There are people in the blockchain and cryptocurrency industry who are zealous with their ideas and pursue them relentlessly throughout their lives despite popular trends or the prevailing opinion. One such person is Amaury Sechet. They do not have millions of subscribers on social networks, like <a href="https://beincrypto.com/elon-musk-advises-caution-for-cryptocurrency-investors/" target="_blank">Elon Musk,</a> and popularity sometimes simply passes them by (temporarily). However, they still have a greater influence on the development of the cryptocurrency industry than all the prominent influencers combined.Amaury Sechet, is a Bitcoin pioneer and blockchain developer. He is the man who determined the fate of bitcoin way back in 2017.Nowadays, Sechet is building the eCash project, which is a development of Bitcoin ABC. Sechet is just as dedicated to his ideas as he led a development team in dividing bitcoin and creating the novel BCH cryptocurrency.The practical experience and knowledge he gained during that process are now helping the eCash team lay the foundations for a new generation of cryptocurrency payments.Sechet dislikes publicity, and it took a while and some effort to arrange a call with him. This reclusive ex-Facebook engineer who previously helped build the <a href="https://beincrypto.com/bitcoin-cash-falls-out-of-the-top-10-crypto-market-cap/" target="_blank">Bitcoin Cash core</a> is only just starting to <a href="https://twitter.com/deadalnix?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor" target="_blank">come out of his shell</a> since he left Bitcoin Cash last year.Over the past year, he has been writing code virtually non-stop and hasn’t even had time to attend any of the blockchain conferences he is regularly invited to.<h2>Bitcoin and countries</h2>Julia Magas: <a href="https://beincrypto.com/jpmorgan-challenges-el-salvador-bitcoin-ruling/" target="_blank">El Salvador</a> became the first country in the world to legalize bitcoin on par with the national currency – the U.S. dollar. Is this an important development?Amaury Sechet: It shows how far crypto has come from earlier bull runs in 2013 and even 2017. However, it’s not a major development. The big changes in crypto happen when technology moves by big enough leaps to make regulatory changes irrelevant. What is important this time around is how much people have been paying attention. But this isn’t because of a new law in El Salvador — this is because more people have a baseline understanding of cryptocurrency.JM: Why aren’t totalitarian and authoritarian regimes rushing to adopt bitcoin?AS: Totalitarian and authoritarian regimes are not rushing to adopt bitcoin for the same reason that no other governments are rushing to adopt bitcoin. Cryptocurrency brings transparency and accountability to areas that most legacy power structures would prefer to obscure. The potential shifts in power and influence are not fully understood, so it’s understandable that governments would take their time.<h2>Cryptocurrency and financial freedom</h2>JM: Cryptocurrencies are the embodiment of financial freedom, you said. At the same time, is this the goal of your new project?AS: Cryptocurrency is an important part of financial freedom. Especially today, where surveillance is on the rise and privacy is harder to come by, cryptocurrency will become a necessary part of financial freedom.However, cryptocurrency is not the whole picture. You also need the tools and ecosystems that can be built on a cryptocurrency, for example, what you see today with DeFi on Ethereum. On top of that, you need to build a culture that understands and wants financial freedom.If you can’t do all of these things, then your cryptocurrency will fail. We’ve seen this happen to a lot of cryptocurrencies that seemed big in 2017 but are no longer so impressive. So yes, enabling users to have full financial freedom is the goal of eCash. Cryptocurrencies that do not push forward everything needed for financial freedom will fail. This is why eCash has been designed with careful consideration for the big picture.JM: Do you think anonymity is what cryptocurrency users need most of all, or is this only one important aspect?AS: Anonymity is an important part of financial freedom, but I don’t think it’s what cryptocurrency users need most of all. A fixed and auditable supply, for example, is more important than anonymity.Still, it’s important that anonymity is possible. Users who want to remain anonymous need the appropriate tools. That’s why eCash already supports tools like CashFusion, which can yield anonymity comparable to existing privacy coins. We plan to develop more privacy tools in the future.<h2>The fourth financial revolution</h2>JM: What role do cryptocurrencies play in the fourth financial revolution that is happening right now? Can we say that one of the fronts of this revolution is the struggle between the banking system and cryptocurrencies?AS: I think cryptocurrency is often framed in this kind of simplistic “old vs. new” competition. That’s a limited way of looking at it.If <a href="https://beincrypto.com/its-not-too-late-to-invest-interview-with-stormgain-ceo/" target="_blank">cryptocurrency is successful,</a> it will not be because cryptocurrencies created better banks. Cryptocurrency will succeed by building systems that are ten times better than banks. They aren’t fighting over the same thing. For example, banks are not in the business of enabling financial freedom. Debt is the exact opposite of this.So, you could say that there is a kind of struggle between the banking system and cryptocurrency. But the idea that this struggle is competitive is mostly a distraction. Cryptocurrency is a financial revolution. Banks are banks.<h2>Thoughts on cryptocurrency ideals</h2>After the interview, I thought about what Amaury had said, my impression of him, and what remained outside the scope of this article.I started wondering how many people in the blockchain and cryptocurrency world are actually moving the industry down the path of Satoshi’s vision, not for the sake of hype, wealth, and money.Do fame and fortune get in the way of doing it right? Do cryptocurrencies need legalization and regulation? Should bitcoin be a copy of the dollar, and do we all really need the ability to buy a cup of coffee using cryptocurrencies, or should we expect something more of them?‍

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There are people in the blockchain and cryptocurrency industry who are zealous with their ideas and pursue them relentlessly throughout...

‘Crypto Is an Important Part of Financial Freedom,’ Says Amaury Sechet

Blockchain technology has evolved to not only be a tool for trade but also a much hyped wealth creation machine. However, high cost, increasing energy consumption, and high fees associated with cryptocurrencies like Bitcoin have limited opportunities for building wealth at the individual level. Since 2013, blockchain developers have worked to solve these problems by developing new cryptocurrencies.Amaury Sechet, the lead developer of Bitcoin ABC and creator of Bitcoin Cash, has taken the lead with eCash — his latest project. After vanishing from the blockchain radar for two years amid internal political disputes and the challenging crypto market of 2018-19, he’s begun implementing some hard lessons learned. In a follow-up interview, Sechet throws light on the crypto industry and his quest to redefine wealth through his latest eCash venture.Why eCash?eCash was born from over a decade of challenging technical leadership experiences in the blockchain ecosystem. From fighting software patents before bitcoin even existed, to diving head first into Bitcoin’s code, to launching the first major Bitcoin fork in response to SegWit and the blocksize debate of 2017 — the technical and cypherpunk heritage of eCash founder Amaury Sechet is unmatched in the crypto space. He’s also the self-proclaimed benevolent dictator, a term used less ironically given his reputation for hard (and occasionally unilateral) decision making. Sechet is working to redefine wealth by giving individuals the tools to live their lives the way they want while avoiding the growing constraints of the legacy financial system.Typically, wealth means having lots of local currency — having a nice house and a nice car. Few think beyond immediate luxuries and toward higher goals like generational wealth.What’s beyond wealth as self care? What about wealth in personal freedom? In privacy, in an increasingly supervised world? In personal safety, when it’s becoming increasingly dangerous to disagree with the majority? Old cliches like “money in the bank” don’t even make sense today. Needs have changed, and the tech to meet those needs will unlock the next crypto boom.eCash provides regular people with a tool for personal wealth development and protection, using tools and techniques learned from the hard lessons of crypto conflict.Both the government and mega corporations influence wealth development. So how can individuals with different views succeed?Under the growing threat of cancel culture, people are finding their worldview increasingly more difficult to share. COVID was only the latest iteration of this phenomenon.As the technical arms race continues on both sides of individual liberty, self-censorship is the new normal. It seems inevitable that culture will fragment into incompatible views of what's real.However, Sechet envisions a world where everybody thinks for themselves and pushes forward a solution to the alternating viewpoints:"I think we've lived through a unique period in history, during the early internet, where information was more accessible than it ever was before, or ever will be again."Why did Bitcoin Cash fail?Sechet, who created Bitcoin Cash, is blunt about its prospects for success after a series of political blunders.“Since we left BCH, it dropped from the 5th most valuable coin to the 13th, and all the major contributors left, including the Bitcoin ABC team, which created BCH, but also James Cramer, creator of SLP and many others. Now Bitcoin Unlimited wants to create a new coin.”What are some of the challenges you face in starting a new cryptocurrency?Leaving an existing project to start a new coin with a new community is a difficult decision, especially in a tech arena where first mover advantage and network effects play such a dominant role.“Leaving [the Bitcoin Cash] ecosystem is a big step back, and difficult for me personally. It is always difficult to let your child go, but in this case, there is nothing more I can do to save this child. It has chosen its path.On the other hand, eCash is starting much smaller, but is much healthier. The technology is improving fast.”Ultimately, the need for technical progress to remain competitive with other leading cryptocurrencies like Ethereum made it necessary to launch eCash.How will eCash overcome the roadblocks limiting bitcoin?Early cryptocurrencies like bitcoin have suffered recently from limited features and growing public concern over environmental impact. Competitors like Ethereum are taking the lead by moving away from costly mining and offering more powerful features than legacy competitors like bitcoin.Sechet is committed to staying competitive at the cutting edge of the crypto space.“The second half of the year will see more marketing and technological improvement. First Avalanche will enable instant confirmation, but once this is deployed, we want to focus on deploying an Ethereum Virtual Machine (EVM) based solution that can interact with the eCash chain.We think it is important that people can deploy both EVM based projects and Bitcoin-based projects on eCash with as little friction as possible. By doing so, they’ll benefit from much smaller fees, instant confirmations and the capability to interact between systems which have been isolated from each other until now.”‍

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Blockchai technology has evolved to not only be a tool for trade but also a much hyped wealth creation machine. However, high cost, increasi

Interview with Amaury Sechet, Financial Freedom Fighter, and eCash Benevolent Dictator

Join us on Youtube for a Community AMA With Crypto Child &amp; Bitcoin ABC Benevolent Dictator Amaury Séchet. <h2>Bitcoin ABC의 성공적인 리브랜딩 프로젝트 ‘eCash’</h2><h3>2021년 7월 14일 (수) 6시</h3><figure class="w-richtext-figure-type-video w-richtext-align-fullwidth" style="padding-bottom:56.206088992974244%" data-rt-type="video" data-rt-align="fullwidth" data-rt-max-width="" data-rt-max-height="56.206088992974244%" data-rt-dimensions="854:480" data-page-url="https://www.youtube.com/watch?v=40iFkQsacag&list=PLRLNXURl9_x6RzZx2zgnIIKwrnI8gnUOq"><div><iframe allowfullscreen="true" frameborder="0" scrolling="no" src="https://www.youtube.com/embed/40iFkQsacag"></iframe></div></figure>Youtube: <a href="https://shorturl.at/inyCM">https://shorturl.at/inyCM</a>Telegram: <a href="https://t.me/eCashKorea">https://t.me/eCashKorea</a>

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Join us on Youtube for a Community AMA With Crypto Child & Bitcoin ABC Benevolent Dictator Amaury Séchet. 

July.14.2021 6pm (KST) South Korea Community AMA
July.14.2021 6pm (KST) South Korea Community AMA
July.14.2021 6pm (KST) South Korea Community AMA

Bitcoin ABC의 성공적인 리브랜딩 프로젝트 ‘eCash’

2021년 7월 14일 (수) 6시

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‘Crypto Is an Important Part of Financial Freedom,’ Says Amaury Sechet

Interview with Amaury Sechet, Financial Freedom Fighter, and eCash Benevolent Dictator

July.14.2021 6pm (KST) South Korea Community AMA July.14.2021 6pm (KST) South Korea Community AMA July.14.2021 6pm (KST) South Korea Community AMA

Bitcoin ABC의 성공적인 리브랜딩 프로젝트 ‘eCash’

2021년 7월 14일 (수) 6시

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‘Crypto Is an Important Part of Financial Freedom,’ Says Amaury Sechet

Interview with Amaury Sechet, Financial Freedom Fighter, and eCash Benevolent Dictator

July.14.2021 6pm (KST) South Korea Community AMA
July.14.2021 6pm (KST) South Korea Community AMA
July.14.2021 6pm (KST) South Korea Community AMA

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