Nobel laureate Paul Krugman, for one, approved of the BCH path

Nobel Laureate Paul Krugman recently tweeted: “If a digital currency isn’t used for transactions, would you ever think it’s actually a currency?”

Nobel laureate Paul Krugman, for one, approved of the BCH path

Paul posted a screenshot of an article by Nathaniel Popper in the New York Times that reads something like: Digital tokens like Bitcoin and XRP were invented to make all transactions easier, but today, almost no one uses their digital currencies for transactions, except on the various virtual currency exchanges where people bet on their prices.

Mainstream economists have generally been negative about digital currencies, dismissing the new form of money as useless, impractical and worthless, most commonly described as a bubble. Take the economist, Paul, who happily declared that speculators would be wiped out when bitcoin plunged. More recently, he used Bitcoin and XRP to denounce the entire digital currency industry.

It’s true that convincing people to use digital money for shopping transactions is difficult, and that’s the problem most digital currencies face. XRP has spent more than $300 million to help companies use XRP, but the results have been poor. Ripple executives also want Ripple to be separated from XRP, but XRP is heavily dependent on Ripple, which makes it difficult for companies to adopt XRP as a corporate currency. Monrocoin was once popular in the dark web market due to its decentralization, scalability, and attention to privacy, but until now, it has only remained in the dark web. The same is true for the most valuable bitcoin, which, after nine years of development in the name of revolutionizing traditional financial institutions, is still being used by only a handful of people. In order to promote litecoin, the team also issued the slogan of “Bitgold, Litecoin silver” to bind bitcoin and let merchants accept themselves while accepting bitcoin. Unfortunately, some technical characteristics of litecoin payment channels make it difficult to provide users with smooth payment experience.

However, there is one cryptocurrency in the crypto community that shares Paul’s vision: Bitcoin Cash (BCH). That’s because BCH’s path from beginning to end has been around “how to make Bitcoin Cash the best money” in many ways.

First of all, BCH supporters agree with this point and have a strong consensus. For example, early Bitcoin evangelist Roger Ver recently tweeted: “Cheap deals are good, but secure deals are better, and BCH has both.”

Nobel Laureate Paul Krugman endorsed the BCH approach

In addition to Roger Ver, some prominent BCH supporters, such as Calvin Ayre, founder of online guessing site Bodog, and Craig Wright, boss of blockchain technology company nCHain, have made similar statements.

Second, the BCH development team is trying to do this. Since the birth of BCH, the development team of BCH has been improving and upgrading BCH to ensure that BCH can conduct safe, fast and reliable transactions. For example, the hard fork expansion and upgrade in May of this year directly raised the block trading cap, the PROPOSED UTXO certificate provides a solution to the storage problem of large blocks, and the upcoming stress test prepares the BCH for a large number of transactions in advance.

Finally, the support and advocacy of infrastructure providers. After nearly a year of development, BCH has made great progress in payment. A large number of wallet and payment service providers choose to add BCH to their products, such as Bitpay,Puese. IO, Coins. In addition, the number of institutions supporting BCH direct payment is also increasing, such as Dream Market, the largest dark web marketplace, and WooCommerce, the most popular e-commerce site. As a result of the above, the most immediate change is that BCH’s trading volume has been increasing rapidly, especially recently, BCH’s on-chain trading volume has more than doubled from the previous 17K to 42K, hitting a three-month high.

The rise of cryptocurrencies began with Bitcoin, which is used to improve the efficiency of transactions in the real world. Therefore, transactions should be the most fundamental purpose of all digital currencies. Of course, with the development of blockchain technology, there are various forms of token economy, but at present, the currency attribute should be the most important. In addition, it can be seen from the above evidence that BCH is the most suitable transaction currency among all the digital currencies at present, which is easier to be accepted by merchants and users.

Everyone is eager to realize the freedom of wealth through digital currency. Up to now, most of the people who enter the currency have not participated in the early bonus period of digital currency, and few people realize the freedom of wealth through digital currency. And Li Xiaolai is such a rich people through bitcoin, so Li Xiaolai became the guiding light in the eyes of investors, which also gave Li Xiaolai this flow network red pull the head of the opportunity, so they cut leek while scolding leek people silly money. In the recently exposed recording, Li Xiaoliai basically labeled the current mainstream currency as “garbage currency” almost without exception. However, BCH is one of the few mainstream currencies that has not been criticized, which also shows from the side that BCH is one of the few high-quality currencies.

“I thought I was just a lovely leeks, unexpectedly for a recording I became a silly X, bosses lied to my high flange, talk so ugly, investors, small white, retail, leek call I don’t deserve all these, originally I just a silly X”, don’t say I want to hold BCH, beware next smile li to at the same time.