Amauri: With BCH You Have Gold In Your Hands

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Bitcoin Is Cash

2 months ago

Yesterday, I watched the entire episode of the Bitcoin Cash Podcast featuring the discussion between Jeremy, Jett, and Amauri Séchet.

It's clear that Amauri is a highly influential figure, and in hindsight that split may have been entirely avoidable.

However, the part I'd really like to discuss is this:

"You have gold in your hands. You have a project that have stuff that most projects in the ecosystem don't have and that are very difficult to get and that we were able to get. You know with the way we launch and started to develop the project.

But you need to start operating at that level right because if like if you don't then like they are not sufficient by themselves. They give you like tremendous potential that other projects don't have but you need to start operating at that level and that means that you're going to have to listen to people in like corporate stuff that are maybe not as fun as hacking you know some index on the weekend or whatever."

Corporations, funds, and investors are already showing interest in Bitcoin Cash, and it's becoming clear that people will need to put in the hard work to push BCH forward.

Unlike BTC, which doesn’t function at all for payments yet it has still entered the ETF space with a vague store of value concept, the opportunities for Bitcoin Cash won't represent the end-game, but instead they will be just the beginning of something much larger.

No Single Point Of Failure (Anymore)

BTC was hijacked. And this happened by a handful of people, using the blocks capacity limit as their attack vector.

New hijacking attempts will definitely emerge as Bitcoin Cash gains traction, but the community today has put several safeguards in place to protect the permissionless nature of Peer-to-Peer Electronic Cash.

One of the key developments in the defense of Bitcoin Cash is ABLA (the Adaptive Block Size Limit Algorithm), which has fundamentally changed the game by eliminating the attack vector used during the BTC takeover.

No one can force Bitcoin Cash to remain limited to 32MB or prevent it from expanding its throughput capacity in the future.

With ABLA, the network is safeguarded from attempts to hijack the network and stagnate scalability and potential.

Any future risks would need to be far more sophisticated than that and as BCH keeps growing they will likely come, but the community, armed with maturity, professionalism, and awareness, is prepared to fend them off.

In this sense, ABLA might appear to be a small step, but it’s actually a giant leap forward that opens up new possibilities while significantly reducing these risks.

Better Marketing

Marketing is not just about paying for ads or engaging in promotional activities.

In fact, advertising and promotions likely account for less than 10% of what marketing truly encompasses.

The other 90% involves activities such as opening new markets, researching customer satisfaction, conducting surveys, or altering the overall product to meet consumer demands.

This does not affect core principles or code, but focuses on other critical aspects.

Marketing can reshape and enhance parts of Bitcoin Cash to improve brand image, recognition, user adoption, and investing interest.

At its core, marketing is about adapting products to meet the needs of economies and societies. When a "product" like Bitcoin Cash effectively solves public issues but experiences limited growth, marketing will have to boost its visibility, ensuring people discover the brand and start using the product.

Professional marketing will drive advertising through established mainstream channels, enhance existing websites to make them more engaging, collaborate with existing teams to set goals, leverage synergies, and defend the product from external threats.

Centralized Cardano did this and since 2018 it has seen explosive growth in value.

While BCH is decentralized, cooperation among leading stakeholders is possible.

External marketing will work together with active groups or individuals to amplify their impact. So, this is no threat to the valuable members of the commutnity, those who have genuinly promoted the brand, but it will probably be an issue to those who were hired for a job, got paid well, and delivered just the minimum possible (or worse) while falsely claiming success.

Look again at what Amauri is saying at 2:27:33 and let me know if you feel he is wrong about it.

Like many of you, I've also watched and participated the altcoin market rising since 2017 and almost immediately realized how 99.9% of these coins/tokens had no future and would not sustain their market cap due to fundamental weaknesses.

However, everything was pumping because of FOMO in the crypto news and social media.

Only a handful of these projects remain relevant today. These with better foundations and structure, but also with strong marketing backing them.

Sometimes, these foundations are merely the result of marketing hype while they don't even exist.

The voices of BTC maximalists are loud but they can be easily covered by the voice of logic. It just has to be louder than them to allow BCH to breathe and achieve its rightful place.

For this, BCH will need institutions and corporations, however, it won't be a sell-out like in the case of BTC, but a recognition of technological superiority.

With Bitcoin Cash You Have Gold In Your Hands

The point here is that we can't exclude options and skip opportunities.

Every other project and community would wish to have what Bitcoin Cash has, so it’s time to start treating it as such.

BTC maximalists rely solely on its price to support the false narrative of it being a store of value.

Their entire strategy revolves around sustaining and increasing this price, but how shortsighted is this vision anyway?

What if BTC fails massively?

And what if this happens within the next two year - not improbable.

Bitcoin Cash has to be ready for that opportunity.

Since 2018, BCH has declined in market cap due to internal conflicts and several mistakes despite the good intentions of stakeholders, and in the end we lost the potential to attract the userbase and enlarge the community.

And still, after all the splits, the slander on social media, the negative news coverage, issues with SmartBCH and CoinFLEX, and the constant threats and legal harassment against top Bitcoin Cash supporters, BCH remains resilient.

Bitcoin Cash stands strong enough to have Adam Back make embarrassing comments on Reddit, exposing himself as a degenerate gambler who shorted BCH at the bottom price and lost his shirt.

The tides will turn, with more people stepping up to tell the world what Bitcoin Cash is truly building.

BCH needs even more dedicated people to meet the high standards Satoshi set 15 years ago.

I'm confident they will come, and they will come in numbers.

And they should also know this technology rewards the brave, those who choose the least walked path, and those who stay committed through hard times.

*AI technology was used to enhance the readability of this story, but it did not involve generative AI. I wrote the story myself and used AI tools to improve it.

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