Is eCash going to make it?

In crypto, uncertainty is part of the game, but lately I’ve been watching way too many people’s fear of uncertainty boil over into frustration. This has been accompanied by an increasing amount of grumbling in the eCash telegram channel about the XEC price, not to mention all the complaints in my X replies.

I get it, you’re down bad, and your expectations for XEC haven’t just been unmet, they’ve been steamrolled by reality. But as much as I wish I could tell you we’re going to make it, we all know that nothing in crypto is certain.

Yesterday, I happened to come across a video of Elon Musk being interviewed by Sam Altman. Sam asked Elon about fear and how he finds the strength to chase crazy ideas. Elon said:

“Actually, something that helps is fatalism to some degree. If you accept the probabilities, then that diminishes fear. When starting Space X, I thought the odds of success were less than 10%, and I just accepted that actually, probably, I would just lose everything, but that maybe we would make some progress, and if we could just move the ball forward, even if we died, maybe some other company could pick up the baton and keep moving it forward.”

I’m not saying I invested in eCash because I expect to lose all my money and die, but I think it’s fair to say I have accepted a bit of that “fatalism” Elon talks about.

In crypto, we like to joke about max pain. It’s the emotional point where the market is hurting the most people at once. But what if we defined it instead as the maximum amount of pain we can handle? Because no one should invest more than what you can handle if it all goes to zero.

But this article isn’t about fatalism, and I know that’s not why you’re here. You want to know is eCash going to make it?

Of course no one can say for sure, but here’s what I do know: there’s a reason so much of my net worth is invested in eCash.

Why eCash? I admit it’s partly ideological, since I see no other project that better aligns with the kind of world I want to see, but conviction without evidence is just wishful thinking. Luckily, I’ve seen the evidence to back it up.

The reason I have such high conviction in this project is because of everything I’ve witnessed over my last eight years of being in crypto, and especially because of the significant progress eCash has made over the past four.

But what about looking ahead?

While I can’t see the future, here’s what I expect: the long awaited announcement of Avalanche pre-consensus at the upcoming eCash conference in Barcelona, Spain. I also expect the launch of a refreshed e.Cash website. After that, maybe Binance starts accepting XEC deposits without requiring any block confirmations. Maybe other exchanges follow suit, or we get listed on some new exchanges that hadn’t listed XEC previously.

I also anticipate the total amount of XEC staked will finally surpass 300B for the first time, proving big holders still have big conviction. We recently found out a new Cashtab Android and iOS wallet is being worked on, as well as a big improvement to Agora swaps. And who knows what other pleasant surprises we might get in the coming weeks and months.

None of these are price guarantees. But the way I see it, every one of these steps is still progress, and progress is what keeps me going.

While critics focus solely on the chart, actual eCash users see the real improvements like the increase in miner diversity, or the fact that Avalanche staking nodes are increasing, not decreasing, including several whales who are adding to their stakes, not abandoning ship.

Then there’s the new XECx token, which has already attracted hundreds of holders and nearly 35B XECx sold, making its case to be crowned the first killer app of the eCash ecosystem.

And finally, there’s this blog. If you’re reading this, it means you had to use eCash to pay for this article. While I may only have a few dozen customers today, I look forward the first article that reaches 100 paid unlocks, and more. Because to me there is no better sign of adoption than people using their eCash for real economic transactions.

I don’t know if XEC is going to pump tomorrow, or after the conference, or ever. But I can tell you this: my conviction doesn’t come from price action, it comes from progress. And as long as I keep seeing progress, I’ll keep believing that eCash is indeed going to make it.