Saturday, March 23, 2019

My response to Roger Ver's Bitcoin.com YouTube channel video titled "Why some people call Bitcoin Cash, Bcash"

Here's the video in question: https://youtu.be/79CpsJtIheY

I left the following response as a comment, and am archiving it here for historical purposes in the event they delete the comment, enjoy.



Jihan was mining on proprietary hardware not available to the public. He made a business decision to fork Bitcoin to keep his machines viable. He thought community would just magically follow along to his side of the chain. Bitcoin Cash is a social engineering attack on Bitcoin. Satoshi's vision was Bitcoin Cash, in the sense that Bitcoin is open source software, and anyone at anytime can fork it for whatever reason. Is it a good idea to do so? No, you silo yourselves from consensus (remember community voted with nodes, hashpower, and an economic majority). Bitcoin will survive Bitcoin Cash. If Bitcoin as a community made the decision to change proof-of-work algorithms, or block sizes, or any other property of Bitcoin, we'd have to come into consensus, and softfork an upgrade. Everyone updates their nodes, and enough time passes for participants to prepare for said change. What Jihan did was very hasty, and not well thought out, and very much against the will of community. Jihan, deserves his punishment, an inferior version of Bitcoin. THAT can only ever be the legacy of Bitcoin Cash. Bitcoin was designed very intentionally to be difficult to upgrade. Community stayed within consensus rules. Bitcoin Cash forked off, and did their own thing. Any kind of fallout afterwards is the free-market at play. By the way, by the same stream of logic, Bitcoin Cash Satoshi's Vision, is ironically Satoshi's Vision. The rules are in code, and consensus, if you deviate that's on you, and anyone that wants to join you. There can only ever be ONE true Bitcoin. Lightning is innovative, it brings real-time payments to Bitcoin, AND is OPTIONAL. Main chain still works. There will be more innovations. If the Bitcoin Cash'ers truly believe on their side of the chain, innovate. Show the world what BIG blocks can do. Hopefully you'll need them someday.


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