Here comes the announcement of a successful campaign for the financing of the Bitcoin Cash client implemented by Amaury Séchet, who declares:
“With the financial crisis looming, the importance of digital cash will become more critical than ever before. Bitcoin Cash has the best chances to make this a reality, and the window of opportunity is now. However, Bitcoin Cash’s infrastructure has been underfunded, which has led to brain drain and long standing issues left unaddressed. If the situation doesn’t change, then Bitcoin Cash might see a once-in-a-decade opportunity pass by without seizing it”.
To date, $1.44 million out of the $3.3 million requested (14,500 BCH) have already been raised and the campaign will last until the end of April.
Amaury Séchet has always been fascinated by the principles of independence from the state. His consistency has led him to want a protocol like that of Bitcoin Cash, which places monetary independence from the state and from the banks as the first fundamental function.
Alongside Roger Ver, the ambition of the project led by Séchet has clearly defined connotations.
“If you always do the opposite of what the state tells you, then they control you just as much as these you call sheep.
Freedom is found in independence from the state, not submission or opposition”.
Brain drain from Bitcoin Cash
A brain drain caused by funding difficulties of developers is a risk that all open source projects incur.
In the blockchain world, it is well known that the dedication and ideal towards such a disruptive technology have motivated a generation of developers who have also become early adopters of cryptocurrencies.
The big price increase in the early years has made many of them financially free.
The commitment to the first generation’s project is therefore also dictated by a code that is speculatively able to finance those who believed in it.
BCH’s great ambitions and a second-generation lagging behind in terms of timing lead to an urgent need for financial sustainability.
Bitcoin Cash, in seeking its own identity, mainly follows the road map dictated by the Bitcoin ABC client, Bitcoin Cash’s native code that allowed BHC to fork BTC in 2017.
If ABC’s lead developer is Amaury Séchet, for some time now a new figure has been emerging among ABC’s line-up with the role of head of business development, George Donnelly.
#BitcoinCash must scale.
We must realize the vision of censorship-resistant P2P electronic cash for the world.
We need your support. We can only do this together.
Download the Bitcoin ABC 2020 business plan at https://t.co/PoWpHAVth7
— George Donnelly (@georgedonnelly) April 1, 2020
The project to provide funding through a fee for miners on the mining proceeds of Bitcoin Cash has apparently failed. The new development model just presented in a more traditional form could be a good start for the Bitcoin Cash project.