Bitcoin Cash is Terrifying – Jonald Fyookball –
If you’re just joining the drama, Bitcoin Cash is a fork of Bitcoin that was born on August 1st, 2017, as a result of a 4-year long feud between the different factions in Bitcoin.
In a nutshell, Bitcoin Cash continues the original vision of Bitcoin as Peer-to-Peer Electronic Cash , while “Bitcoin Core” (what most people simply call ‘Bitcoin’ at the time of this writing) is transforming into a settlement layer with high fees and “second layer” solutions.
As many have opined, the splitting of the network is probably best for everyone. Both camps can pursue their own vision of Bitcoin.
You would think that everyone would peacefully go on their merry way...
So, Why is Bitcoin Cash Being Constantly Attacked?
To be fair, there is strong rhetoric and loud arguments continuing from both sides. However, the nature of the communication from each side is often of a completely different nature.
While ‘attacks’ on Bitcoin Core mostly consist of pointing out key facts and glaring contradictions, the attacks on Bitcoin Cash are mostly dishonest — sometimes blatantly dishonest and vicious.
I’ll give an example to prove my point…Also, it may be helpful to remember that one side engages in heavy handed censorship, while the other allows an open discussion.
I maintain a Bitcoin Cash wallet called “Electron Cash”, which is quite popular because it doesn’t require you download the entire blockchain.
A few days ago, I noticed the ElectronCash.org website was down. Turns out the domain registrar paused it because of an “ICANN WhoIs Innaccuracy Complaint”.
Yes, I admit I made a mistake by not filling out the WhoIs information correctly. The error was corrected and the site is back.
Who would complain to ICANN and why?
Here Come the Trolls, Right on Cue…
When the site went down, I promptly took action, contacting the registrars to resolve the issue while making sure the wallet was available on Github. A discussion about it was started on r/btc.
Then, in a goofishly pathetic (and predictable) attempt to discredit Bitcoin Cash, no less than 7 pre-certified Core trolls came out of nowhere to join the discussion, all postulating the risk of losing coins on the Electron Cash wallet.
It gets worse:
These trolls actually created an entire fake Github repo, tried to claim that it was mine and that it was untrustworthy because it couldn’t be compiled.
After I complained to Github about their fake repo, they retaliated and got my (real) repo flagged! It was down over the weekend while Github investigated. Thankfully, both the website and the Github repository are now back online.
The whole series of events goes beyond trolling and rhetoric. It was a malicious attack. This is just one example of the lengths they will go to, and the absurdities they will engage in.
Because they hate Bitcoin Cash! They find it threatening.
Here’s Why They Are Terrified of Bitcoin Cash:
They are afraid because they know they cannot compete on merit.
They must engage in spreading misinformation because they secretly know the truth: People do not WANT a settlement layer controlled by large financial institutions, corporate interests, and government bureaucrats… and they certainly don’t want high fees and slow confirmations.
Transcending these things was the whole POINT of Bitcoin in the first place.
The Fear Runs Deep
I’ll say it again… they are scared.
They are scared because people are finding out that Bitcoin Cash functions the same way as Bitcoin did from 2009–2016, and the current version of Bitcoin Core does not.
They are scared because the feasibility of huge blocks is being scientifically proven and empirically validated.
They are scared because Bitcoin Cash is starting to see everyday use in the real world… even though it is barely a month old.
They are scared because Bitcoin Cash has bright and competent developers that deliver what users want, and who are working on things that are actually useful.
They are scared the next wave of decentralized applications will leave Bitcoin behind in favor of other currencies like Bitcoin Cash.
They are scared that Point-of-Sale applications are being rapidly developed.
They are scared because Bitcoin Cash is the genuine article so they have to resort to desperate attempts to “rebrand it” to remove the Bitcoin name.
They are scared because Bitcoin Cash has arguably the best cryptocurrency community in the world.
They are scared because barely anyone is using their beloved SegWit “scaling solution”.
They are scared because their censorship of r/bitcoin is being catalogued.
…and they are probably scared for a dozen other reasons.
Join the Conversation, Join the Community
I invite you to find out more about Bitcoin Cash and join the conversation, which is largely taking place on r/btc.
We will not censor your opinion (unlike r/bitcoin) if you disagree with us.
Heck, we’ll probably end up tipping you in Bitcoin Cash, which is now possible with low fees and cool applications being built.