Decentralized and Community Driven
BitCoin ONE is a community driven project Decentralized meaning no state or company is controlling it, the Ecosystem is based on people helping out in marketing, support & development. Here projects are developed with a use case having a good set of core values. Further they are social and have an online presence and also doing Meetups to grow the community. Further team members did in 2018 attend 5 BlockChain Summits / events. They have hands on what is going on in the scene.
When you look at CryptoCurrency anno 2019 and the essence of Satoshi Nakamoto’s first launched BitCoin Whitepaper on October 31 of 2008. You could clearly see some challenges of what cryptocurrency is facing right now. The idea of a Genuine Peer-to-Peer Electronic Cash System was Born with BitCoin and still remains its goal. The facts we are facing in 2019 what goes to BitCoin is high transaction costs and also slow transaction speed. The BitCoin and the Litecoin team are working on lightning technology, further atomic swaps, this will speed up the transaction time and further one will be able to exchange one cryptocurrency for another with ease — they are trying to cope up with the challenges. Further we see governments around the globe trying to regulate BitCoin and other cryptocurrencies and also making their own state issued cryptocurrencies. They want to have control and not lose control.
The fact is that cryptocurrency is here to stay, you cannot stop BitCoin or any other cryptocurrency. The only way is to shut down the whole internet and that would not be an option, so they have no alternative than to accept the world we are living in and this involves Cryptocurrency.
We in BitCoin ONE supports decentralized cryptocurrencies, not Ripple that is controlled by the banks or state issued. We support decentralized projects like BitCoin, Verge & DigiByte, because they are the core and essence of what cryptocurrency is about. “What is needed is an electronic payment system
based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party,” explains Nakamoto’s paper. Bottom line is we do not need banks or governments to control our money and decides its value. With cryptocurrency; Anyone no matter if they are rich or poor, race or religion have the financial freedom to setup a free wallet with no ID checks and transfer any amount to any person on the planet.
“This is what we call freedom and decentralization”.
With 3 billion unbanked people in Africa and Asia with no bank account,
“simply because they are not welcome or rich enough” — Cryptocurrency can play a major difference in their everyday life. We believe that cryptocurrency is their way out of poverty and we have a mission to help these people with an overall plan that involves BitCoin ONE and our own developed blockchain.