Bitcoin Unlimited Chief Scientist Peter Rizun: Wait On Bitcoin ABC’s BCH Fork


Bitcoin ABC is reportedly looking to hard fork BCH in order to enforce a lexicographic ordering for improved scaling. Nevertheless, Bitcoin Unlimited’s Chief Scientist Peter Rizun has openly declared “let’s wait” on the measure, affirming it may do more damage than good for now.

On August 12th, Peter tweeted out on August 12th that Bitcoin ABC’s coming November 2018 hard fork of Bitcoin Cash should be put off.

As evident from the Tweet, Peter Rizun’s new call for a postponement, he cited a paper entitled “An opinionated critique of the ‘Canonical Transaction Ordering for Bitcoin’ white paper, written by Joannes Vermorel et al.”

The author of the paper argues that starry-eyed inadvertent construction of red herrings has to lead to false conclusions and false support regarding the removal of the transaction order. In the author’s own words,

“I think [my argument] demonstrates why we should all really ask ourselves whether we want to go forward with this in November or postpone this to have a second look. Particularly the in-the-field observation by Tom Zander that at least one current implementation suffers from a reduction in validation speed concerns me greatly and tells me that it is rather a good idea to wait a bit more with a further analysis and proper addressing of the above criticisms. Which are not only made by me or Tom Zander btw., I am sure I have seen some of them being made elsewhere, in comments deep on Reddit and similar. So any reader who wants to be properly cited as having prior art here, please drop me a link.”

BCH In The Media Because Of Bitmain’s IPO

Earlier BitcoinExchangeGuide had bought you a story showing Bitmain to have gone broke because of BCH mining. Samson Mow, CSO of Blockstream and vocal critic of Bitmain Tweeted:

He added, “The Bitmain IPO is incredibly risky for any investor to buy into. The potential for massive losses is just around the corner as they have no idea how to maintain BCH, but are all-in. Play stupid games, win stupid prizes.”

The figures involved are already in dispute, but what is clear is that if the IPO is real, Bitmain is continuing its bid to go all-in on cryptocurrency.

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