Business 3 September 2018Erik Gibbs
Rick Falkvinge on why Bitcoin BCH is true driver of digital currency
As part of his “We Are All Satoshi” series, Bitcoin BCH pioneer and supporter Rick Falkvinge has published his latest video. Falkvinge raises several good points about the motivation behind different cryptocurrencies and how these motivations impact the direction the currency takes. It all comes down to one fundamental question: Why are we here?
In perusing the various cryptocurrency forums, patterns of discussion begin to emerge. On the one hand, the BTC community has a propensity to discuss price, almost to the point of being obsessed with how the value changes from one minute to the next or how to make the biggest return on a BTC investment. On the other hand, the topics of concern in the Bitcoin BCH forums are more focused on the community and developing the cryptocurrency ecosystem.
While it may appear, then, that the Bitcoin BCH community is apathetic toward the price of the currency. It would almost seem as though the topic of price is being suppressed. However, as Falkvinge points out, this isn’t the case. Instead, there is a “collective disinterest.” The difference is that Bitcoin BCH proponents are more concerned with ensuring the development and survivability of cryptocurrency than they are with lining their own pockets.
In the early days of cryptocurrency, it seemed that supporters were breaking off into one of two camps—activists or entrepreneurs. Activists can live off of what’s available, while entrepreneurs want to make money. An entrepreneur who only wants to make money will only turn out to be an “acceptable entrepreneur.” Great entrepreneurs excel because they want to make a difference in the world. These types of entrepreneurs have a great deal in common with the activists.
Falkvinge’s rightfully points out that the number one “guiding star”—or prime directive, as he calls it—for cryptocurrency, in keeping with the original design created by Satoshi Nakamoto, is to employ the “create liberty through profit” motive. In other words, liberty comes first, profit is secondary. This is the complete opposite of the way the BTC community, which is singularly focused on making money, thinks. To them, it’s a status symbol, not a digital currency. This isn’t how you change the world.
This is why BCH community doesn’t care about getting rich. It is concerned about making things better. Falkvinge acknowledges what virtually all cryptocurrency enthusiasts think—that if it makes money in the process, it will be great. However, this is not, nor should it be, the primary goal of cryptocurrency.
Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.
Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.
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