@Cain
more from that month
Where I'm at in my BCH journey
***Monday, November 9th, 2020, 6 days before the fork*** For the past three years, it's fair to say that my life has been consumed by Bitcoin Cash. In that time, I've spent countless hours learning how it works, talking to others about it online, all while trying to accumulate as much as I could afford to buy. Whenever I had any free time you'd probably catch me watching BCH related videos or listening to podcasts discussing the latest developments. And if I wasn't consuming BCH content, I was probably busy writing and creating content of my own. But for the first time in three years, I find myself losing some of that passion I once had. I guess you could say I've become disheartened. Although I still believe that BCH has the potential to become a world changing technology, I am less confident than I was before. As someone who uses Bitcoin Cash every single day, I frequently experience issues that clearly need to be ironed out if BCH is to become world money. It's evident to me how much work needs to be done before this network can present itself as a serious alternative to the traditional financial system. Work that will not only require a great deal of resources, but a great deal of collaboration as well. It's no secret that I am a big proponent of the IFP. I think it's an experiment that not only deserves to be tried, but has the potential to be the perfect antidote to the problems that have plagued Bitcoin since its inception. I also believe that Bitcoin ABC is the right team to test pilot the new coinbase rule and have every right to charge for their services. But with that said, if miners are unwilling to pay, and would rather choose a substitute team with less experience, that is their right as well. Basically it seems like we've reached a stalemate, and as a result I find myself concerned for the future of this project. Recently we saw a bug in the Electrum SV wallet lead to a BSV user losing 600 of their coins due to poor testing and bad infrastructure. I worry that without the guiding hand of ABC, the Bitcoin Cash network could end up facing even worse situations in the future. For that reason I actually considered selling my coins and finally moving on with my life. But as you may have guessed, if I'd been able to do that I wouldn't be sitting here writing this article. I obviously have no idea what's going to happen six days from now. This article isn't meant to try and influence anyone's thinking, or offer up any solutions. I just wanted to share my thoughts and say that while I still believe in the BCH mission of creating the best money the world has ever seen, I'm afraid we might just be wasting a golden opportunity, and it might be one that never comes again. [sponsors]
12 comments
If you ask me, 'firing' an implementation trying to centralise the coin by attempting to add their own tax to the coinbase is the best thing that could ever happen to any crypto. It proves that decentralisation might have a future in this crypto experiment. https://www.youtube.com/watch?v=prPBVkRgj6g
glad no one asked you, then.
I would say the market is still early enough for an experiment. The average users who want to get into crypto are still huge compared to the crypto nerds or traders. They need something more user friendly, integrated and stable without much drama. We will get over this final drama and get on building for the mainstream.
Everyone is really worried about what will happen on Nov 15... I don't want to sell my coins and will just gonna hold it. still hoping for the best..
I don't know what to do with my BCH actually but I am still hoping for the best after Nov.15..
Don't worry. Nothing will change.
IMO there needs to be MORE incentive to mine on BCH to get the hash rate up. Taking a cut out of the miner's reward is not going to help. Devs will come out of the woodwork for free once BCH moons.
That's a great plan. Moon and devs work for free. Brilliant
If BCH mooned, it would not need miner incentives. The idea of the IFP is to make it moon sooner. I doubt these ideas matter now.
> I also believe that Bitcoin ABC is the right team to test pilot the new coinbase rule and have every right to charge for their services. so long as they fork their "test pilot" to a new coin, I don't think there is anyone that disagrees with you .. i continue to wish the ABC team all the best with their experiment
Investing in infrastructure is key but how you make those investments is even more valuable than making then...
Like you, I think BCHN is a risky move. I hope we are wrong about the danger.