Bitcoin Cash was going GREAT until this IFP nonsense.

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4 years ago

Before the IFP nonsense the BCH ecosystem had funding for:

Now all we have is a bunch of internal arguing.

The forcing of an IFP by ABC is looking likely to derail the amazing progress BCH has been making.

ABC, please stop.

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4 years ago

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Jesus Fuck Roger has some balls to post this after not funding ABC for three years

https://imgur.com/a/zEKtwzq

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4 years ago
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User's avatar RogerVer
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4 years ago

436 BCH for 3+ full time software engineers working for three years on revolutionary World Money? Wow thats enough to pay one their yearly salaries, if it didnt all go to court fees!

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4 years ago

"I made to them". How much of the 436 BCH came directly from you Roger? How much of that was really Marc de Mesel and others? I'm pretty sure at least 1 BCH of that was from me. If you are now resorting to outright lying, that is disappointing.

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4 years ago

A lot of it was directly from me. A lot of it came from community supporters like yourself who likely wouldn't have donated if Bitcoin.com hadn't setup the fundraiser on behalf of ABC.

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User's avatar RogerVer
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4 years ago

Could you quantify how much exactly? Your original comment made it seem like all 436 BCH of it was from you.

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4 years ago

This is a great writeup.

I want to hone in like a laser on one comment though:

Imagine if BTC had attempted a 5% kickback to the core client.

I have imagined this!

And what I imagine is that if the community was funding bitcoin core with 5% of the block reward, then said community would have been vastly more suspicious of, and resistant to, a for-profit company coming along and hiring up the devs that we were already paying to do work the community wanted done.

Thank you sir

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4 years ago

I've been mining BTC and more recently BCH for a couple of years and I've been enjoying the incredibly low fees, sucks this guy will rather burn the project to the ground . I hope the community wins, will hate to stop using BCH. And what I imagine is that if the community was funding bitcoin core with 5% of the block reward, then said community would have been vastly more suspicious of, and resistant to, a for-profit company coming along and hiring up the devs that we were already paying to do work the community wanted done.

Thank you sir

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4 years ago

Good. Writing. Thank you for this article.

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4 years ago

I'm also requesting ABC to stop these noncences. These are too much BCH will be better without the IFP nonsense.

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4 years ago

IFP should stay away from BitCoinCash. Let us all unite to get rid of them.

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3 years ago

Comment from Reddit:

I don't think many people realise how many things happen behind the scenes that you won't hear about on Telegram or Reddit. I know personally of several exciting projects that will be killed by a split.

IFP Teamsters are pushing a total lie that there are "no other alternatives." Not true. Not remotely true. It's just that a lot of people building things and funding things are not active on Reddit, Twitter or Telegram. They don't need to participate in "the community" or justify their financial and business decisions to the IFP Teamsters.

But it might be too little too late to correct course now. We will see. The IFP is brilliant from a certain point of view in that it forces a split if you disagree—and miners don't want that—and it allows a small committee of devs to get paid a small fortune no matter the actual price of the coin.

As some of them have said, even if it goes down 90% or so it still makes sense for them. Can't talk someone down from that.

If a split where two Bitcoin Cash coins survive next to eachother is the best outcome, that's not good enough and I would have to personally declare Bitcoin Cash a dead project.

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User's avatar RogerVer
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4 years ago

Running infrastructure isn't as sexy as all these cool projects but if you build them on a weak infra it will ultimately backlash. It's concerning that this seems to not be well understood.

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4 years ago

Well said!

Lets add to the list above:

CashAccount (and according to my count, 100% of all of the indexing servers) Fulcrum and Electrs (the backend servers for electron-cash) Insight (explorer and the backend for copay and derived wallets) BitcoincashJ (javascript library used by many of the native wallets for android) Bitbox SDK (probably the most used developing library for BCH webapps/websites) Bitcoin Unlimited (has more than half of the in-consensus nodes on the network) ... and a ton more of various libraries and tools.

Our Infra was OK, but not GREAT. Then the IFP came around and to be honest, from that point it has degraded somewhat.

Thankfully, since then a ton of infrastructure has been financially supported by other means and it looks to me like the infra might get to take that step from OK->GREAT in the coming 1~2 years.

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4 years ago

i would really hate to see you declare bitcoin cash a dead project, the split made the most sense to me and looking at the state of bitcoin core it definitely was the correct decision to slit, i hate every transaction I have to do on the btc chain, having to look at mempool stats to determine fee and/ or if i wanna wait..

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4 years ago

So anyone else can see in the meantime that you weren't quoting yourself, and in case you want to edit it into your comment, here's the source to this quote:

https://np.reddit.com/r/btc/comments/ifb0hw/bitcoin_cash_was_going_great_until_this_ifp/g2miadf/

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4 years ago

If a split where two Bitcoin Cash coins survive next to eachother is the best outcome, that's not good enough and I would have to personally declare Bitcoin Cash a dead project.

Why would you say that? Anyone can split off any day of the week. If ABC gets a new ticker and BCH retains it's price, users and businesses, why would Bitcoin Cash be a dead project?

Update: This seems like a quote from someone else?

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4 years ago

Here is the source:

https://np.reddit.com/r/btc/comments/ifb0hw/bitcoin_cash_was_going_great_until_this_ifp/g2miadf/

It was not Roger quoting himself, he surely has a point about what other people are predicting and feeling.

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4 years ago

Yes Roger, please clarify if you see bch would be a dead project if the split happens

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4 years ago

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4 years ago

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4 years ago

Sir plz visit my page i hope you like my articles https://read.cash/@SaraKhan

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4 years ago

Thank you very much for your article which is very informative which will make our future work.

if you don't mind sir i want talk to with you sir,first of take my love I needed a help from you.. my account point balance is very low for a few days.. and the response to my mail to the RC authority was that I need an upvote from a power user, in this way things can be fixed.. Since u are one, can u help me out plz?? Thanks in advance sir....❤❤

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4 years ago

How sad that spammers are growing. I hope readcash will do something for those spammers. I'm looking for money too, but always following the given rules.

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4 years ago

This financing plan has sparked discussions and concerns about decentralization and the future of digital currency. The community strives to find a consensus and ensure the long-term success of Bitcoin Cash.

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1 year ago

nice article boss,, please subscribe me

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4 years ago

I am subscriber....

Do you subscribe me??

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4 years ago

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4 years ago

Please subscribe me

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4 years ago

Nice photographs

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4 years ago

This post is very informative. Thanks for your post. I hope you will support me. Please visit my article,sir.

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4 years ago

i m supporting you always sir please subscribe me also😔😔

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4 years ago

Running infrastructure isn't as sexy as all these cool projects but if you build them on a weak infra it will ultimately backlash. It's concerning that this seems to not be well understood.

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4 years ago

Wow great article

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4 years ago

Wow. Too much helpful article. Thnq so much for the article. My subscription is done. Please support me . 🥰

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4 years ago

Wow dear so sweet🤗🤗

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4 years ago

Keep kickin ass Roger! Japan got your back :)

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4 years ago

Am really confused when it come to bitcoin though but your article made sense. https://read.cash/@Mona23/skin-mistakes-revealed-by-dermatologist-84d1bc71 please people read mine and will read yours too thanks

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4 years ago

I want to become billionaire and I'm sure that by bitcoin i will be in just some years its really great project of this century 🥰🥰🥰

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4 years ago

I'm working on Bitcoin since march i did not earn any money but I'm still working because i believe in my self i know one day im goona get everything by bitcoin and all the Cryptocuttency

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4 years ago

It would be wise to every smarty pants left on BCH to quit BCH altogether. Ideally BSV would be a great choice if people can see through the personal differences and focus soley on tech. realise that practicality of real world > personal ideology. But it shouldnt be BSV necessarily (could be any other project), but that BSV is the only Bitcoin that has a realistic shot of winning and going mainstream.

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4 years ago

Your article is very important for us.

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4 years ago

good article

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4 years ago

Nice article

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4 years ago

Nice article

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4 years ago

Nice

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4 years ago

Please, let them allow our bitcoin to progress so that we can earn as usual, over the years they have shown great developments and people have been earning from both bitcoin and bitcoin cash

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4 years ago

nice article bro

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4 years ago

In term of BTC, I don't say BCH is doing great exactly. Look at the market! BCH is now just a fraction of BTC, in fact 2.5%. Everyone putting money to BCH is actually losing money, so apparently saying it is doing great does not seem right. People say things need time, but it has been more than 3 years, and BCH is moving downward mostly, even when BTC fee is getting expensive again. I think the most fundamental thing is to fix the network split so that resources are more committed to the development and users and businesses will have a stable infrastructure to use. So far we are doing away with community funding, however community funding has inherent drawback: The crowd is always divisive, therefore developers will always divisive also when it comes to benefits, that is the number one reason leading to network split. Community funding is also not quite transparent. Someone can donate for themselves and call it a success, or under-table agreements... and mostly the funding is based on reputation and promises, not the actual work... It is better to look for alternatives...

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4 years ago

Look at this site! Could not have been made with BTC

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4 years ago

This is the primary reason that I still stick with BCH until now. Honestly, stability is also a thing that needs that needs to be sorted for this app and similar apps to take off. Used to have Yours then now which chain will read.cash be built on? This could happen again unless the infrastructure is sufficiently maintained. I am not saying what is better, but the current model does not seem to work with the network splitting every year or so.

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4 years ago

now which chain will read.cash be built on?

It will continue with Bitcoin Cash, the non-IFP chain after the split (if there will be a split, it is at least certain now that a non-IFP chain will continue)

See https://www.reddit.com/r/btc/comments/ifio6n/readcash_will_support_bchnbchd_side_of_the_split/

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4 years ago

The read cash site is apparently overheating from its success, but Bitcoin Cash is steady!

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4 years ago

BCH works best for me. It is electronic cash that works. I pay my Direct tv bill with it , booked hotel rooms, made a poker night token that we use as cash for our games. The low fees and usability have made it possible for me to show people how crypto works and actually get them interested in crypto. BTC stinks. I really don’t understand why people want to put up with the fees. The other day we did a test with my BTC loving friend and I showed him it would cost $2.67 to send him $5. He didn’t care said BTC is king end of story. It was $0 to send $5 with Bitcoin Cash. Makes me sad that Bitcoin Cash doesn’t get the love it deserves. It’s the best electronic cash we have right now in my opinion.

1

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4 years ago

Bitcoin is not about any of these anymore. Since the scaling debate they decided to pursue a digital gold narrative and the P2P electronic cash one was thrown out of the window. Although noone stopped talking about how Bitcoin is revolutionary in transactions and kept lying that it was able to scale without scaling fees to the roof first. Proven unable to scale in 2017 too with fees reaching even $1000. Bitcoin Cash is moving towards mass adoption but these guys must find a solution instead. Roger Ver is a person that understands the long term potential.

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4 years ago

Roger, on a hindsight, with your influence, why always choose to fight, instead of have a face to face meeting with ABC team members, talk things through. Try to understand other party's point of view... and reach an agreement.. This "fight" over internet is only hurting BCH, whatsoever.

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4 years ago

can btc makes us ricb ? this is my first time mining bch and now am enjoying it and hopefully to earn more in this site

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4 years ago

Loved your interview with Pomp, I love BCH and I hope the fighting ends soon.

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4 years ago

That is really bad is going to happen then .what would we should then with the BCH .Is not there any other ways.

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4 years ago

Oh no, such guys really ruined a lot.

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4 years ago

Guys seriously I am worry about this new fork, BSV fork weaken Bitcoin Cash in general and now another one? This probably will lead to a decrease of the hash power of BCH

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4 years ago

Good mG

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4 years ago

BCH works best for me. It is electronic cash that works. I pay my Direct tv bill with it , booked hotel rooms, made a poker night token that we use as cash for our games. The low fees and usability have made it possible for me to show people how crypto works and actually get them interested in crypto. BTC stinks. I really don’t understand why people want to put up with the fees. The other day we did a test with my BTC loving friend and I showed him it would cost $2.67 to send him $5. He didn’t care said BTC is king end of story. It was $0 to send $5 with Bitcoin Cash. Makes me sad that Bitcoin Cash doesn’t get the love it deserves. It’s the best electronic cash we have right now in my opinion.

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4 years ago

Write an article!

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4 years ago

Bitcoin Cash is a cryptocurrency that is a fork of Bitcoin. Bitcoin Cash is a spin-off or altcoin that ... Bitcoin Cash traded at about $289, and Bitcoin SV traded at about $96.50, down from $425.01 on 14 November for the un-split Bitcoin Cash.

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4 years ago

i love bitcoin cash ....transaction is so simple and easy ❤❤

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4 years ago

Bch is a very good crytocurrency. It's even easier to accumulate than BTC . I think more attention should be given to BCH.. it's very much in value. I would to accumulate even more BCH.. so I can have enough to start up somethings and meet up with others crytocurrencies

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4 years ago

Train me by enlightening me more on BT and give me the weapon I will fight those nonsense stoper to the end. Because I will never be in support or them. Till my last breath.

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4 years ago

That sucks I had been trying to get slp tokens. I was ready to check out this ecosystem early before it got big.

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4 years ago

Nice

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4 years ago

Wow .i am astonished

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4 years ago

Everything you mention takes a backseat to badly needed infrastructure funding that the IFP will provide. An IFP that you originally thought was a good idea until the mob turned on you. If you would have stood up for your beliefs you could have helped unite everyone behind the IFP. Now you have to face the consequences that ABC is going to go their own way no matter what happens. Many of us believe ABC is what's most valuable about BCH and I think a small part of you understands that as well.

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4 years ago

It is ok for people to change their minds. I now think the IFP is a horrible idea that is tearing the community apart.

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User's avatar RogerVer
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4 years ago

And I think otherwise. I believe the IFP is the first big thing for BCH that will help it move forward. Cash Fusion has gone nowhere so far. SLP tokens have done nothing to increase adoption. Just about everything you've listed is a bunch of hobbyists having fun on their free time. SLP has been around for years and where has that gotten us? It's time to get real professionals building infrastructure on BCH. And the best way to do that is through the IFP.

I know you've fought hard for economic freedom for a long time, and I believe that ABC enabling the IFP falls under the umbrella of economic freedom. ABC is the most technically capable team in all of BCH and it's time to let that team show what it can do with proper funding. Your own company has tried a lot of things but I can list a dozen projects that have not panned out Roger. I've even stopped using your wallet to introduce BCH to new people since it's so buggy now and not even open source. Your list above is just doing more of the same and we've already been there and done that. As a BCH whale, I wish you could get past your personal feelings and see that ABC really is our best hope of reaching our goals. If you don't believe me, please listen to Joannes Vermorel's presentation from the BCH fork day livestream. He brought up many valuable points and he's a founder and CEO like you.

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4 years ago

ABC is the most technically capable team in all of BCH

Give me a break lol. They just backport, have done very little with a lot of funding, and constantly come up with excuses. Just take a look at the Grasberg abomination if you want some insight into their technical capability.. terrible code.

They don't even backport very well, using it as an excuse to not scale Bitcoin Cash rather than as an enhancement.

There is a reason why nearly all experienced software engineers other than ABC's team will say the same thing. It's not some big conspiracy. The obvious question if you don't have the capacity is:

  • Do I trust many people with no incentive to lie about this?

  • Or do I trust someone and their team who personally benefit to not lie about this?

It's kind of obvious, but cult of personality goes a long way.

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4 years ago

The IFP pays Amaury. Who are these "real professionals" that it will bring to Bitcoin Cash who aren't already here? Most of the people working on BCH are already professionals.

You have ironically called out the Bitcoin.com wallet as being buggy, but it's written by paid employees and contractors. In other words, it's written by professionals. Bitcoin ABC is not a new project. It's been around for a while as the dominant node implementation. BCH's so-called failure to achieve adoption lies, to a large degree, with Bitcoin ABC. Why mandate compensation for that failure?

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4 years ago

Amaury isn't going to keep all $8m for himself. I'm sure we will hear more information over the coming months, but that money is supposed to help build BCH infrastructure, not just pay Amaury. And yes Bitcoin.com pays people but just because you pay people doesn't mean you will get the job done right. You still need the right people. My argument is ABC has proven themselves capable on the little funding they've had these past 3 years. I think it's time to allow them to have some real funding for more than 6 months at a time so they can plan for the future and make real advancements for BCH. That's all.

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4 years ago

Amaury should have announced governance for his IFP along with the IFP announcement itself. If Amaury is going to give away all that money, then how will they have "enough"? AFAIK, ABC met all public funding request goals until they announced the original IFP. Only then did ABC have trouble obtaining funding when they asked for it.

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4 years ago

The governance is simple and well known: https://twitter.com/vinarmani/status/1297786399169495040?s=19

No need for a committee. If you don't want to contribute, don't run ABC. If you are scared of forks, don't build a bitcoin business.

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4 years ago

Yup, miners are the ultimate on-chain governance and users drive miners’ decisions based on the economic activity they represent. ABC is going to fork into a very low-value coin with a small fraction of even BCH’s SHA256 miners.

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4 years ago

Multiple full node implementation teams exist today, with no IFP.

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User's avatar RogerVer
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4 years ago

please subscribe me i will subscribe you

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4 years ago

i love bitcoin cash ....transaction is so simple and easy ❤❤

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4 years ago

Nice article place support me

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4 years ago

🤗💓I already your subscriber

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4 years ago

I've been mining BTC and more recently BCH for a couple of years and I've been enjoying the incredibly low fees, sucks this guy will rather burn the project to the ground . I hope the community wins, will hate to stop using BCH Please views my article
https://read.cash/@Badhon88/flower-photography-3-74845b78

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4 years ago

Wow

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4 years ago

Thanks for this job, we can't throw out the window all the effort of these years

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4 years ago

nice article

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4 years ago

Excellent informative post

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4 years ago

get out please

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4 years ago

good foru you......

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4 years ago

You mean the IFP you initially had your name on? And then took OVER 3 WEEKS for you to publicly state that your name being on the IFP was a miscommunication and that you didn't actually support the IFP? Pepperidge Farm remembers.

Also, Flipstarter was made as a response to the IFP as an ALTERNATIVE for the IFP. Proof: https://coinspice.io/news/flipstarter-beta-campaign-goes-live-trustless-non-custodial-assurance-contract-for-eatbch/

"TL;DR: In the wake of Infrastructure Funding Plan for Bitcoin Cash (IFP) debate fallout, a group of developers, eager to show funding could be crowdsourced and voluntary, created Flipstarter in an attempt at a proof of concept."

So, how would the ecosystem have funding for Flipstarter BEFORE the IFP nonsense if Flipstarter didn't exist until AFTER the IFP nonsense, as you put it?

This entire article is bullshit and you know it.

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4 years ago

nice..

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4 years ago

Yeah, so cool article. Great Job👏

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4 years ago

can i know what is bitcoin?

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4 years ago

Nice

Subscribe back dear

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4 years ago

Wow

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4 years ago

I've been mining btc

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4 years ago

Nice

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4 years ago

A smile is happiness you’ll find right under your nose.

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4 years ago

Please subscribe & comment me

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4 years ago

Good article & photograpey

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4 years ago

I wish all will get back to normal

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4 years ago

V nice useful information.

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4 years ago

Wow

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4 years ago

But honestly why will ABC trying to ruin BCH... That's not a good move... BCH have been here and I have enjoyed it as well as some of us here... Anyway I still believe in BCH BIG-TIME! thanks for the article You can help me subscribe 🙏

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4 years ago

Now Bitcoin Cash is my favourite cryptocurrency.BCH community is doing amazing work.Overall so much good!!!

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4 years ago

ABC shouldn't force the IFP. We are already enjoying the progress that BCH is making

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4 years ago

True, let's stay United, BCH is great and the community is doing an amazing work.

$ 0.10
4 years ago

BTC is good currency and very high currency.

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4 years ago

Thanks. Like me.

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User's avatar Taj
4 years ago

Should I be worried? Looking to be a BCH miner as I have realized I prefer it over BTC. Wish I could be a merchant on this end of the globe. I know they are a few merchants but I would really like to see East Africa embrace Crypto (read BCH) more!

$ 0.00
4 years ago

Ive been using application paying thru btc pay out..this is so amazing and it will increase or decrease the btc its ok..this is worth it

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User's avatar Key
4 years ago

Thank you for posting.

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4 years ago

Like me

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User's avatar Taj
4 years ago

Great job Roger!

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4 years ago

hank you for posting this.

$ 0.00
4 years ago

I'll minning for other currencies but its same or going down to.. At ill try recently BCH and wow. Great article

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4 years ago

BCH IS A IDEAL P2P ELECTRONIC CASH. so please let's preserve it and build BCH.

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4 years ago

Great articl carry on man

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4 years ago

Wow this is amazing

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4 years ago

All good things have to come to an end? I wish that wasn’t the case though.

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4 years ago

wow.. Informational article.. Thanks for sharing Roger! I wish ABC would stop this. Bitcoin Cash is so promising. This past two years its performance is great anyway.

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4 years ago

btc makes us rich so let's support

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4 years ago

I've been mining BTC and more recently BCH for a couple of years and I've been enjoying the incredibly low fees, sucks this guy will rather burn the project to the ground . I hope the community wins, will hate to stop using BCH

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4 years ago

Bit coin is a platform to make easy share their online income.

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4 years ago

My number one hope is that there isn't a hardfork over this. BCH can only take so much forking...

BSV was bad enough, we don't need this too.

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4 years ago

" Bitcoin with a stable protocol, takes away power. If no one can change the protocol, not me, not God; there is no power in money. Money is all about power. This is one of the things Bitcoin has done, it has removed that power. It will remove that power globally." - Satoshi Nakamoto

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User's avatar TOG
4 years ago

I've been mining BTC and more recently BCH for a couple of years and I've been enjoying the incredibly low fees, sucks this guy will rather burn the project to the ground . I hope the community wins, will hate to stop using BCH

$ 0.00
4 years ago

please subscribe me i will subscribe you

$ 0.00
4 years ago

Nani? BTC is shckz.

$ 0.00
4 years ago

Great. please subscribe me. Thank you

$ 0.00
4 years ago

Great post

$ 0.00
4 years ago

Great post

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4 years ago

The forcing of an IFP by ABC is looking likely to derail the amazing progress BCH has been making. 😲🤫🤭

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4 years ago

Fuck Amury. If he is not working for the NSA trying to destroy Bitcoin from the inside, he might as well be. Fuck Amaury and fuck his pute mother.

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4 years ago

That was too harsh you know , please calm down and let's not take something's for granted.

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4 years ago

Thank you

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User's avatar KSA
4 years ago

Nice article

$ 0.00
4 years ago

This type of protocol capture (money-grab) was probably inevitable. The spirit of a decentralized p2p digital cash will live on regardless. I can't imagine Amaurycoin having any real value.

$ 0.10
4 years ago

Why would they burn bitcon when It's starting to grow year by year and people knowing it day by day. I've been farming btc/bch and any coins starting the pandemic and It's good because I'm not paying anything, just taking my time to farm.

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4 years ago

Great article ..thanx for this ..bitcoin is awesome ❤

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4 years ago

Wow👏👏👏

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4 years ago

If a slipt happens, it will be called Amaury Butt Coin (ABC)

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4 years ago

Why is ABC trying to ruin BCH. Too bad at this time

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4 years ago

This is not good for bitcoin cash

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4 years ago

Unfortunately , Bitcoin ABC is damaging BCH more Than anyone's else

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4 years ago

Thanks for sharing Roger! I wish ABC would stop this.

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4 years ago

Hope they will change their mind. They must support for the development of Bitcoin Cash. Bitcoin Cash is so promising. This past two years its performance is great anyway.

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4 years ago

Good article

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4 years ago

Thanks for this post You ar so briliant

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4 years ago

I am subscriber....

Do you subscribe me??

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4 years ago

nice article,,,pls subscribe me

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4 years ago

Why is ABC trying to ruin BCH. Too

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4 years ago

👏 Great Article

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4 years ago

. Bunos idol🙏🙏

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4 years ago

Thanks for all these article links. Tons I have to catch up on! Glad to have you on Read.Cash finally! Feel free to activate your sponsors by adding [sponsors] to an article and I'd happily sponsor you :)

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User's avatar scottcbusiness
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4 years ago

I've minning in BTC and XRP rrcently .. But now i tried BCH and as of me its good.i love BCH starting i try this... Thankyou for sharing this a lot of learn about BCH

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4 years ago