There is a slogan circulating in the BCH circle: Let 1 billion people use BCH!
So how can BCH make it available to 1 billion people?
The main problems facing BCH now: I personally, I am a fan of BCH, I have tried to find ways to use BCH more, but to be honest, I do n’t really need to use BCH. As far as my personal daily life is concerned, where can I use digital currency, currently Both can be resolved with currency .
But real demand determines real value, and real value determines price. So what should we do with the road to trillions of market value of BCH?
I personally predict that according to the theory of minimum network effects, if the first 100,000 people can use BCH, a preliminary network effect will be formed, and 1 billion people will use BCH in the future .
Where are the first 100,000 people just now? Where is the real demand for digital currency?
I summarize in four words: cross-border, innovation, illegal, restricted .
1. Let's talk about cross-border first : the current cross-border transactions and cross-border transfers of fiat currencies are very inefficient. If it is fast, it will take a few days and weeks. At the minute level, this efficiency can be said to be very high, and BCH is launching zero confirmation, and then the efficiency will be higher.
Not only is trade, even if you are traveling abroad, studying abroad, you can not carry a lot of cash with you, and foreign exchange is also very troublesome, using digital currency can completely solve it.
These scenarios are the concentration camps for the real demand for digital currencies, and are the bases for the development of digital currencies. The future business volume will be very large.
2. Let's talk about innovation : If you want to allow traditional companies and merchants to accept digital currency, it may be more difficult to consider issues such as audience accuracy, laws, and compliance.
But for emerging companies, Internet companies, high-tech companies, and especially blockchain native companies, these companies should be the easiest to accept digital currencies.
A small win is a big win, and a small amount is a big trend. These companies are the spark of the widespread digital currency in the future.
3. Regarding illegal acts : such as drugs, gambling, etc., this is a bit awkward. It is these illegal acts that really have a strong and rigid need for digital currencies, and the anonymity of digital currencies also objectively facilitates illegal acts.
However, this point violates the law after all, and does not conform to the good public order and customs of the society. Therefore, we do not encourage this point, but it is also difficult to eliminate it.
4. Finally, talk about restrictions : In the current payment and settlement system with fiat currencies as the main body, many behaviors are restricted.
For example, P2P and equity payment acceptance payment systems are restricted. For example, some special industries need to go through many procedures to access the existing payment system. There are also restrictions on the amount of large transfers, such as the impact of exchange rates that are difficult to eliminate when cross-border payments and many more,
Where these fiat currency payments are restricted, it is also the main area of digital currency development.
The goal of digital currency is not to replace or compete with fiat currencies, but to make up for the deficiencies of fiat currencies and compete with fiat currencies where they lack competitiveness, thereby bringing greater convenience to society.
If you do a good job of the above four aspects, you will accumulate enough seed users for digital currency. I believe this number can exceed 100,000, and the subsequent network effects after 100,000 will allow users to exceed 1 billion.
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