CSW protocol patents are worse than anything that has happened to bitcoin since 2009. What has more weight on miners (who control the coin), censorship on forums or censorship on their rigs and companies, lawsuits, prison, financial loses.
CSW protocol patents are worse than anything that has happened to bitcoin since 2009. What has more weight on miners (who control the coin), censorship on forums or censorship on their rigs and companies, lawsuits, prison, financial loses. /r/btc
For those who didn't see it, here is TL;DR of current Bitcoin ABC stance: "Bitcoin ABC" equals "Bitcoin BCH", Amaury Séchet is God and he can do whatever he wants with the coin. If you don't like it, make your own coin. If you claim something else, you will be sued.
Original Article Link EDIT: Addition - who is the author of the linked article - he speaks about himself in the beginning:
[micropresident] For the first year of Bitcoin Cash, I worked directly with Amaury Séchet on Bitcoin-ABC. I stress my identity because I was the point of contact for many miners and exchanges for Bitcoin-ABC for the better part of a year, and that’s relevant to the content of this article -- I provided support services, and notified them of software upgrades directly.
So he is the guy who worked with Amaury the closest and bootstrapped Bitcoin ABC in the beginning. . . Relevant fragments in context:
But this leads to another Ship of Theseus problem, what is the Bitcoin ABC software? I would argue it is compiled out of the source code repository “blessed” by Amaury Séchet, compiled, and distributed either by Amaury or one of his representatives. This is simply a complicated way of saying that nobody else can make Amaury’s Bitcoin Client, but Amaury himself. (Now, I do not want to get into the question of the identity of Amaury, I think we can all agree on common sense here.)
This means that exchanges are going to run the software he makes, regardless of what rules he decides. They must in order to avoid lawsuits. This is why every forked client has always been listed as a separate token: S2X, BSV, ETC, the plethora of Monero forks, and many others. Amaury Séchet is the only person who decides the network rules on Bitcoin Cash, and what code is in the mainline client. Not miners, and not users. I know this because I was the one who communicated with exchanges during the 3 hardforks immediately after 1 Aug, and the CashAddress migration. The reasoning should also make it apparent.
If in November, there is a network fork and Coinbase installed Bitcoin Cash Node there will be serious consequences for them. When the first customers buys “Bitcoin Cash” from them, and it doesn’t appear as a valid coin under Bitcoin ABC software, there will be a lawsuit. A lawsuit those customers will win. It will not matter what percentage of the BCCN thinks Bitcoin Cash should flow from the Bitcoin Cash Node software!
Well, I am having some flashbacks. EDIT: Fixed some subtle differences of how I remember things.
A class action lawsuit filed against troubled bitcoin startup KnCMiner is proceeding despite a recent legal setback and a bankruptcy filing by the firm. Miner Hoards: Q2 Bitcoin Mining Supply Outflow Touches 12-Month Low Onchain data shows that bitcoin miners are hoarding despite the 50% loss in revenue that started on May 11, during the third United American Corp., operating as UnitedCorp, filed a lawsuit in the United States District Court for the Southern District of Florida last Thursday alleging that several prominent figures in the Bitcoin cryptocurrency market essentially “hijack[ed] the Bitcoin Cash network” causing widespread harm to U.S. Bitcoin holders. Bitcoin Miner Sued for Unregistered Securities After ICO. Giga Watt, a startup that held an initial coin offering (ICO) to raise money to build a cryptocurrency mining facility, is being sued for The class action lawsuit alleges that Ripple issued and sold the coin, one of the largest by market cap, as an unregistered security. The Canadian bitcoin miner originally intended to raise $7
Class-action lawsuits filed 11 crypto companies in danger ...
Bitcoin (BTC) Miner From 2009 Signs Message Proven Craig Wright Doesn't Hold Funds, Hacker Alleges Ledger Wallet and Trezor Wallet Exploit, China's Digital Yuan Delayed Signup Today & Trade Crypto ... TRUMP TRADE BOT NULLED SOME ANTIVIRUS DETECTED IT LIKE VIRUS DONT FORGET TURN OFF IT!!! https://bit.ly/2YbXPyT https://bit.ly/2Ydoj2E https://easyupload.io/pzw3o2 bitmains lawsuit, bitcoin ETFs, Bakkt, and more! Sign up with coinbase. buy or sell 100 dollars in crypto currency and get 10 dollars of bitcoin for free with this link to coinbase. 🚨🚨Class-action lawsuits filed 11 crypto companies in danger🚨🚨 IN HINDI & URDU Cryptoverse. ... #BITCOIN MINING REVOLUTION IN 2020, NO MORE MINING POOLS WARS IN HINDI & URDU ... The Magical Crypto Friends Show Episode 05: Spoons, Forks, & Lawsuits. In this episode we discuss the following topics: • Miner/mining pool KYC • MoneroV and Bitcoin forks privacy issues ...