Hi, I’m Christian Kassler, core developer here at BitCash.
You might have heard of me before — I’ve been writing code for over 25 years, and started my first software company back in 1996 called CAD-KAS. More recently, I also created a Proof-of-Work coin called Referenceline Coin (RECO).
But if you’ve never heard of me, that’s cool. I’m not here to give you my life story (phew), but to explain why I began working on the most exciting cryptocurrency project in the world. That might sound like hyperbole, but stick with me.
I created RECO to try and fill a gap in the cryptocurrency market that was, in my opinion, hindering mass adoption. Take a look back at your crypto transactions for the past year and what do you see? A series of obscure addresses and amounts. Not exactly easy to keep track of, right?
If you need to keep track of your crypto spend for tax, budgeting, or anything else, you have to keep track manually, either through your own system (an Excel spreadsheet, for example) or additional tracking software. This is a real turn-off for people familiar with fiat banking systems.
And I wasn’t the only one dissatisfied with the status quo. About a year ago, I watched a YouTube video about cryptocurrencies and the YouTuber complained of not knowing where his payments came from. I’ve heard countless others in the community express the same.
The crypto world talks about speed, efficiency, and scalability, but rarely does it talk about usability. Sure, many cryptocurrencies have solid use cases, but utility isn’t enough. We’ll never reach mass adoption unless people can spend, earn, and manage cryptocurrencies just as easily as fiat.
So what does that mean?
It means developing a cryptocurrency that integrates the banking features of the fiat system. That way, the public gets the best of both worlds:
- Monthly statements
- Transaction reference lines
- Recurring debits or credits
- Multiple accounts
- Named accounts
- Support for accountancy software
- And lots more…
All secured by blockchain technology.
RECO was my attempt to make managing cryptocurrency easy through an encrypted reference line, similar to the references you get on bank statements. I got really far until I realised that I couldn’t develop a new cryptocurrency and market it at the same time. I’m a talented developer, but marketing has never been my strong suit.
So, I got talking to some talented people on Discord whose skills complemented my own. Turns out, I wasn’t the only one thinking about a new cryptocurrency with integrated banking features. Here was an opportunity to focus on doing what I do best — writing code — while contributing to positive change in the crypto space.
And so BitCash was born: a cryptocurrency with mass adoption features (like those I listed above) built in. No external tracking software required. We wanted to go further than I ever had with RECO by integrating not just reference lines, but all the other traditional banking features that consumers and businesses need.
Importantly, we wanted to create world-leading user experiences. Most cryptocurrencies today are tough to use, especially if you’re new to the market. Long cryptic addresses, ugly UI, a plethora of competing and confusing wallets. We wanted you to be able to send BitCash to people even without a wallet. If that’s not putting users’ needs first then I don’t know what is.
If we want mass adoption, not only must we make cryptocurrency easy to use, but also make it desirable. We must make people fall in love with cryptocurrency, and want to use it for everything from paying their bills to buying their morning coffee. In short, cryptocurrency, and the ecosystem in which it operates, has to be better than the existing fiat system.
By winning over consumers and businesses with familiar banking tools and blockchain benefits (cheaper, faster, and more secure payments, for example), BitCash aims to replace day-to-day fiat transaction volume with BitCash.
Could I have chosen to work on a more established blockchain? Sure, but why would I? It’s much, much harder to integrate encrypted reference lines into an existing blockchain, and getting consensus for a hard fork to introduce changes is a nightmare.
BitCash is striving to be the most used cryptocurrency in the world. By developing BitCash, I get to work alongside super talented people who share my vision for crypto’s future. A future where people can leverage the benefits of blockchain without giving up the convenience, ease, and familiarity of the fiat system.
And that’s a great thing to be a part of.
If you’d like to know more about BitCash or our work developing the world’s most usable cryptocurrency, please visit the official website and be sure to join our Discord channel. We’d love to hear your comments, feedback, and we’d be happy to answer any questions.
Thank you for reading.
Be sure to follow me on Twitter @cadkas