Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees
by
Majormax
on 17/11/2020, 10:59:26 UTC
All Bitcoin forks are counterfeit derivatives of original bitcoin (BTC).

Including, Bitcoin Cash, BCH, BCHN, BCHA, ABC, BSV etc.

A second version would be a massive development and maintenance hassle for me.  It's hard enough maintaining backward compatibility while upgrading the network without a second version locking things in.  If the second version screwed up, the user experience would reflect badly on both, although it would at least reinforce to users the importance of staying with the official version.  If someone was getting ready to fork a second version, I would have to air a lot of disclaimers about the risks of using a minority version.  This is a design where the majority version wins if there's any disagreement, and that can be pretty ugly for the minority version and I'd rather not go into it, and I don't have to as long as there's only one version.

I know, most developers don't like their software forked, but I have real technical reasons in this case.


...snip...

Bitcoin is BTC at https://bitcoin.org

I can see why you felt the importance of pointing this out.

Now that these forks/counterfeits/competing versions are out there, isn't the 'ugly' scenario Satoshi referred to,  virtually inevitable in the long-run ?

The problem (probably unforseen) has always been that a fork effectively creates a large number of holders with a significant stake in supporting both chains, in the same way that airdrops kick start projects. I'm not sure how that can be democratically mitigated.