Hacker News new | ask | show | jobs
by psyc 3149 days ago
Bitcoin Cash is a different, suggestively named currency (it’s not Bitcoin) that was bootstrapped by copying Bitcoin’s blockchain.
1 comments

Bitcoin Cash was born out of necessity to save Bitcoin from disaster when it was hijacked by corporate interests (funded by AXA/Mastercard).

Both sides of the SegWit fork (SegWit1X vs. 2X) ~Nov. 16) are intentionally crippling transaction speeds/costs to move transactions off the blockchain and into the pockets of said corporate interests.

The true spirit and potential of Bitcoin lives on through Bitcoin Cash.

That could be entirely true (and I believe there are several alts that are technically superior to BTC), however if a friend asks me for Bitcoin, I am not going to tell him to install a BCH wallet, send him BCH, and tell him not to worry about it because it's Bitcoin in spirit and it's going to be great.