What I tell others about Bitcoin cash

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2 years ago
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I am going to tell you the things you need to educate the public about Bitcoin cash, for it to be adopted as a legal tender. The public needs to understand more about Bitcoin cash, because it has been adopted as a legal tender in few of the countries like Japan, Sweden and others.

The rise of Bitcoin Cash Bitcoin Cash is a peer-to-peer electronic cash system — nearly the same technology as Bitcoin, but with some significant differences.

The basics

Bitcoin Cash is decentralized — it’s impossible for a single person to control it or make changes to it.

You can use it to buy things just like you would with any other form of currency, including USD, GBP, EUR and others. Just look for places that accept Bitcoin Cash as payment!

The benefits of Bitcoin Cash over Bitcoin Core Bitcoin Core is the “original” blockchain-based digital currency. It was created in 2009 by the mysterious, anonymous entity Satoshi Nakamoto.

The entire point of Bitcoin was to enable online transactions without requiring a trusted third party — but because of the way that it was designed, numerous entities now act as trusted third parties. This reduces the benefits of Bitcoin as a censorship-resistant “unstoppable global payment system”.

I think Bitcoin cash will be a better investment then bitcoin itself, as it has things that bitcoin has not. In my opinion, the 6 things that needs to be adopted by the public are:

1. Segregated witness

2. The difficulty adjustment algorithm

3. Coin cap

4. Canonical transaction ordering

5. Auxiliary proof of work

6. Emergency difficulty adjustment

It is normal to wonder that how this would affect bitcoin itself?, but the truth is bitcoin is dead, because of their inability to implement those features, and they could have made it happen if they wanted to. Therefore, BCH is a better alternative for us than bitcoin itself.

The only thing needed now is for the public to understand what I just wrote about BCH, so that we could shift our focus of adoption from BTC to BCH. It's time for you to use your voice to educate others on why BCH is good for them and their business.

Bitcoin cash is the advanced version of bitcoin and is designed to be used in different places as global currency, because it can be operated with high efficiency, low cost and safe in a transparent environment.

What I need to tell others about BCH:

  • Collaboration, freedom, low fees, no-holds-barred approach to code development

  • Price has been immaterial for a long time

  • Other companies like amazon and apple have implemented support for bitcoin cash.

  • Bitcoin Cash is designed for business, it’s fast and cheap - transactions are processed in seconds, most are processed in less than 10 minutes.

  • Bitcoin cash (BCH) is only four year plus, but since its creation, it has received attention and support from around the world.

  • We’ve seen a number of retailers and merchants adopting Bitcoin cash into their everyday operations. Therefore, it’s important to educate the public about what Bitcoin cash is and why they should use it.

The lack of understanding of Bitcoin cash is primarily due to its name. This is because when bitcoin cash was created, it was intentionally named to denote a difference in goals and vision with bitcoin. Although their names are similar, their histories, developments, network operation and functions are completely different things. The confusion is common as most people still don’t understand the difference between the two.

As of January 2017, the most reviewed and talked-about digital currency is finally available for everyone in the world to use in. Bitcoin is a cryptocurrency that is used as a method of payment. It is not limited by any one country and there are no middlemen to help facilitate or control your transactions. You can also make direct payments to someone without having to go through a financial institution. It comes with a personal cost attached, however.

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2 years ago
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Comments

Alot if people aren't aware of BCH. Some don't even know anything about it

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2 years ago

I always say this to those people who are still not aware of this coin, including my parents, friends and classmates before. I do recommend BCH to them most of the time too.

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2 years ago

Telling people about BCH is not that easy, they won't believe it easily since lots of people are against BCH due to it's ability to be adapted by lots of people easily. Since it has P2P transaction and low fees. However there are still people believing on it, like us who believe that BCH will become the king of coin someday since its the only coin that useful when it comes to merchant and mode of payment.

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2 years ago