Supporting the New Bitcoin Cash Coinbase Rule

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Avatar for CoinFugazi
3 years ago

The scheduled upgrade for Bitcoin Cash (BCH) incumbent implementation, Bitcoin ABC, on November 15th, 2020 will include a new coinbase rule, redirecting 8% of mined BCH to fund protocol development. For once and all, major debates and objections will finally get a chance to settle. Potentially, ABC will then have resources going forward, ushering in a new era of developer professionalism. Or, Bitcoin Cash Node (BCHN), the contingent leading a break from ABC, developing its own rival client without the new rule, will either replace the incumbent or have its own coin (depending on how things shake out, the same might be said for ABC in losing the ticker). Whatever the case, a grand experiment in peer-to-peer electronic cash is taking place.

Support for the New Bitcoin Cash Coinbase Rule

It's time to state it plain, make it known. It's time to take sides. It's time to drop tribalism by, ironically enough, supporting a tribe. Count me as a supporter of Bitcoin ABC and Amaury Séchet. Count me as a supporter of the pending coinbase rule for Bitcoin Cash.

At present, however, it looks like the end for ABC and its lead developer Amaury Séchet.

BCHN and its supporters gathered what amounts to a lion's share of notable BCH projects, miners (as opposed to mining pools), influencers, and developers. More recently, mining pools such as Binance, Huobi, BTC.Top, Hashpipe, P2Pool, F2Pool, Easy2Mine, and Bitcoin.com have all begun signalling support for BCHN.

I've dismissively labeled current goings-on as the Bitcoin Cash Civil War because, quite honestly, there doesn't seem to be much of a war when looking at the two sides. It's Séchet against "the community." Some war! This thing is over before it started. What makes up the outward face of BCH has simply left ABC and Séchet in the digital dust.

Foolish

The most well-known Bitcoin Cash evangelist, Roger Ver (founder of Bitcoin.com), appealed to those in support of the new coinbase rule and ABC to take their talents to projects like Dash, which has something approximating the setup loosely hinted at by Séchet and ABC (I don't think so, but it's a good point). Oof. There's the door, ABC supporters, you're welcome to use it. We're moving on. Fair enough.

A seemingly damning post about Séchet's real motives and plans was also recently published, complete with screenshots eerily admitting what looks to be a rather cynical play: incentives have all but forced ABC and Séchet's hand to take the chance at coding-in redirection of BCH's block reward ... even if that means effectively crushing the coin's speculative price short or long term and alienating the Bitcoin Cash "community."

A betting person would surely insist I back figures I've long admired such as Ver and those who make up BCHN. I'd be foolish to go against what is rather incredible momentum. The BCH "community" has rarely been this united about anything.

Evolving

Honestly, my opinion on Séchet and ABC have been evolving over the last few months. The late January roll out of the now infamous Infrastructure Funding Plan for Bitcoin Cash (IFP) was an utter abortion. I held my nose and wrote about the IFP as it was marketed, refusing to tip my hand as to personal feelings one way or the other.

I hated it. It was sloppily conceived, dark, sudden, and began to immediately fall apart. Authors of the IFP soon bailed completely or turned against Séchet and ABC, and the lack of emotional intelligence and diplomacy by ABC managed to alienate good, good people.

My dislike of the IFP hardened, in fact, over the next few months as it was tweaked and ultimately abandoned. It was wonderful to see BCHN emerge from accusations of whining and complaining, and for projects like Flipstarter to prove voluntary funding is viable in new and innovative ways. The BCHN lot is impressive and inspiring.

Leaving CoinSpice

Leaving the wonderful CoinSpice (where I was Editor-in-Chief) allowed me time to reflect. I no longer had to pretend at objectivity. The IFP at that point was done, gone, over. Or so I thought. I had a suspicion, as did most BCHN folks, it would reemerge at some point, but I was still surprised at the August 6, 2020 announcement by ABC and Séchet.

It'd be easy to blame the IFP and its resulting split of the BCH "community" on CoinSpice's demise, but that's not fair. I will say the IFP certainly didn't help matters. Though I personally was against it, BCHN folks were sure I was pumping Séchet and ABC and their ill-fated IFP designs.

The truth was much more nuanced. CoinSpice divided as a team, but no one on the staff knew my opinion. To their credit, no one at CoinSpice ever asked. I made it a point to just document the controversy as it unfolded. Again, until very recently, I was against the IFP and felt the BCHN uprising was healthy and very necessary.

BCH House on Fire

The time away also allowed me to go back and re-listen to the many interviews I conducted with Amaury Séchet over the years. I remembered controversies always surrounding him, fights with literally everyone in Bitcoin Cash who was anyone. He seemed to pick them for no good reason.

It was infuriating, I remember. So much to do! And here we were, back at square one, debating and meta-debating. Drove me insane. The overwhelming consensus was Séchet could not get along with a single soul. The months that followed as the IFP limped along only added to that notion.

Yet here we were, he and I, episode after episode, having pleasant conversations about the BCH house being on fire. Even when he and Ver were battling, and I confessed my affection and loyalty to Ver, Séchet would quietly laugh and explain how there was much to like about Roger.

Uncomfortable and Yet Heartened

It never seemed personal for Séchet. I came away with the idea he was building peer-to-peer electronic cash as best he could but was having trouble, to put it mildly, finding a cadre to assist him in the ways he desired. It became clear Bitcoin Cash was, essentially, his project.

That made me immediately uncomfortable and yet oddly heartened. Cries of centralization, CSW or Core-like attributes, are common when Séchet's influence on BCH protocol development is considered. That's understandable, but what I kept coming back to is how Séchet has a track record.

Everything he's doing now he could've done at various points, but did not. By some accounts, major movers and shakers as far back as 2018 were privately pushing early versions of an IFP. Yet Séchet plodded along, pleading and urging something be done about losing great developer talent due to funding.

I Agree

And Séchet cannot take credit for any BCH success without also assuming blame for its many, many stumbles. During our interviews, he admitted as much. He also flatly explained to me Bitcoin Cash had all but lost the battle in any hope for competing with BTC (its original reason for being). He seems to believe too many missteps were made ahead of him, too many gaffes, resources squandered on new-new things rather than taking care of infrastructure.

BCHN folks will point out Séchet's stubbornness has all but killed BCH and that funding is plentiful and willing with the right team. That seems relatively true, but that's not Séchet's point. Raising a million bucks, give or take, at the whim of a few BCH whales, who might or might not be around for the longer term, is no way to run P2P electronic cash for the world, he would argue.

I agree.

Only One Way to Find Out Who is Right

The debate is over. Now it's time to test all these theories and arguments in the wild. It's time for Séchet to direct the ABC team and protocol overtly as he sees fit, guiding the BCH protocol layer along with resources he claims to need if mining pools are so inclined.

Mining pools and miners and can opt-out and decide they're not keen. ABC could very well be skunked and sunk into oblivion, leaving Séchet a petty boss on a misfit coin island -- content to yell things in French to himself.

I believe, however, exchanges will ultimately stay with ABC and Séchet, and, as such, miners will follow along for no other reason than profit. There's little attention paid to BCH as a rule outside of the Bitcoin Cash "community," and, frankly, exchanges do not have time to deal with infighting. ABC is solid. ABC works. They'll continue to refer to it until basic economics tempts otherwise.

However Reluctantly

After November 15, 2020 BCHN will do its thing as a drop-in ABC replacement, and might even continue to innovate if they don't fork themselves off in the process. While a great many BCHN supporters will indeed drop from Bitcoin Cash altogether out of disgust or feelings of betrayal should ABC remain the BCH reference client, those with vested interests will eventually see the wisdom, however reluctantly, in Séchet's new coinbase rule.

ABC will remain the reference client for Bitcoin Cash and will thrive in the years to come as a result. The new coinbase rule will be scrutinized across the ecosystem as a daring way to fund protocol development, and funds collected will flow to a foundation-like arrangement which will set new standards for transparency among miners and pools who participate.

Séchet, in my experience, is honest to a fault. He doesn't hide. He's blunt. He's direct. He's ballsy. He's tough to get along with and won't allow anyone to touch BCH at the protocol level without severe tests, filters. I like that.

My Guess is Not

His passion is not up for a vote. He clearly has no truck in being popular. That might be exactly what Bitcoin Cash needs in its next phase. In 87 days, observers will get a sense of whether I am right. I am willing to concede BCHN could grab the ticker and convince miners and mining pools to bail on ABC. That's not horrible, but I think it's short sighted.

In that case, Bitcoin Cash begins anew, anew. They won't have Séchet to blame much longer after, and maybe rifts can heal and unheard of levels of developer cooperation can be had ... voluntary funding leading the way. Crypto kumbaya.

My guess is not. I frankly doubt anyone has Séchet's will to sustain BCH when things get hot, when there's conflict, when there's a dramatic drop in price. Séchet has been there, steadfast and consistent (even if you believe he's wrongheaded), and he can, via the new coinbase rule, recruit dev talent confident enough, well paid enough, to understand his vision and stomach his standards.

BCH needs a shaking out. It needs a new way. That can for sure mean losing some wonderful people and even the great Bitcoin.com. But, I cannot see BCH without Séchet's encyclopedic knowledge of the project and steel will. I've watched it from afar, I've seen it up close, I've heard and read the criticisms (all valid), and I understand the grave moral objections BCHN folks have to the ABC and Séchet path (BCHN are principled folk). Taking it all into account, I wish the BCHN super-duper-duper majority well. My bet is on Séchet and ABC.

_____

  • C. Edward Kelso is CEO of Coin Fugazi

  • CONTACT: cedwardkelso@gmail.com

  • More than a few folks have asked to donate directly to me rather than going through this site: bitcoincash:qzkdw8axyh8y6n38crp8k6herdlvvlmrp5k5tqdsm6

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3 years ago

Comments

Great article.

ABC has been "in charge" of BCH for years. The troll army just weaponized the status quo as if it was something new. Yes, it is a problem and Amaury's approach makes things worse than they need to be. I do want to see us fix the problem. I just hope we do it safely.

I am fine with replacing ABC's difficult to work with leadership in a smart way. I am concerned the current wave of often dishonest and misleading attacks are being used to fool the BCH community into making an emotional and rash decision to pass BCH's "reference client" to a team created by the troll army. A team led by an anonymous account and that has not offered to prove themselves first or do the work ABC has been doing for years. Even if BCHN takes over majority hash in Nov., I currently believe we need ABC's BCH as a back up to protect BCH from the small chance that BCHN is another infiltration attack.

$ 0.00
3 years ago

does not matter at all who BCHN are. the software is open source.

$ 0.00
3 years ago

So is BTC

$ 0.00
3 years ago

if you are trying to say that the stakeholders should not just blindly follow whatever the BCHN devs propose, then i 100% agree ;) https://read.cash/@tula_s/briefly-on-governance-ff06770f

$ 0.00
3 years ago

No, I am saying the code being "open source" is not a protection you should count on. It was not enough when BTC was captured.

$ 0.00
3 years ago

sure, it was not enough, because the stakeholders did just blindly follow. we are in agreement ;)

$ 0.00
3 years ago

I agree they blindly followed. The thing to be careful of is being blinded by professional social engineering efforts. I believe that is what made the difference with BTC and may be manipulating BCHN fans.

$ 0.00
3 years ago

...or the ABC fans. Or both.

$ 0.00
3 years ago

ABC fans, other than my limited support, are nearly silent. The anti's are very vocal and dominating the conversations. The social engineering firms do not appear to be supporting ABC at all.

$ 0.00
3 years ago

bullshit :) you, vin, shammah, hayden, cain, ... not silent at all .. you have ~50% of the drama

$ 0.00
3 years ago

You made me ABC supporter actually. Good job!

$ 0.00
3 years ago

BCH would be better off splitting than infighting imo.

$ 0.00
3 years ago

ABC is far from the first actor in the bitcoin space to do good things before doing bad things. ABC has already shown a history of contention, but that didn't matter as much, because there were still competing implementations, a key to the survival of Bitcoin as decentralized currency.

Now, at the end of the day, ABC is arbitrarily changing the definition of a block without any sort of consensus, and that is the first unforgivable sin ABC has performed. If ABC only made the 8% a default in their client, but not a requirement for other blocks, it would be a soft fork, and there wouldn't be a split. However, it is disingenuous to suggest that because only having some miners "choose" (by default) to contribute wouldn't be fair, it is somehow more fair to force all miners to contribute. This is a hard fork away from decentralization.

ABC had another option. They could have laid their cards on the table. They could have said "we are out of money, and we will be closing our doors on <x date>. <X people> will be laid off as of that date and no new releases of our node software will be created after that date. If they said it and meant it, one of two things would have happened: 1) Some funding would have appeared from those who wanted to provide it and ABC could have continued. 2) ABC would have closed, some people would have lost jobs, and development would have either been taken over by another group who could follow the roadmap in a more efficient manner or the community would have followed the most-wanted parts of the roadmap over a longer timetable.
Either of those outcomes would have been acceptable and the decentralized currency I've been supporting since 2011 would have lived on.

Considering this, my stance remains that ABC is no longer a contributor to decentralized currency, they are now an attacker. To be fair to ABC, most entities in power that become bad actors don't believe they are becoming bad actors, it is far too easy to believe that the ends justify the means, and be blind to the very fact that the means will destroy the ends.

However, to supporters of ABC, maybe you don't care about decentralized currency, maybe you favor short term market value and technical progress more than decentralization. In that case, Roger is most certainly right, there are plenty of other projects that better align with your short term goals.

$ 0.10
3 years ago

Very sophisticated dishonesty.

$ 0.00
3 years ago

I just really don't want to see another Hard Fork, not matter what. I'm afraid we are moving in that direction though, and if that happens, I'm afraid that I'll have to hope for the losing fork to fail - hard. We can't keep dividing this community. BCH is a good idea, but it needs unity to keep going forward.

$ 0.10
3 years ago

We want to see Bitcoin Cash in Top 5 crypto currency.It is now in demand.We all should promote Bitcoin Cash.Though one day it will be like the Bitcoin (BTC).Who want this. Please comment in my comment box.I will try to reply allyour comments.Thank you all.I am waiting for your response.Guys please let me know what you think.Best Of luck

$ 0.00
3 years ago

year 2020 is really hard, man

$ 0.00
3 years ago

So hard

$ 0.00
3 years ago

Thanks for valuable contain. Al suggestion is helpful. This article make better doin for us.

$ 0.00
3 years ago

this article is a shedding light

$ 0.00
3 years ago

This post gets stuck in to my head ...whenever i see this post i like to commenr in this such a great post with brilliant knowledge ....thanks for it ❤❤Lets subscribe each other ...💥💥💥

$ 0.00
3 years ago

informative article.

$ 0.00
3 years ago

Count me as a supporter of Bitcoin ABC and Amaury Séchet.

$ 5.00
3 years ago

Your right.

$ 0.00
User's avatar Taj
3 years ago

Dude you're such a bootlicker.

$ 0.00
3 years ago

Bad bot

$ 0.50
3 years ago

Imagine getting shat on for interviewing the Lead Dev of ABC NEUTRALLY to explain himself and the IFP, all while there was one livestream after the other meeting the devil halfway. If this alone doesn't make you want to reject BCHAZers, you're simply part of the problem.

I don't care how insulted you feel, for calling you out and adding some cussing, as I am seeing every single one of the mobsters either being vicious themselves, OR totally supporting the most toxic individuals in the space even in leadership roles. From wrenchthrowing psychopaths to obnoxious c-class devs, that can't get over the fact they got fired for simply doing too bad of a job at ABC. That anyone even dares to call out "behavior" on the other side, while at the very same second pushing and supporting the toxicity in one's own group is reason enough for me to ngaf about them.

$ 0.00
3 years ago

As it is right now, the chain can't split at the upgrade unless BitcoinABC has minority hashrate AND the ABC miners choose to split over it (which they aren't likely to do because it's bad for their profits.) If BCHN has minority hashrate, BCHN nodes follow the longer ABC chain and constantly re-org, orphaning their non-IFP blocks, mining at a 100% loss until they give up (and they're not going to hold out long at those losses ha.)

So take heart! We're check-mated into all staying together.

I'm waiting to see the structure of the IFP, but if it's a good structure, like a foundation with Jihan and cross fingers Roger on the board, then I am all for it.

$ 0.00
User's avatar Mel
3 years ago

BCHN can force a split rather easily. They have claimed the will not do that. They recently removed the language from their mission statement that promised they would not do that. I doubt they will mine orphaned blocks for more than an hour or two.

$ 0.00
3 years ago

Here 's the thing, there was an IFP structure, it was voted against. Now there is this rule being forced into one node implementation by one person. This isn't an IFP, and it's not typically possible to gain the support of people who are against something after you try to force that something down their throat.

$ 0.00
3 years ago

Like me.. Thank you.

$ 0.00
User's avatar Taj
3 years ago

Ifp sucks

$ 0.00
3 years ago

Nice one! 😁

$ 0.00
3 years ago

Developers and Programmers deserves 8% fees from miners. 👌#NewCoinbaserule.

$ 0.00
3 years ago

Wow man awesome content loved it 😊😊

$ 0.00
3 years ago

Thank you shareing this article

$ 0.00
3 years ago

Bitcoin Cash Coin base Rule information

$ 0.00
3 years ago

Crypotocurency is chance upstoptable now high mybe later down. Btw nice very informative

$ 0.00
3 years ago

thanks for the article it shows the deeper side of the BCH and it enlighten alot of users

$ 0.00
3 years ago

Your content is so good. I learn a lot from your article.

$ 0.00
3 years ago

Good

$ 0.00
3 years ago

What I can only say is, it's a great one. 👍👍

$ 0.00
3 years ago

This is a verry good idia.thanks fos posting.well done and go ahead

$ 0.00
3 years ago

It a good article and nice **

$ 0.00
3 years ago

8℅ is more than enough

$ 0.00
3 years ago

Omg why bitcoin value is increasing day by day ....we cant buy it ....if we buy lets hold it ..in future it will increase more and more ...thanks for likes ❤❤❤

$ 0.00
3 years ago

Wow Nice article I love this pos You are so brilliant

$ 0.00
3 years ago

Cryptocurrencies changges is unstoppable. For good or for worst lets see what will happen next.

$ 0.00
3 years ago

I am supporting Amaury and BitcoinABC vision. 👌

$ 0.00
3 years ago

This is an awesome content, keep up the good work.

$ 0.00
3 years ago

Bitcoin cash is rising, we should try to invest in crypto. Thanks to your article it really help us

$ 0.00
3 years ago

Wow great😍😍😍

$ 0.00
3 years ago

I personally would support Bitcoin ABC. I would state my reasons in the article I will publish this weekend

$ 0.00
3 years ago

Bunos sir🙏

$ 0.00
3 years ago

Wow Nice article I love this pos You are so brilli

$ 0.00
3 years ago

I dont understand it whole

$ 0.00
3 years ago

count me in also. i will support the Bitcoin ABC

$ 0.00
3 years ago

Count me as a supporter of Bitcoin ABC and Amaury Séchet.

$ 0.00
3 years ago

a real infraction is very important for everyone . Wrong information maked everyone loses. Thanks for your information. We want always know something. Subscribe me to know more

$ 0.00
User's avatar Mrm
3 years ago

Nice

$ 0.00
3 years ago

BCH can be the one of the top crypto soon

$ 0.00
3 years ago

Wow Nice article

$ 0.00
3 years ago

This is very informative article especially we are facing crisis ( covid19) right now. Continue to inspired people like me to write more articles. 😊😊

$ 0.00
User's avatar May
3 years ago

Im really a great fan sir🤩🤩🤩

$ 0.00
3 years ago

Great information thanks, more great post please

$ 0.00
3 years ago

I support this movement boss

$ 0.00
3 years ago

Thanks for this info

$ 0.00
3 years ago

Have already share this article with about 17 close people of mine, almost all of them reply something like this. "This is a 21st century development and a welcome one for that matter, I'm in and also in support of Bitcoin ABC and Amaury Sechet" I'm in too, Sir !

$ 0.00
3 years ago

I am willing to concede BCHN could grab the ticker and convince miners and mining pools to bail on ABC.

The ticker does not belong to ABC and also not to Aumary. BCHN will not grab anything. The Exchanges will decide which chain will get which ticket. Probably the longest chain will keep the ticker. The miners act according to economic incentives and not because of conviction. They will use the software that is most economical for them.

$ 0.00
3 years ago

yes, that software is ABC.

$ 0.00
3 years ago

This is possible, but we will not see it until November 15.

$ 0.00
3 years ago

Wow good news Great work Cool nice article

$ 0.00
3 years ago

good information

$ 0.00
3 years ago

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$ 0.00
3 years ago

Nice

$ 0.00
3 years ago

Need make world wide office. Need thinking safety and forward for growing up. If I not like crypto but also this keep going forward. I am sure.

$ 0.00
3 years ago

Count on me also and really thanks additional info about bch

$ 0.00
3 years ago

Nice article so much informative and motivative about crypto curency Thanks for sharing this good one article keep up the good work.

$ 0.00
3 years ago

Nice article!!!!And i want to share to others friends for read that article

$ 0.00
3 years ago

Count on me also and really thanks,,,,,

$ 0.00
3 years ago

Nice article dear

$ 0.00
3 years ago

Keep it up doing creating articles sir

$ 0.00
3 years ago

What a nice article.

$ 0.00
3 years ago

In support

$ 0.00
3 years ago

this bitcoin helps alot of people thankyou and support each other

$ 0.00
3 years ago

Well supporting this it was benefit for us i think

$ 0.00
3 years ago

I want money emergency😥

$ 0.00
3 years ago

Nice work

$ 0.00
3 years ago

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$ 0.00
3 years ago

Great article! Bravo!

My only gripe is this:

It's time to take sides. It's time to drop tribalism by, ironically enough, supporting a tribe.

Is this true? Or are we letting politics make it true? Is there really know other solution other than to finally take a side and cast your vote?

I am a firm believer this is not true because if it is, the implication is that there MUST be a split. To beat a dead horse... IF THIS WAS A DEBATE OF FUNDAMENTAL TECHNICAL DIFFERENCE, I WOULD BE THE FIRST TO CHAMPION A SPLIT. BUT THIS IS NOT THAT. The main focus is funding and governance. Two very important discussions to be sure, but neither of which is probably worth the damage of a split.

Even governance (arguably the more important focus of the next year) is really a pseudo-argument. By virtue of how things have developed, there has been a status quo that has been fairly resilient and good enough. Could it be better? Sure. Should we work to make it better? Absolutely. But the enemy of a good plan is a perfect plan.

I believe the good plan is trying to put aside differences and focus on catering to the needs of people in this project, namely the nodes, businesses, and influential developers. This could mean finding better ways to fund and accepting more people into the sphere of influence. The perfect plan is "let's fork to rid ourselves of dictatorship" or "let's fork to rid ourselves of commies and bad developers". This will cause critical immediate damage in terms of reputation and adoption, with no guarantee that other issues won't arise in the future (and they inevitably will, though their impact is still largely unknown).

Is it really so hard to imagine a scenario where, in the next two months, we have key people from ABC outlining what a compromise would look like? From BCHN? Do voluntary players have to be pushed to take the third side of "if there's a split, i'm selling my coins and diverting my attention away from BCH, not convincing family, friends, and businesses of its usefulness because I myself am not so sure of it anymore."?

I agree we need to take action. I agree it should be swift and effective. But unilaterally saying "this is what it is now- because progress" is not the way to do that.

I want to see Amaury and ABC make boatloads of money. I want the independent developers and businesses to have their needs listened to and suggestions discussed more openly and seriously. I want BCH to be successful.

To believe that the (only) way to do that is by taking sides is incorrect. Another option is to bring these key players to the table and force them to understand what they haven't, or don't want to...

It is not a pipe dream to imagine better solutions. People may offer disgruntled remarks of "this has been tried", "it won't work", "this has gone on for too long." etc... This is noise. If that were true, the way things have transpired in the past few months would not have occurred in the way they did. That is a fact.

There is still time. I hope we seize it...

Cheers, Mono

$ 0.01
3 years ago

Well said. Sadly, if I am right, the Mob and the anti-BCH social engineering agents that fanned them into this emotional fury will not rest. They will not let the community settle down and discuss anything rationally.

$ 0.00
3 years ago

I agree with your statements. This is not about technical but rather who controls of what like situation.

$ 0.00
3 years ago

No thanks to 8% coinbase tax.

$ 0.00
3 years ago

Need btc thank you

$ 0.00
3 years ago

I love the idea of the listing on coinbase it would skyrocket our own BCH @coinfgazi

$ 0.00
3 years ago

Very educative and informative

$ 0.00
3 years ago

Great step

$ 0.00
3 years ago

Thanks for the article

$ 0.00
3 years ago

[Removed comment]

$ 0.00
3 years ago

Thank you for this post.

I understand why one can follow Amaury. He has done a lot for Bitcoin Cash and should be thanked for that. However, his recent behavior (and especially this last move) is really disturbing. That's why people (including myself) want to have another leadership, even if this cause uncertainty about Bitcoin Cash's future.

I believe, however, exchanges will ultimately stay with ABC and Séchet, and, as such, miners will follow along for no other reason than profit.

I am really not sure about this: Binance and Huobi mining pools have been signalling support to BCHN (https://cash.coin.dance/blocks). Exchanges will follow what they perceive as the most wanted by "the community" (people using, accepting and holding BCH) and I think BCHN ruleset (no 8% IFP) have a clear advantage right now.

$ 0.00
3 years ago
$ 0.05
3 years ago

Well written article. Upvoted for that.

and funds collected will flow to a foundation-like arrangement which will set new standards for transparency among miners and pools who participate.

Last I saw it was just a single address without any details about any particular foundation. You must have more information than I do.

The more I think about it I can't help but feel like forks might just be a good thing. Thankfully crypto is not a democracy and so we aren't forced to accept things we strongly disagree with. Let the community split once again and let the market show us who was right.

$ 0.00
3 years ago

Thank you

$ 0.00
3 years ago

Great🤩 plz subscribe me back

$ 0.00
3 years ago

Nice article!!!!And i want to share to others friends for read that article

$ 0.00
3 years ago

I don't know what the fight is about. Will all users get ABC as well?

$ 0.00
3 years ago

informative article.

$ 0.00
3 years ago

Guys anyone help me to buy secondhand phone for my schooling purposes. This phone in not mine. Trust me and help me either small amount of money to you but for me it big donations.

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3 years ago

The suggestion I made about Bitcoin Cash through your article, I think it will serve as a far-reaching plan for the future and those of us who have used Bitcoin Cash will benefit greatly. Thank you for sharing such an important article with us. If you like my committee, please subscribe to me.

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3 years ago

Nice Subscribe back

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3 years ago

Nice more subs to come

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3 years ago

Nice

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3 years ago

Nice more subs to come

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3 years ago
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3 years ago

Nice information

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3 years ago

we should support what is good for BCH. Thanks for this informative article

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3 years ago

Wow 😘😘godbless all😍😍

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3 years ago

Great. Please subscribe me!

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3 years ago

I don’t think Sechet has anywhere near the leadership skills of Buterin, who managed to hold the forked Ethereum’s (as opposed to Ethereum Classic) value throughout their civil war.

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3 years ago

Wow nice article

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3 years ago

Thanks for artcle

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3 years ago

do you know how can i get big amount from read cash? I came few days to go but i didn’t get any more

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User's avatar Mrm
3 years ago

Thanks for the article.It is very enlightening

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3 years ago

I support this movement boss

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3 years ago

Very interesting thankyou for sharing this info ,count me as a supporter of bitcoin ABC and Amaury Sechet .

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3 years ago

Informative article you have post and many things i have learned from it. Keep your activities so long.

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3 years ago

TAX = SUCKS = DUH

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3 years ago

For once and all, major debates and objections will finally get a chance to settle. Potentially, ABC will then have resources going forward, ushering in a new era of developer professionalism. Or, Bitcoin Cash Node (BCHN), the contingent leading a break from ABC, developing its own rival client without the new rule, will either replace the incumbent or have its own coin (depending on how things shake out, the same might be said for ABC in losing the ticker).

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3 years ago

Wow

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3 years ago

Oh wow Thanks very much for the article 😊

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3 years ago