Why Bitcoin Cash will rule the world

There are about a thousand reasons why BCH will rule the world. I have to split this into multiple articles because there is so much to share. Here are just a few of the many benefits of Bitcoin Cash that will enable it to one day be a global peer to peer currency. Some of these you may know about but some may surprise you if you're just a casual observer of Crypto currencies and the markets.

Low fees

No mention of Bitcoin Cash ruling the world would be complete if you didn't mention the low transaction fees first. Only very few crypto currencies can actually serve as world wide peer to peer currency as with most of them their fees would prohibit use as a currency for most of the people in the world.

Bitcoin and Ethereum may sound good on paper, but when you're talking about a fee that's more than a billion people make in a few days (or even weeks) of working then it's useless as a global currency. No one is going to spend their weekly paycheck just to pay the fee to use BTC to buy some groceries. It's just not feasible. So while the high and unpredictable fees of many Crypto currencies are a source of frustration for us in Europe and America, they're prohibitively out of reach for most of the planet. In that case it doesn't matter if BTC or Ethereum could theoretically bank the unbanked if none of the unbanked can afford to use the currency in day to day living.

With Bitcoin Cash everyone can use it as the fees are less than a penny for most transactions. Even children could use their pocket money to use BCH. The transaction fees are so small that people regularly use BCH for tips, faucets and dividends. BCH is perfect for all types of micro transactions, but it's also perfectly able to handle large transactions. Want to purchase a house or land with Bitcoin Cash, no problem. It still only costs less than a penny. Only very few Coins and tokens can claim this benefit!

SLP tokens

There are many benefits to SLP tokens and most of them aren't even immediately visible. Because Simple Ledger tokens are created on the Bitcoin Cash blockchain they automatically inherit all of the benefits of Bitcoin Cash. Low fees, fast transactions, an awesome ecosystem, versatility, scalability just to mention a few.

With so many benefits automatically transferred to all Simple Ledger tokens it's easy to innovate and experiment around with new project ideas or even use the tokens to teach others about crypto currency. The sky is really the limit and this potential is mostly still untapped. Since each token has it's own block explorer and their own specific attributes they can each thrive without being cookie cutter versions of each other. Minting new tokens, burning tokens, airdrops, giving dividends and so many more options are easy and accessible to everyone, even those with no coding experience. All of these including creating a currency costs the same as a regular transaction, less than a penny.

For all the simplicity and versatility of SLP tokens another side is rarely mentioned. Simple Ledger tokens bring more people to Bitcoin Cash while helping both directly and indirectly in furthering the adoption of BCH. No matter if it's a meme token, a tipping token, a new currency for a city or any other project they all help. No matter if the token is serious or silly, each transaction uses BCH and locks up a small amount of Satoshis. This alone can seriously impact the value of Bitcoin Cash; in addition these tokens can help the network scale over time.

Remember, each Satoshi locked up with tokens is effectively mostly out of circulation, making the rest of the ones still around worth more. While this locking up of BCH isn't permanent like a burning, it is pretty long term if people don't burn the tokens. Again, it's not so visible with only Spice and Honk Honk tying up a couple of BCH each, but multiply this over a period of time with thousands and thousands of successful tokens and NFTs (which people don't tend to burn) and we're talking a massive amount of BCH locked up in these SLP tokens.

Own Platforms

Bitcoin Cash has it's own social media platforms. Not just one either, but several of them. This is because of the low transaction fees it's easy to give incentives for social communities with BCH. We have at least two microblogging social sites (Memo.Cash and Noise.Cash) and of course our own Article Platform (Read.Cash). I also heard of a few others but I don't know much about them. The point remains, anytime a crypto currency can encourage the creation of social communities that currency can indeed find world wide adoption over time. Here the social communities aren't the main use case of BCH, they're just complements to the peer to peer use of Bitcoin Cash.

Ecosystem and Community lets people earn & get BCH for free

The importance of this cannot be overstated. When you're a part of the Bitcoin or Ethereum community you're hyping only that which you can buy or maybe slowly mine or get from a faucet.

BCH is the only place where the community empowers people with nothing to start and get Bitcoin Cash and acquire it by various means through multiple sites. While the individual amounts you get are often smallish (a few pennies) they are higher rewards than faucets or even staking rewards in some cases. Unlike staking for many of them you don't have to invest or pay anything.

The fact that so many of these "gathering Satoshi for the average person" avenues exist are staggering to say the least and they all help in the adoption of Bitcoin Cash. There are games, social communities, task sites, remote worker sites, NFT market places, regular market places, content creation sites, and yes even gambling sites and much more to help you gain access to BCH. In addition there are several prominent community members who give BCH as tips on various other mainstream communities and there are often various giveaways that reward BCH and many SLP tokens have Dividends paid in BCH.

Case in point is that there is an abundance of ways of getting your hands on plenty of Satoshis, the whales and leaders of the community make sure of that.

The Community!

The BCH community are some of the most awesome and best people I have ever met in my life. They are kind, giving, compassionate, cooperative and just awesome. They all want BCH to take over the world, so that more people can experience the freedom and opportunity that Bitcoin Cash can bring to humanity.

I'll try to post part 2 of this next week sometime.