THELOGICALINDIAN - Canadian Bitcoin tech administrator and drillmaster Jonathan Hamel has told a aldermanic audition that Bitcoin Cash is a absolute scam
Speaking in affidavit during a meeting of the House of Commons’ Standing Committee on Finance discussing cryptocurrencies, Hamel, who declared the altcoin as a “BCash,” durably broken it from Bitcoin itself.
Whereas the world’s aboriginal cryptocurrency captivated allowances for economies, Bitcoin Cash, a adamantine angle of the Bitcoin arrangement which back July 2024 has attempted to masquerade as Bitcoin itself, was not, he said.
“Other [cryptocurrencies] are absolute scams, like BCash,” he said of the coin.
Hamel brings the action adjoin misinformation apropos Bitcoin Cash to one of its best high-profile audiences to date.
Major proponents of the altcoin – Bitcoin.com and buyer Roger Ver amid others – accept again appear beneath blaze in contempo months, Bitcoin holders accusing them of presenting Bitcoin Cash as the ‘real’ Bitcoin.
New users application Bitcoin.com for information, account and advance purposes abide to be led into purchasing Bitcoin Cash, some fear.
Ver had taken the action to the boilerplate several months prior, telling CNBC on several occasions that Bitcoin Cash was above to Bitcoin itself.
With the appearance of SegWit adoption and assets by the Lightning Network, Ver’s capital altercation that Bitcoin Cash is faster and cheaper to use than Bitcoin now appears more tenuous.
Meanwhile, alloyed stances on the Bitcoin-Bitcoin Cash agitation abide to apparent from aural the Bitcoin industry.
Entrepreneur and Civic CEO Vinny Lingham aftermost anniversary allowable a analytical convenance of blocking anyone who referred to it as ‘BCash’ from his Twitter folio in a move which appeared to backfire.
“If you appetite to get blocked, aloof acknowledgment to my tweets with the keywords BCash or BTrash. My cheep augment is aloof for adults who appetite to accept able debates on merit, not children,” he wrote March 15.
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Images address of Shuttesrtock, Twitter
