A Journey Through The Crypto Space-Time Continuum

One year in crypto equals ten years in real life.

The crypto industry is transforming too fast, yet for some reason, the slowest and most inefficient blockchains (BTC, ETH) dominate the interest of investors.

Crypto is a difficult subject as it needs too much time for research. The confusion and misinformation many networks spread are adding to this problem.

Often the popular crypto influencers operating in this field for years, maybe even a decade, will change their stance and cancel everything they stood for, all depending on how the BTC narratives proceed.

One thing is for sure, there is a lot of noise and bad advice so beginners will always have a hard time understanding or investing correctly.

Recollections of Frustrations And Realizations

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I was focused on cryptocurrencies such as Ethereum, Tron, and EOS between 2018-2020 and one by one were failing my ambitions.

Tron made some positive moves, like the corporate-style acquisitions of D-Live, Steemit, and BitTorrent. However, it was always leaning towards centralization, operating as a corporation instead of a decentralized blockchain.

As an Ethereum fan since 2017, I followed ICOs closely but this field dried out by 2018. EOS was supposed to bring a difference and had an interesting network, but eventually, it also contained centralization tendencies, and interest after the release of the mainnet was low. Some of the top names supporting EOS abandoned it one by one leading to a decline in interest.

Waves was another project I was following closely but it also didn't manage to make a difference. It became a second NEO, and there are not many expectations after a fiasco with Vostok back in 2019. That's about when I abandoned Waves but sold my stake way later as the price was rising.

Developments with Bitcoin Cash all this time gave the impression of a network performing exceptionally, however, the information on its developments was scarce and almost every crypto news website was presenting BCH with a negative approach.

Convincing investors weren't going to be easy with the community splitting twice over trivial matters. The BSV and eCash forks simply gave the excuse the BTC maxis needed.

The scams in 2017 were too many to count as well. Bitconnect and the clones of this Ponzi scheme were rising as cryptocurrencies were trending in mainstream media.

Some of the Bitconnect supporters are now BTC maximalists, spreading hatred towards Bitcoin Cash. It was the same back in 2017, the same people with the same networks, just changed Bitconnect to Bitcoin after getting paid for the job.

To those like me that joined anytime in 2017, Bitcoin was first of all an electronic cash payments system, since everyone was first of all reading the whitepaper.

Watching BTC fail in November-December 2017, meant one thing: there must be something better that is working, and maybe the Bitcoin Cash side is correct to proceed with upgrading and scaling the network.

BCH found support from a large crowd in 2017 but the crypto "winter" of 2018, made it difficult for every cryptocurrency.

It was like someone simply turned off the lights one day in January 2018. The money flows reversed, from crypto to fiat, and exchanges were all of the sudden getting "hacked".

The "bear market" of 2018-2019, was a chance for some cryptocurrencies to survive, while developments were not rapid either. In general, only a few cryptocurrencies created any meaningful innovation during 2018-2019.

Ethereum progressed with DeFi, a term that first appeared in 2018. The main element for Ethereum's success in 2020, was only introduced in 2018, and the first developments appeared in 2020. DeFi is proof of the dynamics of the cryptocurrency field.

In the beginning, DeFi was looking like a Bitconnect 2.0, though. Ethereum fees for 2018-2020 were just 2-3 gwei, until some moment in spring 2020.

The bear market of 2018-2019 was expected and foretold by the traders and some were expecting BTC to drop down to $1000, or lower. Sadly the whole industry faced a shutdown and recovered for one reason only. Speculation in BTC.

It started a long run of institutional funding, and while retail also followed, this seems to have happened mostly within custodial trading apps like Robinhood and CashApp, or Paypal. These apps were not even giving the option to withdraw the crypto, blocking access to using the cryptocurrencies.

Throughout this time the message Bitcoin Cash was sending was clear.

However, it is always suppressed by the crypto media.

I was reading all the BTC manipulative media like Cointelegraph and Coindesk, Decrypt, Dailyhodl, and the rest, and they had succeeded to limit positive news on Bitcoin Cash.

Roger Ver Tweets, interviews, and content were a major force for Bitcoin Cash all that time. Roger is consistent with his approach and stood his ground, an admirable stance giving support to BCH users and investors.

I knew I was following the wrong people, and once they became really irritating, following the logic of promoting BTC just for its price without any other point made.

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BTC today is just a Ponzi with no use case other than speculation.

This is advocating in favor of (what these guys perceive as) a highly speculative asset, while also admitting that the current BTC structure will never reach any meaningful adoption level.

This is what Warren Buffet is talking about when he labeled BTC as rat-poison squared. BTC simply doesn't produce any service since it erased the currency features it possesses. Bitcoin Cash performs these functions today, becoming sound cash for the whole world to use, aiming to fill this gap Blockstream devs created for BTC by not upgrading the blocksize.

This tweet by Gurbacs and the response by PlanB practically summarize the hollowness of the Bitcoin narrative (SoV) and why Bitcoin Cash has every right to claim the Bitcoin name. The Bitcoin whitepaper challenges the global elite that controls the payment networks, BTC today has torn the whitepaper apart and promotes instead Paypal 2.0 (LN).

This moment of honesty by these two "fiat evangelists" acting as tools in favor of the traditional financial establishment, enlightened many about the real BTC narrative and how Blockstream distorted the vision of Satoshi Nakamoto.

BTC became nothing else but a speculative asset, a toy at the hands of a small elite of whales, trying to sell BTC as digital gold to institutions and Wall Street investors.

They succeeded (partially), but the bullshit remains with Blockstream now producing reports that BTC will reach 1 million USD, aiming to secure a 1 billion bond deal with the vassal government of El Salvador.

The rest that followed was already practiced before, since 2017, when the speculators joined, and when the Blockstream led devs (Bitcoin Core) implemented Segwit.

Between 2018-2020 I was taking part in every platform in the crypto field.

Blockchain games, taking part in Decentraland events, exploring D-live while tipping content creators with lemon tokens. Been spending some time in bitcointalk as well, but this forum was too toxic to stay. Most of the toxic maximalist behavior starts on this forum.

Discussions are censored, and users will be labeled with a red flag for stating an opinion or asking practical questions, which is a red flag for this website on its own.

Bitcointalk is a valuable source of information for the content it holds before 2013-2014. It seems it all abruptly changed, though, especially after the arrival of Adam Back. This forum is today an abomination. It is a pity to watch its downfall considering its legacy.

In Conclusion

The crypto space has expanded several times in size since 2017, with extreme volumes and valuation, and speeds ten times faster than any other field.

Perhaps this is a sign of things to come, as the Metaverse approaches and a digital economy that will reach the size of the global one in just a few decades.

The crypto "race" heeds innovation. Slow and vulnerable networks will become obsolete as the consumers (the real market) will choose according to their needs.

CBDCs are a danger to cryptocurrencies we can't ignore, however, Web3, smart-contracts, NFTs, and decentralized finance, are fields the governments will meet difficulties to compete in with CBDCs. They will try to regulate, bring innovation under the control of corporations, and will probably achieve it to a certain degree. However, these last 13 years, have marked the changes that will follow, and decentralization should no longer be considered a threat, but a principle.

The developments and the aggressive price volatility create an explosive combination with vast opportunities arising in this fast-moving field that today has grown into a two trillion dollar industry.

Bitcoin Cash today contains all the features necessary to compete in the modern economic environment and the future of the digital economy:

Speed, efficiency, security, and reliability.

With smartBCH Bitcoin Cash heralds the age of smart contracts that will eventually merge with other creative technologies (AI, robotics, AR/VR developments). Smart contracts will become dominant in various industries and incorporated into finance and governance, perhaps even in the judicial system, as a solution accommodating the digital economy demands.

Maybe smartBCH will not achieve global adoption in all these fields, but certainly, it will be useful as an efficient alternative for users of forthcoming technologies.

The future was never so interesting as it seems today to be.

Cover Photo by madartzgraphics, on Pixabay (modified)

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