@Alther 13 July 2025 more from that month

Bank Runs & Bitcoin Cash: We're Forgetting Why Crypto Was Created Something's starting to feel strange in the crypto world lately. It's not about the price. It's not because new projects are popping up every day. It's about the way we think—about the direction we're heading. Not to mention questions like, Is there market manipulation? It's very possible. The crypto market isn't a pure free market. Fake volume, order book manipulation, and even social sentiment shaped by paid accounts are common knowledge. And BCH, as BTC's legitimate "ideological enemy," indeed has more enemies than friends.

Bank Run. An old term from the fiat world suddenly feels relevant again. But not because we're afraid of conventional banks collapsing (though that's always possible), but because we're starting to see the same patterns emerging in the world that's supposed to be fighting the system. We didn't come to crypto because we wanted to get rich quick. Or at least, some of us didn't. There's a spirit of resistance, a frustration with a banking system that always keeps too many secrets. We're tired of being pawns. We want to be the key holders. And then… over time, slowly—without realizing it—we recreated the same system. But using blockchain. Custodians, ubiquitous KYC, staking with promises of bank-like interest rates, even stablecoins that we have to pray for every day to keep them from going bankrupt. Then the BCH crowd started talking about this. They weren't just anxious, they were angry. Because from the start, BCH wasn't a project that wanted to be just a "fast Bitcoin." It was a movement that wanted to restore Bitcoin's fundamental principles: peer-to-peer electronic cash, without intermediaries, without censorship, without limits. If you hold BCH in a non-custodial wallet, you don't have to ask who holds your money. There's no trusted third party. No permission is required. Compare that to today's exchanges. If there's a small issue, users rush to withdraw funds. Panic. Then the platform freezes withdrawals. Then everyone panics again. This isn't decentralization; this is shadow banking with a web3 logo. A bank run isn't just a systemic problem. It's a moral alarm. Proof that many of us are still too comfortable entrusting our financial sovereignty to supposedly secure entities. BCH doesn't promise instant profits. But it's honest. You can use the coins immediately. Send them to anyone, anytime, anywhere. Without having to pray to a server. Without asking anyone's permission. At this point, perhaps we need to pause and ask: *What are we building in crypto?* *A new version of an old system?* *Or is it truly something that could be a long-term solution for the world?* BCH isn't perfect. But at least it remains true to the reasons Bitcoin was born. And today, amidst the frenzy of DeFi, speculative tokens, and increasingly restrictive regulations, we need more communities willing to speak frankly: **"It's not about technology anymore, it's about awareness."** We're not lacking innovation in crypto. We're simply losing our way. And perhaps this bank run—which has begun quietly behind the scenes of major exchanges and platforms—is the most stark reminder yet: never hand over control of your money to anyone else, no matter how modern the system they build. BCH doesn't ask us to trust the system. BCH asks only one thing: Hold your own money. Send it yourself. Store it yourself. Live your own life. That's all.