Bitcoin Cash Should Fully Restore The Original Bitcoin Protocol – Calvin Ayre

Blockchain, News | July 25, 2018 By:

Calvin Ayre, founder of the Ayre Group and CoinGeek, said that changing the Bitcoin Cash protocol is the wrong way to gain mass adoption.

Last week, Amaury Séchet, the Bitcoin ABC client’s lead developer, published a paper about a protocol technique called “pre-consensus,” which enables network participants to agree on what the next block size will look like. If done well, Séchet said this will provide significantly stronger 0-conf guarantee that developers currently have, while also allowing to reach greater scale by moving work out of the critical path.

“Pre-consensus has the added bonus effect that it allows to delegate the responsibility of picking various values which are currently centrally planned to the market,” Séchet said. “Actors who use different policies will be able to reconcile their differences in a time scale that is compatible with 0-conf.”

The protocol technique, however, is not yet fully developed. Séchet said it still needs a lot of work to be completed. The draft currently has not made much progress, although its fundamental structure is well conceived.

While the Bitcoin Cash community has possitively received Séchet’s proposal, BCH supporter Calvin Ayre spoke out against the idea. Ayre said he is firm on preserving the “battle-tested” bitcoin protocol.

“CoinGeek believes in Bitcoin Cash and further believes it should fully restore the original Bitcoin protocol,” Ayre said. “It was unnecessary changes to BTC’s base protocol that forced the fork to Bitcoin Cash, the only true Bitcoin. Now that we have Bitcoin Cash, we should be focused on fully restoring it to the original Bitcoin protocol, rather than making additions or more changes that take BCH away from the original protocol.”

Ayre added that the pre-consensus protocol will compromise bitcoin’s pledge to deliver fast, low-cost, and reliable peer-to-peer value transfer.

“Everything that needs to be done can be layered on top and retain the decade of proven security,” Ayre said. “I can assure the BCH community that our miners will never support anything that changes the battle tested underlying original Bitcoin protocol with so many ways to do everything needed on top of this proven secure protocol. Many friends of mine in the Bitcoin BCH mining community are telling me they also support our position.”

In January of this year, Ayre claimed that he had dedicated significant amounts of his investment funds towards creating a Bitcoin Cash mining operation in order to help build the BCH hashrate.