Gold collapsing. Bitcoin UP.

[AdrianX]

So BU's plan (a projection gaven how BU works) is in practically aligned with BCHN's plan. (a new coin)

If the scaling debate heats up again like in 2015 -17 BU could face the same roadblocks with BCHN and then another fork.

TBH, I'm not seeing how BCH either side of this new "tax debate" is going to attract a scaling challenge. I'm just one person, who was told to fork off, what are all the others going to do? I suspect they've forked off too.

BCH is looking more and more like it was a strategy to fork off the OG's who wanted to scale the one Bitcoin and then divide them into obscurity.

 

[cypherdoc]

What a shame. Our very own @Mengerian has truly gone off the rails; playing the heavy hand of junior lawyer so it seems :

Post automatically merged: Sep 13, 2020

And here :

 

[bitsko]

'ancaps still have contracts guys'

 

[torusJKL]

Now that ABC is risking to become the minority chain it is suddenly not about majority hash anymore.
BitcoinCash.org is now the place that defines Bitcoin Cash.

Historically exchanges have awarded the ticker to the majority hash chain.

There is no such historical precedence. Tickers have been decided for other reasons.

The BCH ticker is already inconsistent; and is "BAB" and "BCHABC" in various places.

As far as what BITCOIN CASH is, the organization that defines what bitcoin cash "is" has already stated that the specification for November includes an 8% funding rule.

Any exchange listing something other than what is specified on BitcoinCash.org would be committing fraud and be subject to lawsuits by their clients.

Hope I cleared that up for you.

Taken from one of the collapsed comments by micropresident.

Post automatically merged: Sep 14, 2020

Sounds plausible:

Yeah I think he formed this shell company in Nov. 2019 (based on the public info available of when it was registered in HK). This was back when he first started cooking up IFP 1.0.

It's so super shady too. Remember how he sold IFP 1.0 as "general miner fund going to a Hong Kong corporation?". This was that corporation!

And in the public filings there is 1 single shareholder to this corporation -- Amaury Marie-Pierre Sechet!

It's so scammy and shady -- even this 1 little detail is the actions of a con-man and not of an honest person.

 

[pafkatabg]

I am also sure that Bitcoin ABC aka Bitcoin Amaury will keep the BCH ticker, because it would be risky for exchanges to take a different decision. What would be the name for Bitcoin Roger ?

 

[AdrianX]

BCN aka Bitcoin Cash New, and BAB

 

[torusJKL]

I am also sure that Bitcoin ABC aka Bitcoin Amaury will keep the BCH ticker, because it would be risky for exchanges to take a different decision. What would be the name for Bitcoin Roger ?

ABC has definitely an advantage by owning the bitcoincash.org page.
But the other camp has allot going for them too (wallets, organisations, exchanges).

Although I also lean towards ABC retaining the ticker I'm not dismissing the other scenario yet.

 

[kyuupichan]

Given the visions involved, I suggest the tickers BABAV and BABRV.

 

[torusJKL]

Reading /r/btc has become very interesting again the last few days.

Although they still have CDS (Craig Derangement Syndrom) they see now behind some of the deception.

 

[79b79aa8]

### VOTING is CLOSED for BUIPs 149, 150, 151, 152, 153, 154, 155 ###

Membership vote on BU Improvement Processes Seven BUIPs are open for voting for five days. Votes should be cast in the BU website voting system In the event of a problem votes can be made in this thread and will be counted. Votes are for/against/abstain/spoil/skip NOTE: THE RADIO BUTTON...

bitco.in

 

[cypherdoc]

Very good news to a longstanding crypto problem :

U.S. crypto, fintech firms to benefit from slimmed down regulatory process

Money transmitters like Western Union, PayPal, and cryptocurrency firms will be able to more easily expand across the United States, after 48 state regulators agreed to a single set of supervisory rules that should reduce their compliance costs.

www.reuters.com

 

[torusJKL]

BU has been incorporated in February 2019.

Online Services - Company Summary

services.gov.im

 

[torusJKL]

Interesting interview with insights how Amaury sees things around Bitcoin Cash.

e.g. Amaury sees many in BCH as people who just tagged along and came in later (not only those who split off to BSV but also some that are still in BCH today).

 

[AdrianX]

My favourite part of that video is @12:08. Amaury realizing the Fusk up he's created 30 seconds prior to the 12:08 min mark, he makes me LOL. One can see he has no way of reversing this fork and subconsciously he knows he's talking shit. "I have no idea where I was going with that" that's how he exists the impending fork discussion. .

That's a genuine berry your face in your hands moment, you can't fake that type of "WTF have I done moment".

before that video, I had no idea who was who, but after the video, BAB looks DOA.

The two forks (BCN - BAB) "Bickn" and "BAbin"

 

[cypherdoc]

another big development:

Kraken Exchange Receives Bank Charter

Kraken Financial can now start to seamlessly integrate banking and funding options to its customers as it has direct access to the federal payments infrastructure.

www.ibtimes.com

 

[torusJKL]

I realized that the announcement for the open position as BU Secretary was given too late and not according to the BU Articles.

Advance notice: Candidate Applications for BU Secretary, October 2020

Advance notice: Candidate Applications for BU Secretary, October 2020 Bitcoin Unlimited was founded in November 2015, and the first election for its officers took place in January 2016. The term of each elected officer is two years, although the founding officers have staggered terms in order...

bitco.in

 

[Zarathustra]

Thank you for your interest in BU @emergent_reasons. As you mention, BU has a long history in this space. Throughout all that time, we have been near the top of the list of orgs with transparency of operation.

I see your proposed BUIP as a framework for transparency and accountability and I do appreciate the thust of it. However, some terminology is difficult to parse. In five years I have never heard the word "actor" used to describe anything we have been involved with. We are a development organization, building a Bitcoin Cash compatible full node and associated functionality. Do you mean "developers" or other development teams? Is BCHN what you would call an "actor"?

Note that we already have a guiding document. The BU Articles of Federation [PDF] which can be found here: https://www.bitcoinunlimited.info/about/organization

Have you read this yet?

BUIPs have been raised in the past for changes to the BU articles although a higher threshold is required than for normal BUIPs. They do need to contain revised text.

Can you elaborate more on the motivation for your proposal?

 

[79b79aa8]

is it the beginning of harvest season? USDC wrapped BSV and BSV/USDC bi-directional swaps.

 

[cypherdoc]

Haha, it's already starting. @jtoomim, please continue to impose your technocratic idealisms onto what is doomed to become the new forked BCHN protocol. I'm sure the anonymous and mysterious @freetrader will be happy to accommodate you in the continued crippling of a manipulated shell of a coin. "let a thousand coins bloom!". Or "wash, rinse, repeat", whichever you prefer. This is all getting quite boringly predictable i must say:

 

[kyuupichan]

Haha, it's already starting. @jtoomim, please continue to impose your technocratic idealisms onto what is doomed to become the new forked BCHN protocol. I'm sure the anonymous and mysterious @freetrader will be happy to accommodate you in the continued crippling of a manipulated shell of a coin. "let a thousand coins bloom!". Or "wash, rinse, repeat", whichever you prefer. This is all getting quite boringly predictable i must say:

The temptation to tinker, play and muck around is irresistible in BABland it seems. If this persists continuing lack of adoption is all but guaranteed.