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"Encouraging to watch": Vitalik on the Bitcoin Cash (BCH) war

18 Nov, 2018
by David Robb
News
Encouraging to watch: Vitalik on the Bitcoin Cash (BCH) war

Ethereum co-founder Vitalik Buterin has shared some of his thoughts on the recent Bitcoin Cash (BCH) split. In a tweet, he appeared to approve of the victory of BCH ABC over Craig Wright's SV fork, describing the way it played out as "encouraging to watch".

Read more: Craig Wright's BCH fork is shaping up to be a losing battle over crypto ideologyBCHABC wins by a neck, BCH will be split permanently moving forward

Vitalik was replying to another tweet by blockchain expert Emin Gun Sirer. Sirer was addressing a point raised about the way Bitcoin Cash schedules hardforks every 6 months, and how this may be having a negative impact on the crypto.

According to Sirer, despite the price instability and community splits they bring about, the hardforks are an effective strategy. In this case, the force of Craig S. Wright as a personality was enough to create a major political issue out of what should have been a technical update, but it proved to be a necessary development in order to further limit his influence.

Vitalik backed up Sirer's argument, decrying the "miner-supremacist ideology" that he believes was negatively affecting the community, and predicting more peaceful times ahead. It's unclear whether he believes that this ideology is the logical outcome of proof-of-work (PoW) mining-based systems or just something that happened with BCH, but there are plans to pivot Ethereum towards a proof-of-stake (PoS) system in the future.

Read more: Ethereum's new 1000x Serenity upgrade coming soon, says Vitalik

Some observers agreed with Vitalik's perspective, but others suggested that the peace he predicted is unlikely to happen when there's still so much financial value at stake. Others also reiterated the criticisms of regular hardforks.

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