JTBC Deal

Dec. 14, 2023

The JTBC deal has been finalized. This morning, six wallets, each containing 100,000 Mo, were donated to JTBC.

I don’t consider myself someone who gets carried away easily, but the JTBC deal just blew me away. It didn’t bring tears to my eyes like it did for many people in the community, but it distracted me enough not to focus on my work. The deal obviously signals the end of Phase 1 and the beginning of Phase 2.

Phase 1 was all about re-enacting the Bitcoin phenomenon. With airdrop events spanning six months, the BTCMobick project proved that it is possible to recreate a sought-after cryptocurrency, just like Bitcoin.

Phase 2 is about integrating this whole project into the business sector. Other blockchain projects, like Ethereum, are all talk and no real-life integrations. Big words like ZK interoperability, danksharding, or layer 3 aggregator don’t help make real changes. They need something easier that the average Joe can use every day, like people using the Internet without understanding what TCP/IP is. Giant businesses with popular products and real-life services can make it happen if someone guides them in the right direction. Those intoxicated with dogma like decentralization and liberalism would loathe such moves, but this project is not bound by anything.

And you don’t have to do it in every nook and cranny of the world. The founder thinks that if people make enough noise in South Korea, the buzz will inevitably cross borders. Fancy branch offices in Hong Kong, Singapore, and Dubai might be good for publicity but are not very cost-effective.

Once the door is open, the rest is easy. The JTBC deal is the beginning of many upcoming pieces of good news we can expect. Prices will rise and fall as usual, but we have things to look forward to: more and more business partners. With each partnering with a business, Mobick’s prices will jump. More individual investors and developers will jump on the bandwagon, helping the ecosystem grow further. It’s highly unlikely that we'll see a vicious cycle or a death spiral common in most blockchain projects.

People have started to commit themselves to this project. Full-time P2P trading middlemen and more exchanges are just starters. App developers and programmers are joining in, and businesses are lining up to partner with this project. The Mobick Council, a governance group, has been set up to prepare for any major business deals. The December calendar on my desk is filled with project-related appointments. Now you can see why it is hard for me not to get carried away.

Sometimes it’s enough for you to be on a big wave because it gets you farther than a place you’ll ever get to on your own.

*The project team parted ways with JTBC because their left-leaning political stance was deemed harmful to the community. The 600,000 MO donation was burned on September 9, 2024.

#JTBC #Mobick #BTCMobick