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BCH is Bitcoin

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Written by   1075
4 months ago

The overall purpose of creating cryptocurrencies was to provide a new economy, one in which users could have the privilege of using money freely as well as making peer-to-peer payments without having to rely on a trusted entity to do intermediation.

Intermediation has always been an Achilles heel for internet users wishing to make online payments, since they could be refused by the intermediary entity at the time of execution, accusing some violations on their TOS, making it impossible for the payment to be continued.

This scenario contributed to the study of more efficient solutions and, in a decentralized way involving cryptography, payment tools emerged and, with them, the individual could comfortably make payments or send money without having to depend on third parties at any time, thus creating a global digital money system called Bitcoin.

Bitcoin is born at a critical period in the world when the traditional economy was dominated by an unprecedented financial crisis. The creator of Bitcoin had in mind that for the individual to have true freedom, he had, without a doubt, to pay freely and privately.

The guarantee of privacy is in addition to another fundamental human right that protects it from government and, or corporate entities that intentionally collect individual information without authorization, violating human rights. This privacy also extends to the right not to intrude on other people's correspondence, which extends to payments, but this right is often not considered.

Bitcoin is a cryptography-based technology that entitles the right to privacy to be observed, as it is used by individuals who value the good use of digital money without being meddled in matters by control agencies or financial organizations that intend to snoop around the available value on their customers' account.

Bitcoin enhances an individual's ability to freely (and privately ) make payments, use the money for what they want, when they want and where they want to do it.

Bitcoin, a peer-to-peer electronic cash & sound money for the people

First of all, it is necessary to remember that the Bitcoin whitepaper stipulates that it must be used as money to make payments in a simple way cryptographic where no one knows who is behind a Bitcoin address (privacy) and where's no traditional financial entity involved so that the transaction succeeds (decentralization) & works from person to person (peer-to-peer).

This payment system enables individuals to regain authority over money and pushes for more freedom of use as humanity needs. Bitcoin's decentralized economy is easily verified in the original version of Bitcoin Cash.

Bitcoin Cash is the Bitcoin reported in the whitepaper , it works as intended and described therein;

  • Is for e-commerce (has low fees, doesn't need confirmation to be used immediately and is fast On payments)

  • It is based on encryption and not on a third-party trust system

  • It works for instant payments, money remittances without prejudice to the receiving party as it charges small fees where the sending distance is not a constraint

  • It has a larger block to accommodate more transactions and consequently reduce operational value costs

  • And most importantly, Bitcoin Cash is sound money for the world, that is, it's just money!

Thousands of merchants accept Bitcoin Cash as a means of payment for the products they provide in their establishments as well as the services they provide in a clear demonstration of Bitcoin Cash's functionality as electronic money portrayed in the whitepaper. This decentralized means of payment is part of the economy that the creator of Bitcoin designed at the time of creation.

Bitcoin Cash pays directly without financial instruments being involved.

Nowadays there are rechargeable bank cards using Bitcoin Cash and, or, other cryptocurrencies to make payments not constituting direct use of decentralized money, but the use of money from the sale of crypto. This entails privacy costs because when making payments using the bank card, the individual shares information with third parties and also the bank card is never assigned to anyone who has not gone through an arduous KYC system.

This reality does not happen with those who use Bitcoin Cash to pay for products and services as everything is done directly, securely and privately using Cashfusion .

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Written by   1075
4 months ago
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Comments

Bitcoin cash city it's great now's adays

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4 months ago

It's the best place to spend BCH nowadays accordingly to my good friend Jason 😎 great to have you passing by

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4 months ago

Earlier when the price of Bitcoin cash was at 1.8 k at that time I was thinking maybe this coin is the same like Bitcoin but currently looking difficult to say Bitcoin cash is like a bitcoin

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4 months ago

I totally command u bcashers for still trying but bcash got rugged by non other than Jolly Roger and its a disgrace to all big blockers. Now pack your lunch boxes and go become real big blockers.

Bitcoin SV = Bitcoin.

Cope and seethe.

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User's avatar TOG
4 months ago

Great article my friend, BCH is Bitcoin everyone here in the Bitcoin Cash City knows it and uses it

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4 months ago

lol bcash city.

whatever hapoened to that scumbag Hayden he done ruggin?

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User's avatar TOG
4 months ago

Lovely Jason! I told you once that I will come one day to meet the Bitcoin Cash City😎

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4 months ago