Today I emptied my savings account and converted everything into bitcoin (bch). My savings are now anonymously contained in a cryptographic matrix. The best part is that I can access and spend them any time in any way I want without having to explain my intentions or needs to anyone. Although I still get most of my earnings in fiat, from now I plan to convert all monthly savings into bitcoin (bch). It took me 3 months to make this decision, and here is the full reasoning behind it.

When it comes to getting paid or paying for goods and services, I believe that Bitcoin (BCH) is the only monetary innovation that manages to solve all the issues other payment methods throughout history were created to address/mitigate. Government backed deposit banking, for example, spread in the 1600s to quell hyperinflation during the Thirty Years War in Europe because war had induced a debasement in the metallic currencies in use. In other words, the quantity of gold in coins kept being reduced as it changed hands. Trust in money evaporated. Banks solved this by accepting only coins that were verified upon being deposited not to be debased and then issued “bank money” for transactions. Deposit banks were the early precursors of modern central banks, whose role is to preserve a currency’s value across a specific economic trading area.

This means that when you decide to use US dollars, you are trusting that the Federal Reserve will do its job to “preserve” the value of the dollar. When you use Euros, you are trusting that the European Central Bank will preserve the value of your hard earned euros. And so on. The US dollar and Euro can be debased just like metallic coins, we users are simply trusting that CBs will not abuse their power to do so. But in the last decade alone Central Banks have abused this trust by engaging in quantitative easing (QE) programs. “Quantitative easing ” is the politically correct term for money printing. QE is debasing. Why is QE bad? Because freshly printed money (in government coffins) decreases the value of the hard earned money (in your pockets). Money is supposed to move from entity A to entity B only if entity B has a valuable service/skill to offer to entity A. Money is supposed to be an incentive for people and organisations to be productive. In a somewhat fair world, a government, just like the rest of us, must deliver an actual service to generate enough cash flow to cover for its expenses. These include good governance, due diligence, transparency, good policies etc. But QE creates moral hazard by giving governments access to cash even when they cannot earn it themselves. The rest of us has to earn the money we own. The government gets it straight from the printer. Is your dollar still worth 1 dollar after QE? No, and the lost value went straight to the government coffins. Not only that, but now you have to work even harder to earn that dollar stolen from you again. And, as the cycle repeats itself, citizens have to work harder and harder while representatives simply print it.

One bitcoin (bch), on the other hand, is and will always be one bitcoin (bch). No government can print bitcoin, if the government wants even 1 cent in bitcoin it will have to earn it. This already straightens a lot of things up. Now back to the now and here, why my businesses accept bitcoin (bch) and why I always ask “do you accept bitcoin (bch)?” wherever I go.

To start with, bitcoin (bch) payments leave no trace and anyone can pay me in bch. They can do this regardless of the amount and regardless of their nationality, country or age. They don’t even have to know who I am, nor do I have to know them. Nobody can block, audit or confiscate my bitcoins (bch). Our Banks can make “internal” decisions to ban us at any time and without notice. Cards are declined all the time. Paypal is notorious for suspending accounts. The government can always find out your foreign bank accounts and anything unreported triggers penalties. With bitcoin (bch) our money is our money. Everyone, government included, only sees what we show them. Our financial privacy is cryptographically protected. Transactions are instantaneous and fees are always negligible/null, regardless of the amounts in play. Paypal can charge you as much as 10% on micro transactions. Wire transfers can take days/weeks to go through. Cards/cash machines have limits of all sorts. Our own governments won’t let us invest/spend our money abroad through capital outflow restrictions. With bitcoin (bch) there are no boundaries and there is no friction. We can spend any amount of money, anywhere, at any time without having to answer to anyone except of our conscience. Bitcoin (bch) is a universal payment method. I travel quite frequently, and very often I get caught up in situations where I have to sacrifice 10–20% of my money because of commissions for forex exchange rates. With bitcoin (bch) there is no need to convert euros to koronas or us dollars to euros. Everyone understands bitcoin (bch). I always have 0 cash on me, and I’m not trusting a 3rd party with my money. All I need to access my funds is a security phrase and I can do it anonymously and instantaneously through any device connected to the internet.

Now try imagining a world where everyone accepts bitcoin (bch), where you are financially free, where you don’t have to report how much you own and nobody can find out unless you tell them. Isn’t that a world you want to live in?

Bitcoin (BCH): 1GHUdpfF1gwfaYMjAhTy3AmS7dFJjEcjR1