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The original title is “Bitcoin.com Lists Ponzi-like Token HEX to the Dismay of BCH Fans”. BCH is Bitcoin Cash, a fork organized/promoted by Roger Ver, among ot
by gerikson 7y ago
The original title is “Bitcoin.com Lists Ponzi-like Token HEX to the Dismay of BCH Fans”.
BCH is Bitcoin Cash, a fork organized/promoted by Roger Ver, among others. It’s currently trading at $180.67, which is 2.3% of the current Bitcoin (BTC) price.
Ver owns and operates Bitcoin.com.
Confusingly, /r/btc is where BCH is discussed/promoted, while /r/bch was quickly taken over by BTC proponents after Ver failed to get exchanges to recognize BCC as the ticket symbol for Bitcoin Cash. (BCC was already in use by Bitcoin Connect, a ponzi/exit scam that imploded shortly after BCH forked).
Please note that using the otherwise innocuous “bcash” moniker will get you branded as a troll in the Bitcoin Cash community. I’ve forgotten the specific reason for this.
- flyingfences 7y ago> I’ve forgotten the specific reason for this It's because they desperately want you to call it "Bitcoin" to further their ploy. Shortening "Bitcoin Cash" to a name that isn't "Bitcoin" exposes them.
- greenhacker 7y agoExactly. Ver has repeatedly tried to hijack the bitcoin brand and confuse adopters, most notably via his ownership of bitcoin.com domain and subreddit r/btc https://greenhacker.dev/bye-bye-bcash-good-riddance-to-bad-actors/ https://greenhacker.dev/bye-bye-bcash-good-riddance-to-bad-a...
- spookthesunset 7y agoWell, why can’t they rightly claim they are “Bitcoin” and the current “Bitcoin” is the altcoin?
- flyingfences 7y agoBecause they aren't. They hard-forked away from the Bitcoin protocol to a protocol that did not adhere to the Bitcoin consensus at the time, that >90% of the nodes, miners, and businesses did not accept.
- bdcravens 7y ago> Confusingly, /r/btc is where BCH is discussed/promoted Well before Bitcoin Cash ever came into existence, /r/btc was created as a response to alleged censorship in /r/bitcoin, mostly as part of the block-size debate. As a choice emerged to fork to a big-block version of Bitcoin, a principle /r/btc in generally already supported, it made sense to follow that coin.
- mchristen 7y agoYour history is bit wrong, r/btc was created in response to excessive moderation on r/bitcoin, well before Bitcoin Cash existed.
- gerikson 7y agoI elided a lot of history - Bitcoin Cash indeed had its genesis within the community around /r/btc (aka the "big-blockers", Bitcoin XT, etc.). When BCH launched, there was some confusion around the ticker, /r/bch was quickly colonized by trolls, and the community continued to use /r/btc.
- lawn 7y agor/btc was created long before Bitcoin Cash, as an uncensorable alternative to r/bitcoin, which is extremely censored. Bitcoin Cash was created because Bitcoin didn't scale, not because of technical reasons. Instead they used a massive social engineering campaign (censorship, trolls and fake news) to block the development. Roger wasn't even involved in BCH back then. This can be verified by anyone who cares to, and you'll see that the parent is still forwarding the same troll narrative. They use newspeak with terms like "bcash" to try to distance Bitcoin Cash from Bitcoin. Because Bitcoin Cash is proof that their arguments against "big blocks" and the impossibility of hard forks were, and are, bullshit.
- gerikson 7y agoI actually don't have a bone in this fight. I am critical of Bitcoin and BCH in equal measure because I don't agree with their view on how money works. I do respect people in both projects for being intellectually honest about their work and goals. I have unmitigated contempt for Bitcoin SV and the shills who promote it (and am disappointed in those I used to respect who've hitched their wagons to it), but I do appreciate the entertainment value of following the drama.
- lawn 7y agoYes, it just shows how effective the misinformation campaign has been. If you haven't followed the events closely it's easy to get the wrong idea. Being critical to Bitcoin as money is of course fine. I can join in on your contempt for BSV though.