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Bitcoin Cash Fundamentals Are Stronger Than Ever

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Avatar for jonald_fyookball
Written by   202
2 years ago

I've been a big believer in the idea of peer-to-peer electronic cash ever since I first heard about Bitcoin. As you might know, the unfortunate "scaling debate" of 2013-2017 necessitated the creation of Bitcoin Cash to continue the Bitcoin project, which is unimpinged by the inappropriate 1MB block size limit.

Bitcoin Cash has had its challenges, but despite that, has quite a strong community that is building great things.

Before the pandemic, the focus of the BCH community was in debating the controversial IFP (Infrastructure Funding Plan). Initially I was a proponent of the plan, and later changed my mind.

The BCH network has upgraded today and the IFP was not activated. But whether you were for, or against the IFP, the good news is that Bitcoin Cash has emerged from the debate much stronger.

  1. The issue of funding infrastructure got a much needed spotlight and attention.

  2. The topic of funding development via coinbase rewards was thoroughly discussed, debated, dissected, and analyzed.

  3. The miners took an active role in making protocol decisions.

  4. A fresh implementation (BCHN) arose to provide healthy competition to Bitcoin ABC, and is gaining traction with mining share.

  5. As a result of competitive pressure, ABC was compelled to become more professional and hired a spokesperson.

  6. The community proved itself resilient, capable, and decentralized -- able to reject a truly contentious change even when the 'lead' implementation desired it.

  7. Many node projects were able to raise funds voluntarily.

Although some people seem to be upset that the BCH community is 'divided' as far as which node implementation they support, I think that's ok. That's politics and it's always going to be there. (Better "there" than in the protocol via the IFP, but I digress).

The IFP drama was a blessing in disguise. The lead implementation model was the reality for a few years and it served us well. Now we seem to be entering the multiple implementation model, assuming BCHN sticks around. And we survived the drama and got to this point, stronger, wiser, and more educated than before.

Bitcoin Cash is still, in my opinion, the best cryptocurrency project thanks to its focus on being peer-to-peer cash for the world, and its already established network effect with a growing base of users. I'll admit it felt like we were sailing in some rough seas during the IFP debate, but the storm has passed and the ship is on course!

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Avatar for jonald_fyookball
Written by   202
2 years ago
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Comments

As a result of competitive pressure, ABC was compelled to become more professional and hired a spokesperson.

This is spin. There was no compulsion. I simply stepped up. If more people would step up more often, we would have fewer problems.

$ 0.01
2 years ago

hi George. Well that is great that you did. My point was more about the fact that ABC is getting better. I happen to think it's partially because of the IFP dynamics. If you don't, that is fine. ABC is still a part of BCH, and if ABC is improving then so is BCH. Cheers.

$ 0.10
2 years ago

It is the way you frame it, Jonald. You frame it as if there was some outside compulsion or force or pressure, when in fact all of the motive power came from myself and from inside the team. You framed this dishonestly and in a way that serves your narrative. Be more honest and less self-serving, please.

$ 0.00
2 years ago

And so the world stand up. Or so we hope. Let's make our best to bring BCH to everyone, not just the experts.

$ 0.00
2 years ago

Wow. great article Good job done

$ 0.00
2 years ago

Great article.
Thank you Jonald!

$ 0.00
2 years ago

We honestly do not need more articles about the IFP. You really should focus on your own projects instead of harassing Bitcoin ABC.

$ 0.10
2 years ago

No u

$ 0.00
2 years ago

I'm not harassing anyone. You're projecting. This article is about Bitcoin Cash being strong. Find someone else to argue with please.

$ 0.61
2 years ago

Amaury works really hard to make this dream work for us all. Imagine how Amaury feels right now with the noise people are generating.

$ 0.00
2 years ago

I'll admit it felt like we were sailing in some rough seas during the IFP debate, but the storm has passed and the ship is on course!

Amen! 🙏

Now on to bigger and better things 🤩

$ 0.05
2 years ago

No 5. is not really a positive, it's working more against ABC to be honest.

$ 0.00
2 years ago

It seems like a great thing for ABC and the future if you assume ABC will remain a primary development team for BCH. I think is shows positive progress for BCH.

$ 0.00
2 years ago

Thank you for upvoting my comment with some BCH. I appreciate it as an encouragement to be more active on read.cash. Thank you a lot.

$ 0.00
2 years ago

Bitcoincash is forever bro nice article bch going to be the king

$ 0.00
2 years ago

I am kind da new in bch so. Havent see much app regaeding bch . It willl be very helpful for me if you can sugget some.

$ 0.00
2 years ago

That is good to know but I am more impressed with the number of apps that are being built on top of the BCH ecosystem.

$ 0.00
2 years ago

Bitcoincash has a great future in my opinion and has more chances of achieving mass adoption than bitcoin and alt coins.

$ 0.05
2 years ago

At the end what matters the most is we are moving forward. Let's work for further adoption.

$ 0.00
2 years ago

Yh I think that is what we are supposed to do . Work together and stand firm.

$ 0.00
2 years ago

As long as BCHN get's their way, we will all be happy campers and your article is true. Otherwise, they have a chain-split together with any other nodes opposed to the funding plan or whatever other ultimatum they choose in the future. It is nice while it lasts and the many good points in your article remain helpful. Maybe all will stay stable? I hope so.

$ 0.00
2 years ago

We dont have IFP nor chainsplit. The here and now is moving forward together, eh?

$ 0.05
2 years ago

We appear to be moving ahead without sufficient funding for development. I hope we fix that with a "win-win" funding plan of some sort. Gloating over the lack of an IFP as if that is a good thing instead of building a replacement strategy kinda sucks, IMO, but, it is not your job to fix the lack of funding. I appreciate the many good things you are doing for BCH and assume you are busy with those important parts of the big picture. People posting about the defeat of funding trigger my grumpy response. But, Yes, moving forward is good. It could have been much worse.

$ 0.00
2 years ago

The IFP drama was a blessing in disguise.

Indeed! This has just made the community better.

$ 0.00
2 years ago

very nice article thansk for posting interesting news about bitcoincash

$ 0.00
2 years ago

Challenges, arguments, innovations and division of team always result in better, stronger and solutions oriented projects. That is what IFP and other issues brought to BCH's growth and adoption.

$ 0.05
2 years ago

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$ 0.02
2 years ago