At a time in which bitcoin cash (BCH) surges to $1,680, the cryptocurrency’s lead developer, Deadal Nix, stated that Bitcoin itself is dead as it split into two back in August. According to him, there is now bitcoin cash and bitcoin core/Legacy.
His statement came as a response to a tweet from Alphonse Pace, stating that in an attempt to scam bitcoin users, bitcoin was being labeled as bitcoin legacy. Per his tweet, bitcoin cash can’t become bitcoin, even if the number one cryptocurrency is labeled as bitcoin legacy. Various community members were quick to respond to Nix’s tweet, with Charlie Shrem, who founded BitInstant in 2011, pointing out that in Deadal Nix’s own twitter profile he labels himself a “professional shitlord,” and adding that he would take bitcoin core over him any day.
In response to Deadal Nix’s claim, Alphonse Pace reiterated that the response he got only supported his claim that it was all a coordinated effort o take down bitcoin and claim its throne. In another tweet, Pace added that bitcoin’s recent heights, above the $8,000 mark, were not coincidental with Bitcoin Cash’s existence, implying those who support it were just holding the cryptocurrency back.
As reported by CCN, Bitcoin Cash’s surge has partly been triggered by its increasing adoption amongst bitcoin platforms. Recently, both Bitstamp and Blockchain, major exchanges and wallet platforms, announced their plans to integrate the cryptocurrency by the end of the year. The integration will lead to an increase in liquidity, apart from South Korea trading platforms such as Bithumb, Korbit and Coinone, which have been accountable for nearly 60% of the cryptocurrency’s trading volume.
Bitcoin.com CEO Roger Ver has also been marketing Bitcoin Cash to its readers and social media followers, so much so that various industry experts, including Litecoin creator Carlie Lee, criticized him for doing so.
On the other hand, the host of Russia Today’s ‘Keiser Report’ Max Keiser recently stated that bitcoin’s value will increase to $100,000. According to Keiser, the cryptocurrency is a gift from God to help humanity. He notably stated:
“Hundreds of obituaries have been written about bitcoin and none of them have come true and none will. Fact is, bitcoin is a gift from God to help humanity sort out the mess it has made with its money.”
Deadal Nix’s claims could, in fact, be seen as bitcoin’s 191st death. Addressing Bitcoin Cash, Keiser called it an altcoin that isn’t adhering to acceptable business practices for taking advantage of the bitcoin brand.
Recently, social media star and professional poker player Dan Bilzerian tweeted out to his 23 million followers that his bitcoin is making a “killing” after he bought at $2,300, further contributing to bitcoin’s bullish year.
Featured image from Shutterstock.
Last modified: May 20, 2020 9:25 PM UTC