x
According to the Bitcoin Black white paper Bitcoin Black Cash intention is to be adopted for use as a p2p payment system which gives the power back to the people.
Bitcoin has failed at this, the true value comes from actual use of the ecosystem and giving power back to the people.Bitcoin transactions are slow and expensive, and it can be argued Bitcoin is somewhat centralized.
The main reason people participate in the bitcoin ecosystem is as price speculators to get rich quickly and ride the bull to the moon, putting away some Bitcoin in hope of $1,000,000 Bitcoin in years to come.
This is far from what cryptocurrency is intended for.
Bitcoin is in a cycle which will discourage people from cryptocurrency and remove the hope of cryptocurrency being an ecosystem for the people, making it seem like an enemy as the majority of people enter at the wrong time due to the media, in turn makes them hate Bitcoin and cryptocurrency in general.
Bitcoin takes power from the people as it's heavily manipulated and through cycles which discourages participants from cryptocurrency in general. Blockstream owns bitcoin and bitmain and affiliate mining pools control over 50% of the hashing power.
These two facts make Bitcoin worthless. (interms of being a decentralized alternative to Fiat currencies)
If distribution is done correctly, and only in this case cryptocurrency used as money can change the world. The intention isn't to get rich quick, it is to give the power back to the people and have a more efficient transfer of value, a more convenient payment system, a faster payment settlement, a way for a merchant to receive money with no need for a 3-rd party being involved, a way for local businesses to accept payment without fees, a way to pay your friend money , a way to transfer money across the globe without fees, a way to make payments simple, a way for people to have complete control of the
What the 1 minute video
Make sure you lock your VIP Founder spot ASAP and lock your 1 million coins for only $100<<==
Now you can buy BBC coins by using Ethereum And Litecoin as well as Bitcoin
You will see details on how to pay using ethereum and litecoin in checkout page !
Simply choose the currency you will like to pay i.e bitcoin , ethereum or litecoin and then follow instructions
Here is the direct linkm to get your 1 Million BBC Coins for only $100 today and become a founding member
https://bitcoinblack.cash/front/referral/QkJDMjQ3ODY3NQ
Maintaining at least 10% monthly growth rate. A p2p currency intended for world wide adoption must be fee free, instant and scalable. A focus on simplicity. Multilingualism execution. Foundations set up and managed correctly. Not allowing suppression and manipulation to enter. Community members involved without the intention to get rich quick overnight should understand the importance of the project and the need for it), should be aware it's about participation and improvement in the ecosystem (through education). Airdrop to be simple enough for everybody to get involved. Airdrop security to be strong enough to not allow an individual to claim multiple ttimes and completely eliminate the potential for mass abuse.
Mining creates centralization and needs to be eliminated completely. Companies behind the project are a weakness that need compliance with SEC and other government bodies to progress forward and have their natural growth which can be much more easily hindered and can not evolve as quickly as a decentralized community based project. In time many projects will come across new regulations that they need to comply with and this will halt their growth. Teams with large percentages of supply regardless of the technology cannot be a market leader. The solution to scaling (lightning network) will make bitcoin more of a banking ecosystem relying on commercialize lightning networks which will lead to further centralization Bitmain and affiliate mining pools control over 50% of the hashing power. Blocksteam should have no role in the core development of Bitcoin as it renders the concept useless.
Current blockchains simply don't scale. Bitcoin's solution is a lightning network which is years away from completion. With lightning network bitcoin will end up with large centralized hubs which will become commercial. They will be large expensive servers and act as banks do in our current flawed system of money. It will be reliant on a commercial 3rd party creating a centralized system.
A significant problem blockchains have in their current form, especially PoS and PoW, is they cannot scale without relying on a 3rd party. Each block in a blockchain can only store a limited amount of data, and also the confirmation time for a Bitcoin block confirmation can be lengthy.
Blockchain size is a huge issue and will become a greater issue as cryptocurrency grows. Price of storage space is not getting cheaper at the same rate blockchain size is growing, therefore it makes it more expensive to run nodes as time moves forward.
Bitcoin Black will be very light, even with billions of transactions, and anyone will be able to run a node because account balances are stored on the network rather than all transactions. When storing all transactions on the blockchain it is not possible to scale. Account chains with block lattice are a solution to this.
Bitcoin energy consumption and any alt-coin which is mined is inefficient and if mass adoption is reached it is a huge issue with cost.
Proof of work (PoW) uses an unnecessary amount of energy.
A p2p currency intended for world wide adoption must be fee free, instant and scalable. A 3rd party must not be needed for transactions to be successful. Fees must be completely eliminated. Timing must be instant. There must be no need for a 3-rd party involved in processing the transaction to complete it faster. Bitcoin black will be fee free and instant without the need for a 3rd party involved.
Distribution is the most important part of a currency.With distribution done correctly there shouldn't be any reason for the collapse of the currency.
Many individual users hold multiple addresses especially when they use multiple exchanges and cold wallets. As cryptocurrencies age, individuals move coins to different addresses for various reasons.
Bitcoin the top 1000 address's hold 50% of all coins (approximately)
Litecoin the top 500 address's hold 60% of all coins (approximately)
Doge the top 600 address's hold 60% of all coins (approximately)
EOS the top 10 addresses hold 50% of all coins (approximately)
IOTA top 10 address's hold 30% of all coins (approximately)
No one will know.
top 1000 addresses will hold 10% Bitcoin Black Cash top
10,000 addresses will hold 11% Bitcoin Black Cash
top 100,000 addresses will hold 12% Bitcoin Black Cash
top 1,000,000 addresses will hold 13%
The holders of the most coins will be 220 rewards bounty participants with the most referrals into Bitcoin Black. There will be a list of their addresses which can show their balances at any time, making it auditable and not possible for pump and dumps and manipulation
Participate today by becoming a partner https://bitcoinblack.cash/front/referral/QkJDMjQ3ODY3NQ
