CoinGeek, in cooperation with nChain, announced a contest to add token capabilities to Bitcoin Cash with a prize of 5 million pound.

We received a copy of a 45 pages long document stating the functional and legal requirements for the contest.

Not only, but primarily due to the following highlighted passages, we decided not to participate:

The control over a solution is essentially given to nChain. Developers and participants are restricted in their ability to make public statements about the solution or the related license agreements.

In our opinion, this is especially troublesome after nChain’s Chief Scientist repeatably tried to avert public criticism.