‘No longer sound money’: Developer Unwriter slams ABC’s ‘self-inflicted scars’

“What is wrong with Bitcoin ABC?” Let Unwriter break it down for you.

The prolific developer, who was behind a number of the useful infrastructure projects in the Bitcoin Cash ecosystem, recently shared his thoughts on the so-called BCH hash war and the ABC group—and they’re not pretty.

In a scathing post on Medium, Unwriter was keen to say he was not criticising individual developers, and was not personally attacking any groups or organizations, but instead reflecting on the outcome of the hash war, which has in his view resulted in significant code errors from the ABC team.

Bitcoin ABC was so afraid of an imaginary attack from SV that they made all kinds of mistakes, writing permanent code in rapid fire releases to the point where what they stand for is no longer recognizable,” he wrote. “And THIS — ABC’s self-inflicted scars that will forever exist immutably on the blockchain — has led to a blockchain I can no longer build on.”

Specifically, he highlighted the fear of an imagined attack from the Bitcoin SV camp as contributing to ABC’s hasty releases, which in his view have made the BCH ecosystem less effective for developers.

In the post, Unwriter goes on to explain that ABC has irreversibly created five conditions that are sub-optimal: that ABC is censorable, centralized, and unstable, and that it is anti Bitcoin maximalist, while signalling the death of ‘permissionless innovation.’

He noted, “There is something very wrong with Bitcoin Cash ABC and its ‘community’ today. There is too much misinformation out there, and people seem too willing to believe anything if it comes from some influencer guy who they see as ‘respected by the community,’ even when they have no idea why they are ‘respected by the community’ in the first place.”

Concluding, Unwriter said that Bitcoin SV is the real Bitcoin, and the one that best serves the needs of users and the developer community. He wrote, “Bitcoin SV is the Real Bitcoin. This is not an opinion. This is a fact. Bitcoin works. And I choose to build everything on top of Bitcoin. I feel 100% safe operating on SV because the protocol hasn’t changed at all, there has been no behind-the-doors centralized collusion…”

Read Unwriter’s Medium post, “The resolution of the Bitcoin Cash experiment,” here.

The post ‘No longer sound money’: Developer Unwriter slams ABC’s ‘self-inflicted scars’ appeared first on Coingeek.

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Real-time API for Bitcoin BCH released

Unwriter is at it again. The prolific cryptocurrency developer announced on Yours.org yesterday a new development that has incredible possibilities. He has created a new application programming interface (API) called Bitsocket, a “powerful bitcoin push notification infrastructure for building real-time event driven bitcoin applications.”

According to unwriter, “Bitsocket lets you subscribe to any pattern of [real-time Bitcoin] transactions through Bitquery to build [real-time Bitcoin] event driven apps.” He adds that the Bitquery data can then be used to create the push notification.

Bitsocket can transform incoming transactions into a structured format in real time. It then can apply a real-time in-memory filter combined with a transform function to convert the transaction object into an application-specific event for clients. Unwriter further explains, “This content-addressed pubsub model (unlike traditional location-addressed models like a regular websockets app) is important. It means you can seamlessly switch out one bitsocket node to another and your app will function exactly the same because every bitsocket node is identical and your client is subscribed to the server-independent immutable query instead of being married to a specific server endpoint.”

The transformed event is then pushed to the corresponding application using a Server Sent Event. Any apps – mobile, web, hardware or server-side – can be the target. These apps can then trigger another app, making Bitsocket one of the most powerful and versatile APIs in the community.

Unwriter provides several real-world examples where this API can be beneficial. Real-time apps can be created that are virtually the same as “IF-THEN” statements in basic computer programming. Third-party APIs, including GitHub, text messaging or even Twitter, can be triggered through simple configurations.

It is also possible to create a trigger that sends cryptocurrency based on a certain event. Bitcoin BCH transactions themselves can be used as Inter Process Communications (IPC). Bitsocket can allow a developer to configure an app to send an event to another app directly through a transaction. “This way it becomes possible to build a group of completely independent applications from multiple parties that autonomously talk to one another using Bitcoin as the central message bus and bitcoin transactions as inter process calls,” details unwriter.

Unwriter is behind several high-profile Bitcoin BCH projects, such as Chainfeed, Read.cash and the bitdb.network. With his latest development, the entire Bitcoin BCH ecosystem just became substantially more versatile and its power much more realized.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

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