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Bitcoin.com deceives people !?


barbaris

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Posted

The Bitcoin (BTC)-supporting community from the everlasting war between BTC and Bitcoin Cash (BCH) is furious because they claim that sites like bitcoin.com are misleading buyers into purchasing BCH instead of Bitcoin. The problem lies in the site using the name Bitcoin for BCH and Bitcoin Core for BTC.

The outraged users have now launched a site, bitcoincomlawsuit.info, which will soon be accepting Bitcoin donations in support of leveling a promised lawsuit against Bitcoin.com. Blurring the distinction between BCH and BTC has caused people to purchase BCH instead of BTC like they wanted, users claim, calling this a “fraud” and naming that as the basis for the lawsuit.

Notably, the creator of bitcoin.com is Roger Ver, a long-standing proponent of Bitcoin Cash, who is well-known and often controversial for his stance that Bitcoin Cash is the real Bitcoin. As previously written in our short primer on this war, some skeptics see this battle as a harbinger of the 'crash' that everyone who has not bought into crypto yet is waiting for.

Source: https://cryptonews.com/news/bitcoin-com-accused-of-misleading-people-into-buying-bch-1682.htm

Your thoughts on this matter? Will this not affect the holders of these cryptocurrencies negatively?

Posted

As you noted in your OP, this has been a long standing issue.  What Roger Ver is doing is not very honest but in his mind, and since he owns the site, it is his call.  

This is a problem of Bitcoin's decentralized network, there is no one with any standing to sue Roger and protect Bitcoin's "trademark" - for lack of a better word.

I don't see Roger changing his mind and doubt any lawsuit would have any success, imagine trying to explain to a judge the difference between bitcoin and bitcoin cash - "You see, the blocks are bigger..." - and how this is somehow a threat to Bitcoin.

I do agree, that 90% of Wall Street and other big moneyed interests are watching this with glee and want Bitcoin to fail, it really is a potential existential threat to them on the payments side.  Maybe not in its current form, but as an idea that we can actually easily separate a payment system from too big to fail, not to mention provide a credible alternative to fiat money systems that are easily abused, e.g. economic collapse of Venezuela.  But now I'm rambling....

Posted
2 minutes ago, wry said:

As you noted in your OP, this has been a long standing issue.  What Roger Ver is doing is not very honest but in his mind, and since he owns the site, it is his call.  

This is a problem of Bitcoin's decentralized network, there is no one with any standing to sue Roger and protect Bitcoin's "trademark" - for lack of a better word.

I don't see Roger changing his mind and doubt any lawsuit would have any success, imagine trying to explain to a judge the difference between bitcoin and bitcoin cash - "You see, the blocks are bigger..." - and how this is somehow a threat to Bitcoin.

I do agree, that 90% of Wall Street and other big moneyed interests are watching this with glee and want Bitcoin to fail, it really is a potential existential threat to them on the payments side.  Maybe not in its current form, but as an idea that we can actually easily separate a payment system from too big to fail, not to mention provide a credible alternative to fiat money systems that are easily abused, e.g. economic collapse of Venezuela.  But now I'm rambling....

Perhaps you are right, many are waiting for the collapse of bitcoins.

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