Cryptocurrency
Bitcoin Cash Independence Day 2022: 5th Anniversary — Better Than Ever!
Bitcoin Cash Celebrates!
Today, Bitcoin Cash celebrates its fifth anniversary.
As a brand, Bitcoin Cash first appeared in 2017. As a network, it is the continuation of the Bitcoin blockchain, tracing its lineage back to Bitcoin’s Genesis block.
On August 1st, 2017, the Bitcoin upgrade increased the blocksize limit following the vision of the whitepaper.
Bitcoin Cash is the upgraded version of Bitcoin, the P2P Electronic Cash system created by Satoshi Nakamoto in 2009.
Bitcoin was always magic internet money, covering all aspects money should have: means of exchange, unit of account, and store of value.
The digital cash revolution that started in 2008 with the release of the whitepaper moved forward with Bitcoin Cash to compete with the legacy financial system for global adoption as digital cash.
The Bitcoin That Works!
Bitcoin Cash preserves the financial revolution established in 2008 with the release of the whitepaper.
Before Bitcoin, nobody could consider possible money with no trusted third parties processing the transactions.
They considered money with no trusted third parties involved impossible.
Today Bitcoin Cash offers a quality network with robust characteristics (instant transactions and low fees) and censorship-resistant features.
With Bitcoin Cash, we can send money to anyone in the world with no one able to censor transactions, block accounts, or freeze accounts.
And the best part, we transact instantly, with low fees (less than $0.01).
Bitcoin Cash is our best bet on what is coming.
We often discuss CBDCs and explain the dangers that follow their implementation. The overwhelming majority of the global population doesn’t realize the radical shift of power CBDCs will bring and how state control is a fundamental feature of the new currency designed by Central Banks around the globe.
Since few only will listen to the “crypto-guys” regarding CBDCs, then perhaps the big man himself, Agustin Carstens (ex Central Banker), can explain it better:
In his speech Mr. Carstens underlines the use case of CBDCs for Central Banks:
- Total surveillance of transactions
- Absolute control of money
Notice, how the key-word “enforce” was also inserted in the speech.
Mark Baum: “I don’t get it. Why are they confessing?”
Danny Moses: “They’re not confessing.”
Porter Collins: “They’re bragging.”-Quote from: “The Big Short”
Central Banks decide our future: there will be no economic freedom for the masses.
Bitcoin Cash rises to the challenge and presents a whole new economic model delivering freedom from oppression. The oppression that exists today and anything else we are about to witness.
There are alternatives. Bitcoin Cash is probably the best one.
Happy 5th Anniversary
Bitcoin Cash is hope!
Under the current ominous macroeconomic situation Bitcoin Cash is the alternative to the failing fiat currencies, and the imposed integration of CBDCs in our economies.
Bitcoin Cash aims at global adoption, with a potential target group of billions of users.
With Bitcoin Cash, we discover a financial force presenting a ray of hope in these dark monetary times.
The permissionless nature and low fees (less than a penny) of Bitcoin Cash provide an alternative for when things with CBDCs go bad.
The 2008 scars of the economic disaster have still not healed in parts of the world.
To compete with CBDCs, we need permissionless digital cash that WORKS.
Happy 5th Anniversary, Bitcoin Cash!
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Originally published at https://read.cash.
