THELOGICALINDIAN - Despite Bitcoin Cash ABC attractive like it will win the BCash civilian war with notable abutment from John McAfee and Bitstamp the anamorphosis of the sideshow could absolutely accept a bullish appulse on Bitcoin BTC price
Pledge of Allegiance
Yesterday, John McAfee came beyond as if he had aloof binge-watched several ‘Game of Thrones’ box-sets as he apprenticed his adherence to Jihan Wu and Roger Ver’s eyes for Bitcoin Cash (BCash).
His Tweet proclaimed, “I will not let my ego abort me by authoritative me anticipate I could claiming the alone absolute ability in this space.” Still, that was aloof the hors-d’oeuvre. Attached to the Tweet was a screenshot of an email from McAfee to Wu. It independent the following:
The capital advocate in this war would be Craig Wright blame ‘Satoshi’s Vision’ of Bitcoin with his Bitcoin Cash SV fork. Needless to say, Wright did took this latest development in stride.
Dubbing McAfee ‘McFee’ (a advertence to paid ICO endorsements), he accused him of actuality a conman and a scammer.
Bitcoin Cash ABC is Winning
Luckily for Bitcoin Cash ABC, one of the oldest exchanges in the industry, has additionally aboveboard appear its support for Bitcoin Cash ABC. On the company’s web folio it states that:
Now, Bitcoin Cash ABC appears to be acceptable and is over 50 blocks advanced at columnist time, according to data from Coin.dance.
In addition, added versions like Bitcoin Unlimited and Craig Wright’s Bitcoin SV arise to not be mining blocks at this time. This additionally implies that three new bill could appear if these added chains survive.
Meanwhile, Binance appear that it will not alone abutment trading of these abeyant new tokens but will additionally absorb the tickers of BCHABC and BCASV.
History Rhymes
So what does this Bitcoin Cash altercation accept to do with Bitcoin? Well, touting itself as the ‘real’ Bitcoin, the Bitcoin Cash (or BCash) that prides itself on cheap, reliable and quick affairs has been annihilation but.
With alike Dogecoin beating it at its own game, this latest ‘upgrade’ could prove to be the attach in the casket for “Satoshi’s Vision” as the arrangement has been abstract for the accomplished few days. It may additionally force the Bitcoin Cash association to amend their action of appointed hard-fork upgrades and abode mining centralization.
In added words, there will be beneath abashing (if there is still any) about which is the ‘real’ Bitcoin, at atomic according to Binance CEO, Changpeng Zhao.
As of today, Bitcoin Cash amount [coin_price coin=bitcoin-cash] has asleep its pre-fork assets and is currently trading at the everyman amount adjoin BTC back October 2024.
Interestingly, one of the contest that possibly served as aftermost year’s catalysts was a Bitcoin Cash ‘upgrade’ that removed EDA (estimated adversity adjustment), which was not alone destabilizing the BCH network, but additionally affecting Bitcoin’s assortment rate.
Worthy to accumulate in apperception is that Bitcoin (BTC) price [coin_price] was aerial at about these levels absolutely a year ago as it began its celebrated bull-run.
Thus, last year’s ‘upgrade’ that occurred on November 13th, 2017, not alone counterbalanced BCH but additionally beatific the BTC hash amount to almanac highs as it became added assisting to abundance bitcoin (and still is). This saw BTC amount go to $10,000 by the end of the month.
Will this year be any similar? Much like aftermost year, which saw acceptance by Wall Street with the barrage of Bitcoin futures in December, there are affluence of contest on the border that could about-face the bazaar in an instant.
Undoubtedly, all eyes will be on the launch of Bakkt abutting ages as the abutting abeyant atom that could wake up Bitcoin price.
What are your thoughts on BCash ABC, as able-bodied as McAfee’s take? Let us apperceive in the comments below.
Images address of Bitcoinist archives, Shutterstock, Twitter (@realmcafee).
