Bitcoin BCH is a threat to the current status quo.

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Avatar for francis105d1
2 years ago

Those that know me in the real world know that I have been telling people to buy Bitcoin since or before 2015, and the reason is simple it is because in those days, Bitcoin was seen as an authentic peer to peer currency with a fixed supply that no longer is, and now it has become something else. I am telling my friend and family to buy Bitcoin Cash instead because it has a limited supply and works like a currency.

Bitcoin BCH has been Bitcoin since 2009 and was funded by Satoshi Nakamoto. Bitcoin BTC is the one that forked from the peer-to-peer idea, and its supporters have engaged in censorship to try to hide this fact and try to steal the Bitcoin name for themselves. Bitcoin BCH is the real peer-to-peer currency that I loved just before 2015, and it is now adding even more features, like smartBCH, which is to say that Bitcoin BCH is indeed programmable money, the real deal and the real Bitcoin.

Bitcoin BCH as a peer to peer currency is a threat to many people who are well invested in other things that Bitcoin was supposed to change, for example, exchanges they are saying store of value because they see the writing on the wall, that if people treat Bitcoin BCH as a currency soon after they will go out of business, after all, if it is a peer to peer why would you need exchanges in the future for. So please make no mistake when someone from Coinbase, Gemini, Circle, and any centralized exchange tells you they see Bitcoin as a store of value. They don't adopt Bitcoin BCH as a peer-to-peer currency because otherwise, we will put them out of business.

How peer to peer currency does that?

If it is peer-to-peer, that will mean that eventually, people will buy goods and services only in that asset. Finally, people will be willing to get paid and pay salaries in Bitcoin Cash itself, which will slowly put fiat exchanges out of business. Still, the result is the same, once you have a peer-to-peer economy, you don't need fiat exchanges, and that's the goal that Satoshi wanted a worldwide peer-to-peer currency.

Not only do fiat exchanges see peer to peer as a threat but also governments and banks. They will be the ones that will tell you first to use cryptos as a store of value because that will mean you will always exchange your cryptos for fiat, which in turn means the government and central banks can continue to print as if there was no tomorrow or until paper goes out of stock. Your local fiats will end, like all other fiat currencies, worthless.

Many altcoins will also be put out of business once people realize the only coin they need is Bitcoin. If Bitcoin works and you can use it cheaply as you did before 2015, you would not need many of the altcoins trying to be cheap currencies, some like LTC and others. If transactions are reasonable, you can use tools like cash fusion and coins shuffle because mixing your coins won't be expensive, and you will have privacy. Once again, you could also put privacy coins out of business with very cheap transactions, and zero-confirmation will be king again. Cryptos like nano,xrp, and other fast want-to-be currencies could also be put out of business by the peer-to-peer idea.

Zero confirmations are secure for transactions below $100. Once people realize that the only Bitcoin since 2009 is BCH, the miners, at some point, will move back into the BCH network and make zero conf secure again for transactions over $1000.

I am saying that the other coins don't have a purpose. What I am saying is that the utility of Bitcoin will be much more valuable than those altcoins today. Altcoins will always be created, and people have the right to gamble on them to get more fiat or accumulate for satoshis. After all, it is your money, so you also have the right to lose it all if you which to do that.

I am not trying to be a maxi. I am just trying to write logical things, and it is logical to think that if only Bitcoin existed, it would be capable of doing the things that many altcoins are doing today. Still, the market is the market, so altcoins will continue to be printed and attract investors.

I would recommend Bitcoin BCH as Bitcoin because it actually works and because also it doesn't compromise decentralization. Bitcoin Core compromises the network and the Bitcoin name by making custodian services a must to save on fees. Bitcoin Core supporters and many altcoins supporters want to give Bitcoin to banks in custodian services. Altcoins supporters want to do it so that they are not put out of business, and Bitcoin Satoshi Vision is trying to compromise the Bitcoin name by way of the nodes. Suppose you allow the nodes to create blocks beyond 32 Mb blocks. In that case, you will centralize the network to only a few nodes to run at more than 32 MB means that you need 100 TB HDDs that cost more than $3500 today, which will only allow you to 128 Mb blocks. Bitcoin SV wants a 1 Gb block today, which means that your node needs $10,000 in HDD alone today plus the hardware to run those blocks, centralizing the network today.

Bitcoin Core is trying to give the Bitcoin name to banks and governments by way of custodian services so that banks are not put out of business, and they can charge you a fee, and once many use custodian services only, they will be able to print Bitcoin at will; obviously, it will be the government who will give their blessing to banks to print Bitcoin. And Bitcoin SV is trying to provide the Bitcoin name to governments directly because with nodes costing $10,000 or more, only a few will own nodes which means that the government can visit those nodes operators and force them to either turn off the network or print Bitcoin in behalf of the government.

Bitcoin Cash is the only Bitcoin that doesn't compromise the nodes and the network to anyone because, at 32Mb blocks, anyone with a $250 HDD can run the blockchain software for the next ten years. In 10 years or so, you will be able to run 128Mb blocks cheaply again, and so in ten years or so, Bitcoin Cash can be upgraded to 128Mb blocks, and once again, decentralization won't be comprised.

Bitcoin BCH is, in my opinion, the real Bitcoin, and it has been under attack by those that stand to lose the most if the world adopts Bitcoin as a peer-to-peer currency, and it seems like the attack has been planned by central planers too. Let me explain: the Federal Reserve is not federal and is not a reserve. The wallet of Satoshi is not a wallet, and it is not the vision of Satoshi either. The signature of central planers is all over the place when attacking peer-to-peer invention.

And it is understandable peer to peer is what removes the money printing monopoly from governments. It is a peaceful movement that means that the government will be the only one implementing violence in the future. Gentle movements win in the end because they are more intelligent.

Turkey's government was banning peer-to-peer currency, but it won't restrict the trade of cryptocurrencies on exchanges. You should ask yourself, why is that? It is straightforward that centralized exchanges give your data to the government to collect capital gains. They can keep on printing money, but if you use your crypto as peer-to-peer, eventually, that fiat will be worthless with inflation. The regular citizen will see that so that he will change his currency, and once every citizen uses peer-to-peer, the money machine goes wrong.

But that's not the bad news when it comes to governments, they don't want competition when it comes to the issue of money, and they want to keep on printing without you having any other alternative. The government wants you in the fiat system, and if you lose purchasing power, that's not their problem. It is yours. They want to be able to help their friends with fiat printing while the regular citizen pays the price.

Central banks' digital currencies make the problem even worst because, at this point, the government can print as much as they want, and you can't withdraw from it. It will be easier for them to shut you down if you start to speak your mind, and they can track everything you do with such currency. Lastly, they can delete you from the system and take your money very quickly with just the push of a button.

Fiat currencies all will reach their intrinsic value, which is zero. Anyone holding those bills or digits in the case of digital currencies, those holding fiat will always end up broke and with nothing, and their wealth seized by inflation. In the future, you will need a peer-to-peer currency, and unfortunately, many won't see this coming. People will only realize what Venezuelans know now once inflation and hyperinflation are already here in the US. Venezuelans can't afford store of value transaction fees nor eth gas fees either. So the same will happen to Americans and many Europeans as well.

Bitcoin BCH has existed since 2009 as a peer-to-peer currency. In 2017, BTC forked into a speculation asset. Bitcoin continues but now as Bitcoin BCH.

Andrew Jackson knew the risks of central banks, and he worked to destroy them, just as Bitcoin BCH is trying to do today. Banks are corrupt institutions that benefit the wealthy at the expense of the regular citizen. When you see rich people saying Bitcoin is a store of value, it is just making sure the rich continue to benefit from the banks, nothing more, nothing less. And he warned us not to give power to central banks, and Bitcoin BCH is fighting the corrupt banks and their money printing.

And to end this article, the status quo and all its agents will fight Bitcoin BCH adoption with every weapon in the book, including price attacks like market manipulation utilizing naked shorting and probably even fake orders at centralized exchanges.

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2 years ago

Comments

Same as me, I've been telling my friends back then to buy Bitcoin before without knowing how useless it as a money. Now BTC is merely a digital gold and not reliable for payments.

$ 0.01
2 years ago

Have you tried LN? I have but it is a headache that continues it never ends

$ 0.00
2 years ago

Nah, never. I'm using crypto for decentralization and here's LN haha

$ 0.01
2 years ago

People don't mind those that like to have multiple coins, read and noise cash is not just about BCH. Pretty much all are welcome. At least, that is my experience so far otherwise, and I will let you know. And sometimes, I even write about BTC, and it seems the platform doesn't censor you just because of a particular opinion about BTC.

$ 0.00
2 years ago

Yup. It's great that the platforms doesn't censor users and accepts topic aside from BCH. Loved that it's also peer-to-peer.

$ 0.01
2 years ago

Hey my friend, have you read up on Andrew Jackson before you wrote this? It's not exactly the person you would want to associate yourself with, to be honest. You're namedropping the 7th President of the United States of America. A man that bears the bulk of the responsibility for the dislocation and extermination of most of the native Americans. He was also a proponent of and practitioner of slavery, owning over 150 slaves. He was a firm believer in Manifest Destiny, something that, to many people, is easily similar to the Nazi ideology of Lebensraum. I know it is not the main part of your article, but it stuck out to me and tbh. scared me a little.

$ 0.01
2 years ago

He was not a saint, but he was right about banks. No human being is a saint because we all carry evil within us, but he was right about banks, and that is why I used his words. And about the native thing that is a different topic.

$ 0.00
2 years ago

We really need to be careful about it, thank you for sharing this information about this planned attack about Bitcoin cash.

$ 0.01
2 years ago