I was watching a video on how CS:GO ruined skin trading by enabling a 7 day trade hold on skins. This led me up the path of what makes a good currency. Certainly not by enacting a slow process to trade.

What does the above video remind you of with Bitcoin BTC?

Now onto what makes a good currency..

Money has taken on many different types throughout millennia: grains, wheels, rare stones and even livestock.

• Generally Accepted - Many people must accept the money as a settlement of debt. Without this the currency isn't as liquid. Many places all over the world are starting to accept cryptocurrency such as BCH. Check out map.bitcoin.com to see all the locations near you!

• Longevity - Its quality or value does not deteriorate over time. This is why we do not tend to use food products as money.

• Easily Divisible - If you divide the money in half, each half should be worth 50% of the whole. This is why we tend not to use diamonds or artwork as money. BCH is divisible down to the Satoshi which is 1/100,000,000 of a Bitcoin Cash.

• Stable & Consistent Value - The value needs to not fluctuate substantially over time. Anything that devalues quickly isn't a great currency. You can argue that cryptocurrencies are volatile, which they can be, but they are still better than other worldwide currencies due to Hyperinflation, such as the Venezuelan bolívar. 🇻🇪

• Easily Transportable - It is easy to move from one place to another. BCH is easily moved wallet to wallet via Electron Cash or any other trusted wallet.

• Scarcity - It is difficult to acquire. There are only 21,000,000 Bitcoin Cash. Therefore it is artificially capped. Check out local.bitcoin.com to buy from other people and avoid KYC.

• Easily Recognizable - It needs to be obvious what it is. Look out for [BCH] on your local exchange.

• Malleability - Recombining smaller bits into a larger bit more practical for use elsewhere again.

This is one of the main reasons why I am a heavy proponent of Bitcoin Cash [BCH] over Bitcoin. No longer is Bitcoin [BTC] useful for fast transactions. It is no better for buying things online than if I were to use my credit card, which is exactly what the current banking system wants from BTC. Sure BTC is secure and permission-less, but that is meaningless unless it is fast also.