@BitcoinCashThoughts 30 January 2021 edited

Mythbusting: IFP is the best fund option

**BitcoinABC** (BCHA) say that with Infrastructure Funding Plan (IFP) called the coinbase rule, which reinvests 8% of each BCHA block reward to fund future development will help BCHA scale to become sound money for the world. **Bitcoin** **Cash** (BCH) supporters, on the other hand, believes that IFP is a "Statist's solution to funding" and voluntary donation model can help fund infrastructure to allow Bitcoin Cash to thrive and succeed. So why the difference in opinion? To answer this, we need to explain the technical differences between BitcoinABC's coinbase rule and Bitcoin Cash's voluntary funding model. On January 23, 2020, the Infrastructure Funding Plan for Bitcoin Cash was published by Jiang on medium. The IFP proposal was strongly opposed by the community and all the discussion around the IFP was extremely stimulating. A group of developers created a fork version of the ABC software without the IFP called Bitcoin Cash Node (BCHN). Flipstarter, during that time was also born and carries the idea of voluntary funding. During the launch of Flipstarter, there were 6 historical campaigns. BitcoinABC being unable to receive enough support from the community to raise a successful flipstarter pursued its own way and forked from BCH last November 15, 2020. Bitcoin Cash ABC (BCHA) was born. The Separate Ways ****BCHA**** pursued IFP, every 8% of its block reward is reinvested to fund future network development. **Building the BCHA Network** 0.22.6 node software https://www.bitcoinabc.org/releases/#0.22.6 0.22.7 node software https://www.bitcoinabc.org/releases/#0.22.7 Resource Page for BCHA services https://www.bitcoinabc.org/bcha/ Cashtab https://cashtabapp.com/#/wallet Electrum ABC https://www.bitcoinabc.org/electrum/ Guide to help users split their coins between BCH and BCHA https://blog.bitcoinabc.org/2020/11/25/how-to-split-your-bch-bchn-and-bcha-coins-using-electrum-abc-and-electron-cash/ Set up gRPC and other API services to help developers work with BCH https://grpc.fabien.cash/ https://rest.kingbch.com/ This is what IFP have achieved. *[ Note : There is no report for December 2020, so currently this is only the public information available ]* **BitcoinABC November 2020 Income** 286.5612936 *BCH* 265.939859415 *BCHA* **BitcoinABC November 2020 Expenditures** 416.408549 *BCH* ****Bitcoin Cash (BCH)****, on the other hand, continues to build through voluntary funding model **Building the BCH Network** EatBCH https://eatbch.flipstarter.cash/ BCHD https://bchd.flipstarter.cash/ Bitcoin Verde https://verde.flipstarter.cash/ Bitcoin Cash Node https://bchn.flipstarter.cash/ Knuth https://knuth.flipstarter.cash/ Cultura BCH Ryver Venezuela Organic Education and Adoption http://flipstarter.ryver.site/ mainnet.cash https://flipstarter.mainnet.cash/ bitcoincashj https://flipstarter.pokkst.xyz/ BCH DevÇon III https://flipstarter.devcon.cash/ Integrate BCH at Bitfortip http://138.68.81.43/ Help Mark Lundeberg work on Bitcoin Cash https://bitcoincashfund.com/ Electron Cash Flipstarter https://flipstarter.electroncash.org/ KNUTH NODE AS A C#/. NET LIBRARY https://campaigns.kth.cash/?id=10 Venezuela Workers Fundraising https://flipstarter.venezuelaworkers.net/ Gameflame.cash Flipstarter Campaign http://flipstarter.gameflame.cash/ EatBCH: Helping those in need and increasing adoption https://flipstarter.eatbch.org/ BCH on Coinkit https://flipstarter-coinkit.blockcurators.com/ Fund jtoomim for 3 months of BCH dev work https://flipstarter.toom.im/ Rust Tournament Fundraiser-Frag Mod http://134.122.40.167/ Funding for an Alternative Fullnode Implementation written in JavaScript http://flipstarter.cashfullnode.com/ Satoshichip.io-Crowdfunding http://flipstarter.satochip.io/ member.cash flipstarter http://flipstarter.member.cash/ BitcoinCash Site: A Marketing & Business Onboarding Hub for Bitcoin Cash https://flipstarter.bitcoincash.site/ And some other successful flipstarter campaigns here. https://flipstarters.bitcoincash.network/#/completed Bitcoin Cash's voluntary funding have successfully funded **47 projects** and raised **6021.73 BCH** (at the time of writing) Deassembling the Myth, ~~IFP is the best fund option~~

The IFP is simply not the best fund option because it is not. Voluntary funding model have shown that it can do a lot to secure a bright future for Bitcoin Cash through voluntary funding. It had also provided an adequate level of stable funding to developers, holders, miners and pools, and anyone who wants to organize a fundraise so that Bitcoin Cash remains a strong and vibrant cryptocurrency which are originally the goals stated in the IFP's proposal introduction. https://medium.com/@jiangzhuoer/infrastructure-funding-plan-for-bitcoin-cash-131fdcd2412e ________________________ REFERENCES https://medium.com/@jiangzhuoer/infrastructure-funding-plan-for-bitcoin-cash-131fdcd2412e https://read.cash/@tula_s/flipstarter-vs-ifp-b0a9915f https://blog.bitcoinabc.org/2020/12/30/our-transparency-report-for-november-2020/ https://flipstarters.bitcoincash.network/#/completed (thank you @Omar for helping me find this) Lead Image Source https://pixabay.com/illustrations/volunteers-hands-voluntary-help-2653999/ **simpleledger:qq3l9er3393zkv667gtt2jzkklfytdqy0vj0p76m4j**