C stands for... Cryptocurrency

For how many euro/dollars you invested in cryptocurrencies?
Most of you will say I do not buy Bitcoin, BCH or even Steem. About Bitcoin cash they say it is the crypto to use, not to invest in and to keep in the wallet. When someone starts with this phrase everyone starts saying it which feels a bit odd to me.

Do we really believe BCH is the key to our financial problem or are we copy-pasting the message -by now the BCH-slogan- because we feel obliged to say so? All heads need to be turned in the same direction right after all the place where we can receive that precious currency for free should be cherished.
If someone invests in us, rewards us, some loyalty is the right thing to do. Besides that if BCH isn't promoted, not many will invest and without investors no one will benefit from it.

Imagine what happens if we all give up on the same currency today. Those who invested in it sell it or swap it for another coi . This means the trust will be gone. There's plenty of choice by the way. All those (big) investors who sold their BCH could buy ETH, Steem, HOT or some other crypto with an attractive shortcut like ADA (sounds like a girl's name) or they massively invest in Monero because this currency is what cryptocurrencies should be about: anonymously which can be very important in the nearest future.

The great reset is a fact. The plans are unfolding. Worldwide countries are bankrupt because governments spent and keep spending money they don't have. Banks use 90% of people their bank accounts and talk many into loans they can't afford to pay off. What we know as money lost it's value.
Officially it can not even be called money because if it comes to the definition of money -six rules are set for what is allowed to be called money- the euro, USA dollar or any other currency doesn't follow these six rules. Printing extra money is not the answer to a financial crisis. A crisis governments worldwide created. I dare to say it is done on purpose.
If it comes to finances every 30-40 years a country has a new crisis, a new coin and financial system. Governments and banks are always bankrupt, broke and corrupt.

BCH may sound like a great solution but isn't the only one. To be honest I always wondered why so many currencies exist. Why not one coin for all? The idea behind the invention of Bitcoin (BTC) was already gone as more crypto lovers started investing and using it three years ago. If you invest in or use crypto you can be traced, you are not anonymous, you do leave a footprint behind. Your trace is saved on the blockchain forever. The kind of forever governments, dictators who love the Chinese social credit system are interested in. The system we all are heading to.

I wish I could use my cryptocurrencies for my groceries, to pay my rent and gas and electricity bill but I can't. In my country, hardly anyone accepts these payments. Not in Steem, Bitcoin Cash, Bitcoin, Ethereum or Monero. If shops, entrepreneurs don't accept it it's simple: BCH is not for spending, is not suitable to use in every country and personally I don't know how to change that.
I asked around. I asked several people with a business if it's possible to pay in Bitcoin cash but to most, it's too difficult -or complicated- to learn more about this new payment method. I thought all those lockdowns and extra time would be used well by the present entrepreneurs to invest in a new business model included with new paying methods after all that's what we are heading to anyway.

Although the Netherlands is called a western country, modern, we are limited if it comes to our payment methods.
The most wanted payment is the debit card and we are forced into online payments. Instead of a debit card, you can pay with your phone -switch NFC on- or with the chip implanted by a tattoo shop in your hand (strange since any doctor, vet or idiot can plant a chip). The wallet with cash changed into a plastic card, next smartphone followed by a chip.

If you no longer see, can touch currency you lose the value of it, will always be short and it doesn't matter with what you are paying. Euro, Dollar, Steem, Florin or Litecoin.
We pay with numbers or numbers behind the comma and lose track. How much Bitcoin cash do you pay for bread 0.0045 or 0.00045 or? Most people can hardly count and if bread is needed we pay whatever is asked.

"I don't understand the benefit of paying with cryptocurrencies," someone said to me lately, "nothing loses its value so fast as cryptocurrencies."

I can't deny that. It's true. The value of each cryptocurrency is measured in dollars or euros or whatever currency is used in the country you live. Today 1 BCH can be 600 euros and next day 300 euros only. If you don't need to use it to eat and invest it doesn't matter. If you spend it the price of bread increased by from one day to the next with 50%.

How does paying with cryptocurrencies work for you and me?
It only works if you get it for free but not if you need to buy it first. Buying already means paying a fee.
If I like to pay with cryptocurrencies I need to search for entrepreneurs online willing to accept it. They can not easily be found. They do not have a sign on their door, frequently they do not even mention it on their website. Another negative aspect is only very expensive items or services can be paid for it besides marijuana.

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The situation in real life in the Netherlands is like this:
Just the bank's debit card, NFC, chip in your hand or online payments in euros are accepted. No credit cards, cheques, cryptocurrencies. Soon no cash either. The beggars on the street will need a bank account and pin chip reader or better ask for food, gloves, a shirt or bread. Here each card reader is different and most card readers cannot even read a foreign card no matter if maestro is printed on it.

If you like to invest in cryptocurrencies you need a third person and to be registered.
Name, ID, address, bank account, social security number, photo, where the money comes from you invest and so on. If you give all your personal information it may be clear there is no anonymity. You are registered, they know you, can find you, watch you and check you out. Not only you as a person but they track your payments too and if they check you they do not give you your 'money'. This happened to me several times which means you do not receive it fast unless you call several hours till days fast.

Investing in cryptocurrencies sounds interesting but isn't easy either is spending it.
Most of us need a third party to change the investments into a currency we can use. We do not buy our groceries with Steem or Bitcoin cash but a different currency and lost our anonymity as soon as we needed to give our data to a stranger we know nothing about. Someone we need and who shares this info with banks, the government, the taxes department, the police or anyone who asks for it.

It's great to invest but I admit that I'm worried.
Worried because so many of us count on it because this cash helps us through the cold Winters in our life so we can afford to eat, buy a little extra while some can even buy a house with it. That's great but what will happen if our entire life depends on electricity and they shut us down, steal from us or close down all the accounts? Will there be a way to survive without electricity, online payments and digital currencies? Is there a personal plan B? Will we go back to paying with bricks, shells use ancient trading systems or go for a skill/task for a meal?

I hope there will be a future for cryptocurrencies. I hope all the benefits it once started with will be back including easier and more ways to adapt and use currencies. I'm sure this is possible since Monero does it and the governments are going to use that easier way to force the nation into their new payment system. A system where your account will be closed if you are a shopaholic, doctor, scientist, offend people, bought too much plastic, meat, medication, didn't keep social distance, are jobless, vulnerable, share 'crazy' ideas about one god, democracy, decentralisation, show interest in history, watch horror or sf-films, listen to music, drink lemonade or coffee, eat candies or refuse to be chipped.

To answer my question: i invest. I just need to figure out how it can benefit me or my children in the -nearest- future. I might set this as a goal for early 2022. The clock ticks.

See @team-ccc for the contest C stands for...

#kittywu #bch #cryptocurrency #investing #spending