Bitcoin Cash is a cryptocurrency despised by many.

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Avatar for francis105d1
1 year ago

Every time I get some satoshis in my wallet, I think it is incredible, but unfortunately, not everyone can do that. Many users worldwide are forced to use third parties to receive or send funds. Bitcoin was supposed to defeat the central banks. Instead, it is becoming one itself. And they are copying even the same tactic that central banks and governments have used to mislead the population.

The Bitcoin Cash whales don't even help in this fight because they are too busy trying to gain more fiat instead of letting their satoshis grow in price as the small investors do. It is essential to buy and hold because it is the only way to remove coins from the whales manipulating the market.

I am sure that BTC whales have been keeping the price low because they have been selling since the start, and that, together with the propaganda from Blockstream, has worked just fine for them on making the real Bitcoin BCH lose value over time. The only way to fight this will be to buy the lowest point and collect those satoshis until the market manipulators have no coins left to sell.

Bitcoin Cash has a great battle going on between those that want fractional reserve banking on Bitcoin and add up those who wish to become rich. Also, other altcoins favor Bitcoin as it is right now because those altcoins will lose once a Bitcoin that works that is not Core is recognized.

Do you think Litecoin holders would want to hear of a Bitcoin that is not Core, which is being recognized as the real Bitcoin and puts Litecoin on the list of redundant coins?

Do you think Ethereum holders would like to hear that a real Bitcoin works and can do everything ETH does and is much cheaper without waiting years for the supposed Ethereum 2.0m years to wait?

Bitcoin Cash is not supported by many because it makes their projects redundant or, I would say, repetitive and useless.

Bitcoin Cash is not trying to become just another centralized bank. It is an actual bank that will end up with all other banks, including Bitcoin Core banks, set already and even accepted as legal tender. When using Bitcoin Cash, you don't need any laws because you only need a user willing to make the payment and a person ready to depart with their satoshis.

Bitcoin Cash is the real currency that people without a bank need if they look for a bank that doesn't evaluate their holdings. Bitcoin Cash is the ultimate bank for the poor because you can be a bank with just as little as one penny. It has a limited supply, so your satoshis will continue to grow over time against fiat currencies, and it is an account that can be used by anyone with a phone and internet connection, in extreme cases, even with SMS and a feature phone.

Eventually, Bitcoin Cash will take over the world, bringing financial freedom to all humankind. Still, we must spread the usage and acceptance of bitcoin cash as a way to pay for transactions and educate the population on why they need Bitcoin Cash. Unfortunately, not many understand why you need a Bitcoin that works.

If hyperinflation hits your country, you will need a peer-to-peer currency that government can't print directly or indirectly. You will need money that doesn't have too many fees; otherwise, you will spend your wealth on expenses, only making someone else rich instead of getting your goods and services.

With Bitcoin Core, users will realize that they are only using custodian servicers or a glorified bank account and will recognize that their custodian is printing Bitcoin and giving it to them as if it was the real Bitcoin. If you don't make transactions on-chain, you can't verify that a miner printed your satoshis, and at that point, you are trusting a central entity not to print your satoshis out of thin air. Bitcoin Core BTC supporters support, promote, and use custodian services as if they were Bitcoin. The Bitcoin law in El Salvador is just the first step into forcing people to use fractional reserve Bitcoin or, even worst, printed Bitcoin.

Those holding Bitcoin Cash have the moral obligation to share what they know and prevent others from using custodian services as if they were the actual asset. It is what is happening to gold, there is more paper gold than solid gold metal going around, and the same thing is happening to silver.

It is how the fiat system ensures that limited supply assets never take over fiat, which has an unlimited supply. They print paper assets, and since people don't do their homework before buying, they buy the paper asset, which is worthless instead of the actual investment. The same will happen once everyone uses custodian bitcoin and every transaction is made through a custodian database. At this point, the custodian will be able to print Bitcoin.

Not your keys, not your cryptos, and that applies to all that hold their money with third parties. Hopefully, you will discover that before your custodian decides to claim a hacker stole your funds and ran with your money. Nexo is not a wallet. It is a service and, as such, a custodian.

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1 year ago

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For now, the only help i could give is to spread the benefits of using BCH. Sharing this content in my social media account.

$ 0.01
1 year ago

Bitcoin cash is a fear for banks because it's more convenient hope so people understand the worth of BCH Soon

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1 year ago

Eventually, everyone will only 1% of the population know about crypto, and once people come in mass, those same users will realize that BCH works just fine.

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1 year ago