The Dollar Tipping Point
In recent news of the craziness in the short squeeze in wall street. Of course, I’ve seen across multiple groups, among the black community, we should do this too. When we already saw the success of #MyBlackReceipt…
According to my www.myblackreceipt.com we moved $7,761,993.63 to black businesses. Imagine if that type of capital flowed into a black crypto currency called Guap Coin.
Now before you think I’m about to push a pump and dump scheme hear me out. The question I have to ask is, what would black people do when GUAP Coin is equivalent to a dollar?
Sure, they can sell it in exchange for dollars on a 1:1 ratio. They can even trade it into other cryptocurrencies but imagine this for a moment. Guap is now one dollar. A black customer named Jamal walks into a black business and orders an oxtail dinner. Jamal convinces the business owner, let’s name her Renee, that Guap coin is just as a good as a dollar. Renee is familiar with cryptocurrency herself. As a matter of fact she has some bitcoin in her Coinbase account and her BitPay wallet.
She accepts the Guap coins because she plans to sell Guap in exchange for bitcoins. Renee also has a BitPay debit card that allows her to go buy her goods with her Bitcoin balance, so that she can cook more oxtail dinners tomorrow.
Let’s say bitcoin jumps to $40,000 again from the current price of $34,000. Now, Renee doesn’t need to spend as many bitcoins to buy the SAME amount of oxtails at the store. Renee is happy because her purchasing power has increased.
The next day, Jamal orders the same oxtail dinner as before. Renee accepts his Guap Coins and repeats the process above again.
Renee unfortunately hears about her friend struggling to stay in business because she can’t afford the oxtails because the price has gone up…in dollars. Renee is able to stay in business because she no longer uses dollars to purchase her goods because she uses bitcoins.
Renee educates her friend on this process to help her save her business. And now her friend is also accepting Guap Coin as payment. What happened here is two business owners changed their form of payment to be able to buy the goods needed to stay in business.
And this cycle repeats with Jamal’s sneaker business. The cycle repeats with Morgan’s accounting business and the cycle repeats again while others who use only dollars to operate their business continue to struggle. They will continue to struggle because the dollar is paying for fewer and fewer things. While Guap Coin still buys the same amount of things and bitcoin buys even more things as more people exchange their dollars for bitcoins.
Guap Coin will buy more and more things as more people convert their dollars into Guap Coin. Overnight Guap Coin will become a household name because businesses will quickly realize that the transactions fees are low.
With only 90 million Guap Coins in existence, black people’s purchasing power won’t be inflated away just as it won’t be inflated away should they choose to hold and use bitcoins. As black people’s trust towards the dollar starts to lean more towards Guap Coin, this will spawn new wealth for black people who have a heart for making sure the culture is preserved, protected and maintained.
As soon as Guap Coin is equivalent to a dollar, the use cases can instantly explode because small to medium businesses can start to accept Guap Coin instantly because Guap now solves black peoples’ problems today.
For that has been the majority of black people’s thoughts about bitcoin. How does this help me today? I have bills due today. Or in Joe Budden’s case when he did a podcast about Bitcoin. His thought was, if I can’t buy my cigarettes with Bitcoin, why are you bothering me with this?
Once Guap Coin solves black people’s problems today. Black people will have a strong footing in not just America’s economy but in the global economy.
Learn more about cryptocurrency, blockchain technology and Guap Coin itself at www.GuapUniversity.org
