Topic: 'BITCOIN CASH' VOTING POLL (Read 265 times)

ON AUGUST 1'S HARD FORK, REGARDLESS OF NON-CONSENSUS WITH THE ENTIRE BITCOIN MINING AND CONSUMER COMMUNITY, BITCOIN ABC RELEASED A NEW ALTCOIN EXPLOITING THE BITCOIN CODEBASE - "BITCOIN CASH".

Writer's stand (Purely editorial):

A new blockchain through the creation and release of either a "full" or "alternative" node in the original Bitcoin Codebase offering a new variation of Bitcoin should neither exist nor coexist with Bitcoin. From the time that the first Bitcoin was created by Satoshi Nakamoto using the Bitcoin Codebase, every Bitcoiners should understand and uphold that the Bitcoin Codebase was created to support ONLY ONE BITCOIN.

In case of a hard fork, regardless of the differences in the Bitcoin improvement proposals of the two opposing party, it is non-negotiable that they should still agree upon the existence of ONLY ONE BITCOIN; that BITCOIN is non-variable and that the Bitcoin Codebase is created for such.

The Bitcoin's future path has been theoretically forecasted by its founder, Satoshi Nakamoto — such includes that the total number of Bitcoins that can be mined from the Bitcoin Codebase are and should not exceed 21 million. The creation of a new Bitcoin variation from the Bitcoin Codebase with its own currency abbreviation and exchange value to physical currencies (especially without majority acceptance from the Bitcoin community and by breaking away from accepted Bitcoin consensus) is a rogue divergence from the original Bitcoin ideology and a sabotage to its forecasted future path.

Regarding the Bitcoin Codebase as open-source, I believe that Satoshi Nakamoto designed it so that Bitcoin can be further developed and improved in order for it to survive but I am sure that Satoshi Nakamoto did not created it in order for others to create different kinds of Bitcoin variants on his Codebase intended only for one Bitcoin.

After the August 1 hard fork, according to reports, Bitcoin ABC created an "alternative node" from the original Bitcoin Core for their so-called "new" cryptocurrency Bitcoin Cash regardless of insufficient support from Bitcoin miners and the Bitcoin community. From how I understand it, if Bitcoin ABC is "exploiting" the same Bitcoin Codebase as the original Bitcoin cryptocurrency and "rebranding" the confirmed transaction rewards as their new cryptocurrency "Bitcoin Cash" instead of "Bitcoin", it will be a direct violation of numerous Bitcoin protocols prior agreed and will disrupt the theoretically forecasted path of Bitcoin. For example:

1. How is it still possible to achieve one of Satoshi Nakamoto's rule that the total number of Bitcoins that can be mined from the Bitcoin Codebase are and should not exceed 21 million if some of the Bitcoins being mined are now being rebranded as Bitcoin Cash? Satoshi Nakamoto did not really  want that "There should be 14 million Bitcoins and 7 million Bitcoin variations to be mined in the Bitcoin Codebase — a total of 21 million." Right?

2. Bitcoin ABC released their "alternative" nodes even without the consensus of the 95% of the Bitcoin miner and the Bitcoin major community. They mined block 478,558 of the original Bitcoin Core — that's already one block for Bitcoin "wasted" for the benefit of another cryptocurrency. It could trigger a rebellious motivation for further extremist divergence in the future — are we going to expect more variations of Bitcoin in the future that will further disarray the original Bitcoin's ideology and purpose?

In conclusion, I believe that the Bitcoin Codebase should only be used by ONLY ONE BITCOIN and any variations or attempts to create such should be rejected by the Bitcoin community. There are many other ways to solve the Bitcoin scaling problem BUT the creation of a new cryptocurrency in the Bitcoin Codebase is NOT a solution and a REVOLTING DISRESPECT to Satoshi Nakamoto's ideology of Bitcoin and how he sees the Bitcoin's future.

Disclaimer: As stated above, this is purely editorial. For the benefit of fairness, please feel free to comment your opinion.