Between Amaury Séchet ABC and the rest of us in the Bitcoin cash community.

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Avatar for Fexonice1
4 years ago

Recent development in the Bitcoin cash community regarding the Infrastructure Funding Plan (IFP) and the intended " governance council." initiative by lead developer Amaury Séchet, suggest that things are on a divided line as we speak. With Amaury Séchet and ABC on one side and the rest of us BCH supporters on the other side of the line. The controversy in the Bitcoin cash community as well known started after the Bitcoin ABC development team decided to adopt Jonathan Toomim’s ASERT Difficulty Adjustment Algorithm (DAA), and the inclusion of the controversial Infrastructure Funding Proposal (IFP) coinbase rule, which if applied, approximately 8% of the coinbase reward would go to Amaury Séchet and his ABC development team.

Given this circumstances, a greater share of the Bitcoin cash (BCH) Community does not support the IFP integration into the Bitcoin Cash codebase, and it seems the line is certain to be divided. Almost all the developers, miners, businesses, crypto executives, node projects owners etc are against the IFP addition. Interestingly, to substantiate the position of the Bitcoin cash (BCH) community against Amaury Séchet and ABC team, a new Bitcoin Cash web portal called bch.info, which is a directory for all things related to BCH has been created.

The website bch.info includes resources for exchanges, wallets, full node clients, and developer tools.

As things stands, a numbers of operators of node and miners have started switching over to the Bitcoin cash Node (BCHN), and about 59% of the last 1000 BCH blocks created has been for the BCHN, against zero for Bitcoin ABC. It seems clearly that the divide is gonna be, as major operators and BCH mining Representatives have all signed against ABC's IFP proposal. Additionally, top officials of the Bitcoin ABC are leaving the team, among whom are @georgedonnelly ( ABC team finance manager) who has written extensively on this subject and other development within the bitcoin cash community.

Confirming Amaury Séchet position, Roger Ver, bitcoin.com founder tweeted recently that he wishes Bitcoin ABC and Amaury Séchet good luck going forward with ABC Coin. According him “Bitcoin ABC and Amaury Séchet have announced they are forking away from Bitcoin Cash on November 15,”. He further stressed that "We wish them good luck with their new coin and thank them for the free airdrop to all bitcoin cash holders.”

Now it's clear where the dice is going to turn. With Bitcoin ABC and Amaury Séchet prepping for airdrops of Amaury coin as from November 15, we can tell how things gonna be. In any way, airdrops is free, and that doesn't make the coin (Amaury coin) more authentic than the former (BCH). The bottom line is that with Bitcoin ABC splitting away from the BCH community ecosystem in general, exchanges will find it hard to decide whether or not their trading platform will support ABC Coin, since newly forked coin usually have little community and less liquidity.

Going by the above, it's clear that the controversy in the Bitcoin cash community is indeed between Amaury Séchet and the rest of us. It is not certain if other developers will follow ABC's part, however if any choose to follow ABC’s path, they ultimately will be creating a new airdrop coin for all the Bitcoin Cash investors after November 15.

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4 years ago

Comments

No they shouldn't be disagreeing on this, it may affect them and their market capital

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4 years ago

They already disagree, and ready to go seperate way. Amaury Séchet proposal doesn't seem to go well with everyone else, and he isn't ready to back down on the move.

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4 years ago

Chai... This is sad😥

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4 years ago

If it happens the way it seems now, you will be expecting Amaury coin airdrops as from November

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4 years ago

Ok, I'll anticipate

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4 years ago

So love it that way, even if Amaury airdrops to every members of the Bitcoin cash community that will not make people to dump BCH for Amaury coin. You can just collect it and hope it gets listed on the exchange to withdraw or swap it to your favorite crypto

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4 years ago

Yea that's true

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4 years ago