71% people of the world can't touch BTC

in LeoFinance4 years ago (edited)

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"Photo from unsplash"
Bitcoin is undoubtedly one of the best cryptocurrencies. Without it, it would never have been so popular. But if the purpose of making bitcoin had been in place for so long, another cryptocurrency called bitcoin cash would never have been born. After creating Bitcoin, Satoshi Nakamoto said, "Bitcoin can transfer money for a while without any fees if necessary." But we see the exact exception now.

Initially, Bitcoin Cash had 3 tags.

  1. Low transaction fees
  2. Fast transaction
  3. Decentralization

But even if everything is fine, after a while one tag is changed and 3 new tags are given.

  1. Decentralization
  2. Fast transaction
  3. High security.

As soon as they added high security, they removed the low transaction fees tag and reduced the transaction fees a lot. At present the transaction fee of Bitcoin is around $ 20. Which is increasing day by day, but not decreasing.

But you notice one thing. Suppose we have 100% people in the world. Of these, 10% live in remote areas. It is difficult to know whether those who have not yet touched the technology will be able to acquire the knowledge of digital transactions in the future. Now about the remaining 90% of the people. Currently 80% of people struggle to make $10 a day. Their daily earnings average is less than $10. They earn every day and with that they buy daily food. So how do they use Bitcoin with a $20 fee? In fact, Bitcoin will never reach them. Because they can't afford to buy and collect bitcoin with high fees. You see this reddit post.

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"screenshot from reddit"

Where a person buys $35 worth of bitcoin and transfers it to Binance wallet, he gets only $12. Doesn't he have enough reason to think Bitcoin is a scam?

Even then, some people will support Bitcoin. Open your eyes. Use low fee, fast transaction rich Hive, Hive token, CUB finance. Bitcoin Cash can also be a groundbreaking solution for you.

The decision is yours, open your eyes to have time and make the right decision.

Posted Using LeoFinance Beta

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I'm only afraid of the high charges.
But still bitcoin or bitcoin cash has made a lot of breakthrough, for me i don't see any scam in it. Just have to be careful with source or medium of transfer apps we use. Plus better analysis is very important.

You got my point. You are absolutely right!

Thanks dear.

You could also just use bitfinex or okcoin and transfer your Bitcoin too and from an exchange via lightning for cheaper than what BCH offers

Don’t compare with BitcoinCash 😄
It's altime provide cheaper and user halpful

Lol what’s cheaper than less than 1 satoshi? Bitcoin cash mining fees are way higher than that

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