Why did the death of the African American cause such a riot, and what are the reasons behind it?
On May 25, 2020, The black man who was "kneeled to death" by the policeman, named George Floyd, was 43 years old. He was the security guard of a restaurant. The restaurant owner described him as "polite and gentle. Treat others with courtesy," his family called him a "gentle giant." At the time of the incident, he was only suspected by a grocery store employee to “try to use a fake $20 bill”.
The United States itself is an immigrant country, and everyone comes from all corners of the world. There are African Americans, Latin Americans etc. Although the United States claims to be a society ruled by law, in real life, it wears colored glasses to treat blacks.
According to the "American Race 2019" report released by the Pew Research Center in the United States; nearly six adults believe that "the racial relations in the United States are very bad"; about two-thirds of the interviewees said black people were discriminated against when dealing with law enforcement and judicial authorities ; More than half of African-American respondents believe that "the United States cannot achieve racial equality."
In February 2020, when a black guy in Georgia, USA, went out for a run, he was shot and killed by a white father and son as "escape thieves", and local prosecutors considered them to be "self-defense".
In Minneapolis, there have also been many violent incidents of robbery, smashing shops, and burning buildings. The report said that one person was shot dead during the violence. According to the investigation results given by the police, the protester was shot by a shop owner during the protest and died directly. The police also revealed that the protests in other areas were relatively peaceful.
The protests in New York City are dangerous. Everyone knows that New York is the epicenter of the epidemic in the United States. At present, the protesters disregard the blockade ban, gather together and clashed with the police.
Since Trump took office, it has not been a day or two since he has spoken out. As a white man, and then as a tycoon with more than 100 million assets, he even advocates white priority. This has to some extent encouraged the arrogance of white people. It was not caused by this black man being "kneeled down" by the white policeman. This was just a fuse, which ignited the fireworks, which caused such a great anger. In fact, people have endured for a long time, and this racial discrimination It’s not two days a day, plus the epidemic situation during this period, people of different races are treated differently, and people’s living habits are also not saving money, so that people have no income and cannot live normally during the epidemic. Obviously The U.S. government represented by Trump did not pay attention to the practical difficulties of the people, and the emotions that people had accumulated for a long time erupted.
I hope this riot will end as soon as possible.Everyone in the United States, please pay attention to the safety of life and property and protect yourself and your family!
Advantages of Bitcoin Cash (BCH) in payment
Recently, a very interesting point of view has emerged within the BCH community. Some users are questioning whether BCH, as a digital asset with large price fluctuations, is suitable as a payment method. Of course, this is not a novel topic. As early as the Bitcoin community era, there has been controversy over the payment community. Admittedly, as a decentralized asset, BCH naturally conforms to the concept of free wealth. Based on the blockchain system, your property must be safe and cannot be controlled by any other third party, but at present, if you want to achieve world currency , Must meet 3 conditions: stable value, payment attributes, user recognition. This article will analyze whether BCH has the conditions to become a world currency from these three aspects.
**Value stability**
Currently, the development of digital currencies is at an early stage. Except for individual stable currencies, the price of all digital currencies fluctuates greatly. This is because unlike traditional stock exchanges, digital currencies such as BCH are available on all exchanges 7x24 Can trade. The characteristics of the T + 0 trading model and the absence of a daily limit system make the BCH price fluctuate greatly. This has caused great fluctuations in digital currencies. At the current stage, including BCH, all digital currencies have this attribute. At present, it is not mature to simply use digital currencies as a payment method. Globally, the concept of digital currency is still in its infancy and belongs to niche playthings. After the digital currency industry is more robust in the future, the BCH price will surely become more stable to facilitate value circulation.
In the current example of digital currency in the actual application of payment transactions, if it is not BCH's collection, then merchants will generally use the extremely convenient legal currency deposit and exchange venue at this stage to receive digital currency with large price fluctuations after receiving BCH. Replaced with fiat currency, so this transaction mode allows merchants to accept BCH regardless of price fluctuations in the short term, which is currently more common. But this process also involves a problem. The transaction process must be fast enough and the transaction fee must be low enough. This is the transaction throughput problem that we will discuss below.
**Payment attribute**
transaction throughput is the maximum number of transactions that BCH can accommodate, and it is also a type of payment attribute. Is the transaction fast enough and the cost low enough? Can the network support a large number of transactions? As mentioned above, the current payment scenario of digital currency has been mentioned. In this scenario, low rates and high timeliness must be maintained. If I bought a TV using digital currency today, and the transaction was completed 3 days later, the fluctuation of the currency price in 3 days is enough to generate a large difference, coupled with the high handling fee, it is slow, expensive and lossy to pay The method will certainly not be adopted.
For example, in the previous Steam, Steam accepted Bitcoin payment at first. At that time, Bitcoin transactions were fast, the commission was low enough, and merchants and users were happy to use Bitcoin. However, in 2017, the Bitcoin network was completely congested, and the Bitcoin community was divided into two. BCH and BTC were born. The BTC transaction fee that inherited most of the resources was as high as $ 20 each, and sometimes the transaction could be completed even after 1 week. When there is no congestion, it can process up to 3 transactions per second. This payment attribute is obviously unacceptable. Steam resolutely canceled the BTC payment option.
There are many merchants like Steam, such as Microsoft, Bitpay, etc. They either canceled the BTC payment or replaced it with BCH payment. In comparison, BCH transactions are quite convenient. So far, there has been no blockage. The rate has remained below $ 0.001 for a long time. Even in the stress test, more than 2 million transactions are faced in a day. BCH still maintains this low fee. Rate, the transaction can generally be completed within 1 hour. In the stress test on September 1 last year, BCH achieved the highest record in the currency circle. It processed 2.1 million transactions that day and processed 23.8 transactions per second. In the case of practical applications in the industry, this is the record with the highest actual transaction processing capacity. , Has not been broken so far. In the face of small payments that require instant transactions, the development team is developing the Avalanche protocol, which can realize zero-secure transactions that are absolutely secure without any risk. At present, BCH is being used on a large scale in Venezuela and other third world countries.
**To**
put it simply, user recognition is actually the most difficult and critical condition to achieve. If no user buys it, even if the product is easy to use, safe and stable, it will not help. For example, many altcoin ICO coins are often referred to as "million TPS". In fact, they are essentially gimmicks. But it has to be said that many so-called second- and third-generation blockchains use new technologies that change with each passing day to compare with the Bitcoin that was born ten years ago, and they do have many technical advantages. But BCH is still that BCH, and altcoins are always considered altcoins. Bitcoin Cash (BCH) has a historical block record of Bitcoin ten years ago, the same ledger, the same philosophy, the same vision, the miners and developers of the original Bitcoin community, all these tell us that BCH is that decade ago Bitcoin. This is why BCH has the world's most active community in the industry.
**Summary**
At this stage, BCH is the digital currency with the most payment attributes in the industry, but it is still a long way from the world-class transaction scale, and the BCH community still needs to continue its efforts.
@excitecontent
