The Last Stand Against The CBDC Crusade
Bitcoin Cash And Economic Freedom
Bitcoin fell from within in its BTC version.
Bitcoin developers curtailed the user experience and the freedom to transact, with high fees and a clogged network not fulfilling the criteria of money, while the Lightning Network in El Salvador is proving itself as the fiasco of the decade.
Bitcoin’s consensus was compromised, as all communication channels (the bitcoin forum, bitcoin.org, r/bitcoin) promoted stagnation, censored, and suppressed the side of the “big blockers” during the blocksize debate.
Nowadays, Central Banks are pulling out the champagne to celebrate the stagnation of Bitcoin (BTC) with Blockstream in command of developments.
Better alternatives to BTC emerge to prominence.
The 2017 Bitcoin fork generated two different versions of Bitcoin, and one of them, Bitcoin Cash, is there to keep the flame of Bitcoin alive.
Cryptocurrency is an unstoppable force.
As a response to the financial freedom it delivered to the masses, Central Banks deployed their new weapons of economic destruction: CBDCs. A modern authoritarian financial tool to further diminish economic freedom.
The Last Stand To Central Banks
In 2008, the world was trapped in a decaying financial establishment as prestigious banks were bankrupting, and billions in savings vanished.
To save Deutsche Bank, the EU sacrificed its own members’ prospects. Economies suffered as Ireland, Portugal, Italy, Cyprus, and Spain, although the one that was put at stake by Germany-lead EU and carried the burden was Greece (20% GDP reduction, 30% wages decline, and 20% unemployment within a decade).
Chancellor Merkel and her peers also laid the foundations for the next recession, the one we are about to witness. Taxpayers kept paying for dysfunctional banks as trillions of euros evaporated.
Within this devastating economic environment, one anonymous individual presented the solution to the collapsing fiat money system.
The name that bankers must not say out loud, Satoshi Nakamoto, offered an escape plan from the tyranny of centralized, inflating, and manipulated fiat.
With Bitcoin, Satoshi handed out the dream of global financial freedom.
By 2010, central banks discovered Bitcoin was already growing exponentially they set plans to tame its global rise.
The concept of decentralized digital cash scares central banks.
Empowering the European population was not the purpose of the euro.
Instead, ECB was the tool of the EU’s elite to manipulate the markets, inflate fiat and generate an inelastic secondary form of taxation for the middle and poor classes.
Since 2020, the ECB ignored the inflationary risk of its outrageous decisions, and as a result, a severe recession is looming in Europe today.
After an unprecedented 10% inflation, a sharp recession is unavoidable.
Closing Thoughts
Bitcoin Cash will remedy the economic effects of the upcoming disaster.
Central banks destroy economies, but today cryptocurrency build new ones.
I focused on the ECB, yet, the European Central Bank always follows the logic of the FED with a few months’ delay. Our interconnected economies face contagion risk by the erroneous decisions of our central banks.
Economists now predict a lengthy and severe recession is upon us.
However, we find alternatives that if adopted massively in a P2P economy model (with merchant and user adoption), will sustain a great value during a recession and a possible severe tech stock crash.
The most acceptable alternative is Bitcoin Cash, with ECB correctly identifying that Bitcoin in its BTC version is unusable as money and speculative as an investment.
Maybe Blockstream’s decisions crippled Bitcoin’s potential in its BTC form, but Bitcoin Cash was unleashed by the people and for the people. A new and better P2P electronic form of digital cash, permissionless and user-friendly to serve global adoption.
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