Indeed Bitcoin Cash is Real

Cryptocurrencies are real.

The first cryptocurrency Bitcoin arrived over a decade ago. Bitcoin overwhelmed the world of digital finance with unprecedented hype.

• Today, there are more than twenty thousand cryptocurrencies in circulation!

• Out of these, only about nine thousand cryptocurrencies are somewhat active.

The hype of cryptocurrencies has settled down. Now the reality phase has started.

Unless there are real goodies in cryptocurrencies and the associated technologies, there is little hope that the dreams of cryptocurrencies will be transformed into a sustainable financial reality.

Indeed Bitcoin Cash is also real.

As Bitcoin is real, so is Bitcoin Cash, an innovative hard fork of its predecessor with many improvements.

The crypto world now knows why Bitcoin Cash is superior to Bitcoin.

• Bitcoin Cash transactions are processed faster, typically taking a second or two to complete.

• Bitcoin Cash charges micro fees, typically a cent per transaction.

• Bitcoin Cash transactions burn fractional electrical energy compared to that Bitcoin transactions, thereby reducing its overall carbon footprints.

Bitcoin Cash is a strong cryptocurrency brand and strives for its performance.

As per a Gemini crypto report of 2021, about 25 percent of global cryptocurrency users are well-aware of Bitcoin Cash. The awareness and use of Bitcoin Cash are rising faster in 2022.

A Bitcoin Cash airdrop bounty inspires all.

The domain of blogging and content creation have been utilized to showcase the dreams of Bitcoin Cash, aka BCH.

BCH monetized long-form articles and Twitter-like micro content have created new hopes for the world with ever-increasing economic recessions.

• A BCH airdrop bounty is inspiring the community of bloggers. The algorithm is made to spread random empathies to many bloggers, including my acquaintances and me.

A pours only a few cents to me! Screenshot source.

The homepage shows the top two bounty receivers in an instant! Screenshot source.

But will my employer and clients pay me with BCH?

Can we run our daily lives with BCH? This is a big question.

• That is why the initiatives to legalize cryptocurrencies by governments matter. The government of St. Kitts making BCH its legal tender from March 2023 will significantly impact the lives of its citizens and the island's tourists.

• Equally significant will be the test runs of the non-custodial crypto wallet Zapit's integration app that makes it simple to pay using their on-the-fly BCH-to-INR conversion feature via the Indian government's Universal Payment Interface (UPI).

But will my employer and clients pay me with BCH?

This subject remins open for deliberation among the futurists.

The question is how we connect real-world entities with BCH

The common mass has tremendous power in its hands.

• If we, the citizens, start using BCH in our day-to-day spending, it will make an impact. We can begin for minor use, such as in restaurants and small purchases, wherever BCH is accepted as payment.

• For the time being, we have to forget about sticking to freedom and bypass paying income tax for crypto earnings to the government.

• Be ready to make payments through BCH even if it invites paying income tax.

All these actions will help connect real-world entities with BCH.

Some closing thoughts

Think real about cryptocurrencies.

• Take small steps to adopt BCH as an alternative financial instrument.

• Don't dream about skyrocketing with BCH.

Because a sudden rise will be followed by a drastic dip!

• Let BCH remains a slowly and steadily rising cryptocurrency.

• Hope for continuous technological improvements in the BCH project.

Postscript

On a serious point, I am curious about how the Indian government's UPI collects user data. I haven't yet used any UPI payments or mobile wallets! People are surprised that I avoid mobile SIM-only apps.

• Does using the Zapit UPI integration payment deduct income tax?

• This is the question I asked the CEO of Zapit wallet!

Do we need proof that a real-world purchase has been paid via BCH?

• No, you need not show proof that you purchased an item by paying BCH.

• If you record videos of BCH payments for real-world purchases, you can make nice articles on BCH payment applications.

Members of the crypto community like to see such videos.

{A real-world sponsor of this article}

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Cheers!

Unity (Debesh Choudhury)

Text Copyright © 2022 Debesh Choudhury — All Rights Reserved

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Disclaimer: All texts are mine and original. Any similarity and resemblance to any other content are purely accidental. The article is not advice for life, career, business, or investment. Do your research before adopting any options.

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Dec 02, 2022