As I look around the rest of the crypto universe, I see tons of people who seem to be giving up on the space altogether, or feeling totally lost as a result of the market turmoil.
I believe this is because crypto has forgotten it’s true purpose and the cypherpunk values that birthed this industry in the first place.
When I discovered Bitcoin, I became obsessed because it was the first time in my life that I believed a technology could change civilization as we knew it. I know some of you are thinking there have been plenty of technologies that have changed civilization: the internet, the printing press, electricity, to name a few.
But whereas those technologies may have improved our standard of living, I believe electronic cash has the potential to fundamentally change the way we govern and organize as a society in a way that those other technologies did not.
🔥 24 unlocks and counting...
Didn’t get into crypto in the early days, but at the time kept one eye on the Bitcoin culture. It was an authentic movement that, in the aftermath of the 2008 GFC, sought to provide people shelter from the turmoil that stems from fractional-reserve fiat.
I see eCash and its community very much in the same vein as that early Bitcoin culture.
And, while there are many in the BTC culture who are very principled and seek to restore sound money, I don’t see a lot of objectivity from BTC ‘maxis’ when considering the severe limitations of BTC technology and its inability to fulfil the vision as outlined by Satoshi in his white paper.
Looking purely objectively at Nakamoto’s writings, and then considering the failure of BTC tech to evolve – let alone the subsequent ‘digital gold’ narrative that arose – one concludes that eCash is actually more OG than BTC.
Consider:
eCash (XEC) seeks to be sound money that functions as cash for the internet.
Bitcoin (BTC) nowadays seeks to be sound money that is a store of wealth, i.e. digital gold.
Two questions:
1. Which out of eCash and Bitcoin more closely resembles Bitcoin in its early days?
2. Which is most consistent with the title of Nakamoto’s white paper’s, i.e. ‘Bitcoin: A Peer-to-Peer Electronic Cash System’?
Great article 🫶