Bitcoin Cash Promoters Lied Against Bitcoin;Fan Gives Reason
Last week was a dramatic week for the bitcoin community following the cancellation of segwit2x and the circulation of a letter termed “An open letter to Bitcoin and Bitcoin Cash miners from another miner” which many believed was structured to cause damage to legacy bitcoin whilst allowing bitcoin cash to take over legacy bitcoin.
The letter claims that;
BlockStream and the Core developers have done a great deal of damage to Bitcoin especially in eroding Satoshi’s original design and utility:
We also saw bitcoin.com going for bitcoin cash, this lead to the price of bitcoin cash to quadruple within 48hrs and causing panic within the bitcoin community where most people were of the opinion that bitcoin may not survive the attack.
Despite the accusation this bitcoin enthusiasts posted on his Reddit page claiming that bitcoin cash promoters lied against bitcoin.
BCH promoters/supporters have based their criticisms of Bitcoin on a number of false premises.
False premise 1.
That Bitcoin is supposed to follow the Satoshi white-paper (forever) and not change. This is false. The white-paper and the many emails and forum posts that Satoshi had made were very clear in suggesting that Bitcoin should embrace innovation and not stagnate. Bitcoin core developers were and are doing just that, however its fair to say they are dragging their feet at the moment
False premise 2.
That the core developers were deliberately refusing to adopt bigger blocks because they wanted to thwart Bitcoins adoption as a day to day currency. Bitcoin core developers recognise that Bitcoin is too valuable to become a day to day currency so they are focussed on stability and future utility.
False argument. That Bitcoin Cash is the real Bitcoin because it is following Satoshi’s vision. Anyone can fork Bitcoin and make the same outlandish statement. Just saying that doesn’t make it so. If Bitcoin Cash is following Satoshi’s vision then why are they colluding with the Chinese centralised mining cartels? Who is a MAJOR dark investor of BU? Jihan Wu.
False statement .
Bitcoin core wants transactions to take a long time, wants fees to be very high. Bitcoin 2017 is not the bitcoin of 2009. Bitcoin appreciates in value and a currency needs price stability, Bitcoin is not practical currency in 2017
Based on the above any person with common sense would recognise that:
A. Bitcoin Cash and Bitcoin have different functions B. Both cannot be fairly compared C. Bitcoin is not broken as a currency because it’s not trying to be one
If Bitcoin is not broken, has a different range of functions to BCH and is not competing with other currencies then what is the problem? There is no problem.
Certain people/groups want to get hold of Bitcoins very lucretive market position, they want the money, power and the glory. To accomplish this goal they first needed to create a few false premises for supporters to rally against, and so they did. They have misled and manipulated so many people, it’s sickening. They created a Bitcoin civil war out of nothing but false premise’s. Big blocks were just an excuse, a false premise.
What do you thing about his claims on bitcoin cash promoters?
leave a comment below.