Bře 10

Bitcoin Cash Propaganda Poll Backfires

· March 10, 2018 · 12:00 pm

The Twitter account @Bitcoin — an intentionally misleading account which only supports Bitcoin Cash (BCH) — recently tried to defame Bitcoin (BTC) in a poll on the popular social media website. Unfortunately for them, it didn’t work.


Oops!

For those who aren’t aware, the Twitter account @Bitcoin actually has nothing to do with Bitcoin (BTC). Rather, the account uses Bitcoin’s name while pumping out anti-Bitcoin propaganda and shilling the dominant cryptocurrency’s largely-unwanted step-brother, Bitcoin Cash (BCH). As noted by Badbitcoin.org:

The Bitcoin account on Twitter @Bitcoin has been hijacked or bought by those scoundrels promoting the Bcash (Bitcoin Cash) Scam. Mail Order Explosives, Bitcoin, Scams – They do the lot! 1/8/18.

The borderline-scam account posted a poll on Thursday, asking which ‘Bitcoin’ Twitter users prefer. Of course, in doing so, the Twitter handle explicitly made biased and incorrect statements in an attempt to prove that Bitcoin Cash is the superior cryptocurrency. It backfired:

When all was said and done, Bitcoin (BTC) proved to be the overwhelming favorite, despite the Bcash scammers best efforts to undermine the dominant cryptocurrency. Out of 17,437 votes — a sizeable sample — 74% of users preferred the real Bitcoin (BTC) to Bitcoin Cash (BCH).

Additionally, the @Bitcoin Twitter handle was recently restricted on the popular social media site, though the reasons behind both the account’s restriction and restoration of permissions aren’t clear.

‘Btrash’

Bitcoin Cash — a hard fork of Bitcoin — largely markets itself as being ‘Satoshi Nakamoto’s real vision’ for Bitcoin and, in doing so, claims to be ‘the true Bitcoin.’ Meanwhile, misleading accounts like @Bitcoin on Twitter spew intentionally misleading information in desperate attempts to gain support.

As evidenced by the Bcash shill account’s own Twitter poll, however, many cryptocurrency investors view Bitcoin Cash as little more than an attempted hijacking of the Bitcoin brand by Roger Ver, Calvin Ayre, and others, to capitalize on the confusion of new investors.

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Bitcoin Cash, however, is making headway in one particular field. Recently, reports surfaced that, for the first time, Bcash is being accepted as a form of ransom payment by ransomware — intrusive software, which encrypts victims files and demands payment in return.

In other news, Ayre himself is launching his own Bcash-only vacation resort in Antigua, where he has primarily resided since being indicted by the US Attorney for Maryland on charges of illegal gambling and money laundering.

[Full disclosure: the author is a holder of Bitcoin (BTC)]

Which do you prefer: Bitcoin (BTC) or Bitcoin Cash (BCH)? Let us know in the comments below!


Images courtesy of Twitter/@Bitcoin, Bitcoinist archives

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Pro 21

Coinbase BCash Scandal: Ver Says Insider Trading A ‘Non-Crime’

· December 21, 2017 · 5:30 am

Bitcoin.com owner and Bitcoin Cash (BCash) proponent Roger Ver has described Coinbase’s insider trading scandal as a “non-crime.”


Ver: Advance Trading Would Have Been Better

Speaking in a new interview with CNBC, which this week also came under scrutiny for its sudden BCash support, Ver implied it was up to users to “be careful” when using cryptocurrency exchanges.

“I think insider trading is a non-crime… If a bunch of people had traded in advance, then the price wouldn’t have been nearly as volatile,” he told hosts including pro-Bitcoin Brian Kelly.

Coinbase

Ver’s previous appearance on the network ignited a storm on social media, with figures such as Max Keiser opposing the network’s choice of guest for mainstream viewers. Keiser described BCash as “borderline fraud” and CNBC as “fake news.”

Responding to Kelly’s query as to whether BCash’s increased popularity would cause it the same challenges as Bitcoin currently faces, Ver continued that bigger blocks would avoid issues such as network congestion.

Reddit User Says ‘Mate At Coinbase’ Confirmed BCash Launch

Yet the ties between Ver and the media giant run deeper.

As Bitcoinist reported Wednesday, an out-of-character spate of pro-BCash tweets from CNBC revealed the work of Gaby and Paul Wasenstein, a husband-wife team which worked both as its director of marketing and organized BCash events.

A photograph of Paul Wasenstein with Ver holding a CNBC logo has been circulating around cryptocurrency social media circles.

Predictably, the backlash from Bitcoin users angered by the sudden BCash promotion continues to mount.

Slush, creator of the first Bitcoin mining pool and Trezor hardware wallet  CEO, wrote on Twitter that the matter of BCash, along with the ongoing insider trading scandal at Coinbase, was a “decentralization matter.”

“Avoid both,” he added, with ShapeShift CEO Erik Voorhees describing his own objections as “politicized propaganda.”

On Coinbase’s promised investigation into the insider trading, analyst Tone Vays meanwhile unearthed what he considers evidence staff broke rules about BCash prior to the release.

A Reddit thread Vays found shows user u/mukiwa2 tell users he “has a mate at (Coinbase),” which allowed them to know it would shortly add Bitcoin Cash.

u/mukiwa2 has since deleted the comment.

What do you think about the latest comments from Roger Ver about insider trading? Let us know in the comments below!


Images courtesy of Twitter, Shutterstock

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