By George Donnelly
The podcast currently has 50 episodes available.
BCH Funding: Flipstarter, yay, but maybe $5.5 million give or take has been raised. Maybe $10 million depending on price etc.
For comparison that is about 1.8x the eCash block reward fund, 1x the annual Dash treasury, less than half of what has been invested into GoCrypto, 1/3 of what ETH is spending just this year, 16% of Cardano Foundation funding, 10% of the BSC fund, 7% of Terra’s fund, 4% of what Avalanche raised in a recent private sale and less than 3% of what Solana has raised to date.
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Corp vs DAO vs Foundation: What vehicles should BCH projects be forming?
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Solve Real Problems: We must find real problems in the real world that BCH/SmartBCH can solve, and we must find the human beings to solve those problems. This is the key to healthy, sustainable growth. We must not only produce at a lower cost (low fees) but also we must produce more and more unique and real-world-effective solutions. This is how we can differentiate ourselves.
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3000 Things: Yeah, we gotta do 3000 things for adoption but we can’t do them all and trying to do everything means we do nothing. A good strategy requires focus. We can’t say yes to everything. We have to choose a handful of things that will help move forward the rest.
Further, we can’t just wait and copycat. Copying the market leaders is a strategy for always remaining a few steps behind them, which will ultimately mean that BCH continues to lose traction. People follow leaders, not followers.
The crypto rich at hot coins are sitting pretty with $100 million raises in a NYC or SF office. They are comfortable. Therefore, we must find those who are hungry for prosperity, recruit them, mentor them and help them do the hard work that others turn their noses up at.
The developing world is a pivot point for Bitcoin Cash that is largely neglected by other cryptos. We can leverage the billions of financially-excluded working people to magnify the impact of our investments many times over.
Mass adoption is not a checklist but a strategy.
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Create Profitable Products: we need to focus on building profitable products, what are the problems to solve?
Build BCH Community Cohesion: keep morale high and set a standard people can rise to.
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Expand Ground Adoption: Achieve 50+ active merchants, 500+ active users and regular events in each of 50+ high-population global cities across Latin America, Africa and South Asia. Automate and systematize, do El Salvador but another country & voluntary. Make Caracas a model city.
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Market BCH at a High Level: major new investment, brand refresh, roadmap, brand marketing everywhere, protocol development needs to be harnessed for marketing the way ADA does it.
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Onboard App Builders: we need to teach 100,000 newbies how to develop on BCH. Mainnet.cash is an interesting project here. Business accelerator, infra, mobile wallet and browser plugin. Recruit newbies and help them get up to speed so we’re not just jacking up prices for the same pool of people already being recruited by other cryptos.
https://mainnet.cash/
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😢
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The BCH Why: Start with Why. Liberty, inclusiveness, etc. We’re not here for NGU but this is not a charity either. If BCH is going to become another Digibyte, Dash or BSV, that’s only going to be due to our failure.
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bitcoincash:qz3pxmwda8gd42wa8k9yfxcwhcaapeuhygjc8mc4m8
#BitcoinCash #BCH #Bitcoin
The podcast currently has 50 episodes available.