Amaury Séchet is Forking Bitcoin ABC away from Bitcoin Cash

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Sir you are absolutely right. . BecauseAmaury could still back down or some compromise could be found, such as the formation of a foundation. This would avoid the specter of a contentious split, or even a BSV-like hash war.

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Absolutely right. Nodes that do not include Amaury’s 8% coinbase rule, such as Bitcoin Cash Node, BCHD and others, could gain majority hash rate, and Bitcoin ABC would be forked off. But, due to the rolling checkpoints, this process is fraught with hazard.

Amaury could still back down or some compromise could be found, such as the formation of a foundation. This would avoid the specter of a contentious split, or even a BSV-like hash war.

A compromise, however, seems unlikely at this juncture because Amaury has almost no one on his side and those opposing his plans and tactics are extremely united and strong. What Amaury has going for him is principally inertia, and little else. But that still counts for something.

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You might want to ask Chris if he is okay with you misrepresenting his stance, as he is of course in full support of ABC.

Also you left out BCH Ghana or RNEW as one of the many supporters that do not go around social media patching narratives together to create a feel good story as to why you are on the right side of history. You have learned nothing out of the last 2 forks and it explains, why you started working on DASH before coming to BCH. You quite openly don't understand how any of this works.

Monolith SLP official stand as is against this fork. Developers should be rewarded for their hard work, but not at the cost that the very basis of freedom and decentralization we are trying to protect crumble.

Very very awesome, I'm really so happy you could just get this article in englisu........big up bro

so does this mean that we should be expecting a hit in the BCH value?

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@georgedonnelly sir this article seems very important all of us. But there's a lot of people who aren't native English and don't understand a lot of important things what you shared here. So, can I translate it in my native language (Bengali) so that my country's people can understand it and can know its importance.... It's my great pleasure if you accept my request and grant me the opportunity for translate it in Bengali language. Thanks a lot sir @georgedonnelly.😊

And I also want to share this article link as a short post so that my subscriber can know about this article. I hope @georgedonnelly sir you accept my both request. 😊

One time I also wanted to be able to create projects with a financial system using BCH, because in my opinion the BCH transaction system is the easiest compared to other cryptocurrency financial systems.

Request to you Sir, if you applying this article into Bengali, it will be very helpful for us to understand. Thank you very much sir. Looking forward to your valuable feedback.

All the best bro.. kep it up

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applying for Bengali and Japanese translation again sir?😊

Thank you for the information. Well now I understand the situation

This is easily the best article I've read so far on this topic.

The important information about Bitcoin Cash that you have published through your article is providing many benefits to ordinary Bitcoin Cash users like us. If you had not presented this important topic to us, we might not have got any idea about it. Thank you. So important to share among us.

This is very informative about BCH and BTC new knowladge can learn more... I am old user of coinbase but im new on BCH .. this is helpfull for me to understand more..

Sir, I like the article very much. I would like to post in my language using translate if you allow. thank you plese support me.

In fact, I did not have a good concept of these things, I did not know what it is! I learned a lot from reading this article. And all the credit for this is yours sir. I read all your articles which help me a lot to learn or understand a lot. And when I read it then I understand that what's going on.

What makes. Amury think No one can telhim what to put in his software or remove from his software. This is outrightly bad

What's this whole furry about Angry again? I thought there was a plan to settle this issue

Greed is the problem with Amury, we all can see it, Roger Ver is not and was never the issue with BCH

This is certainly not good for the bitcoin cash ecosystem. Amaury should not act like a cryptodictator, as it will not end well for him.

It's a good article.Thanks for a posting.well done and go ahead.

this is a truly excellent summary! It's so great to see you so active on the right side of history, George! thank you!

Man made him self greedy with increasing daiky increasing the value of BCH

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This kind of Deals is commonly known as an infrastructure funding plan, or IFP, in Bitcoin Cash circles.

Thank you for the nice and informative article ☺️

knowledge overloaded. Thanks for sharing this.. I am new in BCH and Bit coin information but I have many things learn and know in this artcle.. Keep sharing..thank you so much.

Greed ain't good. Bitcoin cash is a really growing crypto-currency which can not just be disregarded.

BCH have this potential to be one of the top cryptocurrecy in the world ,nothing less should be considered. greed can end up something chaos

"...rule changes the Bitcoin Cash protocol while almost everyone else who is building on Bitcoin Cash, including 70%+ of hashrate, wants the protocol to remain the same"

You just described why many insisted on the BSV fork to preserve bitcoin.

Good luck, comrades

It has learned from this great article that BCH has a bright future indeed. The writer has informed by sharing this post that, Bitcoin ABC could gain majority hash rate and there would be no immediate split. Thanks the important update. Noted.

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This is the summary of the whole scenario. I got to understand fully what's going on and what's coming up in the bitcoin cash ecosystem. Thanks for the informative article

This is a good writeup I love it

Great post! Should be interesting how this turns out!

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Stay safe bro

Don’t fall into the trap of seeing this as BCHN vs Bitcoin ABC. This is Amaury Séchet launching a calculated attack on Bitcoin Cash.

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great article, great balanced take on the issues covered.

non-partisan and just lays out all the probable outcomes.👍👍👍

Thanks. I added a couple sentences and I feel the point after the alignment point addresses your point. Do you agree/disagree?

Thank you for lot of informations.

I've seen Amaury's name for a couple of times here before and I thought he is into something about Bitcoincash, and by reading this whole article I was a little bit right. I don't know the whole story but I'm glad you've shared with us what is happening and who and what are Amaury's future plans with the bitcoincash. Now I know why lots of bitcoiners don't support him anymore.

Haipo will offer the miners who use his ViaBTC pool the option of whether to run Bitcoin ABC or Bitcoin Cash Node. ViaBTC has consistently been among the top BCH miners and mined the first BCH block in Aug 2017. _i want to add up here, this of course must be settled since November is drawing near. With Amaury's IFP decision I totally disagree but we shouldn't always be having arguments bon this we must look to the future of BCH. If he wants to fork it out , we will also fork him out. If we want to make peace with Bitcoin ABC,we should so as to see to the future of BCH.

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It's a good writeup George. I will be using it. I would be more comfortable if you adjust the strong suggestion that incentives are aligned. Many people strongly disagree that incentives are aligned. It's similar to asserting that governments are aligned with their citizens because they take tax from them..... it's quite an asymmetrical "alignment". Appreciate you including the various views that are fundamentally opposed to attaching a money hose to the protocol even though you still think it might be a good idea.

thanks for the good and informative article keep posting.

I don't know much about crypto but I think a fork is as a result of disagreement and can somehow affect the main token negatively as a result of that, I don't see it as a welcome development. I stand to be corrected

Jihan Wu has to solve internal issue in Bitmain at the moment. Give him some more time.

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I always thought Roger Ver was the problem with BCH until i watched his recent interview with Pomp, after reading this article I totally understand what's going on, Amaury is the problem, greed is really bad.

Amaury Sechet is nothing but a big cog to the wheel of development in BCH ecosystem at large. "It is high time the dictator and BCH high-Jacker in the making is totally stopped before he fully bastardized the future of Bitcoin Cash". Thanks.

Great lengthy article! Does anyone know how this will affect BCH? Will it still be its own coin or is it being split?

Now this article supports multi-language which is helpful by the way, nice post pal keep it up.

Firstly, You are right to say that Amaury is forking Bitcoin ABC from Bitcoin Cash. Reason being that coinbase rule( usually eight percent) changes the BCH protocol while a bigger part of everyone else who is building on BCH wants the protocol not to change. Secondly, I've read and heard of miners but I don't know how it works. Could you be having an article explaining about Miners?

Thanks for crypto currency informator. Analysis and combinational all data are included here.

Until November this topic will still conducting hot debates and I believe with reasons to, I did some basic Math about the new coinbase rule of 8% and I discovered that fr every 1BCH ABC will take 0.08 BCH and that is a lot of money, the spirit of Bch as funny ecosystem will be lost and not all that, the fights won't end when that amount to IFP get on their hands (with an income of $7,7M)other people will try to take out the actual management making it a new intrigue and same time hurting all community.

There is a large variety of viewpoints on Amaury’s 8% coinbase rule announcement across the BCH ecosystem. Some embrace it. Some are on the fence. Some just want to see where the idea evolves to next.Excellent explanation, it was very detailed that's why it was easy to understand. I hope you keep sharing us what you know

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I became acquainted with a great deal of known and obscure data. He gave us a ton of good data. Bitcoin is a decent stage for us. Made a truly wonderful post. Bitcoin is changing my life I can't envision how might I get a great deal of cash . Further, Amaury has expressed he won't participate in a discussion about this. This is the way his hub programming, called Bitcoin ABC, is going, and nobody has an option to stop him, nor can they. Nobody can reveal to Amaury what to place in his product or eliminate from his product, he says. Delightful this ariticle. I am exceptionally appreciative to read.cash and sir it's New instructive jungle for me much obliged

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I am very surprised to see those translations in different languages. I didn't see this kind of article before. It was also helpfull for the bch learners though.

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No matter what happens,..i will still go with BCHN. If there's no sabotage, then for sure it will win

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@georgedonnelly

Still didn't add the French translation. Could you just add the link as a reward please? Thanks :P

https://read.cash/@Yann.Poire/amaury-sechet-bifurque-fork-bitcoin-abc-de-bitcoin-cash-abfd1ee5

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Why do people even support Amaury given all that's happening. Things do look very very centralized with Bitcoin ABC

https://read.cash/@Ragz/bitcoin-cash-is-forking-with-you-will-this-lead-to-a-free-airdrop-c04f364a

you are great sir..

"Amaury Announces 8% of the Block Reward to be Syphoned to Him"

I did not expect you to start using dishonest argument strategies like so many in this space. There is the obvious misleading title which misstates how POW works (unless you know BCHN will have more hash rate in Nov. - which no one can know). Unless you have evidence or I missed where he said he was going to keep the money for himself, the claim that the funding for BCH development would be for Amaury's own pocket is dishonest. It is a common dishonest troll-claim these days. I am saddened to see you take that dark path. The credibility of everything after that lie is questionable and I assume is not worth reading except to point out more lies. I do not have time to sift through that long article to point them out today.

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Sir, Can I translate it into bangla..??

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Amaury Sechet is nothing but a big cog to the wheel of development in BCH ecosystem at large. "It is high time the dictator and BCH high-Jacker in the making is totally stopped before he fully bastardized the future of Bitcoin Cash". Thanks.

This analysis is awesome. Now if i may ask what's a fork of a coin ? Like for example bit coin? And these days the way the Cryptos are going I love it the world will be in good shape with the advent of Cryptos i love Bch and the effort of this great platform to get every new person onboard. Thanks I expect more update from you soon.

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Hi,dear sir @georgedonnelly . Can I translate your post into Bengali and post it on my ID? As per copyright rules, I will not be able to translate it into Bengali and post it on my ID without your permission. So I am waiting for your permission. I hope you will allow me, please.

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I think these already started since after the August bitcoin day meeting that was held online, but creating a new coin Because bitcoin cash is under funded is a solution to the problem at hand. Well I believe BITCOIN cash will surely prevail

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I really hope this does not turn into the SV debacle where we lost so much market share...Good luck to all of us who love BCH in its current form and just want the Ego's to leave us be.

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Further, Amaury has stated he will not engage in a debate about this. This is the way his node software, called Bitcoin ABC, is going, and no one has a right to stop him, nor can they. No one can tell Amaury what to put in his software or remove from his software, he says. Beautiful this ariticle.

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Excellent article @georgedonnelly very informative for those of us who are starting out in the world of Bicoint Cash. Regards

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Almost all of the Bitcoin Cash ecosystem has declared their firm opposition to Amaury’s plans. This includes a very large percentage of the people building on Bitcoin Cash and as much as 70% of hashrate . Yes , you are right.

@georgedonnelly

Here is the French version of this article.

https://read.cash/@Yann.Poire/amaury-sechet-bifurque-fork-bitcoin-abc-de-bitcoin-cash-abfd1ee5

According to a series of messages posted on its Telegram channel, Eterbase detected the hack, but was powerless to stop it. Eventually, the company tracked the crypto assets as they left its coffers. I hope BCH value did not change or drop because of this changing or having this fork in BCH future This is very informative

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This is very informative my dear. Thank you so much for giving the time to tell us this.

This is quite informative and educative. But they need to strictly be on a conclude agreement. I think it will be better. Everything is fine .

Now you updates informaton, write well

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This coinbase rule, as things stand at the time of publication, diverts 8% of the coinbase payment — the block reward that miners earn for finding a block plus the transaction fees collected from. Hope a best luck for this ariticle.

And I liked the information

Excellent explanation, it was very detailed that's why it was easy to understand. I hope you keep sharing us what you know.

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According to a series of messages posted on its Telegram channel, Eterbase detected the hack, but was powerless to stop it. Eventually, the company tracked the crypto assets as they left its coffers.

A large part of the stolen money allegedly ended up at Binance, Huobi Global and Hitbtc, it claimed on Twitter. Eterbase has now contacted these exchanges, requesting that the funds be frozenIt has learned from this great article that BCH has a bright future indeed. The writer has informed by sharing this post that, Bitcoin ABC could gain majority hash rate and there would be no immediate split. Thanks the important update. NotedWhy would he fork Bitcoin ABC from BCH and to be honest, we should do something to bring them back or else, the chain split will be contagious. Pls peace. We need BCH to be the top most cryptocurrency and with this conflicts, we will not go anywhere. I will be writing an article about the chain split. We must be peaceful and settle this issue not to concur any damagesDon’t fall into the trap of seeing this as BCHN vs Bitcoin ABC. This is Amaury Séchet launching a calculated attack on Bitcoin Cash.Your claims like :

Syphoned to Him and 'into his pocket'

Are lies. The money goes into a development fund for BCH infrastructure. I think you know what I am saying and will understand the dishonesty you are spreading in time (if you can't see it yet).

Assuming it is a fact that Amaury will unilaterally choose the recipients of the funding is also an assumption

That is the situation as it stands today.

Unless you have actual evidence of that, you do not know that is a fact today. You assume it is and pretend it is a fact, which is dishonest.

Have you any evidence Amaury is corrupt and intends to steal the money instead of doing what he has been doing for 3 years? It is not nonsense to think ABC will put the funding into making BCH into a greater coin, You appear to be blinded by rage and unable to see the difference between facts and strongly held opinions.

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This is quite informative and educative. But they need to strictly be on a conclude agreement. I think it will be better.

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[Removed comment]

Sir please can I translate to Portuguese?

I wonder how a project getting about 1.8 millions for a team of about 10 people is called under funded. Anyway i will keep my eyes open for a hard fork opportunity like the BSV one. Thanks for sharing all this info.

I thought Roger Ver is the problem with Bitcoin Cash but i saw his interview then i read your article which made me understand better. Thanks you for this article.

Bitcoin Cash (BCH) is better than Bitcoin (BTC) at coin mixing because BCH transaction fees are practically free (less than $0.01 per transaction). The Bitcoin Core scaling roadmap is likely to intentionally cause onchain transaction fees to exceed $30/250 bytes again, The only reason

Excellent write-up and explanation of the current situation! Thank you :)

Good article! What a messy situation.

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Amauri is asking for a huge part of the fees. 8% is extreme.

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This is an excellent summary of the current situation.. congratulations George

Excellent article man. I'm eagerly awaiting the Chinese translation!

Thanks to Sir Amaury. As he provides all he needs on his own, Salute!

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Roger made a good choice.

If everyone supports me then I will support everyone

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We are most likely heading into a messy and volatile few weeks that end with BCH continuing to fade out. BCH users are already jumping ship and should we see a hash war it would likely be irresponsible to move significant amounts on either chain. The best course of action may be to simply stay away. The winner will likely by BCH ABC, but the risk to the security of both chains will likely make this a Phyrric victory.

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just switched my node fron ABC to Bitcoin Cash Node, thanks for the write up

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Applying for Filipino/Korean Version sir George. I already message you thank you.

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The Bitcoin Cash protocol should continue to be known by the BCH ticker. What Amaury names his new coin is up to him.

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This progress for sure will harm the Bitcoin Cash community. Divisive difference will lead to slow progress.

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