Bitcoin Cash: Redefining Storage Of Value with BCHBulls Protocol.
The notion that contributed to Bitcoin BTC's success among the uninformed is the narrative proclaiming it as a "store of value." However, this narrative is far from accurate; it more closely resembles a mimicry of a clown world. The idea that Bitcoin BTC serves as a store of value stems from the desire to dissuade users from utilizing the currency due to potential surges in transaction fees. Additionally, it is propagated to artificially inflate the price, taking advantage of individuals who neglect thorough research before making investment decisions.
Bitcoin Cash emerges as the ultimate store of value with the innovative CashTokens protocol, challenging the conventional narrative surrounding Bitcoin BTC.
The emphasis on Bitcoin BTC as a store of value is primarily aimed at maintaining low transaction fees and encouraging individuals to refrain from using their funds as a medium of exchange but rather treat it as a speculative asset. This narrative is rooted in speculation rather than genuine adoption. When individuals store their satoshis in self-custody or custodial services with the sole intention of selling to another investor in the future, it doesn't align with the traditional concept of a store of value. Instead, it reflects a speculative approach, relying on the anticipation of other speculators purchasing the asset down the line. This model, in my opinion, is not sustainable.
While some advocate for Lightning Network custodians as the solution, Bitcoin Cash stands firm in rejecting this notion. Instead, it introduces itself as the authentic protocol for value storage on the blockchain.
While some argue Bitcoin Cash has fallen out of favor and the BTC community advocates for embracing Lightning Network custodians as a form of real-world adoption—citing examples like nations operating on custodians such as ChivoWallet—I respectfully disagree. I propose introducing Bitcoin Cash as the authentic protocol for storing value on the chain. This alternative perspective challenges the notion that Lightning Network custodians should be universally accepted and underscores the viability of Bitcoin Cash as a reliable means for preserving value within the blockchain.
Maintaining a financial safety net is a prudent practice, and experts often recommend holding at least three months' worth of emergency reserves. This reserve serves as a buffer in the event of unforeseen circumstances leading to a loss of income. The idea is to set aside funds that may remain untouched for years until a need arises. For business owners, liquidity in the native currency is crucial for covering operational expenses and paying providers. Having reserves is particularly important for weathering challenging times within the community where the business operates.
Additionally, individuals residing in countries like Argentina or Venezuela, who wish to save in a stable currency such as the U.S. dollar, might find decentralized options appealing. This allows them to save without relying on third-party involvement, providing a secure and reliable means of preserving value in a decentralized manner.
BCHBulls provides a fiat-stable value without the need for third-party custodians. For those who have accumulated three months' worth of emergency expenses but lack trust in their local currency, converting fiat into Bitcoin Cash and utilizing the BCHBull protocol becomes a strategic move. Opening a BCHBull stabilizing contract for 30 days can yield returns between 1% to 5% or even more each month, ensuring the preservation of fiat value, regardless of Bitcoin Cash's price fluctuations.
Unlike the speculative nature of BTC's store of value narrative, BCHBulls offers stability without the need for constant price speculation. Additionally, BCHBulls allows users to speculate on-chain with up to 7.7x leverage, providing a versatile platform for users with varying risk appetites. Users can also opt for traditional speculation by holding BCH, acknowledging the future trend of self-custody and minimal fees.
In response to skeptics proclaiming Bitcoin Cash's defeat, I propose a practical approach. By placing funds into a stabilizing contract and extending it periodically, users can withstand market downturns. This strategy ensures that even if Bitcoin Cash's value drops significantly, the initial investment remains secure, maintaining its original fiat value.
Shouldn't make sense to place $1000 into a stabilizing contract and wait another 5 years and keep on extending the contract so that if Bitcoin Cash dumps to $1 you can still hold your $1000 value but far more Bitcoin Cash than with what you initially started with but same fiat value?
In conclusion, Bitcoin Cash, driven by the BCHBulls protocol, challenges the existing narrative and offers a pragmatic approach to value storage, emphasizing stability and practical utility over mere speculation.