A property that can't be seize, an asset that can be used.
A property that can't be seize, an asset that can be The currency that is the ultimate store of value. As long as you acquired your Bitcoin Cash in the correct way and you do your homework to really understand what Bitcoin BCH is you will realize the full idea of my title in this article.
Property that can't be seize.
Governments around the world are seizing properties in their territories the reason why is not important the result is the same, someone will lose their property because of government intervention. Bitcoin BCH can't be seize as long as you hold your private keys in a secure place and as long as you acquire your coins in a secure place as well. Exchanges are giving your data to your local government so in the future your government will seize your coins in the forms of taxes because you didn't do your homework and actually bought your coins the right way. You can buy Bitcoin BTC on exchanges but you must use a non kyc exchange to buy your BCH so that the government doesn't know you hold BCH, or even better use p2p exchanges.
Real state is seen as the ultimate store of value but if you watch the latest news from Israel you will notice that government is taking someone else's property to give it to someone else, you don't want that to happen to you, right? so if you have two real state properties and you are not getting any money from it sell it and buy BCH in a decentralized way, in the future BCH will be seen as the ultimate property because once hyperinflation sets in the government will tax those that own real state until your home goes back into the banks because you couldn't pay your property taxes.
If you have your riches in Bitcoin Cash you will know that if you bought your satoshis or earn your satoshis the right way without the need of centralized services you will be free to take advantage of the new economy, governments will print fiat to the end and so in the future commerce will be done with a peer to peer currency that works as such, because no one will be willing to pay 80% taxes in all their economic activities. Yeap, there are some rumors going around already that someone else in a place you don't know for a person you don't know but that will affect your everyday life, that person and his or hers sponsors want to tax you 80% of your cryptos, first it will be only cryptos, but as governments go crazy with the money printing every activity in the economy will be tax at that rate eventually once you count the hidden tax that inflation is.
The only way to protect yourself from unfair taxes is if you bought your assets in a peer to peer form, otherwise your exchange house will sell you out to your local government, and you will have to either comply or flee that territory. I have no problem paying taxes, taxes that are fair that is. Every government that has printed its currency to oblivion has implemented higher taxes on those who produce goods and services, and they all end up leaving because business can't thrive when thieves are in control of the market.
And asset that can be used.
Not only Bitcoin BCH is the best property because it can protect you from hyperinflation and unfair taxation, it is also an asset that can be use, unlike real state and many precious metals, Bitcoin BCH is an asset that you can take with your wherever you go, and as such it is an asset because you can take it from one place and pop up in another and your purchasing value follow you wherever you go. In the future governments will target that which has value and can't be move that easily, so precious metals could be confiscated and real state property taxes can be increase to the point your government takes your land. At this point BCH becomes an asset because you can move your location where the government is seizing your private property using taxes as a weapon to another location where that government has a strong economy because they have very low taxes and accept crypto payments as legal debt settlements tools.
The currency that is the ultimate store of value.
You will be able to use Bitcoin Cash very cheaply in term of cost of transactions today and in the future too, Bitcoin Cash developers are working and will continue to work to make BCH a functional peer to peer currency. Bitcoin BCH will protect you against direct seizure or confiscation and also unfair taxation as long as you acquire your satoshis in the right way, but it will also be the asset that can be used as property and as a currency all at the same time and for a very low cost, so the three aspects reinforce each other until it becomes the ultimate store of value.
Bitcoin Cash will make possible the freedom of humankind from the fiat currency elites, the transition won't be easy but once the ultimate goal is reach prices will be set in satoshi terms and as such wages and salaries will balance themselves out against goods and services, which means prices at your local store will be stable, and won't change every five minutes, but for that many years must pass first.
Bitcoin Cash will be the currency that will be use because it works as the white paper describes and because it can't be inflated away by governments and it has a total supply cap or limit of only 21 million coins, the limited supply will give your more fiat but the end result will be another gold standard but this time government currencies will have to peg their currencies to the Bitcoin BCH standard, and that's when store of value will be achieve.
Store of value in not because you are hoarding to sell tomorrow at a higher price that's speculation, store of value is because people realize they can use an asset today and tomorrow and a few years later and that asset won't lose its fundamental values, in other words Bitcoin Cash will be the ultimate store of value because users will know they can use it today as well as tomorrow and with a very low fee. And the fees will be low today as well as tomorrow too. To be the ultimate store of value you are always first currency and keep on being currency first even if store of value adoption is reach 100%.
The version of store of value of Bitcoin BTC is nothing more than speculation because they will not be that tomorrow. Tomorrow they will said they are the ultimate store of custodian services. Bitcoin BCH is the original Bitcoin because I am not wrong that Satoshi wrote: Bitcoin a peer to peer currency. I don't remember he saying Bitcoin an store of value system.
https://read.cash/@francis105d1/a-property-that-cant-be-seize-an-asset-that-can-be-used-fe1c3531
An asset that can't be stolen.
My mother was an old school woman and for what I can remember she always tried to give sound advice, the advice you should expect from every mother in the world, because this is their month I will dedicate his article to them, and I will honor the memory of mine by remember the sound advice that we once told me, son knowledge gotten through an education process can't never be stolen.
Right when she was alive cryptos didn't exist, not even close let alone she didn't even knew English, but she knew that in this world there is people who want that which is your effort and not theirs, and she knew that government is one of the thief that is looking for your hard earn money, she knew that in life you need something that others can't take away from you. And it is not only my mom that knew that it was on a way an old world common sense thing to know.
I am pretty sure your grandfather and grandmother told you that same thing when you were young, so old people knew that there are people trying to get what is rightfully yours, and yet knew generations seems to know nothing about this danger, I guess the government hasn't made a mass confiscation event just yet or it is getting better at so that the population doesn't get it.
Because the way or current monetary system works I guess government doesn't need to steal your gold any longer, they know that in the next money supply increase and decrease money supply you will end up losing everything you accumulated and you won't say anything because you will think it was just a market condition when in reality it is all by design and whatever else you managed to get they will take as capital gains taxes or some other kind of tax with different name.
Now politicians want even more money out of you, the last proposal want around 40% of your money, and some rumors say that the new money thing called crypto currencies should be taxed at 80%, I don't know about you but at some point someone is gonna have to say sorry but I don't comply because I hold no such thing, I am sorry uncle Sam but I hold zero nada of value for you to tax me. And your uncle will tell you that your aunt the exchange told him you do have some satoshis somewhere.
Well, at some point you will have to get better at hiding your wealth because governments around the world are doing a bad job at keeping the money supply low, every other government is printing money and giving bailouts here and there.
Old people knew the importance of having something no one else knew or had, and that could not be taken away, and they also knew that they need it money hidden away at their house so that they could spend it whenever they see fit not when a banker will see fit, it is just that in those days we didn't have computer and internet but the primary knowledge to understand such a fundamental necessary was here already since a very long time, not to mention old people like to save on gold and silver, and much of the third world saves on gold by way.
But now we have Bitcoin Cash which is better than gold, money hidden at the house, and it is a knowledge that if you wish you can take it to your grave. Because governments are seeking to steal your satoshis from online wallets, custodian wallets, and hardware wallets, the only place left for us is to save our private keys directly into our brains.
Memorizing a private key will be hard, but memorizing 12 seed words will be a lot easier, so remember if you want to have an extra layer of privacy start the process of memorizing your keys, and this is indeed a process, because you must make sure you don't forget your words, in my case I am in process of doing that, I have been for the last year, just memorizing my words without sending any money to it, just restoring my wallet every 3 months or so. So far I still remember my words every time but I will wait until is extremely necessary to use such a wallet.
https://read.cash/@francis105d1/an-asset-that-cant-be-stolen-7174592d
No comments:
Post a Comment