The title of the article suggests that this is to throw away the fiat money and that's exactly what I mean... it's time to start leaving Fiat behind!
...fiat money has always been controlled by the state and will always suffer inflation.
These properties of fiat money are actually a power that the government uses to be able to produce more money whenever it suits them, not caring, however, about the increased cost of life that this 'uncontrolled' production of money can bring to the citizen, those who are those paying taxes and support the state.
Fiat in the decaying phase
Since ancient times, humanity has been carrying out commercial exchanges and thus using some means of payment that suits them at the time. In the past, primitive men used the exchange system, in which one gave away what he had in excess and in return received what he needed.
At the time of territorial conquests, Europeans looking for land to trade, used their modernity at the time to conquer tribal chiefs exchanging with them products they needed. In northern Mozambique, for example, upon the arrival of the Arabs who traded in the region, the native peoples received products such as porcelain, glass, etc. and in exchange they gave up their ivory.
The example above demonstrates in Loco the power of money and, over time, it evolved and passed the stage of 'banknotes', which in the past had a guarantee of assets such as gold and silver for its issuance. The state used these assets to ensure that the paper money was created and had purchasing power, whenever it needed it issued more 'banknotes' with the justification of having 'guarantees' in their vaults.
In modern times, fiduciary money has nothing backing up it as a guarantee, it is made according to the country's economy, meaning, the bigger and better the economy will be, the issue of banknotes to the market will be. When the country's economy is not doing well, and the country continues to produce money anyway, that country can reach the level of hyperinflation.
After all, what is hyperinflation?!
Hyperinflation is when the economic level reaches the extreme of 'uncontrolled' production of money, the same without keeping up with the economic level causing people to have a lot of money in their pockets but the goods and services remain the same, leading to a lot of money in the market and little industrial and economic production.
Money loses immense value and this loss is called hyperinflation. This is where countries to reduce the money (paper) on the market prefer to increase more zeros in the notes, but in practice this money has no purchase weight.
More payment methods emerge and the decentralized system is born
The problem here is not the emergence of more means of payment, but its character. Although online payment services such as PayPal, stripes, Payoneer and others have appeared over time, the same centralized system is always maintained.
The greed for excessive control by the market on the part of the companies that provide this service means that it is heading in the opposite direction to that which man had been taking since ancient times.
If we look closely, primitive men lived in a peer-to-peer system where commercial exchanges were made directly, the buyer/interested person acquired what he needed from the seller/supplier without having to go through intermediaries. But with the 'new world' there was a need to create a single currency that was used to acquire consumer goods.
This whole time of evolution has only proved something to humanity, no one should control the way it trades in the market. The rise of governments only increased the control and privacy abuse, rules and regulations tied man to traditional means of payment. These means make man a slave to money and he has to pay in order to use it.
It was necessary, however, for a system to emerge that would turn more to man, a system that would take man to the past and give man total control over his money or commercial exchange value. And so the cryptocurrencies arise...
But not all decentralized currencies have the power to connect and link the world for mass adoption, for that the world has to feel that:
The currency works for the longings of the world
It's cheap, easy to use and can be used all over the world at any time of the day 365 days of the year.
And Bitcoin Cash fits that description perfectly!
Bitcoin Cash as a Viable Solution for Fiat
Fiat is in a decreasing phase of adoption and one of the biggest signs in this aspect is the growing interest of countries in issuing their money via blockchain, countries like China are in this race and are well underway to see this reality come to life in the next games in which the country is to be held.
Of course, this money will also be centralized and under high government control, but the mere fact that they use the technology behind the blockchain to issue their 'digital yuan' says a lot: paper money is losing weight in the world and it is time to adopt another type of payment.
For economic freedom this system (digital money issued via blockchain) does not work very well, and here Bitcoin Cash will play a crucial role for what the people are looking for better ways to keep money fully under user control. This money issued on the blockchain will always maintain a steady value, it will never gain value over time and will be inflationary after all it is issued under state authorization.
Bitcoin Cash is anti-inflationary and has a limited supply of 21 million coins and over the years and scarcity will increase its value and weight in the market. It is a means of payment and also a long-term store of value.
It is accepted all over the world by traders who believe in and invest in the currency, and map.bitcoin.com shows where they are located, can be used to buy anything using it without the need to switch to Fiat...few currencies have this power in the crypto world but Bitcoin Cash have it! Another peculiarity is that Bitcoin Cash is decentralized digital money issued without intermediaries, cheap, secure and highly fast to confirm transactions on the network.
One last thought on the subject
It is time to use more Bitcoin Cash and other cryptocurrencies, the decentralized economic market will have a preponderant role in the development of the human species in financial terms. The pioneers in this economy will benefit over time.
Bitcoin Cash is one of the high-end currencies in the future and its conception will be of great value for adoption as decentralized digital money, it is smart money without government intermediation and where the user reserves the right to send or receive value anytime... the user is his own bank!
Bitcoin Cash works for both the purchase of goods and services as well as for long-term investments...use Bitcoin Cash and and drop Fiat.
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...'Read also 05 of my latest other articles about BCH😎:
There is another very beautiful Bitcoin Map that has a directory with pictures, ratings & sharing features on http://bmap.app and it is even available on Android: http://bmap.app/android and IPhone: http://bmap.app/ios or you can simply use the mobile web app on http://coinector.app this proyect was born in 2017 and has constantly improved over the years, the original version is here: http://bitcoinmap.cash and the original has also an alternative android app: http://bmap.app/localbitcoinmap see you on BMAP my friend, lets push BCH adoption to the fullest giving everyone the opportunity to discover more apps, the world is so beautifully diverse, lets unite our powers to get more users spending more BCH, Peace ❤