Bitcoin Cash Association: BCA Founder Shares Origins, Purpose and Mission
Bitcoin Cash Association: Boss Speaks about what triggered him
Bitcoin Cash Association is a community-driven, grassroots project that aims at accelerating the adoption of Bitcoin Cash cryptocurrency. Its goal is to promote BCH to help people adopt it as money. The team believes this could give financial freedom to every person around the globe by providing access to the global economy.
Paul Wasensteiner is the founder and executive director of the Bitcoin Cash Association (BCA). As reported by Bitsonline, he explained why his group exists.
Wasensteiner first discovered Bitcoin in 2011 on the online forum Reddit. With a background in Design, Engineering, and business, he got involved in the community and got attracted by the idea that it’s ‘money that no one can take away from you.’
The “BTC Forks” project, championed by Freetrader, became his first actual participation, in which they sought to fork Bitcoin to create room for bigger blocks irrespective of hashing power. The project gave birth to the creation of Bitcoin hard fork in August 2017 following the collaboration between Amaury Sechet and Freetrader.
The prime objective of the Bitcoin Cash Association is to promote the use of Bitcoin Cash cryptocurrency to boost economic freedom worldwide. It seeks to drive home the fact that everyone can freely use money. The group has been successful in supporting the steadily growing Bitcoin Cash assemblies across the globe.
According to Wasensteiner, Bitcoin Cash supporters are dispensing more energy than Bitcoin Core, given that BCH is a community. The BCA boss is optimistic that BCH embraces the original vision of Bitcoin as stated in the 2008 whitepaper, which is global cash for everyone.
How It began
The origin of the Bitcoin Cash Association is unique. Following the cancellation of “SegWit2x” hard fork plan in November 2017, the BCH community engaged in a heated discussion on the fate of the large-block proposal. At that point, Wasensteiner looked for a way to promote the idea behind Bitcoin Cash. Therefore, he created a two-minute video to accomplish this mission.
Surprisingly, the post attracted $20,000 in just 24 hours, which triggered the idea that there was a need for a reliable group to take up the role of promoting Bitcoin and driving its worldwide adoption. He decided to pioneer that organization himself, and that necessitated the birth of Bitcoin Cash Fund. The Fund was later baptized Bitcoin Cash Association in 2018, in line with its operations and objectives.
The Bitcoin Cash Association currently focuses on creating advertisements, conferences, meet-ups, websites, and awareness campaigns to drive the adoption of Bitcoin Cash worldwide.
The association realizes that they can achieve a lot more through real-life interactions such as assemblies and conferences. The group plans to conduct more meet-ups and conferences next year.