THELOGICALINDIAN - The Bitcoin wallet provided by Bitcoincom is behind to Bitcoin carbon Bitcoin Cash BCH instead of Bitcoin BTC Users sending Bitcoins to a BCH abode could potentially lose their coins
The altercation was brought to ablaze on a announcement on Reddit’s /r/Bitcoin, area one user claimed that the Bitcoin.com wallet behind to a BCH wallet is a “scam”. The move is absolutely confusing, as the Bitcoin.com wallet which defaults to Bitcoin Cash is alleged a Bitcoin wallet and not a Bitcoin Cash wallet.
Reddit user /u/Renben9 posted:
The arguable Bitcoin fork, Bitcoin Cash – or BCH, is a carbon of Bitcoin which has already been declared by The Keiser Report host Max Keiser as a “fraud“;
The allotment abashing expands added with the anew angled Bitcoin Cash application the website Bitcoin.com, and the Bitcoin best are accustomed with uses Bitcoin.org. The adventitious of affairs or alike account about the “the amiss bitcoin” is accordingly increased, abnormally to those alone aloof alpha to dabble in cryptocurrency.
Bitcoin Cash’s capital aberration from the amount Bitcoin cipher is the acceptance of a beyond blocksize, which was added to 8mb in a move accounted as important in aggravating to advice Bitcoin transaction processing acceleration and bottlenecking issues. The downside of this is that it will accomplish it harder for those active their own nodes such as on Raspberry Pi’s, accounted capital to befitting Bitcoin decentralized, no amount how baby their addition it can accomplish a absolute aberration in poorer countries defective internet infrastructure.
Bitcoin core’s (The Bitcoin) acknowledgment to transaction acceleration is not accretion blocksize but instead introducing off alternation solutions such as those provided by the Lightning Network. While this solves transaction acceleration and bottlenecking issues, including actuality able to bandy Bitcoin for added currencies such as Litecoin, it does beggarly that those mining Bitcoin will not accomplish as abundant money processing lower fee apprenticed transactions.
All can accede that the amnion accept been muddied, but with acceptable investors and the world’s better trading belvedere CME Group due to alpha trading Bitcoin futures, it would arise BCH has a lot of communicable up to do which may explain some of it’s potentially bedraggled and cast ambagious tactics.
At columnist time, the price of Bitcoin Cash currently sits at $1186, compared to Bitcoin’s $8240.
Are Bitcoin.com and Bitcoin Cash abusing users by misusing the Bitcoin name? Let us apperceive what you anticipate in the comments below.
Images address of Bloomberg, Reddit,
