Get on top of the news. We all need BCH for the future. The rise of digital government tyranny.

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1 year ago

Get on top of the news. We all need BCH for the future. The rise of digital government tyranny. I am sorry, I meant to say government currency.

The world is moving at an accelerated speed, and things are changing rapidly; around the world, every day, there is a new topic, and the crypto world is no exception to that. One of the most significant moves has been the creation of central government digital currencies in response to decentralized digital currencies like Bitcoin Cash and others.

One of those digital central banks that has generated a lot of chat online is the digital Yuan from China, which could spell trouble for the US Dollar and everyone in the world. China is a state that doesn't care about human rights, and it is essentially a totalitarian government, where freedom of speech is nonexistent for the regular citizen. Its economy is one of the biggest threats to liberty around the world.

If a digital Yuan is accepted worldwide more than the US dollar, you can bet those transactions will get recorded by China, and after a while, your government will ask for your data. But at least in this regard, we shouldn't worry because each state will create its digital currency to keep up with communist China's ideas. But what will not change is what digital money can do for governments.

Government digital currencies will mean an end to your liberties because every transaction will be recorded, and governments will have the ability to profile people according to their spending habits. Once everyone uses that system, it will be easier for governments to shut down non-conforming citizens. Digital currencies give gods like powers to governments because, with a push of a button, they can delete your money and your ability to survive in an economy that uses digital currencies.

Bitcoin Cash is a peer-to-peer currency, and it is decentralized. It is a better alternative to government-printed fiat or any digital government currency. Still, Bitcoin Cash and many cryptocurrencies lack one essential component adoption, and we need regular people to start using Bitcoin BCH as a currency so that they people protect the Bitcoin name from any government attack.

Once digital currencies as introduced to a locality, the government in charge of that territory will seek to destroy any competition. So we need mass adoption to protect decentralized digital currencies like Bitcoin BCH and others. The usage of BCH must be covered under freedom of speech because it is open source and under laws that govern the internet. After all, sending satoshis is just sending yet another email, but in this case, some numbers represent your free speech rights.

United States is testing digital currencies as I write this article. To protect the peer-to-peer vision of Satoshi Nakamoto, we need people to use, hold and transact with Bitcoin Cash. So that when regulators try to regulate peer-to-peer out of existence, the public has the incentive to say no, we don't like this regulation.

Two of the websites that have made a difference are noise cash and read cash both websites have allowed people to try out Bitcoin Cash as a peer-to-peer currency. In many third-world countries, it has been a life-changing event because people have been able to survive by sharing their ideas online, which will make us all more prosperous. After all, those users will recommend others, and with Bitcoin Cash, you can be on board with just as little as one penny.

That being said, noise cash made some changes in the minimum payout, which has resulted in a drop in total transactions, but that is not a problem. It only means Bitcoin Cash must create another ten like websites to create awareness of the Bitcoin Cash name and ticker BCH and generate new adoption. Noise and read cash cover written media and written media consumption, but we also need audio and video media creation and consumption. Enters GazeCash, a new video platform that uses BCH as a payment method to watch videos.

Bitcoin Cash community needs adoption before the regulators and lawmakers start to create laws that will destroy us as a currency.

So get on top of the news and follow the trends; digital government currencies are being created, researched, and tested. Meanwhile, governments continue to print baby print like there is no tomorrow, and you, the regular citizen, will pay the bill in the form of higher prices at the local grocery stores and gas stations.

The US Just Announced Plans to Test Five Digital Currencies.

https://interestingengineering.com/us-plans-to-test-digital-currencies-cryptocurrencies

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1 year ago

Comments

I am ready for your news to be revealed. I liked the news you presented in your article friend.

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1 year ago

It is old news already that has been happening since a long time ago.

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1 year ago