0 - 03/Jan/2021

The soul of this project

"Even a billion dollars of capital cannot compete with a project having a soul." - Vitalik Buterin


People often say Bitcoin is a religion. I figured it was because Bitcoiners can sometimes remind you of religious zealots, or televangelists. But maybe I've had it all wrong, and maybe it's because I haven't been looking at religion the right way.​

For the first eighteen years of my life I attended church every Sunday. Not because I believed in God, but because my mom didn't give me a choice. Still, I didn't hate attending service, I just never had what they call faith, or ever considered myself saved.

But looking back it's hard not to think about how much influence the church had on my upbringing, and what a profound impact growing up in that environment must have had on my world view.

Every Sunday I was fed a message of what it means to be honest, or courageous, or humble. Basically, I was taught about goodness and righteousness on a weekly basis. At church I was surrounded by adults who I saw to be upstanding members of the community. People who owned businesses and worked hard to support their families. In the church it was clear what was expected of you, how we were supposed to behave in the world while being encouraged to make use of our talents to become the best versions of ourselves.

The point I'm making is that religion is about more than just believing in the presence of a higher power. It's about believing in a way of life and living the best life possible. What if Bitcoin is about the same thing?

I think the world is in the state it is today because for far too long we haven't been focusing on the right problems. The same might be said of Bitcoin, because even as BTC is reaching new all time highs, the protocol itself has made little progress towards becoming electronic cash as described in the white paper. And for both Bitcoin and the world at large, I believe the problem that needs fixing is one and the same: the culture.

To me that is the soul of the project led by Bitcoin ABC (currently known as BCHA). We are focused on building a better culture where people who add value are rewarded, and those who don't are ignored. A culture where we are encouraged to be honest with each other as well as ourselves. One where we assume good faith in others, and own up to our mistakes, correcting them whenever possible.

I believe the BCHA opportunity is enormous, and it is one that doesn't come very often. I think that this project has the right technical roadmap, the right incentive model with the activation of the new coinbase rule, and what's needed now is to attract more like-minded people, not by selling them unrealistic fantasies, but by improving the culture, which starts by improving ourselves.

I think that building the right culture for this project is like building a house on the right foundation. And while Bitcoin may or may not be a religion, I believe a lot can be learned from the church whether you're a believer or not:

“Everyone then who hears these words of mine and does them will be like a wise man who built his house on the rock. And the rain fell, and the floods came, and the winds blew and beat on that house, but it did not fall, because it had been founded on the rock. And everyone who hears these words of mine and does not do them will be like a foolish man who built his house on the sand. And the rain fell, and the floods came, and the winds blew and beat against that house, and it fell, and great was the fall of it.”

Thank you for reading.

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