Bitcoin Cash Cannot Be Stopped Understand Why

There is an errant perception growing among people to think that the government may one day stop Bitcoin Cash and to dissuade this thought I have prepared this short article to elucidate.

First of all, Bitcoin Cash is a decentralized currency that does not have any interference from the state since its issuance it is not under its control and the automation is all done on blockchain with several computers spread around the world with the task of validating and confirming transactions made already network. It is an open source where transactions are public (although there are mechanisms to make them private) all made in real time and protected from double spending, that is, each transaction is unique and cannot be falsified.

When Satoshi Nakamoto created Bitcoin Core (BTC) his intention was to make the individual the owner and lord of his money and, that in the course of each transaction between parties, each one of them transmits confidence in its effectiveness, ensuring that all movement done on blockchain is secure, irreversible and cheap, done in a peer-to-peer electronic manner.

Bitcoin Cash has nothing to do with the government

One of the beauties of Bitcoin Cash lies in the fact that it resists external interference where the government, no matter how upset and wants to shut down the system, finds several inconveniences, first because the blockchain system is decentralized with thousands of computers spread around the world to confirm its authenticity and receive remuneration for it paid directly on the network in the form of a subsidy distributed by the Bitcoin Cash system.

Another factor is the human preference to use Bitcoin Cash services, as there is a demand for the market assuming that people see Bitcoin Cash as a practical way to safeguard their financial assets without having to depend on anyone and increases the power to use anywhere in the world without paying a lot in movement fees.

Bitcoin Cash resides on the internet and it cannot be turned off or this causes serious problems causing millions of services to be dissolved and regressing countries to several years of advancement in technologies already acquired. It is fair, however, to say that the only way to turn off Bitcoin Cash is to turn off the internet, which is practically impossible since the current world is fully automated, working with the help of computer technologies connected to the internet, that is, turning off the net, the world practically regresses. causing deaths, loss of money, paralyzed useful services and much more drastic consequences for the world. Therefore, the net cannot be turned off and neither can Bitcoin Cash.

Legalization, regularization

It is necessary to understand that the intention of cryptocurrencies, all, were issued to be used in the absence of the state, but man still cannot disconnect that Button from the memory that allows him to be autonomous from the state and, it is he who creates situations of legalization or regulation of the decentralized currencies.

It is possible for the government to create laws and mechanisms to legalize or regulate crypto but these tools do not depend only on it to achieve positive results. It is necessary to create laws that first regulate centralized exchanges that operate in territories covered and that these have a leading role in the execution and collection of data (KYC) from their customers so that their accounts are taxed and the movement closely monitored, making a great contrast and colliding with the purpose of creating cryptocurrencies.

Accounts on Exchanges become/are fully centralized and their managers are responsible for handling capital, where the customer has to declare to the tax authorities the amount spent on the movement of values ​​and pay for it! That is, the only way to legalize Bitcoin Cash in a given space would be possible, but they entail high costs and a constant control and monitoring maneuver so that users pay for their use and also ensure that services are guaranteed by these taxpayers after all they are taxed for the government.

There is a gym to regulate and legislate cryptocurrencies and it becomes expensive to do so. Bitcoin Cash used in a decentralized way would never be possible to tax it, but Bitcoin Cash used in centralized exchanges can be seen that these accounts are not managed by the legitimate owner making them custodial where also customers can be banned, suffer restriction and their confiscated money, reminding the moxma: "not your keys not your crypto".

Rest assured, no one can stop Bitcoin Cash

However, it should be noted that nothing and no one can try to stop Bitcoin Cash, there may be attempts to regulate it, even create laws for its use, but they will never be able to turn it off since, for that, they incur to turn off the internet, a vital service for the human experience.

Another thing that people tend to increase and erroneously show interest in is the connection of the crypto world with the traditional one often clashing with why cryptocurrencies were created.

Bitcoin Cash was created to give man back the power of choice and ensure that money is used for the purposes for which they want it by paying very little in fees. What happens when you combine the traditional market with crypto goes against all assumptions and creates an external interference in your market, turning the ecosystem into uncertainty and also creating a movement of sentiment according to what is happening in the world.

Therefore, nowadays with so much institutional money involved in cryptocurrencies, it is possible to see it being hit hard when the world is experiencing less successful times, but this should not happen because the crypto ecosystem should be bulletproof only by obeying the demand created by people who are willing to buy, the world is in wars, conflicts, social problems creating a totally decentralized economy but that doesn't happen nowadays and everything is increasingly connected.

Well, that's another topic to be developed in other articles, but the essential thing is that no one can stop Bitcoin Cash and people can use their money the way they want anywhere in the world paying extremely low fees.

Find me at noise.cash.