Tuesday, 29 October 2019

What's a critical public problem that BCH can solve?

I'm interested to hear your opinions.

Obviously cash is the killer app, however at this stage, BCH isn't anywhere close to being recognized as cash by the general public. At least, in the United States. I know there is good adoption happening elsewhere, but still a small percentage of the world is even involved in BTC let alone crypto. And BCH is just ~3% of BTC...

Until real issues start occurring with the world fiat currencies, BCH still needs to be valuable. When it's valuable, it's mined.

Does a micropayment-powered Reddit/Twitter alternative catch public attention? It's a good place for censorship-resistant, permanently-stored conversations. But it is mostly the BCH community talking there. Has anybody been onboarded to BCH via Memo.cash?

CoinText is a huge component of the ideal adoption strategy in my opinion, since it can reach via SMS, thus it includes many more people than smartphone wallets alone. But again, until fiat crises begin, how much incentive does the potential CoinText user have to use it over what they currently use? Plus, as great as CoinText is, it's still clunky, based on the last time I used it a few weeks ago. It's fast, but a lil clunky. Maybe needs a UI overlay?

SLP could also be a great way for companies/small business to easily create a token that they manage and credit/debit their customers using them, thus backing those tokens with their energy. Basically use SLP as their customer rewards program. Like, it's easy to create SLP tokens, but how easily could a gas station manage and use them?

Again, I'm interested to hear what you guys and gals think. BCH is starving for energy and I wanna find ways to feed it. In which market could BCH flaunt micropayments as the killer app and attract lots of people? That kinda stuff.

submitted by /u/maff1989
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source https://www.reddit.com/r/btc/comments/dokoz6/whats_a_critical_public_problem_that_bch_can_solve/

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