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Bitcoin Cash Owners Are On Date To Get Free Digital Coins This November

Posted on November 7, 2022 by admin

Bitcoin Cash Owners Are On Date To Get Free Digital Coins This November

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Answer Bitcoin Cash Owners Are On Date To Get Free Digital Coins This November

Fragmentation wars and division in Blockchain projects were and still are one of the ways in which those who do not agree on a specific vision or technology in the Blockchain network resort, which makes each team go with its vision and thought to apply it to the project’s Blockchain.

Bitcoin Cash seems to have not ended its disputes and controversies even after the previous split that resulted in the creation of a new currency, BSV.

As for the next new split, which announce it One of the main developers of Bitcoin Cash, Mr. Amuri Seshi, has demanded that 8% of the Bitcoin Cash mining rewards be allocated to him and the developer team in general.

Read:Report: 11% of all Bitcoin is controlled by a few large addresses (whales)

Claiming rewards is the focus of the next division:

Seshi stresses that developers cannot live on breadcrumbs alone, and that a clear financing plan or mining tax should be allocated to fund and further develop the Bitcoin Cash project.

But these demands made by Seichi were probably not accepted by the majority of the Bitcoin Cash community.

Those who saw Seshi’s move as close to seizing power.

Like Bitcoin, Bitcoin Cash has many different applications vying to be the most popular.

Bitcoin Cash supporter Roger Ver, and CEO of Bitcoin.com, has expressed his outspoken opposition to Seichi’s demands and plans.

On August 31, Veer posted a tweet comparing Seichi’s actions to those of a Soviet-style central planner, writing:

Transferring part of the bitcoin cash block reward to pay one development team is a Soviet-style central scheme dream come true.

A case to defend:

What Seichi announced and demanded is nothing new or strange in the crypto market because many crypto projects are already working with a mechanism to provide direct rewards to developers such as the Dash project, as well as the Zcash project in which a percentage of Zcash rewards for mining go directly to the founders of the project.

Read:Kazakhstan presents the first bill on cryptocurrency mining activity

Seshi argues that developers must be paid for the work they do, or else Bitcoin Cash risks failing to achieve its goals.

He told those who opposed his demands that they only wanted something for nothing.

The other side makes the same claims towards Seichi and argues that he must either collect donations or create a product for which the free market rewards him.

Read:Billionaire “Mark Cuban” stated: There is a similarity between the current crypto market and the dotcom bubble

They added that holding BCH should be a sufficient incentive and reward in itself, arguing that if the developer does well, so will the coin.

November is the split date.

Previously, an estimated 70% of Bitcoin Cash hash power indicated ignoring the Bitcoin SV upgrade, while Seichi still intends to defend the fork.

Therefore, when the next fork occurs on November 15, anyone who holds Bitcoin Cash will receive an equal amount of new digital currencies for free when the hard fork occurs.

However, no one can guarantee the value of the digital currencies generated for free.

Read also:

Rapid Loans in Aave Decentralized Finance Platform Exceed $300 Million

The price of the digital currency SUSHI recovered by 1200% and a new record achieved by the project


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