Who Will Retain the BCH Ticker

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Avatar for FUBAR-BDHR
Written by
3 years ago
In community: Bitcoin Cash(e11c)

I keep seeing quite a bit of FUD about the BCH ticker. Here are the simple hard facts.

  • Exchanges decide what ticker they will assign to a chain.

  • Right now Binance, Huboi, Bitcoin.com, and OKEx are all signaling support for BCHN with their mining pools. Source

  • CoinEx/ViaBTC has stated they will remain neutral and support both chains Source

  • Historically exchanges have awarded the ticker to the majority hash chain.

As far as I know no other exchanges have come out with a stance on the possible split. So are the possible scenarios for the ticker?

  • Other exchanges follow Binance, Huboi, Bitcoin.com and OKEx and the BCHN signaling chain retains BCH.

  • ABC somehow manages to convince exchanges and they get BCH. This looks very unlikely at this time.

  • Exchanges create 2 new tickers and no one gets BCH. This is also very unlikely.

  • A mix. This is the most likely scenario. Majority of exchanges assign BCH to the BCHN signaling chain. Some exchanges create new tickers for both chains.

It's unfortunate but there are exchanges that have interest in harming BCH and will make things confusing. One of these could even assign the BCH ticker to the ABC chain on their exchange for just this reason. What is certain is that at this time nothing is certain. Still the most likely scenario in the event the split happens (and a split isn't even a certainty) is that BCHN signaling chain will retain the BCH ticker.

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Comments

Still the most likely scenario in the event the split happens (and a split isn't even a certainty) is that BCHN signaling chain will retain the BCH ticker.

That is what the anti-BCH troll army has been claiming for weeks. It may be true on some anti-BCH exchanges no matter what happens in the hash battle. IMO, If ABC wins the Hash battle it will be BCH on most exchanges still. If ABC loses the hash battle, BCHN is likely to get the name. Of course the troll army will assure their recruits BCHN will win the hash battle and be BCH. We can't know yet since BTC miner hash may well be involved. Anyone who claims it is already a certainty or that the winner of the name is obvious now is being dishonest or fooled.

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User's avatar Big-Bubbler
3 years ago

Historically exchanges have awarded the ticker to the majority hash chain.

There is no such historical precedence. Tickers have been decided for other reasons.

The BCH ticker is already inconsistent; and is "BAB" and "BCHABC" in various places.

As far as what BITCOIN CASH is, the organization that defines what bitcoin cash "is" has already stated that the specification for November includes an 8% funding rule.

Any exchange listing something other than what is specified on BitcoinCash.org would be committing fraud and be subject to lawsuits by their clients.

Hope I cleared that up for you.

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User's avatar micropresident
3 years ago

Fun Fact:

In Aug 2017, ABC launched their client with the 'BCC' ticker and then changed to the community derived 'BCH' ticker after the November 2017 upgrade.

In fact, BU/XT/Classic all implemented the BCH ticker in their node implementations well before ABC, therefore ABC has no legitimate right to claim ownership of the BCH ticker symbol.

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User's avatar Howelzy
3 years ago

Nice bluff Shawarma. You and your rag-tag band of incompetent theives aren't scaring anybody.

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User's avatar NilacTheGrim
3 years ago

the organization that defined what Bitcoin cash is

There is no such organization.

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User's avatar molecular
3 years ago

So, ABC has gone full BSV tardism incl. statist lawsuits etc. Right ok. Fuck off.

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User's avatar DrNums
3 years ago

As far as what BITCOIN CASH is, the organization that defines what bitcoin cash "is" has already stated that the specification for November includes an 8% funding rule.

Please stop with this nonsense suggesting that Bitcoin Cash is whatever Amaury decides. Complete false.

Ps: when you threaten lawsuits you sound a lot like Craig Wright.

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User's avatar sph44
3 years ago

I'm not threatening a lawsuit. And you do realize I'm a named party in his dumbass lawsuit? Your argument is void.

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User's avatar micropresident
3 years ago

You are doing nothing but spreading more FUD. Of course you want your cut of that 8% so you have financial incentive to do so. Enjoy your frivolous lawsuits.

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User's avatar FUBAR-BDHR
3 years ago

"It's unfortunate but there are exchanges that have interest in harming BCH and will make things confusing."

Such as? Why?

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User's avatar n00b
3 years ago

Don't ask me why, but bittrex it still using "BCHABC" as ticker for BCH (since bsv split) and they are still not using cashaddr. One could argue it's not malicious, just lazy, but i think they're doing it on purpose.

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User's avatar molecular
3 years ago

Look what happened with the BCH/BSV split and how some exchanges continued until recently mislabeling BCH. The ties between Bitfinex and Blockstream are well known. I can see them messing with the tickers again.

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User's avatar FUBAR-BDHR
3 years ago

Yeah, there will probably be some ticker malarkey. I would doubt any larger exchanges would veer too far from their business interests in trying to do anything malicious though.

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User's avatar n00b
3 years ago

ABC keeps ticker. I don't like it but it is what it is

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User's avatar CashAnarchist
3 years ago

If you gave some reasons, we could discuss. But you're just stating as fact something clearly debatable.

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User's avatar molecular
3 years ago
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