The odds of a chain split in November are looking much higher than most of us would like. Amaury has declared that November will see the IFP brought into ABC, whether others are on board or not.
But as you may have noticed, the price of BCH is up a little today, in sync with plenty of other coins. The news of a possible impending chain split has had no noticeable impact on the BCH price.
What does that tell us? It tells us that most people buying and selling BCH pay no attention to the community and development landscape at all. Even if they did, the technical discussion would go completely over most people's heads.
What does this mean in the event of a chain split? It means that whichever chain retains the BCH ticker will retain the majority of the market cap. Uninformed speculators will sell whichever coin has the new ticker, and buy whichever coin has the old ticker, imagining that they are fleeing the risk of the new-and-shiny into the safe haven of the old-and-reliable.
This effect obviously occurred when BCH split from BTC. Is there any doubt at all that the big blockers would have won if only they had kept the BTC ticker, and the small-block chain had to pick a new one?
If we want BCH to live on, without the imposition of the IFP, then it is vital that the non-IFP chain retains the BCH ticker. So right now I am calling it. BCH does not have the 8% IFP sliced off the coin base and given to a privileged entity. That is an anti-feature of a different chain. I refuse to use the term "BCH" or "Bitcoin Cash" to refer to a chain that implements that anti-feature.
I'm open to suggestions of what to call that other (currently hypothetical) chain, but it is not BCH.
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