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Bitcoin ABC ($BCHA) was created on November 15th, 2020 by the founders of main BCH node implementation, inherited from BCH and BTC chains with genesis block. Bitcoin ABC introduces a new way to fund directly to developers and govern the fund based on major holders and miners. It aims to attract talents to build and commit for long term, while bringing additional benefits for users and miners where they can have their say at GNC based on their proof of stakes: Each miners with more than 1000 blocks and 21 major coin holders are qualified for a share of GNC fund. With the new incentive model, Bitcoin ABC aim to address the funding issues that plague the open source community for long.
But we need to rethink the very idea of what crowdsourcing is capable of—and understand that it is perhaps more limited than promised. The open source revolution has been carried on the backs of some very weary people.
Will Bitcoin ABC Incentive Model be able to solve the open source funding issues? The developers team at Bitcoin ABC think it is. See this article from Cain.
For me, I believe the incentive will at least provide a stable funding for developers, so that they focus to build and stay, rather than to to seek for unstable and risky sources of incomes, such as donation, sponsorship or trading.
Crypto is full of dump and pump scheme which scare people away. It is time to build it as a professional place!