36 - 22/June/2021
Dear Koreans 2
Someone on Telegram recently told me I should apologize to all the Korean people who’ve lost money investing in BCHA. According to him, many Koreans invested in BCHA after reading my blog. I don’t know if there’s any validity to this, but I thought this would be a good opportunity to clarify some things.
The purpose of this blog isn’t to offer trading advice. I’m not here to guarantee you’re going to make money by investing in eCash or any other project. What I am here to do is share my thoughts and opinions because I enjoy writing, because I want others to see the world from my perspective, and because I believe the mission of creating a peer-to-peer electronic cash system is perhaps the most important thing you can be working on today.
Since multiple people have asked, I don't mind sharing that I hold a significant amount of BCHA (soon to be XEC). I haven’t sold, and I don’t plan on selling. I have skin in the game whether you choose to believe me or not.
Having said that, I obviously have high hopes for this project, but when it comes to what the price of the coin will be next month, or next year, your guess is as good as mine. As much as I'd love for the price to 100x in a short period of time, I know as well as anyone that's unrealistic.
Still, I’ve invested my hard earned money into BCHA because I believe in the team at Bitcoin ABC. I believe in what they’re trying to achieve, and the manner in which they’re going about it. Because when you boil it all down, it’s people that create any new technology that adds value to the world, and I can say with confidence that the people behind this project are some of the best I’ve ever had the good fortune to interact with.
Previously I wrote about sports and what I love about it. About how it’s the ultimate meritocracy, how it’s objective, and how it’s about sportsmanship and passion. But what I didn’t talk about was the people, the players actually competing on the field.
When I first found crypto I admit I was lost. I had no idea what I was getting into. All I knew was I wanted to learn, so I searched for people I could learn from. I looked for them on discord, and reddit, on twitter and telegram. I wasn’t afraid to ask question after question trying to understand as much as I could. And while I met plenty of smart people, in the end I realized you have to decide you think is truly worth listening to, and who you think are going to stick around. Like I've said before, you want to play long term games with long term people.
I have no doubt that any other team would have quit at this point. But not Bitcoin ABC. That doesn’t mean they can’t fail, of course. What they’re trying to accomplish is monumentally difficult with the odds heavily stacked against them. But as they’ve already shown, they aren't the type who give up easily. They are passionate about what they’re trying to achieve and some of the smartest people I know. I for one wouldn’t want to bet against them.
(And before you accuse me of being in a cult, here's something else I noticed about sports versus crypto. In sports, when you have someone that's better than everyone else, it's common for other players to want to play with that person, to have that player act as the team leader. In crypto, it seems that more often than not the other players want nothing to do with someone who clearly knows what they're talking about. Rather than leverage that person's skills to reach a common goal, they see that person as a central point of failure they'd rather have nothing to do with. I disagree with this notion. I'd rather have the best player on my team than not on my team.)
The fact is that crypto is full of all kinds of personalities. The choice is yours in terms of who you want to listen to and associate with. Maybe you’re looking for someone like Michael Saylor to pump your bags, or the Safemoon bros who want to shill you on TikTok when they have no idea how blockchains even work. If that’s the case, this project might not be for you. This is a real project with real builders who have years of experience behind them and a plan for how to succeed. You're not going to see members of ABC hyping this project on social media and making false promises because they’re not looking for greater fools, they’re looking for great engineers who want to contribute and help them build a new global financial system.
If you lost money, or this recent crash has hurt you financially, whether you're Korean or otherwise, I’m sorry, but I don’t think blaming some anonymous writer on the internet is going to solve your problems. And no matter what you think of me, I plan on sticking around and writing in support of the eCash project for a long time because I don't see myself as a quitter either.
There are only 8 days left until the launch of the new eCash brand and website. Don't expect miracles. A new name and logo is only just the beginning, but I for one am excited to start the next chapter in this journey.