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EnglishHow can BCH make economic sense and appreciate?

Please submit some useful economic thoughts or services that currently don't exist and could be built around it? Open to discussion and comments..

bistdufrei 3 months ago
    Tags:
  • Bitcoincash
  • Bch
  • Austrianeconomics
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Emmanuel mbachu 3 months ago
It came into my mind, this day that our world could be getting out of hand, in the development of automated tools. The revolution of automation has greatly increased the technological sector of the economy, and this is a.major advantage
But my people,if this continues to grow what will be the fate of our people (minors)?. How will there be a balance of wealth
Bulbul Ahmed 3 months ago
A new chapter has been added to our economy. Which has made us more dynamic. The development of the quality of life of the people is the development of the economy.
Earnplz 3 months ago
Just appreciate it.
Edi Santoso 3 months ago
When the cash currency declines, then to stabilize the economy, namely with digital currencies such as BCH
Bendang 3 months ago
Crypto currencies have widely been considered as an instrument to support the growth process in developing countries. This paper examines the impact of crypto currencies on individuals and businesses within developing countries. The intention is to show decision-makers the possibilities to use crypto currencies to decrease developmental barriers.Crypto currencies could provide a significant benefit by overcoming the lack of social trust and by increasing the access to financial services (Nakamoto, 2008) as they can be considered as a medium to support the growth process in developing countries by increasing financial inclusion, providing a better traceability of funds and to help people to escape poverty (Ammous, 2015).advantage of Bitcoin is that crypto currencies combine important properties to foster trust, such as accountability and transparency, which allows trust free interactions between counterparties. The underlying blockchain technology uses consensus mechanisms, hash functions and public and private key encryption to control transactions, which leads to the fact that the user does not have to trust the counterparty. However, the user must trust the network and the underlying blockchain. Thus, it is essential to secure the blockchain against fraud and attacks.
Jonas Gray 3 months ago
I think a big one is with how much fake money gets past around in the terms of banks and credit cards, our world is run with plastic and I believe it's not all real. The currencies we have now are old and have been forced into this new age of technology, where crypto lives and breathes through the internet. I may be worried for nothing but just 90 years ago the US stopped backing USD with gold and everyone sees the inflation we have today.
Elizabeth Owoh 3 months ago
Bitcoin Cash is a transactional cryptocurrency that may be used to make electronic cash payments. It's designed to be spent rather than stored as a store of value, in order to alleviate Bitcoin's apparent scalability issue and give more utility in everyday life. The increased block size of BCH's native blockchain distinguishes it from BTC, making BCH transactions significantly faster and cheaper to process.
Elizabeth Owoh 3 months ago
Bitcoin Cash is settled utilizing a bigger square size (which is 4-8 times bigger than BTC, contingent upon the utilization of Segregated Witness) to deal with exchanges all the more rapidly.

These exchanges are fast enough that you could make an in and out retail buy with BCH (like some espresso), however in case you were making an enormous buy like a vehicle or a house, you could select a more slow, safer digital currency like BTC.

BCH and BTC, hence, satisfy various jobs. Only one out of every odd cryptographic money is a store of significant worth, and few out of every odd digital currency needs to handle information rapidly to work like a Mastercard exchange. It's a good idea to utilize various instruments for various errands — similar as utilizing a charge card for eatery feasting and a bank move to purchase a house.

Eventually, BCH is quicker and highlights lower preparing expenses than BTC, however is as yet utilized less much of the time as regular digital currency installments still can't seem to be broadly embraced. Over the long run, many accept that more noteworthy mindfulness and correlative mechanical enhancements and developments will prepare for BCH to fill in as an innovator in digital currency installments
Isaac Gomez 3 months ago
Using cryptocurrencies at the same level that money is used eventually leads us to an evolution in payment systems, but this is hindered if you use high volatility cryptocurrencies when you are just living a transition in this process, it causes confusion among people who do not know what cryptocurrencies are and generates uncontrolled, an optimal way to start this process of daily use of cryptocurrencies is with the stablecoin that its value is usually stable with the dollar which helps people assimilate better what they are or how they work.
kombiah muthupandi 3 months ago
cryptocurrency is in future all are known especially BCH is one of the main cryptocurrency growth mode in the world. as well BCH is a fork of bitcoin which takes into account more exchanges in each square. This takes into consideration below charges and quicker normal affirmation times.
mdreyad 3 months ago
It came into my mind, this day that our world could be getting out of hand, in the development of automated tools. The revolution of automation has greatly increased the technological sector of the economy, and this is a.major advantage But my people,if this continues to grow what will be the fate of our people (minors)?. How will there be a balance of wealth
VIDEL 3 months ago
Esto se debe en que en la actualidad posee aproximadamente una capitalización de mercado de $ 13,5 millardos con probabilidad de crecimiento. Por lo que hoy por hoy es una de las criptomonedas más populares. Se encuentra actualmente entre las 15 criptomonedas más grandes en términos de capitalización de mercado.
Sohail 3 months ago
Its a grate thing to b use of bch for groswth
Miss Mike 3 months ago
I hate to burst your bubbles, children, but the obtuseness and snobbery of the technocratic education is planetary in scale. This is a small star that is part of a galaxy which does a tsunami-sweep of immense proportions in surprising us when we get too big for our britches. Therefore, I suggest we slow down and not get ahead of ourselves in antogonizing the God of this universe in our rush to take what may not ours to give, at this time anyway. When we take a giant leap forward it should not be piecemeal. Let not the underdeveloped world take a backseat to the breathtaking transformation or we may have another episode of international piracy, privateering and smuggling we had in the 16th and 17th centuries among the excluded Jewish and North African communities. Or, the present day Latino communities south of the Rio Grand and North of the Amazon.
Larissa 3 months ago
It came into my mind, this day that our world could be getting out of hand, in the development of automated tools. The revolution of automation has greatly increased the technological sector of the economy, and this is a.major advantage
Wayne Bearden 3 months ago
It will as the price begins to appreciate
Miss Mike 3 months ago
As I was saying in the bitfortip article to Akane's question about 'smartbch' it would behoove the technocratic technically orientated company, such as Apple to add a more usable feature to the bitcoin banking sector that is in it's baby steps to give access to the smallest amounts of bitcoincash for small loan amounts, to make interest growth possible for the young and old possible even for youngsters who earn allowances or seniors with infinitesimal nest eggs. Similar to certain African and Indian loan banks that grew the housewife/widows independence-phenomena.
Selena Brown 3 months ago
The world is coming to end . It’s a must that all identity profiles are protected & when theses sites up that help me hurt people then it does the good people no good
Ravi Panchal 3 months ago
Bitcoin cash is a cryptocurrency created in August 2017, from a fork of Bitcoin. 1 Bitcoin Cash increased the size of blocks, allowing more transactions to be processed and improving scalability.
MillyWayne 3 months ago
It came into my mind, this day that our world could be getting out of hand, in the development of automated tools. The revolution of automation has greatly increased the technological sector of the economy, and this is a.major advantage
Rajat 3 months ago
The development of the quality of life of the people is the development of the economy.
Laabidi 3 months ago
A new chapter has been added to our economy. Which has made us more dynamic. The development of the quality of life of the people is the development of the economy.
Leslieforex 2 months ago
Cryptocurrency gains value if the demand for it is higher than the supply. When a cryptocurrency is useful, people want to own more of it, driving up the demand. Since people want to use it, they don't want to sell it. This means there is more demand than supply and the value increases.
Ebenezer Chijioke 2 months ago
just more investor more cooperation with more companies
RUBY VO 2 months ago
To answer your question, you need to have a deep dive understand about the BCH and its application.

1. What Is Bitcoin Cash and How Does it Differ from Bitcoin?
Bitcoin Cash (BCH) is a hard fork away from Bitcoin (BTC)

One main difference between Bitcoin and Bitcoin Cash is the size of the blocks on each chain.
Bitcoin Cash to process transactions at a much faster rate than Bitcoin.
it’s not as widely accepted as BTC, and is not as liquid.

2. What is BCH used for? BCH is a digital currency that can be used to complete transactions.

You can buy and sell goods and services, and use BCH as a medium of exchange.
Because of the speed at which BCH is processed, Bitcoin Cash could be used for everyday spending in a way that BTC, which is considered clunky by today’s standards.BCH fills can be used for daily purchases.It’s also used as a peer-to-peer system of sending money to others. You could send BCH to a friend, no matter where in the world they live, and the friend could use that BCH for transactions or convert it to their local currency.Finally, for those interested in cryptocurrency investing, BCH can be one way to diversify, and potentially add growth to, a portfolio.

3. Why was BCH created?.
Concerns about Bitcoin’s ability to scale began arising several years ago. As more people began using BTC, transactions took longer and longer to process. To address some of the issues surrounding scalability, a technology called Segregated Witness (SegWit) was added to Bitcoin. SegWit moved signature verification to an extended block so that each block could be processed faster.

However, some of the developers and miners associated with BTC didn’t think that SegWit was the right approach. Instead, they created their own protocol using Bitcoin blockchain technology and increased the block size. This resulted in transactions that were processed faster at a reduced cost. Developers also didn’t like the lack of transparency involved in the adoption of SegWit technology and thought that creating a hard fork would lead to greater decentralization and democratization of the currency.

In the end, the idea was to improve scalability while also following the vision laid out by blockchain pioneer Satoshi Nakamoto, the anonymous party behind a whitepaper that kicked off the age of cryptocurrencies. The future of Bitcoin is still a matter of debate. Bitcoin Cash's hard fork, Bitcoin SV, is gaining some popularity.

4. How does BCH work?. Bitcoin Cash works like other currency transactions that take place using Bitcoin blockchain technology.

In short, Bitcoin Cash (BCH) is a hard fork from the Bitcoin blockchain. It is a separate cryptocurrency from Bitcoin and it also has its own separate blockchain protocol. It’s possible to use BCH like any other cryptocurrency.

Useful link for your info: https://investorjunkie.com/investing/bitcoin-vs-bitcoin-cash/#is-bitcoin-cash-a-good-investment
John Downes 2 months ago
This is an essential read for those who believe cryptocurrencies will liberate the masses.
https://jacobinmag.com/2021/10/cryptocurrency-bitcoin-politics-treasury-central-bank-loans-monetary-policy/
oya 2 months ago
It’s easy fast and simple
oya 2 months ago
How can it get better from there?
Smartkeyz Kukubor 2 months ago
Bitcoin was meant to be a peer-to-peer cryptocurrency that was used for daily transactions. Over the years, as it gained mainstream traction and its price surged, Bitcoin became an investment vehicle instead of a currency. Its blockchain witnessed scalability issues because it could not handle the increased number of transactions. The confirmation time and fees for a transaction on bitcoin’s blockchain surged. This was mainly due to the 1MB block size limitation for bitcoin. Transactions queued up, waiting for confirmation, because blocks could not handle the increase in size for transactions.Bitcoin Cash proposes to resolve the situation by increasing the size of blocks to between 8 MB and 32 MB, thereby enabling the processing of more transactions per block. The average number of transactions per block on Bitcoin at the time Bitcoin Cash was proposed was between 1,000 and 1,500. The number of transactions on Bitcoin Cash’s blockchain during a stress test in Sep. 2018 surged to 25,000 per block
Amos 2 months ago
BCH should have more members on board by using rewards through the affiliate program
dannyseven77 2 months ago
Bitcoin Cash aims to be digital cash. for that to happen, it needs to be cheap and easily transferable.

When looking at the future appreciation it will need to beat out its main competitor Litecoin in order to be the leader in digital cash.

With the backing of Bitcoin, BCH stands to have a promising future in the digital cash space.

All the best, hope this helped in some way. Cheers.
dannyseven77 2 months ago
Bitcoin Cash aims to be digital cash. for that to happen, it needs to be cheap and easily transferable.

When looking at the future appreciation it will need to beat out its main competitor Litecoin in order to be the leader in digital cash.

With the backing of Bitcoin, BCH stands to have a promising future in the digital cash space.

All the best, hope this helped in some way. Cheers.
OPGamer 2 months ago
To be frank this crypto should give more features. The crypto with best feature stands 1st
troywilde 2 months ago
I personally think that crypto is going to replace physical currency due to being able to use it via debit card form these days.
troywilde 2 months ago
oh and crypto banks on the High street
Stuart Pennington 2 months ago
They can use bch as an extra program to making products of the industry
Rio21 2 months ago
The conclusion: When the cash currency declines, then to stabilize the economy, namely with digital currencies such as BCH
Apass blessing 2 months ago
When the cash currency declines, then to stabilize the economy, namely with digital currencies such as BCH
Champ 2 months ago
When the general world embraces it, it begins to make sense to everyone and value increases automatically.
Pedro Víctor Balderas Mejia 2 months ago
Like any currency or commercial good, its value is determined by supply and demand. The BCH can be seen as a property with value because there are people interested in buying them with currencies that circulate around the world, such as the dollar, for example. And this is what gives it value.
RICHARD MAISIBA 1 month ago
I believe that cryptocurrency is the answer to poverty in developing societies. Now that bitcoin mining is a reality, civil education about how to navigate the field of cryptocurrency is an added incentive to achieving personal and corporate goals. If you are a beginner, you may click here to start mining crypto! https://es.btcnewz.com/?ref=f4fdf33e7bf648c89531
Christian Mark 1 month ago
Cryptocurrencies have long been regarded as a tool to aid in the development of developing countries. The influence of crypto currencies on individuals and enterprises in developing nations is examined in this article. The goal is to demonstrate to decision-makers how crypto currency can be used to lower developmental hurdles. As a medium to support the growth process in developing countries by increasing financial inclusion, providing better traceability of funds, and helping people to escape poverty (Nakamoto, 2008), crypto currencies could provide a significant benefit by overcoming a lack of social trust and increasing access to financial services (Ammous, 2015). Bitcoin has the advantage that crypto currencies combine fundamental features that build trust, such as accountability and openness, allowing counterparties to communicate without fear of losing trust. To govern transactions, the underlying blockchain technology uses consensus methods, hash functions, and public and private key encryption, which leads to economic stability.
Christian Mark 1 month ago
Cryptocurrencies have long been regarded as a tool to aid in the development of developing countries. The influence of crypto currencies on individuals and enterprises in developing nations is examined in this article. The goal is to demonstrate to decision-makers how crypto currency can be used to lower developmental hurdles. As a medium to support the growth process in developing countries by increasing financial inclusion, providing better traceability of funds, and helping people to escape poverty (Nakamoto, 2008), crypto currencies could provide a significant benefit by overcoming a lack of social trust and increasing access to financial services (Ammous, 2015). Bitcoin has the advantage that crypto currencies combine fundamental features that build trust, such as accountability and openness, allowing counterparties to communicate without fear of losing trust. To govern transactions, the underlying blockchain technology uses consensus methods, hash functions, and public and private key encryption, which leads to economic stability.
Plume 1 month ago
This is a very good way... Is so dynamic
Ma.cristina p.cabales 1 month ago
The truth is bitcoinhave its own good price ringht now...but as you see only riches can afford it now.....we have so many currency and if its not can't equal for all....

Not all cant have it
Liora 4 weeks ago
Just appreciate it.