We don’t much like Bitcoin Cash, so are pleased to see the community is eating itself from within.
Bitcoin Cash – which we will henceforth call BCash due to Roger Ver’s intense dislike of the term – has been scammy and unpleasant from the start. If you want to fork Bitcoin, fine, go for it; plenty of others have. But the land-grab on the Bitcoin brand and the suggestion that BCash is the ‘real’ bitcoin, and the confusion that has resulted from that among newcomers, were unnecessary and dishonest. Born out of such bad faith, the chickens are now coming home to roost.
Key factions within the BCash community disagree with each other about the features that should be implemented, with the result that the protocol and community – such as it is – is about to split.
Back in August Craig Wright’s team released software to reinstate various features of the ‘original’ Bitcoin, calling it SV or ‘Satoshi Vision’. These include a block-size increase to 128 MB. Shortly after this Bitcoin ABC, the largest BCash client, released its own incompatible update. Jihan Wu launched an attack on Wright for his opposition to this, calling him ‘Fake Satoshi’. Vitalik Buterin, creator of Ethereum, piled in too, encouraging the BCash community to use this as an opportunity to send Wright packing once and for all.
While a tentative plan for compromise was brokered, it looks like BCash is slowly destroying itself from within, without any help required from anyone else. We look forward to the fork activation date on 15 November to see how this one will pan out.
It couldn’t have happened to a more deserving coin.
Red hot news, scorching wit and searing opinion pieces from Crypto Inferno.
Join us on