Against IFPIf you run a BCH business, piece of infrastructure or project please add:
- from [INSERT PROJECT NAME]I will add all names to a list below.
Today I invited the four major development teams of BCH and the development team of BCH fundraising tool Flipstarter.submitted by paulcheung1990 to Bitcoincash [link] [comments]
Question 1: This year is a year of DEFI explosion. What is the current situation of BCH's DEFI?
Flipstarter: The development of BCH can use the tool Flipstarter to obtain development funds. BCH will also have more and more smart contracts to provide more functions for the BCH public chain. We provide the AnyHedge protocol, which allows users to generate trustless, non-custodial financial derivatives on BCH.
BCHD: There is a big difference between Defi on Ethereum and Defi on BDH. On Ethereum, you actually send the token to the escrow agreement, and you will lose control of the token. On BCH, there is no need to trust or entrust any third party or third party agreement. Ethereum is a hosted Defi solution, and what Flipstarter will do is a non-custodial solution.
Flipstarter: The BCH script system has been extended to make complex smart contracts possible, and it works differently from Ethereum contracts. We believe that in the long run, UTXO-based contracts will have more advantages.
Follow-up: Why do you think UTXO-based contracts will have more advantages?
Flipstarter: Compared with Ethereum's huge, centralized smart contracts, BCH is a combination of a small number of people and many contracts, which are hashed and stored on the chain. Privacy is guaranteed to a large extent. After opening, you don't know that it is a contract. Because of privacy, security is guaranteed, and it is easier to upgrade.
Question 2: It is said that the BCH development team is too scattered, which will affect the development progress and efficiency. What do the teams think about this issue?
Verde: Having multiple development teams can improve the stability of the agreement. Due to a single code base, Bitcoin's multiple errors have become part of the protocol, and the diversity of development can ensure that these differences are captured and they are not inadvertently entered into the protocol.
In addition, the use of nodes in different languages can broaden the range of development talents. Not everyone likes C language or JAVA or GO. Therefore, the use of multiple computer assembly languages can increase the available talent pool.
Question 3: For Flipstarter, who pays the developers in the end?
Little P: Many communities have contributed different models before, and each method has successfully raised a lot of money. BCH has many invisible supporters, ROGER is a Giant whale, but there are other well-known BCH investors, such as MIKE KOMARANKSY and MARC DE MESEL.
Many developers are very supportive of BCH, so their salary requirements are also very reasonable. Development teams with reasonable requirements, including Giant whale of BCH, are willing to continue to support and make additional investments when there is progress.
The source of Flipstarter is a financing platform made by the EatBCH project, allowing the community to donate BCH to people in poor areas of the world.
BCHD: BCHD works with other teams to develop advanced features and hopes to stimulate people's interest in new technologies such as Neutrino wallet and UTXO contracts. Our goal is to improve BCH as a whole to meet the needs of the ecosystem.
BCHD is fortunate to have more contributors than other flipstarters. Not only a few people provided funding, but the entire BCH community united to support our efforts. We are very grateful for this!
BCHN: After Flipstarter's fundraising this time, we realized that there are indeed many senior talents, as long as you can tell them what you want to do. Those claims about the difficulty of fundraising on Flipstarter are untrue. But it does require thoughtfulness, planning, good communication, and good ideas.
Flipstarter: We have completed 164 pledge activities, valued at 2039BCH (approximately US$510,000). 100% of Flipstarter's donations are voluntary. We created Flipstarter, a technical tool, and encouraged others to also create a platform and use it to build a business.
You can learn more here: https://read.cash/@flipstarte-7e53d0e7
Knuth: At Knuth, we adapted the Flipstarter page to fund our future development. You can see the preliminary version of our new campaign: http://campaigns.kth.cash/
Question 4: How does BCH view POW and POS? Will you stick to POW?
BCHN: In the foreseeable future, the BCH team will stick to POW.
BCHD: The profit model of POW and POS is very different. BCHD believes that the profit model of POW cannot be replaced by other models, and POW has more advantages than other systems.
Verde: You can watch our developer conference on YouTube. I have not heard of any plans to switch to POS. I think PoW is a principle we will adhere to, even if it is a minority on the public chain.
Knuth: I have no answer. But all stakeholders need to agree on any change of this magnitude to make it happen.
Flipstarter: https://read.cash/@flipstarteflipstarter-286c252e Here we discuss the working principle of Flipstarter and why it is safe.
Question 5: Does BCH have plans to cooperate with other Internet giants now?
BCHN: Bitcoin.com is cooperating with BRAVE browser. In this regard, ROGER is very capable, their wallets are cooperating with Huawei's new mobile phones.
Verde: Ohio, Dublin and other local governments are using BCH for their digital identity and token systems. We also discussed with a large retailer how to use BCH SLP to get rewards.
Little P: This is far away from developers at the protocol level, but there is more cooperation at the application level. Similar to VERDE, they use the BCH protocol to develop an ID card system with the local government and register on the chain.
Question 6: BTC has lightning network and side chain technology. BSV has gone further on the road of capacity expansion. How can BCH build its own advantages and competitiveness in the future?
BCHN: Many people think that all the problems of Lightning Network and Big Block technologies can be easily solved. Actually not, the Lightning Network is actually difficult to use, let alone side chains. BSV increases the block size, but the chain is unstable, and users cannot increase much. After all, adding some dispensable photos or videos does not have that big impact on the value. BCH should expand steadily while developing business needs.
Little P: BSV has not resolved the 25tx limit, BCH has reached 50, and there will be more in the later period, but the CORE source code leaves us with too many problems and we have to solve them one by one.
BCHD: BCH expansion is to increase capacity without sacrificing decentralization. The goal is above the demand, this is the premise. I think that while BCH can expand on the chain, layer2 is also considered. But the key is not to sacrifice on-chain expansion, and not to force users to trade on LAYER2, causing the main chain to become invalid.
Flipstarter: There are many people who believe in BCH. They have been working on BCH since the establishment of BTC. Other cryptocurrencies can do other things, but BCH clearly wants to be the best P2P cash.
Question 7: Does the Bitmain internal fight have any impact on BCH?
Little P: I don't think so, I am also a miner. In terms of computing power, many miners actually support BCH. And Bitmain has maintained a neutral attitude for many years, because they will eventually need to go public and be profit-oriented.
BCHN: On BCH, investors and developers are diverse. Activities like today can be organized more in the future. Let everyone understand that Bitmain is not the only one in the BCH ecosystem. Of course Bitmain has contributed to BCH, and we are also grateful for it.
Question 8: Are there any well-known applications developed based on BCH?
Flipstarter: This is a DeFi product developed by our General Protocols
BCHD: BCH can now achieve the scale of PAYPAL. Our goal is to focus on market demand to ensure decentralization, which includes new research and development: GRAPHENE, BOBTAIL, etc.
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