@cryptomusings

How I avoid panic selling Bitcoin Cash in tough times When you are invested quite heavily in Bitcoin cash, it is difficult to not let the downturns in the market affect you. When there is a sharp correction in the price, I recheck a few things to help me not to panic sell at the bottom. The following are the reasons I hold on to Bitcoin cash during a downturn. Please note, that this is what I go through to help myself. You have to do your own research before making decisions with your own money. So, without further ado **Government Currency Printing** According to different sources, **the US dollar in circulation increased by 20-35% in 2020 alone.** We live in a reality in which a country can print more than a quarter of its currency ever existed in just one year. All of this new currency is going to enter the market and it will bid up the prices of all assets including Bitcoin cash. Millionaires vs Bitcoin Cash As of 2020, there were 46.8 million millionaires in the world according to Wikipedia. If Bitcoin cash becomes the most used cryptocurrency or if it becomes a significant part of business and commerce, most of these millionaires are going to want a piece of the pie. **With the supply of Bitcoin cash capped at 21 million, imagine the price appreciation Bitcoin cash can achieve if 40+ million millionaires want a piece of this very small pie.** https://en.wikipedia.org/wiki/Millionaire Wide distribution As bitcoin and bitcoin cash shares the same genesis block, Bitcoin cash is among one of the cryptocurrencies with a wide distribution. **From the United States to Venezuela** there are people with a vested interest in Bitcoin cash becoming the future of everyday commerce. The world is moving towards more decentralization As more and more people realize that the traditional banking system is no longer serving them, they are looking for alternatives. As people come across decentralized systems, they get attracted to them because no one wants their life to be at the mercy of a small group of people. Even in developing countries like India, People are so fast to understand the need to store their wealth in a decentralized system. https://news.bitcoin.com/indians-hold-40-billion-in-cryptocurrency-report-suggests/ Cheap transactions Transactions fees add a layer of friction to the transaction. Individuals and businesses around the world desire low transaction overhead while buying and selling stuff. Bitcoin cash shines brightly in this regard, Bitcoin cash network offers the most reliable cryptocurrency payments at the lowest price per transaction. Cheap transactions are not only good to have but are necessary for a cryptocurrency to be accepted among the masses, especially in the developing part of the world. **Bitcoin cash scores 10/10 when it comes to cheap transactions.** https://read.cash/@cryptomusings/cheap-transactions-are-necessary-for-any-cryptocurrency-1767cbe5 USD value transferred on the network The value of USD transferred using a cryptocurrency is a critical metric because it means users around the world are trusting that cryptocurrency project to safely transfer value. Bitcoin cash has transferred more value in USD compared to Bitcoin on certain days. As more and more users realize the power of cheap and reliable on-chain transactions of Bitcoin cash. The USD transferred over the Bitcoin Cash network will increase further. https://bitinfocharts.com/comparison/sentinusd-btc-bch.html#6m Merchant adoption **When it comes to merchant adoption every other project is blown out of the water by Bitcoin cash.** Bitcoin cash is by far the most accepted cryptocurrency in the world in physical retail locations. Other projects need at least a few years of hard work to catch up with where Bitcoin cash in right now. https://www.reddit.com/r/Bitcoincash/comments/odgjby/bitcoin_cash_is_accepted_at_far_more_physical/ Adoption in Online payments According to the CEO of BitPay, a major cryptocurrency payment processor, Bitcoin cash is the second most used cryptocurrency for payments next to Bitcoin on its platform. If this trend continues Bitcoin cash may become merchants' favorite cryptocurrency because they are going to get most of their online sales via Bitcoin cash. https://twitter.com/CoinDesk/status/1397943274883751945 Great projects starting on top of BCH There are great projects being built on Bitcoin cash every month. The momentum of good projects is increasing rapidly and shows no signs of stopping. A microblogging platform, NFT marketplace, pay to watch video streaming service, NFT based games, Smart contract ecosystem, a Fundraising platform, online poker, a gig marketplace and digital goods marketplace are just a few of these promising projects and more projects are being built on Bitcoin cash as you are reading this. https://noise.cash/ https://www.juungle.net/ https://gaze.cash/ https://market.enter-the-sphere.com/ https://smartbch.org/ https://flipstarter.cash/ https://blockchain.poker/ https://coingigs.net/ https://k.im/ Smart contracts through SmartBCH SmartBCH is a side-chain for Bitcoin cash, with SmartBCH any project built on Ethereum can be moved over to Bitcoin cash with little work. SmartBCH project doesn't use a separate token for gas fees instead it uses Bitcoin cash for gas fees. Existing open-source projects on Ethereum can be forked to run on SmartBCH relatively easily. **All Defi and NFT activity happening on Ethereum right now can happen on BCH in the future for a fraction of the fees paid on Ethereum.** https://smartbch.org/ The Ethereum bridge Bitcoin cash developers have already started working on an Ethereum-SmartBCH bridge which can be used to transfer already existing tokens on Ethereum to SmartBCH. This project will help skyrocket the available liquidity in SmartBCH because any existing token from Ethereum can be ported over to SmartBCH if they want to take advantage of the exponentially cheaper transactions on SmartBCH/Bitcoin cash. https://read.cash/@francis105d1/smartbch-bridge-0e5d7fb8 Bitcoin Cash community is the opposite of maximalism The Bitcoin cash community is among the best in focussing on bringing more economic freedom to the most number of people. Projects like SmartBCH are an example of how the Bitcoin cash community wants to make technology that liberates humanity accessible to as many people as possible. The community goes above and beyond to help newbies. This welcoming nature of a community is very important for a project to gain adoption. It becomes clear after some time that there is no place for toxicity when you are trying to liberate the world from the shackles of traditional financial institutions. These are some of the major reasons I hold on to the Bitcoin cash I earn online even during tough times. Some of the above aspects of Bitcoin cash are very hard to replicate which makes me very confident to stay invested. Photo by **Anna Nekrashevich** from **Pexels** https://www.pexels.com/@anna-nekrashevich?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels https://www.pexels.com/photo/business-paper-finance-decision-6801651/?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels

Why is bitcoin becoming legal tender is bad for cryptocurrencies Almost everyone in the cryptocurrency space is happy over El Salvador accepting Bitcoin (BTC) as legal tender. I think this move is going to be negative for cryptocurrencies in general. I will lay out my arguments on why I think El Salvador's legal tender move may lead to a lot of undesired effects. What is legal tender? According to Merriam-webster, A legal tender is, "money that is legally valid for the payment of debts and that must be accepted for that purpose when offered." In short, A legal tender is an asset/payment system that the state forces on merchants through law. This practice naturally leads to problems but it leads to more problems with bitcoin given the shortcomings of the base layer of BTC. The problems of accepting BTC as legal tender Here are the major problems I see in adopting BTC as legal tender for a whole country. 1. Self-Custody is discouraged One of the famous sayings in the crypto space is, "Not your keys, Not coins." The intent of this phrase is to educate newcomers that if your coins are not spendable with the private keys that you have access to then they are not your coins at all. You are giving up custody of your cryptocurrency and you are possibly at the mercy of another entity that might or might not let you withdraw your cryptocurrency. These custodial solutions are not only encouraged by the BTC chain but they are necessary to use the BTC chain. Without those custodial solutions, BTC is simply dysfunctional for everyday payments. The average value of more than half of the daily payments that happen around the world is less than 10 USD. In comparison, the average fee for a single on-chain BTC transaction can get up to 20 USD. To avoid these huge fees on each transaction, users and merchants will be forced to use second-layer solutions like the lightning network. 2. The lightning network The lightning network is the much-hyped solution for the high fees and slow transaction confirmation problems of BTC. One of the big problems with the lightning network is that it mimics the existing financial system and takes away a lot of benefits that come from using a decentralized peer-to-peer cash system. For example, Payments in the lightning network can be censored while on-chain BTC payments cannot be censored. 3. Centralized custodial service may lead to fractional reserve systems When users don't have custody of their funds and when they are forced to trust a third-party service for holding their funds. The next step for the custodial institutions is usually to adopt a fractional reserve system. When such a system goes into practice most of the evils that come from the existing financial system will just continue as usual. https://read.cash/@cryptomusings/why-bitcoin-reserve-is-a-scam-and-how-it-benefits-bitcoin-cash-bafc0fb3 4. The risk to national sovereignty Since most of the economic activity of El Salvador is going to happen on the lightning network. The economy of a whole country is overly reliant on a software stack developed by a single company called Blockstream and the money has to go through financial companies that the country has no control over. This scenario poses a great threat to the national sovereignty of El Salvador. 5. Forcing merchants When something is a legal tender, merchants should accept it in exchange for goods or services. While forcing a whole country into using a product may seem appealing to some, this whole strategy can backfire when merchants face trouble when using it in real-world solutions. Lost funds, censored payments or losing money due to user error can be a few adverse events that may happen. These events may cause the merchant community to entirely close their eyes to other better working cryptocurrencies in the future. Why is it bad for cryptocurrencies? The above-mentioned flaws are very specific to the Bitcoin BTC version. The people of El Salvador may experience a completely different user experience if they adopt a different cryptocurrency. However, since they are going to be exposed to BTC with all its flaws first, they may dismiss cryptocurrencies altogether if this effort fails to gain traction. In conclusion, I believe encouraging merchants to voluntarily accept a cryptocurrency of their choice at their own risk is the right approach to prepare for a future that is full of possibilities.

Cheap transactions are necessary for any cryptocurrency. There are thousands of cryptocurrencies out there. Every one of them is focussing on a different niche. Regardless of the niche, there are few attributes that are very critical to a project's success. Of those attributes, I believe cheap transactions and reliability of transactions are the most important aspects to get right. How user onboarding works online Let us face it, the cryptocurrency industry is in its infancy. As of 2020, only less than 1% of the population of the world uses cryptocurrency. It is fair to say we need to onboard about 99% of the world's population because any currency becomes more valuable with more people use it to buy goods and services. If we were to learn user onboarding best practices from other online services that previously achieved more than a billion users, there are certain non-negotiable criteria a product has to meet to gain mass adoption. Best practices to make users try a new product Have you ever signed up for a new online service within 5 minutes by paying $200 with your credit card? Never happens right? Users don't want to be taken for a ride especially in an untrusted environment like the internet. Users are very accustomed to trying before buying online. This is why online services have free signup and free trial without requiring credit card information. The key to getting users to even think about using a cryptocurrency is to have a low commitment option. There were faucets in the early days of bitcoin where users can get a few bitcoins for free and send them across to get a taste for the product. Faucets are going away fast because of a few users abusing them. Now, projects like Bitcoin Cash have much more elegant low barrier to entry options like noise.cash where anyone with an email and internet connection can get a few cents or dollars of Bitcoin Cash just for posting a few words or lines of thoughtful content. Without this low barrier to entry option, any project can kiss goodbye to its ambitions of mass adoption. Even after getting the low barrier to entry option right, there are two key properties that a project needs to get absolutely right to achieve mass adoption. They are https://noise.cash/ Reliable transactions Cheap transactions Reliable transactions This one doesn't need more explanation. Why would anyone risk using something new to transfer their money when it is unreliable? cough cough lightning network. Every time I go to a bank I become very confident in the future of cryptocurrencies because of how unreliable and error-prone the traditional banking system is. Luckily, most cryptocurrencies got this part right. Most good projects can make a transaction without any error because of the nature of the blockchains. Cheap transactions When an online service has nailed the low barrier to entry option and the reliability of the product there is still one very critical component that can ruin everything. That is the transaction cost. Transaction costs add unnecessary friction to a transaction, **while transaction fees in cryptocurrencies cannot be eliminated, keeping them to the bare minimum is the only way to make transactions as frictionless as possible.** Cheap transactions are very important for user onboarding because of a very particular pattern of user behavior. **When a user feels committed enough to make an online transaction. They do it in increments.** First, they do it for a few dollars and see if everything is working as it should and then the user tries with a few slightly higher dollar amounts. Only after a product passes all these different stages in a user acquisition sequence he/she is willing to make a transaction for hundreds or thousands of dollars. This behavior pattern is possible with projects like Bitcoin cash BCH where the developer teams work hard to make the transactions cheap and reliable and sadly this behavior pattern is completely broken in projects like Bitcoin BTC because of the high fees for on-chain transactions and the unreliability of the lightning network. Bitcoin Cash passes these important tests These requirements are absolutely essential to gain the network effects necessary for a cryptocurrency to succeed. As a result of the hard work of the developers and promoters of the Bitcoin Cash network, Bitcoin Cash now has all three critical parts needed to onboard new users. The marketplace is starting to recognize the value of Bitcoin Cash and **the importance of cheap transactions**. Bitcoin cash recently became the second cryptocurrency in total dollar amount transferred only next to Bitcoin. Change is happening and it is happening fast. The future is going to be very bright for Bitcoin Cash because of its cheap and reliable transactions.

Which burger would you choose - Why you should care about cryptocurrencies Imagine there are two burgers, both of them are exactly the same. They look the same, they taste the same. There is only one difference if you eat one of them you support wars, theft and the death of innocent people including babies but if you eat the other one honest work gets rewarded and you help bring peace and prosperity to the whole world. Now, which burger would you choose? The answer is obvious, right? Most of you would choose the burger that doesn't facilitate stealing and wars. But what if I tell you, You are eating the burger that helps wage wars, kills innocent people and plunders the wealth of entire nations. As a matter of fact, you do it every single day, with every burger you eat, every essential item you buy and every single purchase you make with government-issued fiat currency. Confused? Let me explain. The choice is not between two burgers, there are no two burgers. The choice of payment you make to buy the burger makes all the difference. I will explain why buying a burger with the US dollar or the Euro feeds a different reality compared to buying a burger with a cryptocurrency like Bitcoin cash. A short explanation of how the fiat currency scam works Centuries before, the markets were using precious metals like gold and silver in exchange for goods of value. Due to the physical nature of gold and silver, merchants stored gold and silver in a vault and traded the vault receipts instead of physical gold and silver for ease of use. This practice gave rise to a new problem. Since the receipt of the vault operator is considered as good as gold, the vault operators can print as many receipts as they like and exchange them for things of value and print they did. The vault operators have found a way to leverage their trust to print unlimited amounts of free money for themselves. This practice was very common and whenever people try to claim all the gold from the vault, the vault operator will go bust. These were the exit scams before the digital age. This practice was so common and these vaults were essential parts to facilitate easy commerce, the governments needed to do something. Instead of ending this criminal practice, the government regulated it by limiting the number of extra receipts the vault operators can print. This system is called the fractional reserve system. Eventually, every custodian who issues gold receipts resorts to a similar course of action. The governments are no different. Long story short, government-issued currencies used to have gold reserves in the vault. This reserve requirement was completely eliminated by then US President Richard Nixon in 1971. Since the US dollar was the world reserve currency at that time, every currency in the world was disconnected from gold at the same time. https://youtu.be/4-cB1Z9qceI Now wait! let that sink in for a minute. Do you realize what just happened? People were trading gold receipts one day and they are trading paper as if they are gold receipts the next day. This enabled the governments to print as many currency units as they want. Do you realize the depth of the issue? While you have to work day in and day out all your life to earn those papers, someone else can just print them and buy stuff in the market because everyone in the market believes those papers are legitimate money. It feels so real because everyone else believes in the same scam. The problems cryptocurrencies like Bitcoin cash fixes As you may have realized by now, A fiat currency system comes with its inherent problems. We will take a look into some of the problems of the fiat money paradigm and how cryptocurrencies fix these problems. Theft by inflation As a result of government money printing, the price of goods and services increases. It is a simple concept, you made $100 by working and someone else made $500 by just printing it. When they use that $500 to buy the same stuff as you want. You are at a disadvantage because your money is worthless because now there is $500 in circulation which is created out of nowhere. Everyone working to earn their living is at a disadvantage because of government money printing and the resulting inflation. Cryptocurrencies don't have this problem because every project has a transparent supply. For example, Bitcoin cash has a maximum supply of 21 million coins and new coins enter circulation in a predictable manner. When you hold a certain amount of Bitcoin cash, you can be sure that your coins cannot be diluted by a sudden increase in supply. Power over the powerless When one very small portion of the population can get currency for free and others have to work hard to make a living, the minority that gets free money gains enormous power over those who have to work for a living. These elites can use that currency to make people do things that might not be possible if the elites can only spend what they earn. Endless wars When the governments want to wage war for some special interest, if they don't have the tool of money printing, they have to collect the funds from the people. You as a citizen have to give your hard-earned money to your government to bomb a country that you have nothing to do with. How many working-class people do you think will be happy to pay for such a system out of their pocket. War is not feasible if the governments have to rely on everyone giving their hard-earned money, people will soon realize it is a destructive activity. Therefore wars are funded by government money printing. If everyone is using a cryptocurrency like Bitcoin cash, governments or anybody for that matter cannot print more units of bitcoin cash. Everyone can only spend what they earn. This limits the government's ability to wage wars thus enabling peace all over the world. Decaying rights When the government can print money, they can create any number of government agencies and pay them to encroach more and more on individual's civil liberties. By working for the government-issued fiat, an individual is adding more fuel and legitimacy to the very system that is enslaving him more and more every day. Honest marketplace vs fantasy A trade is a beautiful thing, humans started from caves and ended up in highrise buildings because of our ability to trade. When the marketplace has a mix of earned money and free fantasy money. It distorts a lot of market signals. Only when market participants are trading in an environment that is free from the fake injection of currency, the transactions occurring in the marketplace can be considered legitimate and meaningful. Central banks were necessary but not any more This evil system managed to thrive for thousands of years because everyone needed a common trusted third party for frictionless transactions but not anymore. The eventual betrayal of trust by the trusted third party is baked in the cake but humans always went to a different trusted third party hoping that this time it will be different. This curse of humanity is gone with the invention of Bitcoin (Cash). **This time it is different** because this time the trusted third party is not an entity but **a system**. Humanity didn't have such a system to come to a consensus without a central authority before but now there is. Now it is time to throw out the central banks because they are no longer necessary. It is time to build back better. It is time to build a new world order under which every participant is treated the same and with no special rights. Choose the right burger If everyone started working for Bitcoin cash and started buying stuff only with Bitcoin cash today, all the wars, pandemics and special interests would disappear overnight. Most exchanges taking place in the market would be honest work where both parties in the trade gain more from the transaction. Remember, every time you choose to pay with fiat when there is a choice to pay with Bitcoin Cash. You are choosing war and suffering over peace and prosperity. You are signaling your choice to the marketplace. So, start paying with Bitcoin Cash or any decentralized cryptocurrency wherever possible. Start requesting your merchants to accept Bitcoin Cash. Educate as many people as you can. All of us have something to gain from a peaceful and prosperous world that is free from manipulations by fake power structures.

Store of value is chosen by the market Many crypto investors throw around the term "store of value". A lot of BItcoin enthusiasts claim Bitcoin is the best digital "store of value" and also they claim that the "market has spoken". In this article, We will look into what is a store of value and a brief history lesson on the different store of value assets over time. What is a store of value? A store of value is the function of an asset that can be saved, retrieved and exchanged at a later time, and be predictably useful when retrieved. More generally, a store of value is anything that retains purchasing power into the future. From https://en.wikipedia.org/wiki/Store_of_value In laymen's terms, A store of value is something you get to store the wealth/value you have now to exchange for something else at a later date usually after a few years or even decades. A Brief History of Store of Value Assets Historically there were many different assets in which people chose to store value. Some of those asset classes are used as a store of value to this day. Let us go over a few store of value asset classes that stood the test of time. **Government Bonds** The bond is debt-based security, when an entity issues a bond, the issuer owes the holders a debt and is obliged to pay the holders an interest or repayment of principal at a later date. Entities like governments and corporates issues bond and market participants store their value in these bonds because bonds are usually issued by a highly trustworthy entity with a very low chance of default. **Precious Metals** Precious metals are rare, naturally occurring metals. These rare metals were used as a store of value throughout history among different cultures. Gold and silver are the most common precious metals. Precious metals get their value because they are rare, easily divisible and verifiable. **Real Estate** Immovable properties like land, buildings and farmlands were always considered a good store of value. Since buildings and farmlands are tied to the essential human needs of food and shelter, real estate tends to be one of the very reliable store of value assets. Why timeframe is critical when studying store of value assets In ancient times, for a brief period of time salt was traded for gold. Since salt was an essential commodity and humans didn't get efficient at extracting salt from the ocean, salt was a rare commodity with high demand. During this brief period, one could have used salt or gold interchangeably as a store of value but over time salt became an abundant commodity and Gold still remains as a store of value after thousands of years. Someone could have stored their wealth as salt without any problems for a while but that strategy would not have worked for a longer time frame. Eventually gold won the store of value status because the properties associated with precious metals enabled gold to transfer wealth across generations. Source: https://www.ancient-origins.net/history-ancient-traditions/salt-trade-0011802 Store of value without the medium of exchange You may notice historically people used something that they can exchange for stuff also as a store of value. This raises the question that whether an asset can be a store of value without being a medium of exchange. This particular question is the center of the block size debate among Bitcoin small blockers and Bitcoin cash big blockers. So, let us take a look at the relationship between the store of value and medium of exchange. If you look at the definition of the store of value, it is essential that the asset needs to be exchanged at a later date. Exchangeability is something a store of value asset should inherently have. Think about it, why would you save something if you can't exchange it for something else later? Let us look into what Ludwig Von Mises has to say about the function of money and the store of value. Source: https://mises.org/wire/ludwig-von-mises-and-nature-money Bitcoin small block supporters argue that gold wasn't a good medium of exchange but it is still a good store of value but they fail to address that physical gold was primarily used as a medium of exchange before the fiat monetary system came into effect. as a matter of fact, exchanging physical gold that can be verified by both parties was the first form of decentralized peer-to-peer ~~electronic~~ cash. What Bitcoin pundits get wrong? To understand why so many bitcoin evangelists don't understand the concept of the store of value, we need to recall how an asset is classified as a store of value. Store of value is a function of the market and time. An asset has to withstand the test of time and has to withstand the painful elimination process by the market. Bitcoin may be the preferred store of value now but when market participants change their opinion on that, Bitcoin will decline like salt and other hundreds of intermediate store of value assets that came before. Those who say things like, "The market has spoken" and "Bitcoin is the store of value project", simply don't understand that nobody can set out to build a store of value project, if that is possible everyone would be trying to build one and become super-wealthy. Only the market chooses a store of value A store of value is chosen by the market after a lot of wasted capital and trial and error, there is no way around it. A store value status is a function of time and money. Only when market participants agree to store value in an asset over a long period of time and exchange that value successfully after a few decades or even centuries, we can agree that an asset class has achieved store of value status. Has the market decided on a digital store of value? The short answer is, no. It is too early to tell. By the very definition, A store of value has to hold value and should be able to exchange that value for stuff after a long period of time. Bitcoin has been around for just over a decade. Sure, Bitcoin has appreciated in value a lot. But increase in price isn't enough to conclude that Bitcoin is the digital store of value. The market participants will eventually agree on a **digital store of value** maybe after a few decades. Bitcoin has to survive the elimination process by the market to make it.

Satoshis on Sale The price of Bitcoin is the talk of the town. Everybody thinks if only they bought a few bitcoins at 2 dollars each they will be super rich by now. In this article, I will share my point of view on why you are not too late to the party and why you should get some satoshis to protect yourself in the future. You will need Cryptocurrencies Cryptocurrencies are not just another step in the evolution of money. It is a radically different form of money. I will not go into all the details about why cryptocurrencies are radically different in this article, instead, I will go over how cryptocurrencies, specifically Bitcoin Cash can be useful in securing your future. If you look back in history all fiat currencies (government-issued currency that isn't back by anything) go to zero, which means the currency's worth eventually goes down to the worth of the paper it is printed on and nothing more. There are thousands of fiat currencies throughout history, that ended up worthless. The currency issued by your government is no different. It is almost certain, it will end up worthless. Maybe you didn't expect a scenario like worldwide monetary collapse, but when it happens the whole society will lose trust in the currency issued by the government at the same time. In that case, you need something of value to carry out your daily transactions. When people start to look for alternatives, they can go for the time-tested store of value and medium of exchange like gold and silver or people can go for cryptocurrency because of their ease of storage, security and ability to transact over the internet. It is most likely not going to be one or the other, people are going to chose what fits their particular situation. The key is to acquire your preferred backup option **before** a crisis hits. Remember, the best time to buy insurance is before the house is on fire. Let us assume you chose cryptocurrencies as one of your backup options. When you want to dip your toes in the world of cryptocurrencies, you might want to acquire small dollar amounts first and then move in with bigger amounts when you are feeling more comfortable. When you are buying for a few dollars or a few hundred dollars you will not buy a full bitcoin or bitcoin cash, instead, you will buy satoshis. So what are satoshis? What is a Satoshi Each Bitcoin or Bitcoin Cash is divided into 100 million satoshis, A satoshi is like a cent whereas Bitcoin/Bitcoin Cash is like the dollar. Imagine Bitcoin and Bitcoin Cash like a dollar with 100 million cents. Refer to the below chart to get an even more clear picture. BTC Satoshis vs BCH Satoshis Until now, I was using Bitcoin and Bitcoin cash interchangeably because they share a common origin. However, the BTC version of Bitcoin is not focused on becoming cash that can be used to transact anymore. Bitcoin cash network is focused on making BCH satoshis widely and easily spendable. So for the rest of the article let us ignore BTC and focus on satoshis you can spend, which is Bitcoin Cash. Satoshis will appreciate in value Only a maximum of 21 million Bitcoin Cash will ever be created but let us forget about 21 million BCH for a moment. Let us focus on 1 Bitcoin Cash. 1 Bitcoin Cash contains 100 million satoshis. As of now, 546 is the minimum number of satoshis that can be spent. As of now after factoring in the transaction fees more than 100,000 transactions of value exchange can be made with 1 BCH. As Bitcoin Cash price increases, The minimum number of satoshis you can transact will be reduced and the transaction cost in terms of satoshis will also be reduced enabling you to make more and more transactions per BCH as the price goes higher. If Bitcoin Cash were to gain worldwide adoption for peer-to-peer payments, everyone has to use a part of the total supply which is 21,000,000. If 7 billion people were to divide the total supply equally, everyone should have 0.003 BCH (300,000 satoshis). The cost of 0.003 BCH is less than 2 USD today. Yes, You read that right, for the price of a coffee you can secure your future in case of a monetary collapse. All you need to do is act now and keep your seed phrase/private keys secure. Remember you will need them, so take the extra effort now to secure your future. Now, back to satoshis. Currently, BCH is very undervalued. For a price of a mobile phone in an underdeveloped country, You can buy 10 million satoshis of BCH (0.1 BCH @ $60). How the future may look? If the world monetary system collapses and cryptocurrencies emerge as a medium of transaction. The price of 1 bitcoin cash won't be the talk in our day-to-day life. It will be how many satoshis goods and services cost. The future of prices will be like, Coffee @ 21 Satoshis, NY to LA flight trip @ 12,000 Satoshis. The majority of the world population will never get to own a full Bitcoin cash and it is not necessary as well. Those who get in early will get a much more prosperous life at a bargain price. People will live their whole lives off of satoshis. What satoshis can buy in the future? It may be tough to visualize how the future may play out if you don't have a sound understanding of the financial concepts. So, I made a handy little picture so that anyone can see how the future may pan out. Should you just hold satoshis? If satoshis are going to be worth so much, doesn't it make sense to just hold them in your wallet without spending? Yes but no. You can be a part of the movement which makes bitcoin cash more useful as peer-to-peer electronic cash by earning, saving, spending and replacing your satoshis with more productive work. If you use satoshis instead of just holding, the value of bitcoin cash will appreciate faster as more and more people are brought into the economic loop. Always remember your satoshis are more valuable when they can be exchanged with more people for more goods and services! *Note: The illustrations in the articles are my own and you are free to use them however you like.* Lead Photo by **cottonbro** from **Pexels** https://www.pexels.com/@cottonbro?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels https://www.pexels.com/photo/person-holding-black-ceramic-teapot-3943716/?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels

Noise.Cash - Bitcoin Cash's Cryptokitties Moment When Ethereum launched in 2015 it was a radically new concept, while the crypto community was very optimistic about Ethereum's future as a platform to build decentralized applications (dApps), the general tech community was skeptical. Most regular users can not envision what Ethereum will become. The world witnessed Ethereum blow up in usage with the launch of cryptokitties and the crypto world changed forever. Is history repeating itself on Bitcoin Cash? Let us have a look! https://www.cryptokitties.co/ Introducing Noise.cash Noise.cash is a microblogging platform like Twitter with Bitcoin cash integrated deeply into the app. Users can share updates, reply to others, heart posts and tip other's posts. While these feature set may seem like just another social media platform, one huge differentiator is that tips are given directly on-chain with Bitcoin cash. The dopamine rush is real When users realize that the money is streaming in as they become more active on the platform, things start to get very real. It literally becomes an addictive loop that feeds on itself. Noise users openly admit that they are starting to check the app as soon as they wake up, a user habit only the likes of Facebook and Twitter were able to achieve. There is such a thing as free money The ability for anyone anywhere in the world to post what is on their mind and earn Bitcoin cash in a matter of few minutes is a game-changer. Users can then use the crypto they earned to donate for a cause, exchange for cash, exchange to their favorite crypto or hold till they 100x their earnings in dollar terms. The doors to the world of cryptocurrency are wide open for everyone who has access to a computer or a mobile phone with an internet connection. Zero barriers to entry The beautiful thing about noise.cash is that users don't have to own any cryptocurrency to join the platform or to participate. Only an email is needed to sign up for the service just like any other social media platform. The easiest way to onboard your friends to Bitcoin cash If you've been wondering, what is the best way to onboard your friends to Bitcoin cash or cryptocurrency in general. Then this is it. It doesn't get any better than this. Just ask your friends to signup and post short blurbs of meaningful text and they will see the money streaming in. Not surprisingly, noise.cash is becoming the first touchpoint of Bitcoin cash for regular internet users who did not have any prior experience with cryptocurrencies. Bitcoin cash transactions are skyrocketing As a result of huge activity in noise.cash, Bitcoin cash transactions are through the roof. According to coin.dance BCH transactions are shooting straight up because of the rapid value transfer happening between noise.cash users. Crypto users who were around 2017 remember the ridiculous idea of buying and selling virtual cats, as stupid as it may sound, it helped to put Ethereum on the map. Noise.cash is the cryptokitties moment of Bitcoin cash and the application is actually useful and engaging. **Number of daily transactions on BTC and BCH at the time of writing** Needless to say, Bitcoin missed out on the opportunity to be home to apps like noise.cash by pursuing the vision of digital gold over peer to peer digital currency. Mark my words, Bitcoin cash will see more daily transactions than Bitcoin in a few months and it will be only the beginning. Join in the action @ noise.cash Just remember to speak your heart out and not spam. Just add value, BCH will follow. https://noise.cash/ Special thanks to @MarcDeMesel for his generous donation.

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Bitcoin Cash is a Money Mailing Service If you've ever sent an email or a traditional paper mail through a postal service, you understand Bitcoin Cash. Let me explain. An email provider or a postal service charges you for the utility they provide to you as a consumer, not for the value they are transmitting. An email service charges for the number of bytes they transfer plus profit and postal service charges for the weight of the paper they transport across distance plus profit. If you are mailing a contract to buy a 100 bedroom mansion through FedEx, Imagine if FedEx charges you based on the percentage of the value they transfer and they take 3 bedrooms in your mansion. Imagine how absurd the world will look like. This is exactly how the financial sector works today. x% of Your Money is Mine Your money is the product of your labor, It is the direct representation of the value you created in the marketplace. As of now, most people can not transmit money across the internet without paying a percentage of their money to tax collectors like Visa, Mastercard, Banks and Remittance services. The Lost Dream Bitcoin is a paradigm shift in money transfer because it charges the sender based on the bytes of information they want to transmit over the network and not by the number of bitcoins they transfer. The transaction cost is dependent on bytes per transaction and not based on the amount of bitcoin sent. This is exactly why bitcoin users were able to send millions of dollars worth of bitcoins for pennies. After the block size was intentionally crippled by bitcoin core devs, low fee transactions are now a dream on bitcoin. The original promise of bitcoin has vanished and the speculators who are fixated on price don't care for anything other than making a profit. I won't be surprised when the base layer of bitcoin becomes unusable for payments and the second layer providers start charging for transactions based on the percentage of value transferred and not by the bytes. BCH - Bitcoin's dream Bitcoin Cash is the dream Bitcoin once was. Bitcoin Cash is the mailing service for money that charges for the utility of transmitting financial information across the network and to secure it. It doesn't want to be your middleman but it wants to be your enabler. It is this clarity in purpose of the community, makes me more bullish on Bitcoin Cash than ever.

Why Bitcoin Reserve Is A Scam and How It Benefits Bitcoin Cash Background Ever since humans started trading with each other, humans were searching for better and safer money. After thousands of years of trial and error, most civilizations settled on gold as a store of value and medium of exchange. However, there were practical difficulties in using gold as a medium of exchange. Carrying a bar of gold presents a new set of challenges. As a solution, merchants started storing gold in vaults and traded the receipt as claims to gold. Vault operators noticed an interesting phenomenon at this point. Almost no one is claiming the gold from the vault and everybody is trading the paper issued by vaults as if it is gold. Some nefarious vaults started taking advantage of this situation by creating receipts for their own spending, without any gold in the vault. Later, when governments started doing the same, it was organized by setting a reserve ratio. For example, In a gold reserve system, if the reserve ratio is 5%. Then vaults/banks can issue receipts for 20 units of the reserve asset to each unit actually in reserve. Components of the Reserve Asset System The different components needed for the reserve asset system to work are A hard asset agreed upon by the free market. The reserve asset should be inherently difficult to transact with. Because of the difficulty, the market participants are willing to give custody of the asset to a common trusted third party. The asset custodian may then choose to issue claims only for which they have a reserve or chose to issue more claims than they have on reserve. It is almost always the latter. How it Relates to Bitcoin and Bitcoin Cash After the invention of bitcoin, the difficulty to transact natively in the reserve asset just vanished. It was easy and cheap to transact in bitcoin up until 2015. Suddenly, there is an asset class that does not need a middleman. While this innovation is favorable for everyone involved in everyday commerce, merchants and consumers alike, cryptocurrencies pose the greatest danger to the current order of world commerce. If bitcoin is adopted by consumers and merchants then as a result the most powerful custodians and issuers of the previous reserve assets are simply irrelevant. Second Layer or Crutches? Interestingly, Around 2015 bitcoin developers started to limit the maximum block size, essentially making it an asset that will be inherently difficult to transact with. The solution for this deliberately created maximum base block size problem is second-layer solutions. Once transactions on the base layer reach a certain level of difficulty, market participants may be willing to give up custody of bitcoin to easily transact. In the process, many may forget that bitcoin was meant to be an easily transferable asset that didn't require its users to give up custody. Users may end up using a token the custodial service provided while the custodian claims to keep corresponding amounts of bitcoin in reserve. This way **bitcoin might end up being just a reserve asset** instead of both the store of value and means of exchange. In this scenario, the custodian will have too much control over the ecosystem. We should not forget Bitcoin was meant to be the **individual's reserve and asset** that can be transferred almost instantly and basically for free **without having to trust anyone**. Grim Future If enough users start transacting exclusively on the second layer then history may repeat itself. Soon, users may not be sending bitcoins but they might be sending lighting bolts backed by bitcoin, and maybe the issuers of second-layer tokens will choose to have bitcoin as a fractional reserve and issue 2000 lightning bolts for each bitcoin. Nothing changes. Business as usual. A Hopeful Future Foreseeing the direction bitcoin headed towards, a few developers decided to fork bitcoin and created the bitcoin cash chain. Bitcoin cash doesn't limit the block size of the base layer so bitcoin cash isn't in urgent need of custodial second-layer solutions to function, thus enabling users to keep the fruits of their labor to themselves without having to trust anyone. Grab the Popcorn Upcoming years are going to be deciding years for the future of cryptocurrencies. The market will choose either custodial solutions with all their inherent problems or it may finally break free from the shackles of centralized financial entities. Exciting times ahead.