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Following Bitcoin Cash on its rise to global reserve currency.

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Sunday, 30th April 2023

#78:

BCH School Report Card

feat. Ryan Giffin

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BCH School Report Card

  • Assessing the state of the ecosystem
  • Give people with spare passion and energy a hint of where things need improving (either existing or incoming to the scene)
  • 5 Areas:
    • Price
    • Merchant adoption
    • Full nodes, protocol dev & indexers
    • Wallets & tooling
    • Marketing & Content

x

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BCH Stablecoin

USD $120.73 (down). 1 BTC = 227.1 BCH (down slightly).

1 ETH = 15.4 BCH (down slightly).

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Price

Grade: D-

  • Price has sucked
  • Can’t fix this directly, all we can do is keep building adoption and boost demand with apps
  • DCA still the tried and true strategy
  • Silver lining: we’re still in the top 30
  • I can’t give an F because we’re still holding up ok against the USD over the last year

https://coinmarketcap.com/currencies/bitcoin-cash/

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Community comment of the week

Tom describes BCH price metaphorically

https://t.me/bchchannel/302521

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Merchant Onboarding

  • How are efforts coming along with building a local circular economy?
  • Ryan also acquired a restaurant and accepts BCH there - for hosting Bitcoin Cash meetups
  • Is there a lot of regular BCH payments going on there?
  • Are your business partners more convinced after the St Kitts conference?

https://twitter.com/RyanMic87079594/status/1643446499735400448

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Merchant Adoption

Grade: C

  • Townsville doing good work.
  • Argentina, Florida, Slovenia with Go crypto - but I haven’t been there.
  • St Kitts maybe going backwards??
  • Better tooling would help a lot, but those dev resources are spread thin as it is. Also price improvement.
  • The crypto industry is shifting away from this strategy.

https://www.youtube.com/watch?v=RtjqcvVHnVo

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Protocol/Nodes

Grade: A-

  • CashTokens is a huge innovation
    • CHIP process is working well
    • BCHN, Knuth, Verde have support
    • BU working on it
    • BCHD maybe not going to support
    • Flowee prioritising other features
  • Most developer action is moving into the tooling layer, and will then bubble up to apps
  • Would be nice to boost total node count

https://www.reddit.com/r/btc/comments/131c89o/only_2_node_projects_are_ready_for_the_upgrade/

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Wallets

Grade: B-

  • Bitcoin.com falling off a cliff
  • Paytaca is crushing it
  • Zapit also doing really good work
  • CashTokens web wallet from Mathieu discussed last week
  • Stack Wallet have been sliding into BCH
  • Lots of other multicoin wallets will jump in as BCH gains momentum

x

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Venmo adds crypto transfers

  • BCH supported (along with BTC, ETH, LTC)
  • Allows sending outside of the app, to Paypal or to external crypto wallets
  • Rolling out in May
  • 78 million Venmo users
  • Better wallets may become somewhat irrelevant for non-advanced users as existing players are forced to adapt

https://newsroom.paypal-corp.com/2023-04-28-Introducing-Crypto-Transfers-for-Venmo-Customers

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Marketing & Content

Grade: C+ / B-

  • We’re not breaking through just yet, but the signs are there
  • Podcast is doing well, and slowly growing
  • BChad crushing in on BitcoinCashTv
  • XolosArmyRadio on Twitter, formerly Kallisti & Fiendish running Spaces
  • Bitcoin Jason, Marc Falzon, Chadwick Bailey, CypherCat

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Return of the Golf Tournament

  • Ryan hosts a yearly Charity Golf Tournament with a BCH theme
    • October 9th in Florida
    • Good chance to spread BCH education and networking with a hook for a new crowd
  • Super positive exposure for BCH!
  • How many people play?
  • Is there year on year growth?
  • Do people pay at the event in BCH?

https://twitter.com/RyanMic87079594/status/1647770187305832449

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https://twitter.com/crypto_bitlord7/status/1651677005895827456

Meme of the week

It’s going great until it isn’t

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MESSAGE TO

THE COMMUNITY

Open platform to speak to the Bitcoin Cash community, with any thoughts, advice, feedback, criticism, encouragement, story or point of view you feel should be more prominent or appreciated.

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Patrons

  • Ricky
  • HP

Sponsors!

  • General Protocols
    • Check out bchbull.com

Flipstarter (Eps 76 - 85)

  • Majamalu (Marcelo)
  • Renegade
  • Cheapy (Cheap Lightning)
  • Emergent Reasons
  • Unspent.app
  • Molecular
  • BitcoinCashAutist
  • MiniSatoshi
  • Kallisti.cash

Supporter Appreciation

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That's called obsession

It's something that you live

The only single thing that matters

After your wife and your kids

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Cos if you can't learn to float

Then you sink or you swim

Start guide, FAQs, links at www.bitcoincashpodcast.com

Shoutouts for the show

bitcoincash:qzcttw9tz4wy0e6rdu34h0m5906peg6jusax6y5mcx

Thanks for watching!

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