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In this livestream & cryptoulog, we look at BCH & ReadCash.
ReadCash is a social-media platform that is content-driven. It has a reward distribution mechanism based on BCH (i.e. Bitcoin Cash) and one would quickly wonder how it can pull that off, considering that BCH and the Bitcoin Cash blockchain, like Bitcoin and BTC was modelled to cater primarily to the industry of 'financial services'.
Let us take a look at Read.cash then, a social-media platform that is admirably taking the path of rewarding users in BCH, to see how it has fared.
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No, that is not true. Bitcoin was developed to be independent of the financial industry so that people could transfer money without a trusted third party. Unfortunately, BTC has been degraded to a financial asset. It has become a stock.
Bitcoin Cash fortunately continues to fulfil the role of a payment instrument. With the help of Bitcoin Cash BCH, you can transfer money in seconds, almost for free, all over the world directly to the recipient, without the mediation of banks or other institutions.