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.