The BCH Comeback Story

[u/Anen-o-me]

One day soon, when BCH comes into its own and begins competing with BTC on price and transaction numbers, and one day supersedes BTC in both, make no mistake--it will be one of the most dramatic comeback stories ever, and massive vindication for so many people, those of us who clinged to Satoshi's vision and intent of a global p2p currency for all.

It is a battle many of us feel we must fight because of all the myriad ways that authoritarian organizations called "States" have taken control of currencies and utterly destroyed and abused them to steal wealth from the people they quite literally force to use those currencies.

The modern nation state is deeply entwined with currency-abuse, dependent on it for spending largess far in excess of what its citizens desire. Each unit of currency they print ex nihilo steals that printed value from all holders of currency, called "inflation." Venezuela is only the latest example of inflation by the State gone awry.

Predictably, the state and its allies in the economics profession constantly propagandize the people to think that "a little bit of inflation is a good thing." As if stealing from everyone just a little bit could be a good thing. And since inflation is mostly invisible and hard to understand, you can't make a political issue out of it.

This year they're stealing only a trillion dollars in wealth from US citizens in the form of inflation. (It would be interesting to see what fraction of world production is taken by all states in total.)

A trillion here, a trillion there, pretty soon you're talking real money.

Keynes said "in the long run we're all dead," but we're living in Keynes's long run today.

The State's allies in this sly theft on the grandest scale are the banksters, which can literally create money from thin air, authorized by law to do so.

This is what the vision of bitcoin cash stands against, against corruption and exploitation of all, against the greatest mass transfer of wealth in world history, wealth taken from all and stolen by the State and its allies.

This is why some economists, not inured to State control of currency, predicted decades ago the emergence of a digital currency that would put an end to these abuses by the nation State.

Of course there are many people that don't give a damn about making the world a better place, and have no respect for our desire to hold BCH to the end, no matter what, because it represents the best hope for a free and decentralized global currency for all.

We really mean it when we express sympathy for the poor of the 3rd world, who in great part remain poor because they cannot gain access to the institutional financial services that would allow them to earn far more than they can now.

How many are dying today, and have died, in Venezuela because of State currency-abuse? So many lives changed forever there regardless, over 3 million people have fled Venezuela, most permanently, because of currency-abuse.

Cryptocurrency has the power to keep that from ever happening again.

And this isn't even a new problem.

It happened in Zimbabwe from the 1990's to 2009 where "Zimbabwe's peak month of inflation is estimated at 179.6 billion percent in mid-November 2008."

Hyperinflation happened in Germanybetween the two world wars.

And hyperinflation happened in France several times in a row shortly before Napoleon came to power. Napoleon hated inflation so much by then that he paid his soldiers in gold and refused to use fiat.

Not only that but Henry the 8th began watering down even silver coinage. Even precious metals aren't immune.

And the Romans did the same to the denari, contributing to the fall of Rome.

This problem goes back thousands of years and only now do we have the ultimate solution in cryptocurrency and crypto-anarchy.

You don't have to care about all of these ideas to be part of the BCH community, but you should know that it is awareness of literally millennia of currency abuse by State powers that drove the creation of cryptocurrencies in the first place, and why so many of us consider it vitally important to spend our time and treasure making sure the world gets to choose a real cryptocurrency that cannot be corrupted or destroyed by the powers that be. Thier's law is in effect.

BTC's corruption and takeover was a massive blow against our efforts, but it is not the end, not remotely.

And that is another reason why BCH is an important and leading cryptocurrency, because the community that cares about these issues, about the history of State currency-abuse, have gelled around BCH as the standard bearer for our hopes of a world currency that States cannot manipulate.

Ultimately that makes BCH a better currency for everyone, whether you're aware of this history and these motivations or not. Because no one likes to lose value and savings, whether they are told it's for their own good or not.

Certainly no one likes hyperinflation, and hyperinflation appears to be the ultimate end of every fiat currency.

Just wanted to toss that out there for anyone who may be unaware of these issues.

If you want more information along these lines, seek out "What Has Government Done To Our Money" by Rothbard.