Is BCH on the move to take over?
The Bitcoin blockchain is currently bloated as all hell.
There are tons of unconfirmed transactions in the mempool, and only the highest fee transactions are being scooped up by miners. Bloat of this magnitude has only happened a few times before in 2017. On top of that, lots of folks seem to be taking their money elsewhere. Where, you ask. Well, to Bitcoin Cash.
"Bitcoin Jesus" (aka Roger Ver) favors Bitcoin Cash and it seems he's onto something. It currently stands at $1,140.00 dollars at the time of writing, and climbing. This morning my wife showed me that the trade volume was actually higher than that of Bitcoin.
I literally just right now got an instant message from an anarchist friend that read:
" I think the cashening is happening!"
Damn. I think it's time I moved some more funds over that way as well. A lot of folks have mocked Ver and the BCH people, but to me, I don't see what there is to make fun of. Satoshi Nakamoto himself was never against enlarging block size limits. At 8 MB per block, Bitcoin Cash is having no problems with its transactions, and its biggest cheerleader is an anti-government Voluntaryist who got me into the original Bitcoin in the first place.
Alright, enough said. Sign me up. Now how the hell do I trade some BTC for some BCH in the midst of this bloat fest?
~KafkA
Graham Smith is a Voluntaryist activist, creator, and peaceful parent residing in Niigata City, Japan. Graham runs the "Voluntary Japan" online initiative with a presence here on Steem, as well as Facebook and Twitter. (Hit me up so I can stop talking about myself in the third person!)
This is just an indication that the BCH has a strong team behind.
Printing money without cover is the same with Bitcoin and other currencies.If big players decide to tax Bitcoin, or to abolish it, then it will happen. It's just about exchanging paper money for software money. At the moment when full paper money is replaced, Bitcoin's value will stagnate, etc.
The revolution is a blockchain technology that brings us speed and storage of information. Now Bill Gates and Richard Branson have the main mines, it's the same thing again, decentralized centralization. For everyone to use crypts, there must be a story about anarchy, people, etc.
At one point, all data and currency users will have to work under the new laws. Then these same shadow rulers will have complete control over people. If there is no paper money, then you can not hide transactions, they can do what they want with you. As it says in the Bible, if they do not receive the mark of the beast, they will not be able to buy food.
My strategy is simple, I invest in crypts, I make money and buy land, real estate and tangible value. Great post, you inspired the best of me @ kafkanarchy84
Except it's very hard for the tax officers to get the 'fair' taxes of BTC holders.
So governments will try to ban crypto since they can't control it.
It has over 90% of black money, money is being washed out with bitcoin and other currencies. That's why it takes more people to believe in decentralization and national victory. It's simple, if I want to control the bills, the law is passed and all crypts with technical details are harmonized. Now is not the time for it, there are about 50 million users, it's very little still.
I definitely agree that the elimination of cash will result in massive state surveillance. I do not think, as some others do, that Bitcoin is a kind of revolution against the powers that be in and of itself. It is, however, superior to fiat currency in that it cannot be printed endlessly, making it a more sound store of value. As for the privacy aspect, coins like Monero and Bytecoin are entirely different from the openly readable ledger system of Bitcoin, etc.
So far, crypto has helped me to help others with no middle man or state in between. I like this. You are right, though, the state will co-opt and crack down. Like any technology, it can be used for good or ill. I like what you said about buying land and tangible wealth with your profits. This is the approach I am taking as well. Gold is always going to be gold, too, as far as we can see.
Thanks so much for the insightful comment.
Thanks a lot for amazing answer @kafkanarchy84 tip! 0.1
Hi @kafkanarchy84! @dobartim is sending you 0.1 SBD tip and @tipU upvote
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@tipU - send tips by writing tip! in the comment, get share of the service profit :)I think we should consider whether this coin has really enough power and community supporting it for the long term.
The development of a country depends upon several factors... Mainly the economy is the key ,which overpower upon all system.. In our country the concept of bitcoin cash is not familiar to all... A few knowledge I can gather only the help of you friend only... From my little concept, I want to give opinion about BCH, that it may be the world's best technology considering it's way of uses, it's fasted moving quality from world's one part to different part, and it's security... Wish the BCH can shine easily in the sky of economy.. I want to know more about bitcoin cash... Hope I will get to read more about such article further from all of you friend... Thanks for sharing such innovative article about blockchain... Resteemed..
Thanks so much. I'm still learning too.
You are most welcome friend!
You are most welcome friend!
nice post my friend, well i say yes that dead fork won't put good effect on bitcoin and many peoples holding bitcoins due to the hope to get B2X coins but now that opportunity is also gone and the momentum is slowly getting back to other cryptos, i think it's great time to take profit from bitcoins and great to get some BCH as well because BCH is looking to be on the move, Stay happy my friend and have a fantastic weekend ahead.
I agree. It's probably a good idea to make use of some BTC, but not deplete all of it, and focus on some other promising cryptos. You stay happy too, buddy, and have a great weekend as well.
Hello friend. Been following you on twitter for a while, you post alot of good stuff and im just now starting to get involved with the community. I think BCH is going to go bananas.
Hey there, @joevertigo. Thanks! Great to see you here.
You got trapped. Please look at this: https://pastebin.com/n0aGBMQr and notice the date!
Pretty interesting post
really helpfull & learning blog thx for share👌👌re-steem
Helpful for traders so much thanks
informative. lot of things need to learn & i am also afraid with this cryptocurreny world.
resteemed & upvoted.
@nzmithu