Part 1: What is SmartCash

Hello guys, the article today is made to help you understand what SmartCash is without the use of technical terms and eventually help you to decide why you should invest in it. Our first topic to this short series Part1: What is SmartCash?

I almost forgot, before we proceed, I want you too forget all the things you know about Bitcoin and Cryptocurrencies. Because most of Crypto enthusiast and investor are not a good preacher. They often use technical terms that create confusions (moon, hodl, bears, bulls candles hahaha). So I like to get this opportunity for a fresh Start.

What the heck is SmartCash?

In my opinion, answering this question is not a good start. It's because to explain what SmartCash is, in the first place we need to learn why this project was created. And the answer there lies with what we known as centralized governance.

WTF is a centralized governance?

You're actually familiar with that term than what you think. The best way to explain a centralized governance is through these example, the "BANKS".

When you going to the local bank to deposit you're hard earn money, you have to trust the system (centralized governance) that it will properly track and safely keep all your transactions.

But what if the system failed or bandits take all the money in the vault? Sure you have that shit piece of paper, but what if you accidentally lost it. Or even worst, the bank denies that shit bundle of paper or declare it isn’t valid even if you know it is?

You're literally fuck off, the system you trust for you're wealth is a "centralized system" running under the mercy of central government. Sure we have rule of law, but still at the end of the day you are at the mercy of having to trust the centralized system.

Another good example, you're buying a piece of land and one of the most important thing you need to secure or look at is the Land Title. The document stating all the information of property.

But what if it is fake, how do you know it was the authentic document? Sure, there are records in the Registry of Deeds and Land Registration (Centralized Governance) but what if that one title has been distributed to different people?

I now assuming you're getting a little understanding with centralized governance, that you are always left at the mercy of having to trust a system that the record are all correct.

Now lets proceed to our next destination, "entering decentralization".

Decentralized governance defines as instead of having all decision or record is made by single person or keep in single database, it will be decided by every member or keep across infinite server, respective without being control by single entity.

How it works with decentralized system or governance?

Bank deposit for example, you deposited you're money on your bank account. Instead of only one bank teller acknowledge you with a piece of paper, it would get verified by infinite parties. And each verification is indeed independent and unique. It will broadcast to the public, anyone can validate it and it never be faked, altered or changed.

So how it will relate back to SmartCash?

Firstly, it's running on a decentralized database and govern by the people.

Second, SmartCash is a currency as dollar, you have heard it many times before.

Third, SmartCash is digital. Also nothing new and not a big deal, just like you're money in your online banking, or invested stock. Therefore, when you're very familiar with it than what you think. SmartCash is just another currency.

What so special with SmartCash?

The most important quality of a SmartCash, is that it operates on top of decentralized governance. Let me explain further why SmartCash is a big deal.

First, you can't fake even a single SmartCash. Every transaction is verified on it's decentralized data base. Therefore, if you wish to create a fake SmartCash, you have to fake all the transaction from the day one.

Second, you never devalue SmartCash. By nature and everyone know that our existing financial system is inflationary. Meaning every year, it loses it's value. If you're unfamiliar how government created a new money, they just print it every year.

SmartCash on the other side has a limit on how many will only created, when it is going to be create. It means, SmartCash is deflationary currency. Meaning as time pass, it's value is expected to higher. (Law of supply and demand).

Third, no can trace, hold, freeze or take SmartCash from you. Not even the goverment or bank. I know you have enough knowledge on how the government freeze, hold or take away money from it's citizen and it's nothing new. And you never have a choice but to surrender it.

With SmartCash, now you have the choice to be your own bank. Nothing to worry with the authority it's untraceable unlike bitcoin and other cryptocurrencies.

For that first three reasons, SmartCash sound a perfect currency isn't it. What if I told you I have found hundreds of good reason why I get into SmartCash. I know SmartCash is still on it's development phase and has a long way to go both applications and technology.

But now that you've got an idea and understand what is SmartCash? It's a untraceable cryptocurrency, on top of decentralized database and governance.

Where to buy SmartCash

Currently on:
stocks.exchange
HitBTC
CoinExchange.io
LocalBitcoinCash.org
monkeycoin
CryptoBridge

And if you want to learn more amazing things about SmartCash, kindly visit link below;

Website:
https://smartcash.cc/

Official Wallet :
https://smartcash.cc/wallets/

SmartRewards Guide :
https://forum.smartcash.cc/t/smartrewards-guide/125

Mining Pool :
http://pool.smartcash.cc/

Mining Guide :
https://steemit.com/smartcash/@hockleyj/smartcash-mining-on-pool-a-visual-guide-on-how-to-set-it-up

Discord Channel:
https://discordapp.com/invite/BDUh8jr

Help us bring SmartCash to Binance

I am politely asked you to vote for SmartCash at https://www.binance.com/vote.html


Every person who votes for SmartCASH will receive 10 SMART in return. To get rewarded you need to fill out this form:
https://docs.google.com/forms/d/e/1FAIpQLSfTu-F6yvsRk-26zd6yfeFiq6dwCz8OZI6v8jsFFWaz5hYP3A/viewform