rate of Bitcoin Cash surge (get very high), thereby saving you from devastating effects of hyperinflation (=money losing value fast).

We see Bitcoin Cash as a hedge (a protection) against a catastrophic collapse of national currencies and national banking systems around the World, just like what happened in 2008. This has a very high chance of happening again ...and soon.

We didn't have Bitcoin Cash in 2008, so we don't know what would have happened. However, the common sense tells us that if one money can be created on a whim (national currencies) or is currently going through hyperinflation (where the prices might double or triple daily) and the other money is created slowly without creating inflation, people would flock to the second form of money immediately.

It might just so happen that after a major failure nobody would even want to leave the Bitcoin Cash and convert back, thereby creating a new economy. In that case, any people who had Bitcoin Cash before the collapse might become very rich. It will also mean that all the prices are going to be in Bitcoin Cash, thereby making exchange rate obsolete.

You can always exchange your local currency to Bitcoin Cash and back using local.bitcoin.com.

How does Bitcoin Cash relate to Bitcoin?

Bitcoin and Bitcoin Cash have a common history until 2017, but they are two different incompatible projects now.

Three biggest differences that you should know are:

  1. With Bitcoin, you can't sometimes know for sure how much to pay when you want to move Bitcoin.
    You can't sometimes know for sure how long it's going to take.

    The price that you need to pay when you need to move your Bitcoin Cash is always about $0.01 or less. The money arrives instantly, but if you transfer huge amounts of money - you might need to wait anywhere from 10 minutes to an hour to avoid a potential fraud (called "double-spending" - it's very expensive to do after about 10 minutes - see more details here if you are interested).

    With Bitcoin, due to the legacy design of the fee structure, you can expect to pay ten to thousand times more to move your money.

    In November 2017, the typical transaction fee (cost to move your money) reached $35 (that's just to move your money). That happens always when Bitcoin gets attention. Also, the waiting times for your transaction to be processed can be up to two weeks in Bitcoin sometimes. You can't predict when.

    There are none of those problems with Bitcoin Cash.

    At the peak of popularity in December 2018 Bitcoin has processed 490 thousands transactions in a single day and was fully congested (transactions taking weeks to finish, fee to move your money: $35+). Bitcoin Cash run a test in September 2018, where it has processed 2.1 million transactions and was not congested at any moment (transactions taking seconds to finish, fee to move your money: $0.01 or less).

  2. Bitcoin transactions are sometimes reversible (called "replace-by-fee"). A customer can send you a special transaction that he/she can take away from you especially during the popularity peaks of Bitcoin. You can a video here how easy it is to cheat merchants using "replace-by-fee" (note: "Bitcoin Core" referenced in the video is "Bitcoin".) This is an unacceptable risk for merchants.

  3. Bitcoin has stopped its technological advancement. Many new features that are available in Bitcoin Cash (such as privacy technologies CashShuffle and CashFusion, which prevent people from snooping what you are doing with your money, or non-custodial exchanges that can't steal your money, like local.bitcoin.com) required changes called "hard forks" that Bitcoin agreed to never do anymore. Therefore, Bitcoin doesn't have many of the things that make Bitcoin Cash great and doesn't even plan to implement it. These are just a few examples.

Bitcoin is sometimes referred to as "BTC".
Bitcoin Cash is sometimes referred to as "BCH".

Conclusion

Hopefully, after reading this, you now understand a bit about Bitcoin Cash and why we think it's revolutionary and brings you back the freedoms you should have had from the beginning. The freedom to use your money however you want.

We think that everybody should have at least some small amount of Bitcoin Cash. You can try to earn it by writing articles on read.cash or inviting other people to use read.cash. It's not a guaranteed way.

There are other ways, of course. You can simply buy it with local currency.

In the next parts (being written) we're going to try to use this new form of money, find out how to convert your national currency to Bitcoin Cash and back, how to accept it if you are a merchant and even a bit about how it works inside.

See you later.

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4 years ago (Last updated: 3 years ago)

Comments

Maybe I am too old to understand some technical stuff about crypto but your article is very clear to understand. Thanks for that

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2 years ago

Very interesting post. Thank you for it!

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2 years ago

Thank you so much for this article. I thought at first that BTC and BCH are very much the same but I'm wrong.

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2 years ago

Wonderful article. I love it

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2 years ago

I am new here, please help me how it works

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2 years ago

Greetings, I am new to the platform I do not publish any article yet, but I have had the opportunity to read this content and I find it very educational, in a very didactic way perform a comparison between fiduciary money and bitcoin cash, There are many benefits that I could show, which encourages me to venture on this platform.

Thank you very much for the information provided, have an excellent week.

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2 years ago

I'm amahya new here

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2 years ago

Please help me to make a good start

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2 years ago

Hello @Read.Cash,

Such a nicely written blog post on Bitcoin Cash (BCH) and how general people can earn a living, and financial freedom by contributing to the growth of this freedom-loving platform for writers and readers. All the best to you for writing many more amazing revolutionary blog posts that would help shape the lives of people in a positive and meaningful way. Written by @VinayBhagat Thanks and best wishes, Vinay Bhagat

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3 months ago

Can I deposit Bitcoin cash directly to my bank account?

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User's avatar Qu
4 months ago

How did the fees compare for moving money in Bitcoin and Bitcoin Cash during their respective peak periods?

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3 months ago

This is the future, well explained. Future cannot be stopped

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2 years ago

Thanks very concise and informative.

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1 year ago

thank you

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1 year ago

thank you.

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1 year ago

👍

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1 year ago

Salam

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4 months ago

Good panel

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4 months ago

Very nice

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9 months ago

Good platform

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10 months ago

hello every one

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1 year ago

Now I see the importance of bch ...

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1 year ago

BCH fan and loyalist here ❤️

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1 year ago

Such a long one! Now I see the importance of bch

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1 year ago

All clear. Very informative! I had hard time understanding what a BCH is all about haha. Good thing I saw this. Thank you.

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1 year ago

best article and very informative

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1 year ago

Un article très pédagogique.

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1 year ago

Sponsors

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1 year ago

The good in this it's like an online banking we can earn and earn and save here even a cent of money and we really save and save it in for how many years it's become bigger and other people you don't have money but dude I save it here lol.

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1 year ago

بسیار عالی .من تازه واردم

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1 year ago

Thanks a lot! This will be a great help

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1 year ago

I was able to grasp new information about BCH. Thank you for such a detailed explanation. I hope to hodl a lot of BCH. It seems promising. ☺️

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1 year ago

Thanks to write this article for the great awareness..i m very thankful to you .you clear the difference between BCH and BTC

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2 years ago

It's good I find out it reall contants here.

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2 years ago

This article is so informative. I've learned more about Bitcoin Cash it's characteristics, inlfuence and development. Now i am drowning to read more about BCH so that i will be more inspired to take the world of this platform. God Speed everyone.

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2 years ago

nice article

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2 years ago

I am new to this site how I can be successful.Thank you Bitcoin cash.

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2 years ago

Gracias por el aporte soy nuevo en el sitio ya que no le entendia pero ya empiezo a entender poco a poco con toda la información que van compartiendo voy aprendiendo

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2 years ago

Love it

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2 years ago

Wow! Examples were easy to understand. It allows us to love keeping our money as bitcoin cash than putting it in our bank accounts. I, myself work at a financial instruction and all you've mentioned are true.. Thank you! You're article made us easy to understand crypto currency.

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2 years ago

I'm new here. I'm still learning about bitcoin and going to read more articles about it. Though I'm hesitant, I will take a risk because it is interesting. Thank you for the information.

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2 years ago

read. cash wallet is not saved. How to make it save? My balance two-time stolen. First time 10 cents and second time 52 cents. I leave it in my wallet for tips.

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2 years ago

Im enlighten about bch with this article. Thanks to this this will add up to my knowledge about bch.

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2 years ago

good article

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2 years ago

Now this is quite long but it really did explain well.

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2 years ago

new user😘😘

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2 years ago

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2 years ago

Bitcoin is very reliable,a pocketful to moneyless people😊

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2 years ago

Bravo bitcoin

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2 years ago

A bitcoin proved to a revolution in poor countries..

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3 years ago

Bitcoin cash really help me

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3 years ago

Ok...

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3 years ago

Bravo:)

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2 years ago

I am new to noise.cash but I have not received any rewards in my BCH wallet bitcoincash:qzqwn20c7q93nv8hp86q8rpj87ulhdy9mup0ztvrlq

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2 years ago

hi Im new please help me😊 bitcoincash:pzj27rw2wqe2hrz0ywfxa0c9q6l5cdtzvg8lc26j0g

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2 years ago

Thank you bitcoin cash

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2 years ago

I just joined read.cash this very moment. And have read the full article. I loved it. Very clear and precise explanation.

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2 years ago

Good day

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2 years ago

Hello 🙏 I'm newbie here from Philippines, how this site work?

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2 years ago

do you understand about how to earn from here? if yes, please teach me too because I'm still confused about how to do it 😅 thanks

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2 years ago

So far I have figured out that you need to write an article. An "introduction of myself" article is a fine place to start.

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2 years ago

Thank you very much for sharing such usedul information about bitcoin. Its very long article but i intent to read it lol

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3 years ago

Learning

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2 years ago

This article was amazing wow! You have explained very clearly about Bitcoin cash. I have learnt more about Bitcoin cash as I knew before. It's moving, excepting, withdrawing all the the activities are very fast and believable. And also its exchanging rate is is so much little then and other path. It can do many things that regular money cannot. and I hope in future it's gonna make a revolution.

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3 years ago

How to earn?

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3 years ago

Hi I'm newbie here and I'm very willing to learn how this site works.

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2 years ago

Thanks for your information. I'm new here

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2 years ago

Anyone Can Tip a angel like me❤❤❤ bitcoincash:pq9q4ggdy7upuv378xatt2w2ghed5aekn5wdzfe5t7

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2 years ago

I have joined few hours ago.. I started reading about bch

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2 years ago

In read.cash even though my ID is in a very bad situation but my interest in learning and my patience is a lot hahaha.It’s my self-confidence.All of us who came to work read.cash came from the beginning just to earn money but never thought so deeply about Bitcoin Cash but now there is a sincerity, love or curiosity towards read.cash and Bitcoin Cash. Then maybe I could have improved a lot more. Here BCH is explained in such a beautiful way that it was really necessary for me. Thank you read.cash 💝

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2 years ago

It is really a helpful post.

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2 years ago

Tumar ato sub..... . ??

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3 years ago

Bitcoin cash really amazing and let you know that we have a great weekend friends.

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2 years ago

i just started reading. new here.

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3 years ago

Newbie here. How to earn?

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3 years ago

Good morning

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3 years ago

It's Really amazing knowledge

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2 years ago

Love BitcoinChash wallet, the very smooth and real way of earn and exchange

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3 years ago

I really learnt a lot..... Up bitcoincash BCH.... You rock

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3 years ago

Bitcoin to cash is a unique and precious currency. which is becoming papular in the world. Now it is time to earn it from noise cash and from read cash. Thanks for sharing with us

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3 years ago

Wow!!!!

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3 years ago

Nice article!!

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4 years ago

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4 years ago
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4 years ago

Hi

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4 years ago

Hello

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3 years ago

Hi

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4 years ago

So clear explanation 🥰🥰🥰 worth to share🥰

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3 years ago

very nice article.

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3 years ago

Will help alot for beginers. some of my article is this too. Hope they can read it too.

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3 years ago

Thanks for share THIS nice information about bitcoin clash..it help me lot to understand what bch is actuall... I have tried to invest on btc before but Don't did because i was afraid

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3 years ago

Personally I have zero investment in BTC and I wouldn't recommend it, because the fees are unpredictable https://bitcoinfees.cash/ I don't want to pay a few dollars each time I want to move my money. Bitcoin Cash solves it.

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3 years ago

Good explanation) However I would call it explanation for newbies, not for normal people. As we (as crypto-ethusiats in broad term) are normal people too! Moreover I'm sure soon it will be not normal to avoid using crypto.

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3 years ago

You read the title incorrectly, it's about the fact that most of the explanations are written for uber-geeks (blocks, hashes, digital signatures, mining process, inflation schedule - the stuff that only deeply technical people care about). That's why this one is for normal people.

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3 years ago

Yes, I said it's good explanation. I will bookmark this post to refer crypto-newcomers to it. I just meant that it's normal to be a geek)

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3 years ago

It's a very nice article. It explains Quantitative Easing and inflation in a layman's term. I also learned how Bitcoin Cash works. Thank you for the great insight!

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3 years ago

That's a great idea. Nice idea for newbies.

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3 years ago

That's a great idea. Nice idea for newbies.

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3 years ago

Great article, keep up the great work

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3 years ago

Bitcoin cash is really loveable coins am enjoying it so much

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3 years ago

Good post 👍

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3 years ago

Good post

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3 years ago

Om mani padme hum Be healthy be happy be vegetarian

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3 years ago

I truly believe that Bitcoin cash will be the future of money in the next ten years we are early and luck don’t wait to long to pull that trigger 🐺💵

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3 years ago

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3 years ago

Bravo 👏👏

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3 years ago

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3 years ago

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3 years ago

I agree with this. Thanks for very informative post

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3 years ago

Nice article. It is very well written and very informative.

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3 years ago

Hellow

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3 years ago

Good

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3 years ago

Bell'articolo!

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3 years ago

quality article. everything is concise, on the topic. very interesting.

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3 years ago

Great post

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3 years ago

Great lecture on bitcoin cash.

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3 years ago

Thank you for such a clear and easy to understand explanation on the benefits of crypto.

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3 years ago

Cool

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3 years ago

Good work

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3 years ago

@ Read.Cash Hello! Here is also a special case, I say I do not know; that everything increases incredibly without any apparent justification despite the fact that the government has not created new money in a long time, when merchants base the economy on the value of the US dollar that rises, rises, rises every day and does not stop. In this case BCH can be a solution avoiding the increase in products.

This is a google translation, I hope you understand what I'm trying to say.

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3 years ago

Wow..such a good article. It's really helpfull to us. Thank you for sharing.

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3 years ago

Wow this is good

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3 years ago

I try to figure out which info is still updated. If I send money with my bank it arrives at the same moment within my country, within Europe the same day too unless it's weekend.

Is this "With Bitcoin Cash - accepting money is free and immediate" still true? And what about sending? I only see fees. Might depend on the country and it's law. 🤔

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3 years ago

Here's the thing. As soon as you send Bitcoin Cash - it is sent, the receiver has it. Anywhere in the world, even in countries that are under sanctions (you can't for example send money to a friend in Iran). But there are a few problems with cryptocurrencies. One of them is double spending possibility. Basically, the sender can do a nasty trick that's very hard to pull, but possible, where he sends money to you and then immediately tries to send the same money back to himself. Sometimes (<1% of attempts with Bitcoin Cash) he suceeds. That's why exchanges and companies often wait for "confirmations". A confirmation is when a block happens. Basically a company that spent a lot of electricity PROVES that you own these coins. With each confirmation (happens approx. every 10 minutes) it gets progressively harder to pull off. After six confirmations it might be practically impossible to change. That's why if you're selling a Lamborhini it might be worthy to wait an hour for 6 confirmations, but if you're sending a $1 tip - there's no need to wait for anything, especially with Bitcoin Cash. That's why when I send you a tip of $1 - you get it immediately - as soon as I sent it. Each second that passes gives you more assurance that the coins are there.

Banks? They can double-spend too! Within a few weeks they can take the money you got and send it back without asking you! A chargeback can happen 3-6 months after you got money. It's impossible with Bitcoin Cash. After one hour practically NOBODY in the world, even country leaders can take your money away from you. That's why exchanges require confirmations and wait for about an hour. But again, after one hour with Bitcoin Cash - the money is only yours. After one hour with bank transfer - the bank can still take your money away from you. For months!

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3 years ago

Thank you for taking the time to explain this. Fee or not this is a way safer method. My granny would have liked it. She learned me to always check your bank account because too frequently money is "gone". I have experiences with dirty tricks of scammers and the only solution (the bank refused to help me) was to give up my account. Something I could do with a mouse click. I'll save your answer. Happy weekend. 🍀💕👍

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3 years ago

Yeah, I mean cryptocurrencies are hard and volatile, but they solve the main problem - control of your own money. This has never been previously possible with fiat money (Dollars, Euros, Pesos, Rupees, etc...), it was previously possible with gold, but it's really hard to transport gold and divide it... Cryptocurrencies solve that too. But the learning curve is steep. People need to understand many things to use cryptocurrencies effectively.

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3 years ago

You are stupid

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3 years ago

To a layman's understanding it's very easy to comprehend. Follow every bit of the information helped me to understand it both quantitatively and qualitatively,..This is a very nice article

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3 years ago

Great article

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3 years ago

Thanks @Read.Cash for upvoting my article (Ancient Greek) with $2 in BCH

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3 years ago

Thanks for bitcoin cash😊😊 But i hope here in our country will increase the change of bch so that we have more earnings to receive😊😊 thanks a lot😊

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3 years ago

thanks for sharing , i like to read and get new information

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3 years ago

Nice and clear. Yesterday, on the beach, I tried to explain to someone how BCH works but I am not sure he understood it all. If I see him again today, I will provide him this link.

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3 years ago

Nice article, the video just exposed me to things I don't know..thank you.. indeed bch is the future

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3 years ago

Semoga beruntung

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3 years ago

quality article. everything is concise, on the topic. very interesting.

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3 years ago

Woaah. Amazing is it how read.cash is? Amazing really.

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3 years ago

So educating

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3 years ago

good explanation, this can help people understand

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3 years ago

Wow.... Very understandable explanation..nice

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3 years ago

good explanation, this can help people understand

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3 years ago

спасибо, узнал немного о Bitcoin Cash. Тема криптовалюты сейчас очень актуальна и интересна.

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3 years ago

good explanation, this can help people understand

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3 years ago

Well I'll better understand the explanation in more simply interesting people to read and learning fast so good job. 👍🏼

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3 years ago

That's a great idea.

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3 years ago

Here to appreciate the simplicity of this. Definitely leaning more into BCH than BTC. I am glad to be in a place where I am learning more about it!

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3 years ago

This is the first article I have read so far since I came to join this benovolent community. Thank you for this information. I hope Bitcoin will do me good and this community will be of a great advantage to me.🙏😇 Please I'm using this opportunity to introduce myself. I'm Panda_07 and i hope I am welcomed to this community of inspired and motivational writers. Thank you once more.

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3 years ago

спасибо за понятное объяснение. хорошо написано и по смыслу.

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3 years ago

Bitcoin Cash - полезная криптовалюта с хорошим будущим, я полностью согласен с автором статьи.

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3 years ago

I think this is where our future lies

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3 years ago

if anyone can tell how to earn this site

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3 years ago

Still learning on this kind of currency. Many are still ignorant and skeptic.

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3 years ago

Honestly bro, you nailed it. This is the best BCH post that I've seen on @read.cash Thank you for sharing bro!!!

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3 years ago

Nice

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3 years ago

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3 years ago

This is actually amazing though

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3 years ago

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3 years ago

Thanks for the information!

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3 years ago

I don't really read things.

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3 years ago

Nice.good job.

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3 years ago

Thank for the full explanations

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Amazing explanation

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Yes I subscribed

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3 years ago

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3 years ago

Thank you. really understand

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3 years ago

Thanks for the explanation

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3 years ago

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3 years ago

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3 years ago

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3 years ago

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3 years ago

Good one I would say btc and bch are all cryptos

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3 years ago

Nice one

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3 years ago

Well written

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3 years ago

Nice article.... Thanks for post.

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3 years ago

Wow interesting idea

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3 years ago

Wow a very interesting article

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3 years ago

How do you convert bitcoin to paypal? Most online purchases requires paypal as mode of payment. Thanks,

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3 years ago

I really don't know how crypto currencies work, this article helped me though. Thanks!

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3 years ago

Thankd for the explanation, now I understand what BCH is.

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3 years ago

Beauty the nature

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3 years ago

Wow Sir so wonderful information about that. Stay happy dear

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3 years ago

Thanks for this full article on bch

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3 years ago

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3 years ago

BitcoinCash will be the face of cryptocurrency in the future.

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3 years ago

This is good have got a clearer understanding on this crypto coin... thanks

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3 years ago

absolutely glad to know it

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3 years ago

Nice article, can I post in another language in my account?😊😍❤.

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3 years ago

The article is really good, I loved the part you are explaining with simple examples about inflation I wish I could come up with examples like that when I'm debating something!

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4 years ago

Thank you!

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4 years ago

This gigantic project will help to recover the world's economic crisis

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3 years ago

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3 years ago

Good post

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3 years ago

Great introduction. Thanks for sharing!

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3 years ago

Wow that's very nice article. You are the best. Have been trying to understand many things about Bitcoin it self, and bit coins cash but with all your explanation I know more even trying to also invest through this means, good Bitcoin is even more secure than the bank it self. Please continue backing me and you have my support good 👍

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3 years ago

Hi read.cash Please help me sir.. I working very hardly but don't add my point in wallet..?? Please help me kindly sir🙏🙏

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3 years ago

Gd

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User's avatar Din
3 years ago

Nc❤

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3 years ago

Hi

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3 years ago

It's such a simple explanation, now I understand it all, thanks

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3 years ago

Nice article

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3 years ago

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3 years ago

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3 years ago

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3 years ago

Well structured explanation and made simple for ordinary people that are new to understand the difference between Bitcoin and Bitcoin cash with variety of information on how such transactions take place. I like the way its explained. Well done and thumbs up for the good write up.

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3 years ago

Obviously am clearly overwhelmed with prospect of Bitcoin cash. However as much as i want to earn it, am equally concerned about exchanging it to my local currency when i need to or better if there is a considerable platform where i can invest my earned BCH

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3 years ago

Your writing vision is very unique. Thank you very much for such helpful post. This article is about bitcoin. Thanks.

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3 years ago

Such a simple explanation, yet so useful. You're absolutely right about the inflation.

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4 years ago

Thanks!

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4 years ago

Plenty of Information on the article, and hard to assimilate In one day read😀 but awesome news there👌🎉

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4 years ago

Very simple and understandable with this have got nothing to fear. Bravo to you.

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3 years ago

Kudos to read.cash for sharing this golden information about BCH. This article is a real marketing tool for promoting BCH. The only thing I need from BCH ecosystem is wallets that can serve as savings account from which compound interest can be earned.

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3 years ago

Wow such a well expalin article about BCH . This is the first article i had read about bch with such a well explain lines. It quite lengthy but worth readung it

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3 years ago

I will try as much as possible to use this method of payment

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3 years ago

Well written learned a lot from the article about bitcoin cash.

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3 years ago

What do you mean by "for normal people", are those who have little or some other knowledge about it abnormal..?

Your context is great and would appreciate getting more of this to improve ourselves but you see that title.. that's not for me, cause I am abnormal. Keep the good work up..

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3 years ago

good explanation, this can help people understand more about bitcoin

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3 years ago

Thanks read.cash

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3 years ago

Long article but certainly worth the time. Thanks a lot of people really need it. Sharing right away

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3 years ago

Nice

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3 years ago

Great Article

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3 years ago

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3 years ago

Such a useful articles presented

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3 years ago

Even if the main idea of the article is not that, here is the better explanation of inflation effect that i ever see, thanks

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3 years ago

Verry nice

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3 years ago