Roger Ver cancelled his help for plan to start out utilizing piece of block rewards / inflation to fund Bitcoin Cash builders. Great information which suggests it probably will not occur however nonetheless some critical harm carried out by many for even supporting this concept in first place and attempting to push it by means of. Of the highest of my head, Jihan Wu, Amaury Sechet, Vin Armani, Hayden Otto, Chris Pacia and plenty of different BCH leaders supported it, whereas many others had been silent after they wanted to talk out.
Immediately this lowered the ethical excessive floor Bitcoin Cash had within the cryptocurrency group and will likely be used in opposition to us for years to return. It additionally broken my belief I had in these leaders, who I believed to have robust rules and sharp enterprise acumen.
I feel subsequently threat/reward has gone down for BCH, vs for instance Ethereum, and a decrease allocation continues to be justified. Other components additionally play, resembling excessive odds Bitcoin Core nonetheless to check backside round 4k, which can probably make BCH go down extra as ETH. Shifted my publicity from 30% BCH / 20% ETH to 20% BCH / 30% ETH, however plan to go to majority BCH once more if we’d appropriate and take a look at the underside as I really feel BCH group was really strengthened by this battle, realizing extra what we’re, how we function, and what wants be carried out to see our voluntary donation enterprise mannequin work higher.
Talking about significance of POS vs POW, to get excessive safety at low price, in addition to put the ability to make massive modifications to the system the place it belongs: with the coinholders. Also focus on crowdfunding platform Lighthouse, developed by Mike Hearn and Olivier Janssens at finish video that was initially invented to unravel funding drawback in Bitcoin Core and I consider could be nice answer for Bitcoin Cash, selecting up the place Bitcoin Core went mistaken. Would be very completely satisfied to assist finance it.
Lighthouse platform by Mike Hearn: