[Chinese version of this article available here: https://read.cash/@NilacTheGrim/amaury-63798ec5]
Greetings from the land of the uncertain future of BCH! How the hell did we get here? Do you remember when there was a time when "the dream" was to flip BTC? Why are we now fighting amongst ourselves with accusations such as "Commie!! Bitshevik!!" and "You tax-loving chain-wreckers!!" and other nonsense? What the hell is going on? Can't we do better than this? I think we can!
But first -- a brief summary of our predicament: Right now we find ourselves at a very strange crossroads. Bitcoin ABC has just merged in changes to their client that only they have implemented. They are enforcing the much-dreaded "IFP Coinbase Rule" which restricts the consensus rules on their client by introducing an extra rule -- mined blocks must pay 8% of the mining reward to this address: bitcoincash:pqnqv9lt7e5vjyp0w88zf2af0l92l8rxdgnlxww9j9. If any blocks appear on the network not paying out to that address in the mining transaction, they will be rejected by Bitcoin ABC as "invalid". All of the other nodes do not implement this rule. The other nodes not implementing this rule are:
bchd,
and more.
You may recall I predicted the predicament we are in now. See my other read.cash post here: https://read.cash/@NilacTheGrim/calinstradamus-preditcion-12341-ifp-20-coming-in-nov-no-voting-just-mandatory-56dbc7be
Sooo that's the situation we are in. All I am left to wonder is... "What the FUCK, BCH?!"
Why the hell are we in this situation in the first place? Isn't it a bit ridiculous? Like seriously -- if you were around on fork day Aug. 1, 2017, and I told you that this would be happening now in 2020 you would have laughed (or cried.. or both). This situation is not the dream of Bitcoin Cash.
But really -- why are we here? What is going on? Is there a problem funding infrastructure? Is it because BCH sucks and we can't pay devs? No! As recent flipstarters have shown (https://flipstarter.electroncash.org/) the community loves to pay its dev project. There is no problem funding infrastructure.
Let me reiterate that: There is no problem funding infrastructure.
Ok, so there's no problem funding infrastructure. Why does ABC feel the need to dip into the coinbase reward, then?
In short -- the answer is -- EXTREMELY EASY TO GRASP --
ABC is inefficient. <-- I wrote about it here.
ABC has serious cash flow issues because they cost an arm and a leg to operate. On top of that -- Amaury sees himself as the Jesus of BCH who deserves better. So, for egotistical reasons, basically, he is willing to throw out the baby with the bathwater. For the longest time the miners funded him, and Roger Ver funded him, and other community leaders funded him. He managed to rub everybody the wrong way and nobody wants to fund him anymore, because he never delivered on features his benefactors asked for. Roger wanted to increase the tx-chain limit. He dragged his feet on that for 2 years -- and that eventually happened slowly and way too late. The Chinese miners stopped funding him because the coin kept losing value and they stopped wanting to pay out money for an ever-decreasing coin that is now a 2% coin. Eventually, the Chinese miners told him to figure out his funding situation himself and stop asking them for money. So he has no choice. He must do the IFP or close up shop, basically. This is his last "hail Mary".
Is this morally justified? No it is not. BCH is more than just ABC. If ABC cannot pay its bills -- it should not have the audacity to wreck all the value we have all worked so hard to create. But -- Amaury being Amaury -- he doesn't give a flying fuck. We can all go to hell, as far as he's concerned. Either he gets his IFP coinbase reward or he will wreck the coin in trying, or both. If BCH is $40/coin ABC still has revenue = $1 million a year.
To give even more insight in to how Amaury thinks, here are some quotes that he posted in the BCH gang telegram group in February when the original IFP proposal was made:
Well, if I start to not give a shit about an of this, then the best move is to code it so that I get 50% of the block reward, or maybe even 75%. It'd be way more profitable than simply leaving.
and
If I send 50% of the coinbase to ABC, even assuming a 90% value collapses, that'd still increase ABC's income by at least an order of magnitude.
So what should Amaury do then? Simple: he should just resign, and ABC should either disband or switch to a volunteer-only model. If ABC cannot get funded and is very expensive to operate -- let the market sort it out. There are competitors out there that don't cost an arm-and-a-leg to operate (such as Bitcoin Cash Node). Any or all of them "got this". We don't need ABC for success. If anything ABC is a liability at this point. They are expensive to operate and they are led by narcissistic madman.
So please -- Amaury -- just resign already and save us all the pain and value-loss your actions are creating.
But will you? No -- you're too much of a selfish narcissist to do that. You prefer to wreck this coin and wreck the value we all have created. You don't care that BCH is passion project for many other people. You don't care that we all worked hard to create value here. None of that matters to you -- It's all about YOU, isn't it? You lack empathy and you don't realize that other people's passions are at stake here. You don't care.. do you? Nope... you do not.
In your mind: You ARE the BCH.
So, in summary -- why should you resign, Amaury?
The answer is simple: Because BCH is more than just YOU, Amaury.. and the market has spoken. Nobody wants to give you the vast sums of money you require for a reason. The reason is, you kind of are inept.
You have no right to wreck this coin for your own selfish benefit. The gentlemanly thing to do, if you cannot pay the bills, is to close up shop and let the market figure it out.
But you won't do that. You prefer to try and wreck the coin first. I hope you don't succeed. My advice to you, Amaury, is:
"Go take a hike", as they say in my native home town of Queens, NY.
I bet it felt really good to rage on Amaury like that.
I bet it feels really good to Amaury to treat BCH like shit (remember his 'bcash' post in r/Bitcoin?)
And I bet it feels really good for you to defend his indefensible actions.
Please note that Calin's prediction for a November 2020 renewed IFP were exactly correct.
Amaury does simply not treat BCH like shit, if at all he was way too compromising and torn BCH apart by giving you morons any inch.
The problem is YOU are shit and should be treated as such. thank you. You can ban me now.
What do you know.
I'll answer that for you. Fuck all.
I've no need to ban people, unlike your self-described "Professional shitlord".
https://web.archive.org/web/20170905014236if_/https://twitter.com/deadalnix
I doubt he was happy and feeling good about the mess here. I bet his comments were accurate and spoken out of sadness. BCH has been messed up and failing to fund it's development. In your claim, I believe you lied about how he felt and how he treated BCH.
I only defend him against dishonesty and false accusations (like yours above) when I think they are due to the anti-BCH force's activities. It does feel good to do that. I don't even like what he has been doing lately. I just hate the dishonest anti-BCH troll army even more. When our community begins to emulate their dishonest methods of discussions about important issues to BCH, I am forced to call it out. Replace Amaury, good. Lie about why, bad. Lie (or be mistaken) about how the intended changes are good for BCH, very bad.
The idea of an IFP is a good one. Without a cooperative community discussion on how to make it win-win, I am not surprised he gave up and just did it a simple way that can work well for BCH. If ABC spends the funds wisely, I believe the IFP would be good. The troll army has claimed without evidence that he will fail to work for the betterment of BCH. Everyone appears to like to assume that dishonesty is a fact.
right
Amaury should just take a bow
he should not. he should remain stubborn and give BCH a one-in-a-lifetime chance to show that it can in fact get rid of a dictator gone bad.
This is not some shall accomplishment. The idea of having multiple implementations around in order to be able to switch in case the main one is captured or otherwise turns sour is a core ideal of BCH.
I admit I didn't believe it was possible myself just a year ago (or less), but seeing it is possible makes me extremely happy and bullish.
amaury, please don't abort this wonderful process!
Oohh
nice
Nice
good article
What's the whole fuss about Amaury
he is the only one doing the work, so everyone like the **** they are have to shit on him. basic human history.
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I just really care about BCH thing
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They always make way to extort money from miners. Sad😥
Please read my article: "Why Nilac needs a serious backhand right in his face"
fucking sht
So you dont give a flying fuck about funding the roadmap? The window of opportunity for an egalitarian IFP has passed. ABC is now in panic mode trying to raise funding in order to get anything done.
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This article is supper, very informative and elaborate. Thanks for sharing.
Thank you
Very nice - Amazing article
Thank you very much for the important article regarding Bitcoin Cash comparing to Amaury. Yes. I do realize that BCH is more than ABC. Noted the info, subscribed, liked and commented here. Awesome.
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If BCH is $40/coin ABC still has revenue = $1 million a year.
THAT! is what you call a motive 🧐
Never saw those Telegram photos, I almost spill my coffee. "No one run the numbers", holly shit he wants to seriously tank BCH price to get the money.
maff1989, [02.03.20 02:14] [Forwarded from Calin Culianu (NilacTheGrim#2186; 🔑)] look all i want at this point is MOON
maff1989, [02.03.20 02:14] [Forwarded from Calin Culianu (NilacTheGrim#2186; 🔑)] so I can return to the USA and start my life again
maff1989, [02.03.20 02:14] [Forwarded from Calin Culianu (NilacTheGrim#2186; 🔑)] in NYC
maff1989, [02.03.20 02:14] [Forwarded from Calin Culianu (NilacTheGrim#2186; 🔑)] that's all I fucking want
maff1989, [02.03.20 02:14] [Forwarded from Calin Culianu (NilacTheGrim#2186; 🔑)] i don't care anymore. this space is fucking crazy.
maff1989, [02.03.20 02:14] [Forwarded from Calin Culianu (NilacTheGrim#2186; 🔑)] well i wish you guys luck
maff1989, [02.03.20 02:14] [Forwarded from Calin Culianu (NilacTheGrim#2186; 🔑)] don't fuck up the price anymore
maff1989, [02.03.20 02:15] [Forwarded from Calin Culianu (NilacTheGrim#2186; 🔑)] so i can make it to NYC before my mom dies.
maff1989, [02.03.20 02:15] [Forwarded from Calin Culianu (NilacTheGrim#2186; 🔑)] fuckers.
maff1989, [02.03.20 02:15] [Forwarded from Calin Culianu (NilacTheGrim#2186; 🔑)] lol
maff1989, [02.03.20 02:15] [Forwarded from Calin Culianu (NilacTheGrim#2186; 🔑)] ttyl
Go take a hike.
You have a problem with people wanting BCH to moon?
nope. I only have a problem with unhinged people calling on other non-unhinged people to resign.
you have a problem with strawmen
Wow this is great article for all.Thanks for sharing.go ahead
Let me reiterate that: There is no problem funding infrastructure.
that. and also let me add:
There is no problem funding infrastructure.
amaury should not resign. he should go down with his wreck of a coin... with ticker ABC
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Bch can be at the top
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No one should be a dictator indeed.
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Nice article
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Great work, Cool nice idea, Good Job
Most miners are running BCHN now https://read.cash/@phamnuwen/btctop-binance-okex-and-huobi-are-running-bchn-node-that-is-55-bch-hashrate-combined-8b640b4e
This article is rather distasteful. I sympathize with your position, but most of this reads like a hitpiece overview of why you feel BCH isn't where it should be (piggybacking off the idea that "ABC control isn't good"). I expected much more technical discussion of exactly why things "got this bad" and what needs to be done about it; this article fell flat.
I have much respect for you and would prefer to see you find constructive solutions to Amaury's "resignation". I think his development capability and general outlook for the project, though contentious, still offers value to BCH. Giving him the boot is making this whole potential split scenario even more of a crapshow without much value. You may have been convinced that the disease is worth amputating the limb, but remember that you'll have to pick things up one handed for the next few years...
If this is still really about BCH (and I truly hope it is), put your past frustrations aside. Some people are willing to switch projects on principle while others will leave from desperation. We should be talking more and be more inclusive before November, not less.
I'd love to hear what you think can be done to remedy this situation- a plan for each scenario of split (majority/minority hash) and how a path forward with both sides building alongside eachother in a no-split situation would happen (clearly the most ideal) .
Cheers, Mono
With great powers comes great responsibility responsible and leader will know when to resign
If ABC cannot get funded and is very expensive to operate -- let the market sort it out.
I think this is a reasonable assessment/recommendation.
So please -- Amaury -- just resign already and save us all the pain and value-loss your actions are creating.
Just as some subjective, unsolicited feedback: I think the article would have been much better to end after this setence.
Paragraphs like this...
But will you? No -- you're too much of a selfish narcissist to do that. You prefer to wreck this coin and wreck the value we all have created. You don't care that BCH is passion project for many other people. You don't care that we all worked hard to create value here. None of that matters to you -- It's all about YOU, isn't it? You lack empathy and you don't realize that other people's passions are at stake here. You don't care.. do you? Nope... you do not.
...just sound like you blowing off steam and ripping on Amaury. Regardless of whether or not you have a right to be royally pissed off (you do), an article like this probably isn't the place to go off on someone personally like that, and it hurts the credibility of everything that came before it.
Just my opinion though, hopefully provided in a constructive way.
😁🤐😅
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