Referring to the article:
https://read.cash/@laizz/btc-lightning-network-and-the-future-of-fiat-money-2d13c1cf
After the monetary influencers have purged BTC of critics and ended the development of BTC as an electronic cash system, they are reshaping the crippled BTC blockchain into a security that is sold to the unsuspecting cypto community as a pure store of value, in order to build a layer on top of it that is independent of the blockchain, which can then be used as a crypto-FIAT system. This layer is supposed to be a functioning lightning network or something similar, which is just presented everywhere as a great progress, but in the end is nothing more than a new form of FIAT Money, which will ultimately be under state control.
One problem with all this is the miners, who will earn less and less sooner or later, although they are the most important participants in the Bitcoin network, because only they ensure that the transactions work and the blockchain is secure. The enormous Hashpower, i.e. the security of the BTC Blockchain can only be maintained in the long run by an ever increasing BTC price due to its expansion as a means of payment and the accompanying exponential growth in BTC transactions.
For this to happen, however, the transactions must become increasingly attractive, i.e. cheaper, faster and more secure. But you don't see that with BTC, rather the opposite.
The whole Bitcoin system is built on the fact that it should be an electronic cash system. It is designed in such a way that Bitcoin becomes accepted as a means of payment, because it is faster, cheaper and more secure than anything else and thus more and more transactions take place, which then compensate for the miners both the decreasing block reward and the increasingly cheaper transaction fees, so that the pure mass of transactions and the ever growing network offers the miners enough incentive to secure the network. Just as it is clearly described in the original whitepaper by Satoshi Nakamoto.
And if you abandon this concept, Bitcoin loses the sustainability of its infrastructural structure and ultimately the self-sustaining mechanism that makes Bitcoin so secure. Of course, this process can be slowed down by inflating the Bitcoin price with FIAT, and by artificially increasing the price of transactions through dictated block size quotas. But this will only encourage the competition and every backyard coin already has a better technology than BTC. Today, BTC is already only a speculative object without meaningful application and is only kept alive by the dump and pump game of the FIAT whales, which the majority follows. And if whales only fart loud enough everyone farts too, no matter how much it stinks.
Even if BTC is celebrated everywhere as the king of cryptocurrencies, other cryptocurrencies arise, which also want to get something from the cake.
We can be curious how the state-financed monetary influencers will cope with this situation. In any case, they have the most expensive developers, an infinite amount of FIAT and state power on their side. However, they have logic and Satoshi Nakamotos Peer-to-Peer Electronic Cash System against them.
Just as it was an advantage for the monetary influencers to create their own BTC, it was a great advantage for the Satoshi Nakamoto advocates, that BTC has forked away from the concept of the Bitcoin whitepapwer, so they could continue to develop the Bitcoin blockchain as an electronic cash system undisturbed.
They may have lost the BTC ticker, but they won the Peer-to-Peer Electronic Cash System, and the BCH ticker is present on all major financial exchanges, ATMs and enjoys an ever-growing community of Businesses and Mercants.
BCH has shown enormous resistance and has not only been able to hold on despite 2 further forks and a hash war, but has also been able to develop extremely further. BCH has not only made transactions cheaper, but has responded to the needs of the market and added more useful features like privacy and functionality that Bitcoin didn't have before. Just as gold can be used not only as a payment instrument, but also to make jewelry and a lot of other things, the BCH blockchain now offers the possibility for smart contracts, assets and decentralized fianance in addition to the main payment function.
Not to mention that with cash.noise and cash.read, social media platforms are also emerging, generating more users for the BCH Blockchain and further increasing the number of useful applications. This can easily add up to exponential growth in the future. At the latest at the time when the parasites abolish cash by force, then one or even several cryptocurrencies will take its place.
Bitcoin Cash, Monero, Zcash and actually all cryptocurrencies that enable privacy will come into question.
Bitcoin Cash is the best candidate, because unlike the other cryptocurrencies, the BCH Blockchain is always ready for miners to switch from the BTC Blockchain immediately. By adapting the BCH blockchain to the needs of the market and not like BTC to the needs of some FIAT whales, more and more incentives will soon arise for miners to switch from BTC to BCH, which will inevitably happen once Crypto-FIAT is built on BTC.
i.e. the BCH Blockchain can generate enormous hashpower in a very short period of time and offer a robust and reliable cash system more securely than any other cryptocurrency. Moreover, Bitcoin Cash is not any altcoin, but the first cryptocurrency that everyone knows and that further develops the original peer-to-peer electronic cash system of Satoshi Nakamoto.
Of course, one can immediately argue that BCH has been losing more and more value compared to BTC since BTC forked. Meanwhile, it is less than 1% with a downward trend. But you have to keep in mind what price means and how a price comes about.
Price is not something objective, but is the subjective value that individuals see in a certain thing, and that the average user is willing to pay for a thing at the moment. But price is very volatile and the majority is not a good measure to judge the success of a project in the long run.
Because all present and past price information is based on the past, but the crucial valuation of an asset and the success of any investment is based on the future for which there are no prices but only possibilities and probabilities.
It is better to be too early than too late to recognize the end of an era, that is what opens the greatest profits for the investor.
