BCH is headed for another messy divorce in November 2020 as the network seeks to officially remove its latest group of heretics.
The bitter acrimony over the mining tax plan continues, threatening to split the community at a time when BCH is facing multiple challenges.
Company challenges Defendants to explain their actions under oath and will pursue discovery by way of deposition or under subpoena of the Defendants in the United States including Roger Ver, Amaury Sechet and Jihan Wu.
In light of the mess made of the November 15 Bitcoin Cash upgrade and the billions of dollars knocked out of the overall cryptomarket as a result of Bitcoin ABC's reckless behaviour, we're asking cryptocurrency exchanges to delist Bitcoin ABC until they implement replay protections on their chain.
The cryptocurrency world was rocked Thursday by the announcement of a huge lawsuit that was launched by United American Corp. (UAC) against a large number of Bitcoin Cash BCH supporters.
Bitmain, its co-founder Jihan Wu, along with his “team of conspirators” including Bitcoin.com CEO Roger Ver, ABC lead developer Amaury Sechet, Kraken and its CEO, Jesse Powell, will have a lot to answer for. On Thursday, a lawsuit was filed before the U.S. District Court for the Southern District of Florida accusing the group of fraud and market manipulation.
The current coin down turn is actually good for the industry as its exposing the ridiculousness of all the other coins business models – including Bitcoin Core (BTC) has been seriously overvalued given its inability to be used as electronic cash.
ABC is expected to release its ‘pre-consensus’ Avalanche feature for the ABC chain in the near future, even as opinion remains contentious.
From where CoinGeek sits right now, us permanently splitting the chains by ABC enacting replay protection will give both sides a WIN. Bitcoin will live on with Bitcoin SV and will finally have a chance to show off the true power of the original economic model.
Since the Nov 15th Bitcoin BCH hard fork, the Bitcoin ABC developers seems doing what Bitcoin SV supporters had feared – throwing everything they can at the network.
The new Bitcoin ABC code release is criticized as deviating from Nakamoto consensus and the proof-of-work model.