Amaury Séchet is Forking Bitcoin ABC away from Bitcoin Cash

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4 years ago (Last updated: 3 years ago)
In community: Bitcoin Cash(e11c)

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A situation is developing in Bitcoin Cash and if you care about P2P electronic cash, it is a very good time for you to become informed.

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

This immediate situation was sparked by Amaury Séchet’s announcement on 6 Aug 2020 that his Bitcoin ABC full node software for Bitcoin Cash would be enabling a new coinbase rule.

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 transactions included in that block — to an address that is undoubtedly under the direct control of Amaury Séchet.

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

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.

Most of the Rest of the BCH Ecosystem Takes a Position

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.

  • Bitcoin.com: Producers of the main BCH wallet as well as a significant amount of infrastructure, including the P2P exchange local.bitcoin.com. Founded by Roger Ver.

  • The SLP Foundation: The creators and maintainers of SLP token infrastructure on BCH, which is the only adopted token infrastructure for Bitcoin Cash. Users of SLP tokens include USDH, USDT, FLEX, SPICE and other tokens.

  • Read.cash: The creators and maintainers of one of the most successful platforms using BCH today for onboarding new BCH users.

  • Electron Cash (wallet)

  • The BCHD full node project

  • Member.cash

  • The Mainnet.cash project.

  • Miners accounting for 60-70% of Bitcoin Cash blocks over the last 7 days are signaling for the Bitcoin Cash Node full node software (which essentially is the same as Bitcoin ABC but without the 8% coinbase rule) or at least known to be against the 8% coinbase rule, including:

    • BinancePool

    • Antpool

    • BTC.com

    • Huobi

    • Jiang Zhuoer’s BTC.TOP (Jiang Zhuoer was the official proposer of the first version of this coinbase rule)

    • OKEx Pool

    • Bitcoin.com mining pool

    • Smaller miners signaling for BCHN include P2Pool, Hashpipe and Easy2Mine (Wayi.cn).

  • Bitcoin Cash Node full node developers

  • Bitcoin Unlimited as a project and some of its members individually

  • The Knuth full node developer(s)

  • The Flowee full node developer

  • The Bitcoin Verde full node project

  • multiple independent developers

  • Zapit (wallet).

  • LazyFox.io, which is due to relaunch soon

  • General Protocols, including its BCH price oracle and smart contract redemption services

  • Other infrastructure such as

Some are Still in the Middle

A few have taken a middle-of-the-road position, including the following.

  • Haipo Yang, ViaBTC & CoinEX. 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.

  • Chris Troutner of FullStack.cash: Chris says he will support both chains if there is a split.

A Few Support Amaury

Amaury retains a little support.

  • Bitcoin ABC employees: 3 software developers (including Antony Zegers and Jason Cox), 2 support staff and Amaury.

  • Hayden Otto of BitcoinBCH.com. Hayden originally said he will stick with whatever chain retains the Bitcoin Cash branding but has since moved to producing videos for ABC.

  • Shammah Chancellor, former ABC developer and developer of a new wallet called Stamp.

  • Tobias Ruck, developer of an NFC card BCH payments system called be.cash. This although the be.cash project depends on the BCHD full node software and the USDH stablecoin. USDH depends on SLP token infrastructure. Whether BCHD will exist on Amaury’s new chain and whether there will be SLP tokens or another token protocol, or if USDH will adopt it, also remain to be seen. 

  • Vin Armani, CTO of CoinText.

  • Tendo Pein, creator of the Spedn smart contract language

  • Mike Malley, Founder of CoinSpice

  • Tyler Smith - creator of the Snowglobe protocol and engineer at Ava Labs (AVAX)

  • Joannes Vermorel

However, Amaury, as the situation stands at the time of publication, would be forced to proceed without a BCH wallet and would be forced to rely on multi-coin wallets such as Edge, if Edge decides to list Amaury’s coin. Or he would need to fork and maintain an existing wallet project, as well as create the infrastructure to support it.

Further, it seems likely he would lose Purse, BitPay and OpenBazaar, as well as a lot more merchant adoption.

Amaury can certainly fork all of the software he is losing, since it is all available under FOSS (free and open source) licenses. But he can't do devops on it all himself.

Amaury may or may not have ample funds to hire and pay engineers or contractors to help him do all of this, but that does not happen overnight. If he estimates he will lose the game he has foisted upon us all, then he would be well-served to scramble now to get his infrastructure up so he has a viable coin on 15 Nov 2020, the day he might fork off from Bitcoin Cash.

Some Have Yet to Speak

  • USDH: a stablecoin SLP token.

  • USDT: a stablecoin SLP token.

  • GoCrypto will almost certainly stick with Bitcoin.com, and Bitcoin.com is against the 8% coinbase rule.

  • Most adoption efforts will likely stick with Bitcoin.com as they depend on the Bitcoin.com wallet and cash register app, among other things.

Beyond the Inner Community

Outside of the inner community, these businesses have issued statements.

What is this Really About?

What Bitcoin ABC Says

The Bitcoin ABC talking points include the following.

  1. BCH protocol development is heavily underfunded.

  2. No one wants to fund Bitcoin ABC enough to do more than maintenance.

  3. Bitcoin ABC has been working hard for 3 years and deserves funding.

  4. Almost all of the other protocol developers working on Bitcoin Cash are incompetent in one way or another.

  5. People in BCH constantly criticize Amaury, frequently in extreme, incorrect or outright rude ways.

  6. The 8% coinbase rule will most perfectly align the incentives of Bitcoin ABC with those of the ecosystem as a whole.

  7. If Bitcoin ABC does not do the "right thing" after implementing the 8% coinbase rule (which at current prices and assuming Amaury was successful in his takeover attempt would generate USD$7.7 million in annual income for Bitcoin ABC), then another team could try to replace them.

Here is my point-for-point analysis.

  1. Protocol development funding is indeed meager compared to Ethereum or AVAX or even Bitcoin Core BTC. But it is not unfunded. There is significant funding. For example, Bitcoin ABC has at least USD$1.8 million in funding for the period of 1 May 2020 thru 30 Apr 2021, and still has 8 months to raise another $1.5 million to reach its total desired amount. Other protocol development teams raised, collectively, at least 2039 BCH (USD$600,000+) earlier in 2020 via flipstarters in addition to private donations that I am not counting. It is possible the other teams matched or exceeded Amaury's funding and that by collaborating there would be enough funds to execute the Bitcoin Cash roadmap.

  2. Bitcoin ABC maintains that their hands are tied when it comes to developing new features for Bitcoin Cash, such as raising the limit on the number of chained transactions, because they must maintain the existing software. They have done enormous code cleanup, fixes and backporting over the last 3 years. However, while this is very nice, was it really necessary and/or the best use of resources to polish the existing code? BCH is not a well-funded Fortune 500 corporation that has the resources with which to cross every t and dot every i. I am not qualified to judge technical matters fully, but is it possible a choice was consciously made to focus on code cleanup as a way to force the issue on more funding for Bitcoin ABC?

  3. It is true that Bitcoin ABC has been working hard and maybe they do deserve funding, but at what cost? What is the tradeoff? That we blow up Bitcoin Cash and turn it into a corporate coin? That is self-defeating.

  4. I don’t accept that Amaury and his small team are the only competent protocol developers in the ecosystem. The BCHN contributors put together a full node in record time and even added a mining efficiency improvement to their software. Sure, BCHN forked the ABC codebase but some of them have also contributed important code to the ABC codebase. It simply strains credulity and is too overtly self-serving for one guy to claim that (almost) everyone but him is incompetent.

  5. There is a contingent of people present in the BCH ecosystem that can be vile, rude, can overreact and otherwise be extremely unpleasant to deal with. So what? That is humanity. We work with what we have. It is not a good reason for blowing up Bitcoin Cash.

  6. The incentives on the 8% coinbase rule may align nicely but if it means splitting the coin and losing the grassroots, so what? The cost of that perfect alignment is simply too high. That said, said, the next point addresses the fact that this alignment is asymmetrical. It puts all the power in one person's hands, as things stand today.

  7. Once Amaury has millions of dollars in pocket, at least two serious problems exist. First a line is crossed that can not be uncrossed. Amaury will have demonstrated that, yes, on-chain payments can be intercepted and a portion of them can be extracted for third parties. How long until governments demand we do the same for all payments? Second, who will stop one man who has millions of dollars in his pocket from buying, or even faking, support? What would stop him from buying up hash and running it to support himself? This is like giving one guy in the room a gun and saying if he misuses it you can take steps to stop him. That’s careless and self-serving. None of us are that stupid.

What Others Say

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.

But most projects and people who are actively building in Bitcoin Cash have declared their absolute opposition to it and their refusal to be a part of it, as you can see above.

  1. Opposition to the Method. Some are opposed to the way it is being pushed on the BCH space. It was announced out of the blue, months after 3 previous versions of the same thing had been attempted and had failed with literally 0% support of the miners.

  2. Opposition to Amaury. Some are opposed to Amaury on a personal basis and consider him a bad actor who is holding back Bitcoin Cash. They do not wish to see him have more power, much less if it is drawn from the block reward.

  3. Concern about Crossing Lines. Some oppose the ideas of crossing what they consider a line of interfering with the miner’s incentive to provide proof of work to secure the BCH blockchain. They consider the 8% coinbase rule would make BCH no longer sound money, no longer a contender to be the real Bitcoin, would reduce chain security too much and/or would open the door to future government demands to interfere with the free workings of the BCH blockchain.

  4. Rank Corruption. Some would consider that a cryptocurrency where any portion of the block reward is being syphoned into one person’s pocket, or even any legal entity’s pocket, such as a foundation, to be one of the most extreme forms of corruption possible, particularly in a system that aims to be free of middle-man corruption.

  5. Centralizing Force: Over time, no matter whether the coinbase rule (IFP) pays to one person or an all-star-team foundation, this central point will grow stronger. As its power grows, its ability to set network rules will also grow. And the ability for its power to be checked will relatively diminish, leaving us with an increasingly centralized ecosystem.

If one man can syphon 8% of the block reward away from the incentive system we have all bought into for a decade, would the resulting thing even be a cryptocurrency anymore? Could it claim to be decentralized? These, among others, are questions that BCH builders and users are asking, and that Amaury refuses to engage with in public.

This Could Have Gone Another Way

Had a consensus-building process been undertaken by Amaury Séchet first, had this been done professionally, I would be open to supporting this 8% coinbase rule. I know I am not the only one with this perspective. But Amaury is doing this backwards, first shocking the ecosystem out of nowhere with a dramatic announcement that almost everyone is opposed to.

Amaury’s clumsy approach is almost certainly calculated to elicit strong reactions from the ecosystem such that either people capitulate from fear/helplessness or they leave in disgust. And he can always compromise later to get what he was willing to accept in the first place.

This approach may look good when calculated on paper, game-theory-style, but in the real world it hardens positions and alienates people — which is what we are seeing right now.

The Worst-Case Scenario for Amaury is Probably Acceptable to Him

Some doubt Amaury’s sincerity or his will to fight this to the end. But the worst-case scenario for Amaury is that he gets everything he wants.

  • He forks off to his own coin.

  • He is free of people he dislikes.

  • He has a free hand to do as he pleases.

  • His coin is worth $80.

  • Still in the top 20 on CoinMarketCap.com

  • He increases his coinbase rule to 25% (or more).

  • His annual income? $6,570,000 (which is double what he said he needed in the May 2020 Bitcoin ABC business plan).

For bonus points, Amaury spent 3 months (most of which lays ahead of us) wreaking havoc with Bitcoin Cash, causing people to leave and the coin to lose momentum — and he successfully stuck his finger in the eye of everyone he dislikes!

Vulture the Ecosystem in 80 Days

Now Amaury is dangling the carrot of a share of any funds generated from his 8% coinbase rule. This will successfully pull some people away from Bitcoin Cash.

It will not be attractive to those of us who are ethical actors, who see what Amaury is doing and do not care to profit from Amaury’s selfish, callous and clumsy attempt to destroy Bitcoin Cash and vulture away the pieces.

His actions are tantamount to extortion and must be repudiated by ethical actors.

Amaury is not a team player. His collaborators will not enjoy free speech. Their projects will be at risk of a funding cut-off any time orders are not taken from Amaury.

What Could Happen on Nov 15?

A lot of things could happen and it is too early to offer a clear picture since things are likely to change before then. Given ABC’s rolling checkpoints and the fact that Amaury’s 8% coinbase rule change is a soft fork, it complicates matters.

Bitcoin ABC could gain majority hashrate and there would be no immediate split.

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.

Next Steps

  • Why shouldn't Amaury fork now? Amaury is the one changing the BCH protocol in an attempt to syphon 8% of miner block rewards into his hands. Amaury is instigating the fork here. If his 8% coinbase rule is so great, why not implement it now, on his own coin?

  • Those opposed to the 8% coinbase rule would do well to calmly communicate to the exchanges they patronize what is happening so they understand that one of many full node softwares in Bitcoin Cash is trying to change the protocol against the wishes of almost everyone else. The Bitcoin Cash protocol should continue to be known by the BCH ticker. What Amaury names his new coin is up to him.

  • ViaBTC, AntPool, BTC.com and other mining pools that have not signaled would be well-served to either talk Amaury down from his ledge in private and/or give their miners a choice between mining Bitcoin Cash and mining Amaury's coin, with its 8% reduction in miner income.

  • We must remain vigilant because Amaury is far from done. He has 80 days to wreak havoc with Bitcoin Cash at little cost to himself.

  • 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.

  • If you find this document to be a useful brief on the situation, please share it. People need to be informed. If you don't, please let me know why so I can improve my communications going forward. It is important that BCH users receive quality information around this situation so we can calm their fears and retain them, and ideally in their native languages. I may be producing more content around this topic over the next few weeks.

  • Let’s try to keep building. I welcome feedback on the ideas presented in my manifestos.

Conclusion

The bottom line is that Amaury Séchet is forking Bitcoin ABC from Bitcoin Cash. This is an accurate statement because his 8% coinbase 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, i.e., to not syphon 8% of the coinbase to one man.

Further, almost no one supports Amaury. No miners are signaling for him.

This is Amaury vs Bitcoin Cash, and the end result, as things stand today, is that Amaury forks Bitcoin ABC off into its own coin.

Further Reading

NB: If I have gotten any facts wrong, I humbly request correction. If you want to be listed here along with your position, kindly DM georgedonnelly on Telegram or email george@panmoni.com. Thank you.

Tips totaling $100 or more will be spent to translate this article into Chinese first, then other languages as resources permit. When tipping, feel free to suggest what languages you want translated first.

Fork PNG credit.

This work is licensed under a Creative Commons Attribution 4.0 International License. You are free to republish it, share it, translate it. Just be sure to attribute authorship to "George Donnelly".

Updates

  • German translation added

  • Chinese translation ordered

  • Japanese and Bengali translations ordered

  • "What Others Say" point 5 "Centralizing Force" added.

  • "Further Reading" section added.

  • 04 Nov: Additional media and parties added. English version out of sync with the translations.

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4 years ago

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4 years ago

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4 years ago

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User's avatar Ukku
4 years ago

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User's avatar Cjeeh09
4 years ago

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User's avatar straizzer
4 years ago

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User's avatar Alahi
4 years ago

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.

$ 0.00
User's avatar Nadim20
3 years ago

Nice article

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User's avatar Shahmujib
3 years ago

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.

$ 0.00
User's avatar saadookhan
3 years ago

Very very very very useful article 👍😁😁

$ 0.00
User's avatar Eera24
3 years ago

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.

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User's avatar Koush
4 years ago

Chris claims he supports both chains. Where are the statements of support for ABC from BCH Ghana (ie YOU) and RNEW?

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User's avatar georgedonnelly
4 years ago

Why so harsh on the guy? He might be storytelling, but he gots a point.

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User's avatar Monolith
4 years ago

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.

$ 0.00
User's avatar Monolith
4 years ago

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

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User's avatar Moses27
3 years ago

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

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User's avatar Thremos
3 years ago

Really oh

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User's avatar Umarbuhari
4 years ago

Excellent article

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User's avatar Sparkle
4 years ago

Nice

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User's avatar luckyshanto
3 years ago

@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. 😊

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User's avatar Saha99saha
4 years ago

You are free to copy, translate the article, whatever you like. I will put a license at the end of the article. At this time, I am not hiring translators tho

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User's avatar georgedonnelly
4 years ago

Okay sir.😊

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User's avatar Saha99saha
4 years ago

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.

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User's avatar AnsleyLivy
4 years ago

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.

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User's avatar Akash.
4 years ago

All the best bro.. kep it up

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User's avatar mostakim.ahmed
4 years ago

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User's avatar Rahim420
4 years ago

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User's avatar godfrey
4 years ago

applying for Bengali and Japanese translation again sir?😊

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User's avatar Mark012207
4 years ago

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User's avatar Mamun8888
4 years ago

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

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User's avatar jheaven
4 years ago

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

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User's avatar scotty321
4 years ago

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.

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User's avatar Jon12
4 years ago

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..

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User's avatar Pretyjhen
4 years ago

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.

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User's avatar ilias
4 years ago

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.

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User's avatar Jakir
4 years ago

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

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User's avatar Commycool
4 years ago

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

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User's avatar Abubakar
4 years ago

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

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User's avatar Abubakar
4 years ago

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.

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User's avatar dep2001
4 years ago

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

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User's avatar Nazmulnj
4 years ago

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

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User's avatar molecular
4 years ago

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

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4 years ago

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4 years ago

Greats article i see! i read the first pharagrap and i think i need to readthis completely.. Thats good i wish i agood writer too

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User's avatar Pretyjhen
4 years ago

Nice article Please views my article https://read.cash/@Badhon88/rain-sky-55128271

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User's avatar Badhon88
4 years ago

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

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User's avatar Budz
4 years ago

Thank you for the nice and informative article ☺️

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User's avatar Dindin97
4 years ago

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.

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User's avatar Jthan
4 years ago

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

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User's avatar Efancy
4 years ago

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

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User's avatar Pluma
4 years ago

"...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

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User's avatar TOG
4 years ago

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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User's avatar sistlavenkatagiri
4 years ago

Very informative amd thank you so much for this article and keep uploading more and more

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User's avatar Madanpanta
4 years ago

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

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User's avatar JoshuaDimeji
4 years ago

nice

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User's avatar Simanto129
4 years ago

This is a good writeup I love it

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User's avatar Anebi
4 years ago

Great post! Should be interesting how this turns out!

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User's avatar johnwege
4 years ago

Thanks bro to your information

Stay safe bro

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User's avatar Kristian
4 years ago

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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User's avatar Budz
4 years ago

Why 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 damages

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User's avatar Her-bert
4 years ago

This article really worth the tips. Well done

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User's avatar bboyady
4 years ago

great article, great balanced take on the issues covered.

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

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User's avatar marley2020
4 years ago

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

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User's avatar Ashraf111
4 years ago

nice

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User's avatar Simanto129
4 years ago

Thank you for lot of informations.

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User's avatar TravelNomad
4 years ago

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.

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User's avatar eommaZel
4 years ago

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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User's avatar Her-bert
4 years ago

Osam

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User's avatar Friary
3 years ago

Nice

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User's avatar Besa
3 years ago

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.

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User's avatar emergent_reasons
4 years ago

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

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User's avatar georgedonnelly
4 years ago

It does not address my concerns but I appreciate it still. To clarify, as I have discussed with you before, the fact that the money hose currently spits out to one person is a red herring for me. Over time, that will evolve to something more complex. It's the same as if it started with something more complex. The issue is that it will create an increasingly powerful centralizing force as the network grows, making it easier over time to capture and set rules on the network. Not to mention the enormous potential for corruption that emerges from free money hoses. Not to mention that no miners actually ask for this and it has great potential to make BCH into the enemy of the mining community.

The only miners I ever saw supporting this were because they had been duped into thinking that there is this huge and unsatisfiable need for funding. We know now that this narrative was manufactured or at best the result of bad relationship management. In addition to that, rather than just finding a way for agreeable miners to do the funding in some reasonable way, they shirked responsibility for hard choices by forcing the problem on everyone through IFP. Just a circus of bad communication, bad decisions and lack of responsibility.

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User's avatar emergent_reasons
4 years ago

I understand. Thanks for explaining it to me so clearly. Unfortunately I already sent the article for translation in several languages so even if I update this one, it would not immediately appear in the translations that are under way.

I have integrated a summary of your point into the What Others Say section as point #5. Does this represent your point?

If you have a full exposition of your thoughts on this, I could link to it from a suitable place in this article.

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User's avatar georgedonnelly
4 years ago

What you wrote in #5 is a good summary. Appreciate that. Unfortunately I have not written this up in long form anywhere.

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User's avatar emergent_reasons
4 years ago

Really he has taken good effory

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User's avatar Irfanbhatti
4 years ago

thanks for the good and informative article keep posting.

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User's avatar iernam09
4 years ago

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

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User's avatar Ladyv28
4 years ago

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

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User's avatar phamnuwen
4 years ago

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

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User's avatar nur.rahman
4 years ago

What a very unique article ideas of you.,you are really very much smart to share some of information about this to us here in read cash. Im looking more forward to read more of your articles because it might help us understand crypto currency bitcoin cash because.. Not all people knows about this crypto currencies in this world. I subscribe you already so that i can be updated all of your upcoming work articles.. Once again thank you for sharing your thoughts for this matter.

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User's avatar Kloverztel28
4 years ago

Outstanding writter you are sir! This is your first article which was i read.I feel so lovly.through your article i learn so many things😍😍Thank you sir

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User's avatar Subha_Suhi
4 years ago

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.

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User's avatar Shitcoincharter
4 years ago

What was your reasoning for thinking Roger Ver was the problem?

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User's avatar CitadelOfRicks
4 years ago

Mr Ver was never the problem with BCH. That's just troll fud. Now the trolls like you appear to just fud in a different way.

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User's avatar Big-Bubbler
4 years ago

Wtf you don't even know me, you just come here chatting shit and calling me a troll? TF?? where did you see me troll anyone before?

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User's avatar Shitcoincharter
4 years ago

Once is enough to get the title.

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User's avatar Big-Bubbler
4 years ago

Show me the once, I'm waiting

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User's avatar Shitcoincharter
4 years ago

Your mom is a troll

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User's avatar Shitcoincharter
4 years ago

No, he even posted article yesterday saying "ABC please Stop". He stated Bitcoin Cash runs well not until IFP.

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User's avatar Eybyoung
4 years ago

I know, I saw it.

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User's avatar Shitcoincharter
4 years ago

Yeah, it means the other side is complicated.

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User's avatar Eybyoung
4 years ago

All we need to do now is for peace to prevail. BCHN node and Bitcoin ABC should blow the peace pipe

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User's avatar Her-bert
4 years ago

Yeah, I hope both side must have a common goal for the coins growth in the future instead of splitting or forking again.

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User's avatar Eybyoung
4 years ago

You are right

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User's avatar Irfanbhatti
4 years ago

i also had the same thoughts i am glad i stumbled on the article @Shitcoincharter

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User's avatar khrispyshots
4 years ago

Dont understan...

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User's avatar Arif.12
4 years ago

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.

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User's avatar Olad
4 years ago

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

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User's avatar dallascowboy
4 years ago

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

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User's avatar guestph
4 years ago

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?

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User's avatar Clintbling
4 years ago

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

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User's avatar KaziMoshiqur
4 years ago

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.

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User's avatar alberdioni8406
4 years ago

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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User's avatar A.B.C.1.2.3
4 years ago

খুবই সুন্দর বিশ্লেষণ।আমার ভাল লেগেছে খুব। আশা করি এরকম প্রতিবারই লিখবেন। আপনার পোস্টগুলা সবসময়ভাল হয়। এবংআপনার পোস্টগুলা সবার চেয়ে আলাদা।

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User's avatar Fardin958
4 years ago

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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User's avatar Mhery_04
4 years ago

Well done, every part of how good the post is and how well organized it is in terms of everything

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User's avatar Velimirveki97
4 years ago

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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User's avatar Tasnim77
4 years ago

its important because if no website or app that give money ther no longerwebsite on it

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User's avatar jacob0998
4 years ago

this will be wiriting little

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User's avatar Zahid-Hasan
4 years ago

Thanks gor the article

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User's avatar Shipuahmed
4 years ago

Thank you so much for you brilliant information.awesome performance sir.god bless you.

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User's avatar Arifa4824
4 years ago

Good sponsorship and good project....

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User's avatar Shuvoimran
4 years ago

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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User's avatar Bonjour1068
4 years ago

Thanks for the article

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User's avatar Macflexidestinero
4 years ago

Wonderful

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User's avatar Just8
4 years ago

I know this comment is a little bit late or too late but I am just glad that I found this article. It is such a helpful article for us who are newbies and still learning about cryptocurrency. Through this, it will serve as a guide for us to know the key points and the vital backgrounds about bch and other cryptos. ☺

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User's avatar Jeaneth
4 years ago

Well written about crypto currencies.

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User's avatar James114
4 years ago

@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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User's avatar Yann.Poire
4 years ago

Useful and informative article.Thanks. for sharing

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User's avatar Suraiyajahan
4 years ago

This is so good and helpful article. You have highlighted many important things here.Thanks for sharing.

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User's avatar lukalaban1981
4 years ago

nice

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User's avatar kovacigor
4 years ago

Nice

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User's avatar mdik1000
4 years ago

BOOST

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User's avatar kalsey
4 years ago

Good article.

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User's avatar susmita55
4 years ago

good

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User's avatar kalsey
4 years ago

Nice

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User's avatar kalsey
4 years ago

Wow nice article! Good job

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User's avatar KS1389
4 years ago

every honor on the post, I really liked it: D you helped me a lot

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User's avatar vladimir94topke
4 years ago

You are great sir

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User's avatar Haydee24
4 years ago

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

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User's avatar potta
4 years ago

you are great sir..

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User's avatar devjani
4 years ago

"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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User's avatar Big-Bubbler
4 years ago

Shall I assume the funds are going to the Red Cross? You lost me here. As things stand today, the money is headed to Amaury. Sure, it might be a multi-sig wallet with others close to him. But the bottom line fact remains that Amaury aims to move the 8% funds from the miner incentive into his hands, to decide with as he pleases.

This is a statement of fact, at the very least as things stand today, and if it is not then I have no doubt the combined might of Team ABC will be able to effectively and promptly rebut me.

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User's avatar georgedonnelly
4 years ago

Well, they have put out a new comment with some details now. That said, Not knowing and ASSUMING ABC will steal the money and keep it rather than use it to make BCH greater is what you and many regularly claim or imply. Your 'Red Cross" suggestion would also be theft of BCH development funding. The dishonest assumption is the basis for many of the attacks created by the anti-BCH social engineering teams. You have joined in on the dishonesty used to attack BCH. I hoped you would stick to the truth as you claim you want to do.

Assuming it is a fact that Amaury will unilaterally choose the recipients of the funding is also an assumption. One that may turn out to be true, but calling it a fact now is not truthful unless you know it is true. Maybe you have been fooled into these complex dishonesties by the very sophisticated social engineering? I hope so.

Even if Amaury did make all the decisions as to where the funding would be spent, you have no real evidence (I am aware of) that he will fail to spend it in the best way he can discover for the benefit of BCH. Assuming he would do anything else is a common personal attack vector pushed by the anti-BCH forces to divide the BCH community. ABC has been "in charge" of BCH for years. The troll army just weaponized the status quo as if it was something new. Yes, it is a problem and Amaury makes things worse than they need to be.

I want to see us fix the problem safely. Amaury is a jerk and I am fine with replacing his leadership in a smart way. I am concerned the dishonest and misleading attacks are being used to fool the BCH community into making an emotional and rash decision to pass BCH's "reference node" to a team created by the troll army. A team that is led by an anonymous account that has not offered to prove themselves first or do the work ABC has been doing for years. Even if BCHN takes over majority hash in Nov., I currently believe we need ABC's BCH as a back up in case of the small chance that BCHN is another infiltration attack.

I liked your article on your straight path through all the flak in your business life. I applaud your steadfastness to your stated goals. I do not wish to be part of your hurdles. I just hope you see what you are doing is not as honest as you may think.

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User's avatar Big-Bubbler
4 years ago

ASSUMING ABC will steal the money

I certainly am not saying that.

You have joined in on the dishonesty

Show me where.

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.

you have no real evidence ... that he will fail to spend it in the best way he can

If I bought into that nonsense I would be out here pimping the USD, Congress and talking about voting.

I just hope you see what you are doing is not as honest as you may think

I am listening.

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User's avatar georgedonnelly
4 years ago

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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User's avatar Big-Bubbler
4 years ago

the combined might of Team ABC will be able to effectively and promptly rebut me.

It is not a known fact as far as I know (more detail in my other comment). I think you know ABC does not waste time doing that sort of thing. That is why the anti-ABC attacks have been so effective. Many lies and false assumptions go unanswered. In theory, we are better off if they keep coding. I was happy when they brought you on board to try to do some damage control at least. It appears you arrived too late and Amaury's actions and silence made your task nearly impossible as well.

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User's avatar Big-Bubbler
4 years ago

What If amaury pulls out 8 percent IFP. You will be supporting them again?

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User's avatar Hiecho
4 years ago

I would find that challenging since Amaury would only come back and try again. It's very sad but I think Amaury at this point is best served by forking away and doing his own thing.

That said, Amaury will likely modify his 6 Aug announcement as time goes on in order to strengthen his position. Stay alert.

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User's avatar georgedonnelly
4 years ago

😂 it's going to the Red Cross

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User's avatar Shitcoincharter
4 years ago

Nice one

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User's avatar Buhari285
4 years ago

thanksfor your kind information sir❤❤❤

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User's avatar ariyan009
4 years ago

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

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User's avatar Imran
4 years ago

nice one

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User's avatar Jones99
4 years ago

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.

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User's avatar Pavel1
4 years ago

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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User's avatar Jide
4 years ago

Thank for good information

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User's avatar Monjusaddam1.-
4 years ago

Wow...... Nice........keep writing

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User's avatar Roopa
4 years ago

Thanks for knowing good informations.....,,,,,

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User's avatar Moshiur
4 years ago

Good post

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User's avatar mahid
4 years ago

Very exclusive article brother

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User's avatar Sarfaraz12
4 years ago

wow this is a very good information

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User's avatar Gerard45
4 years ago

Good informative

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User's avatar Shajin
4 years ago

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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User's avatar Suvankar
4 years ago

thanks for your information

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User's avatar Nisha
4 years ago

Very nice article

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User's avatar MWaseem
4 years ago

I want to know more about Bitcoin I have no idea about bitcoin Thank you for your post Request everyone to

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User's avatar sajid.
4 years ago

Thank you for this information.

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User's avatar jprupp
4 years ago

당신의 기사는 매우 아름다웠습니다 앞으로 더 아름다운 글을 써 주셔서 감사합니다.

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User's avatar liya
4 years ago

Nice information

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User's avatar DeeBoss
4 years ago

I want to know more about Bitcoin I have no idea about bitcoin Thank you for your post Request everyone to support me

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User's avatar MD.RONI
4 years ago

Why are the points stuck? please help me

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User's avatar Hossain628
4 years ago

.Hmmm 8%, i think its a worthy and valuable percentage, it could change yhe overall game, hence great article 😋😋

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User's avatar Pavel1
4 years ago

really your article very nice

Excellent information. Thanks for sharing the it , I will always give support, come, you will also give😍😍😍

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User's avatar Arif143
4 years ago

nice article

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User's avatar straizzer
4 years ago

Informative article.... I have just learn a lot about. Bitcoin and crypto-currency after reading this massive article.

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User's avatar rdredoy131260
4 years ago

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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User's avatar Nameless
4 years ago

Hmmm 8%, i think its a worthy and valuable percentage, it could change yhe overall game, hence great article 😋😋

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User's avatar raashid
4 years ago

Good post

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User's avatar Mostakim5
4 years ago

Wow so nice your article is amazing

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User's avatar Shahzadnoorkhan43
4 years ago

Soo nice post you have shared i agree with u.

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User's avatar Loundbalouch
4 years ago

the article with good concept. It is content huge of iinformation. I like the article. The writer is really a good writer

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User's avatar Manik0
4 years ago

Very important

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User's avatar OumaMD
4 years ago

your work is really good . and your article awesome

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User's avatar MeriMoon
4 years ago

Verry nice good arti

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User's avatar Dagohoy
4 years ago

very critical article !

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User's avatar Ragz
4 years ago

this is a very important articals

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User's avatar Rubel446
4 years ago

Supper

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User's avatar Rubel446
4 years ago

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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User's avatar OMG-OldManGamer
4 years ago

Thx for sharing such a useful words and info

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User's avatar Maham190
4 years ago

Excellent information. Thanks for sharing the it

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User's avatar mdfahim23103
4 years ago

Very important articles.thanks

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User's avatar Chadni01
4 years ago

You wrote very important article

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User's avatar Bhaiya
4 years ago

Bitcoin is changing my life I can't imagine how can I get a lot of money . I am very grateful to read.cash and sir it's New informative tropic for me thank you

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User's avatar Afra4
4 years ago

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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User's avatar Fahad
4 years ago

Good article Keep it up up..............

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User's avatar Aroo
4 years ago

beautiful article. its a very good post.

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User's avatar armyshuvro
4 years ago

Very good article

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User's avatar polys1
4 years ago

its,really good post

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User's avatar esrail
4 years ago

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

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User's avatar Pavel1
4 years ago

ok thats reliable

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User's avatar paley
4 years ago

Nice article loveu bro..

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User's avatar Mr.Pritom
4 years ago

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

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User's avatar marcia
4 years ago

You wrote very important article.

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User's avatar Hossain
4 years ago

Awesome and great article

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User's avatar Lakewoods
4 years ago

Sir I'm very needs to your helped! please sir!

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User's avatar Arnob
4 years ago

I stil belive in Bitcoin, and BTC cash too

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User's avatar lukalaban1981
4 years ago

I still believe that BCH has much much greater speculative opportunities than BTC

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User's avatar Holma
4 years ago

how is this working?

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User's avatar lee23
4 years ago

Good article

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User's avatar Kafa3858
4 years ago

Wow very nice article friends

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User's avatar Shila
4 years ago

I appreciate it so helpful thanks Pls subcribe me

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User's avatar GoodKid123
4 years ago

its so helpful thanks

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User's avatar Mahdi239
4 years ago

Its so helpful thanks

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User's avatar Mahdi239
4 years ago

It's very important informat

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User's avatar Joyashree
4 years ago

Now a days bitcoin wallet is more usefull for online earning.ineresting article.

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User's avatar Robi12175
4 years ago

Wow beautiful

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User's avatar Helal72
4 years ago

Wow!! Nice writing

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User's avatar Amena
4 years ago

Pls subscribe me

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User's avatar Rajia95
4 years ago

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.

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User's avatar Nadim20
4 years ago

@georgedonnelly

Here is the French version of this article.

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

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User's avatar Yann.Poire
4 years ago

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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User's avatar Maryt
4 years ago

I subscribe u...please back to subscribe

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User's avatar Jas_mine3
4 years ago

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

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User's avatar blazingwolvez
4 years ago

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 .

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User's avatar Robi14789
4 years ago

Now you updates informaton, write well

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User's avatar Lima
4 years ago

So so much love this information. Keep it up⏩

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User's avatar Henro
4 years ago

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.

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User's avatar Fahad
4 years ago

And I liked the information

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User's avatar tovarish
4 years ago

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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User's avatar Breeenz
4 years ago

Good message

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User's avatar Raheem
4 years ago

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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User's avatar Shaikatboss
4 years ago

Nice

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User's avatar Mahadi121
4 years ago

I hope BCH value did not change or drop because of this changing or having this fork in BCH future.

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User's avatar Nhelvimi
4 years ago

All your articles are informative.. goodwork😉

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User's avatar Rheilynne
4 years ago

Yes correct that very nice

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User's avatar Silambu2
4 years ago

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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User's avatar The_man_mub
4 years ago

wow

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User's avatar farhan_labib
4 years ago

Thanks forthis information

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User's avatar Wilma
4 years ago

Very good article

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User's avatar Bilal123
4 years ago

Thank you for the informatio.. I am also a new article writer please go and check out my article also to help me please It would be a great encouragement for me!thank you

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User's avatar Din
4 years ago

Thanks for the information you've share

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User's avatar TOPEL
4 years ago

Thanks for excellent information sharing

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User's avatar Emon31
4 years ago

Nice post

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User's avatar Rafia
4 years ago

vital information about Bitcoin cash, now i am know, thanks.

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User's avatar Payel
4 years ago

Thanks for sharing those information

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User's avatar Arisha16
4 years ago

Sir,we are really happy because im very benifit for your article. So thanks a lot for sharing your valuable information.

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User's avatar mahmud995
4 years ago

[Removed comment]

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User's avatar Read.Cash
4 years ago

Sir please can I translate to Portuguese?

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User's avatar HSSdesigns
4 years ago

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.

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User's avatar Yann.Poire
4 years ago

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.

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User's avatar Nesfruta
4 years ago

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

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User's avatar nipa7
4 years ago

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

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User's avatar Miss_Izzie
4 years ago

Good article! What a messy situation.

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User's avatar johnwege
4 years ago

Very helpful article, thanks a lot 😍

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User's avatar Nader
4 years ago

What a mess

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User's avatar TheWalrusIsPaul
4 years ago

Vauuuu

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User's avatar Dalibor83
4 years ago

Explicit true

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User's avatar Tobah2
4 years ago

thinks

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User's avatar Mainul12
4 years ago

Amazing 👌💪

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User's avatar HardekunleMubarak1050
4 years ago

Great article

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User's avatar HardekunleMubarak1050
4 years ago

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

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User's avatar pvper
4 years ago

so good

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User's avatar Simanto129
4 years ago

Good work

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User's avatar Mike23
4 years ago

♥♥

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User's avatar emon
4 years ago

nice

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User's avatar emon
4 years ago

I really like your article

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User's avatar shipon.akondo
4 years ago

useful information article i well totally understand!!!

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User's avatar noorfalakh
4 years ago

nice

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User's avatar Simanto129
4 years ago

Nice article! Many infos. Thanks!

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User's avatar ivsh
4 years ago

so interesting

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User's avatar tobah1
4 years ago

Thank you

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User's avatar Ukamsav
4 years ago

This is acknowledged. Create more interesting article . Goodluck 👍

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User's avatar J-M-2-3
4 years ago

Good article dear.I ssubscribe you,you can back me

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User's avatar Soniya
4 years ago

Beautiful article

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User's avatar Ashraf111
4 years ago

Nice article Please views my article https://read.cash/@Badhon88/chai-latte-6d79b4fd

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User's avatar Badhon88
4 years ago

Nice article

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User's avatar oneguneye
4 years ago

Great article

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User's avatar Jreuyan
4 years ago

Reward percentage is high

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User's avatar Anita
4 years ago

@@@

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User's avatar emon
4 years ago

nice

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User's avatar jenny21
4 years ago

Nice site Bch in the very improtent You are so brilint

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User's avatar noyon.sorker
4 years ago

Wonderful

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User's avatar Okika252
4 years ago

please view me and subscrib..

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User's avatar Safer01
4 years ago

This is one of the best article I ever read in this planform, thanks so much for sharing, enlighten, educating and empowering me.

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User's avatar Priesthood
4 years ago

How can you get more and more viewer.?? Though ur subscriber is limited...plz gives us some suggestions

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User's avatar Arif.12
4 years ago

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

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User's avatar BCHouseVE
4 years ago

Thank you, Roberto.

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User's avatar georgedonnelly
4 years ago

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

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User's avatar NilacTheGrim
4 years ago

Thank you, I just ordered the Chinese translation.

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User's avatar georgedonnelly
4 years ago

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

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User's avatar mooontivated
4 years ago

beautiful

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User's avatar Nafisa12
4 years ago

Roger made a good choice.

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User's avatar Senju
4 years ago

If everyone supports me then I will support everyone

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User's avatar shipon.akondo
4 years ago

If everyone supports me then I will support everyone

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User's avatar shipon.akondo
4 years ago

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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User's avatar denzjam
4 years ago

beautiful

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User's avatar Helal72
4 years ago

nice article

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User's avatar Tariqsk9
4 years ago

nice article

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User's avatar Tariqsk9
4 years ago

I know this

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User's avatar Adnanadil
4 years ago

Good

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User's avatar Nayan321
4 years ago

SLP tokens are working good

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User's avatar Zemira
4 years ago

i love BCH

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User's avatar Shienna
4 years ago

Subscribe yours please subscribed mine. Thank you

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User's avatar jannarcs
4 years ago

nice article

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User's avatar Tariqsk9
4 years ago

Thanks for sharing your experience

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User's avatar RanaG
4 years ago

nice article

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User's avatar Tariqsk9
4 years ago

Damn son

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User's avatar Angelsssssssss
4 years ago

Thank you

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User's avatar mithon.mondol
4 years ago

please subscribe me

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User's avatar Tariqsk9
4 years ago

nice article sir

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User's avatar Tariqsk9
4 years ago

Support back me bro

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User's avatar mostakim.ahmed
4 years ago

Thanks.. bro

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User's avatar mostakim.ahmed
4 years ago

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

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User's avatar sykoe
4 years ago

Pls subscribe my profile

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User's avatar Rajia95
4 years ago

Thanks for sharing

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User's avatar moonlight
4 years ago

Good article... Thanks for posting

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User's avatar Md.Mofassal
4 years ago

Nice article

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User's avatar Shila
4 years ago

Good article

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User's avatar Shila
4 years ago

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

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User's avatar salma24
4 years ago

Thank you.

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User's avatar Taj
4 years ago

Good information

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User's avatar Zabi103
4 years ago

Always good

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User's avatar Muazzem
4 years ago

nice article sir

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4 years ago

Pls subscribe my profile

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User's avatar Rajia95
4 years ago

Its big opportunity for all

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User's avatar Mrm
4 years ago

Thanks for ur information

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User's avatar Monjusaddam1.-
4 years ago

Very good idea

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User's avatar Simarj
4 years ago

Nice article

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User's avatar sanja50
4 years ago

Thanks bro to your information

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4 years ago

Nice information dude 😎😎😎😎

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4 years ago

Pls subscribe my profile

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User's avatar Rajia95
4 years ago

Good article.Thanks for posting.

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User's avatar Ashraf111
4 years ago

Thank alot for this and good job for you

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User's avatar Meerah
4 years ago

Thanks for this information i am so happy about that this would be good for the history of Cryptocurrency love your content bro you areee too good bro thanks for your information 🥰🥰

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User's avatar Vishal33
4 years ago

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User's avatar nipa7
4 years ago

Hi

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User's avatar Mamun8888
4 years ago

Thank you for the details

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4 years ago

Nice one

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User's avatar Benjaminbuenafejr
4 years ago

Nice

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User's avatar Anikarj
4 years ago

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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User's avatar Jennah
4 years ago

Bitcoin cash is my favourite

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User's avatar sobujr619
4 years ago

Very nice

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User's avatar Madhurzo
4 years ago

Nice post

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User's avatar Bidhan
4 years ago

Thats great information Thanks for sharing

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User's avatar Aleem
4 years ago

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

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User's avatar Great_Influence
4 years ago

BCH will go where BCH will.

This is a true test of governance on what is, in my opinion, the most reasonable version/fork of Bitcoin.

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User's avatar marley2020
4 years ago

thanks for that wonderful information

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User's avatar jenny21
4 years ago

Very informative

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4 years ago

Very informative summary pllz sub me I will sub you back

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4 years ago

Pls subscribe my profile

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4 years ago

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4 years ago

W

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4 years ago

Pls subscribe my profile

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User's avatar Rajia95
4 years ago

Nice

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User's avatar YuriSayco
4 years ago

Wonderful summary! Thank you, sir!

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User's avatar fixthetracking
4 years ago

nice

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User's avatar mdpolash
4 years ago

Thanks for such a helpful information...

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User's avatar Nader
4 years ago

Thanks for the information

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4 years ago

Great information

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User's avatar Kristofor
4 years ago

Very excellent article... Thanks for sharing sir.

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User's avatar Bensaga
4 years ago

good writing Brother

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User's avatar Lima
4 years ago
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