I decided to post this update after someone asked me about it. The original comment was at https://read.cash/@MobTwo/bitcoin-cash-house-singapore-e28c9e8a#comment-631528ad
The Bitcoin Cash House premises was provided to me by a friend (as a favor). We had held Bitcoin Cash meetups in there prior to the pandemic. We had a really wonderful and productive time over there, lots of fun memories and in fact, CryptoToPayPal.com was something that happened thanks to one of the meetups in that place. It was totally worth it. In hindsight, I think even if I had to spend money to gain that kind of friendships, I would absolutely do it.
Having said that, after few months, I decided not to continue using it. It wasn't fair to my friend and I don't like to take advantage of other people. Receiving favors from others weigh heavily on my mind throughout those months and so I thought it wasn't worth stressing out (even though my friend didn't pressure me or anything). Long story short, I returned the favor through other means and call it equal. I also need to acknowledge that my strength is not with people. I am usually reclusive, preferring to be away from people and be in front of the computer working and I enjoy being alone working (time flies when that happens). However, when I am with people, I will try to maximize my time with them because I understand how important human relationships are. They can open doors to opportunities and things that I would never have access to if I am forever reclusive. And during those months, it did open new doors for me and I got some lessons out of it.
I'm still very active in BCH for sure and my objective is for BCH to overtake BTC by whatever means necessary. I am working everyday towards that goal by contributing to numerous BCH projects and also trying to bring additional new capital into the BCH ecosystem. I even shut down my decade long profitable tech company just to focus on BCH. I think that explains how much I want BCH to be successful.
Having said that, I do have reservations about the current state of the crypto market. I think it's artificially inflated by the fraudulent Tethers and that means I cannot with good conscience ask my friends (extremely wealthy friends) to put their money in. I would feel extremely guilty if they did something on my advice and they got burnt badly. As a matter of fact, someone whom lost money because of my recommendation to buy BCH, I ended up giving that person back the money from my own pocket, so that I can sleep well at night.
As it stands, I am still waiting for the fraud to clear out. I'm totally not like Michael Saylor who would ask people to sell their homes, take out loans, etc to buy Bitcoin. That's reckless and irresponsible and I'm disgusted by such antics. The amount of frauds in the space is also quite discouraging to me personally.
I am still interested to continue the Bitcoin Cash House at some point later when I am in a better position, financially and time wise. I still need to clear off some loans at the moment. What bothers me for now is that BCH is still behind BTC and it will keep bothering me until that changes.
Perhaps BCH's slow crawl to the top is actually a good thing. I don't know. I am too new to crypto in general to have an opinion. But I do know the stock market, and sometimes the best companies over time are the ones that crawl their way to the top instead of catapult to the top only to burn out at some point.
I continue to have confidence that BCH has the goods. The question is not about that. But rather if the ones who matter in making BCH's future a possibility have that confidence as well.