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Amaury claims he can fund network development “predictably” from his ABC coin network but that Bitcoin Cash will have to rely on “donations”.
But he can not predict the price of his ABC coin from which his supposedly superior funding would be coming from.
Just look at the collapse of futures prices at CoinEx, where “BCHA” is valued by the marketplace at 5% of Bitcoin Cash BCH.
Amaury’s narrative simply does not hold up.
We still believe that reliable funding for network development is crucial for building sound global money
The drumbeat of funding, funding, funding is tired, especially given how successful the flipstarters have been over the last 6 months.
Sure, people building on Bitcoin Cash need funding. But we also need to make forward movement with the resources available to us now. We can’t let one person hold up P2P electronic cash with an issue where the market has signaled against it 95 to 5.
our major sponsors, have requested we create a version of our software that is compatible with the BCHN chain.
This is extremely telling. Bitcoin ABC doesn’t have a lot of sponsors. Someone laid down the law for Amaury here in a big way.
our work on the BCHN [sic] chain will be limited to software maintenance
This suggests that Amaury will keep backporting Core for the Bitcoin Cash BCH chain and will reserve his Avalanche and other experiments for ABC coin, if it even comes into existence.
ABC coin will likely become a testing grounds for Bitcoin Cash — a glorified testnet — not unlike the Freecash experiment. I expect it will be leveraged for further attempts at taking over Bitcoin Cash.
It looks like we are in the home stretch of this threatened network split. A lot of effort was spent to ensure Bitcoin Cash could remain intact, and it seems that perhaps ABC coin will never come into existence.
But I believe that Amaury will use whatever resources are at his disposal going forward to prepare the ground for a third try at an IFP. You may consider Amaury spent, lacking in credibility and representing no danger. You may be right. I mean, I can’t believe any major exchange will take him seriously again after they wasted time preparing for his network split that he himself has now flinched at in the critical final moments.
But going forward we need to be sure we outbuild him and retain a cordial and collaborative atmosphere in Bitcoin Cash. That is our best defense, and coincidentally the best way for us to achieve the Bitcoin Cash mission.
I will continue my work on welcoming new people into Bitcoin Cash and teaching them about it so they too can benefit from P2P electronic cash for the world.