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Coin Fugazi Podcast 11: Builders on Bitcoin Cash Excited for New Coinbase Rule
Coin Fugazi Podcast 11 features economist Sean Ballard and developer Tobias Ruck. Ballard is a trained economist and accountant who also works on cryptocurrency adoption. Ruck is a developer and entrepreneur celebrated for his Be.Cash merchant tool. Both are excited by the bold infrastructure funding mechanism, a new coinbase rule for Bitcoin Cash (BCH) set to take effect November 15th, 2020.
Sean Ballard is a trained economist and accountant. He's got a nice grasp of the academic, mainstream landscape paired with real-world experience (as you'll hear). Combined with his penchant for Austrian economics, Ballard plunged himself into cryptocurrency as an investor and evangelist.
He's boots on the ground, urging merchants and cash-based businesses to take a deeper look at the advantages of crypto. Inevitably, Ballard found his way to peer-to-peer electronic cash in the form of Bitcoin Cash.
His take on the new coinbase rule for BCH is both philosophical and pragmatic, and he's keen to emphasize the aligning of incentives by way of the new coinbase rule's innovative arrangement between miners and developers. Ultimately, Ballard believes the new coinbase rule will bring about an era of professionalism to BCH.
Tobias Ruck is somewhat better known to the BCH community in that his Be.Cash project garnered a lot of praise. It's a twist on leveraging the convenience and network effect of credit cards using Bitcoin Cash. It's so incredibly simple and amazing, you'll kick yourself for not having thought of it.
He too supports the new coinbase rule for BCH, but from a builder's perspective. He demands stability. He must have confidence in what undergirds the network, from the code itself to the maintenance and development team.
Our discussion covers the basics but also hovers around another wrinkle: this is an urgent moment in world economic life. We ponder Hayden Otto (CEO of BitcoinBCH.com) and his contention we're in a fiat end game of sorts. We mostly agree with Otto's outlining of the issues involved, and we're also convinced BCH can be poised to be at least part of the answer should disaster come.