I am starting this thread to squelch a burgeoning moan from some and to bring transparency for others.
There have been a few community members desiring that we move this entire project to another chain. This would involve a snapshot at a set block and everything, lock stock and barrel, gets implemented on a new chain, they have mainly suggested Litecoin as the destination. Litecoin has proven itself to stay lock step with Bitcoin Core and I imagine that this will continue down the road.
Bitcoin fees are high, and I believe they will remain high, this has dramatically changed the way Counterparty had been used up until now. Counterparty needs on chain scaling to work as it was initially intended. If we have learned anything of recent Bitcoin events, a Founder’s vision and where the project ventures can be contradicting, this does not mean it is a failure.
We do need lower fees in order for the DEx (Decentralized Exchange) to work well for something like the Rare Pepe craze. Only the dankest pepes can now be traded at this time, or perhaps only bulk deals of cheaper rares. But should this powerful protocol follow the needs of cheap, albeit fun and addicting, assets?
When this project started in 2014, Bitcoin was quite a different animal, Core has scaled honey badger well, unfortunately the price to ride along has risen to a point where only the most expensive assets are worth trading on-chain (DEx).
Most of us were drawn to Counterparty because it is Bitcoin! This feeds our maximalist appetite by expanding its use case, and a fork to Litecoin would end that attraction for many.
Personally I am against spending any Counterparty funds to fuel the mission to fork. Regardless of what we want, no one can stop someone from forking onto BCash or Litecoin, but to spend previously donated funds to fork when there is no consensus is not the right thing to do.
I ask the foundation members to vote on this thread in hopes of clearing the air of this topic.
Do you want to fork Counterparty, at a set block, and move the project onto Litecoin?
My vote is “No”.
I would add that I think a Litecoin based Counterparty project could flourish, but it should be a separate project with its own burn and asset registry.