Wallet maker Trezor came under fire after announcing that Bitcoin Cash (BCH) holders hoping to have an airdrop with a hard fork expected on November 15 will have to move their coins elsewhere.

In the November 5 announcement, Trezor’s parent company SatoshiLabs said it will wait for the community to decide which Bitcoin Cash app will dominate the network in the future:

SatoshiLabs will not participate in the crossroads until the community makes a decision. If you want to join a fork, you must transfer your BCH balance to another wallet that supports split currency to ensure you are getting coins from the hard fork. ”
After the fork occurs, SatoshiLabs will “track whether the fork chain has enough support to ensure it is supported” and back any implementation that would secure a majority in the community.

SatoshiLabs will also consider whether the minority network has “sufficient support to ensure its support”.

Bitcoin Cash will be split into two with the next update scheduled for November 15th. Internal tensions escalated in August when Amory Sechet, the lead developer of Bitcoin ABC – the historically dominant application of Bitcoin Cash – released an update that would introduce a new cash base – shifting 8% of the block rewards into a development fund he controls.

The conflict led to the emergence of a competitive Bitcoin Cash Node (BCHN) contract implementation, which has since garnered the support of more than 75% of Bitcoin Cash miners.

The Bitcoin ABC app is controversial, as it includes an 8% “tax” on all block rewards that go to the wallet that Sechet controls.

Trezor’s decision not to support split currency under the fork means that users who store Bitcoin Cash in their hard wallet must move it to another exchange or wallet to receive BCHN coins at the fork.

The move confused many Tresor users, and Twitter user John Moriarty said it was “extremely frustrated”:

“The vast majority of the IFP ecosystems that ABC provided have rejected … You have to explain why people’s currencies suddenly depreciate by more than 90%, and then start the exchange chains.”
Moriarty’s thread was hailed on the Reddit / r / BTC subreddit, with u / AD1AD describing it as “somewhat unpleasant unprofessional behavior” and describing the company’s statement as misleading. The rest of the users were also dissatisfied with this step:

During the past seven days, only 1% of all BCH blocks reported support for Bitcoin ABC, which means that the hash power that supported ABC’s proposal was very small. Bitcoin Cash Node (BCHN) has received mining support since its inception, and 75.3% of recovered blocks currently refer to support.

The fork date of November 15 also marks the second anniversary of Bitcoin Cash’s split from Bitcoin SV (BSV) during the last hard fork of Bitcoin Cash – an example of both fork survival after taking irreconcilable paths. … BCH hit a new low against BTC last month, and the next fork will not improve morale among an already fragmented community.

Source: CoinTelegraph

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