Image sources:
Bitcoin cash: Wikimedia Commons
twitter-screenshot
6 hours ago The Verge posted an article titled, "Twitter briefly shut down @Bitcoin, sparking wild conspiracy theories" by Adrianne Jefferies. I was thinking, it must be Twitter's attack on Bitcoin again, now that cryptocurrency ad bans will soon be implemented on their social media platform. What is shocking is the underlying feud that exists between Bitcoin and Bitcoin Cash. This has sparked allegations that @bitcoin on Twitter was previously hijacked by Bitcoin Cash supporter, Roger Ver, to spread Bitcoin Cash propaganda.
Image: Taking a look at Roger Ver's counter-argument on Twitter
Disagreements between Bitcoin's core development
Bitcoin Cash, is a Hard Fork from Bitcoin which took effect in August 2017. The Hard Fork came about disagreements with increasing bitcoin's block size limits and to keep Bitcoin's transaction fees low. Bitcoin is now labeled 'Bitcoin Core' to distinguish itself from Bitcoin Cash. With my limited knowledge of their feud, I can only wonder why Bitcoin refused to increase its current blocksize of 1MB? The ultimate use of Bitcoin as a cryptocurrency for day-to-day transactions requires a fast network and low fees.
Bitcoin vs. Bitcoin Cash
I didn't expect the news to have much deeper roots, deeper information that is required for me to make a good judgment on either to continue to stick with Bitcoin [BTC] or divest into Bitcoin Cash [BCH]. Bitcoin Cash currently ranks 4th in cryptocurrency coins and to be a well-informed crypto-investor is to take into considerations both sides of the argument. At this point, I can only provide a reading list for myself and everyone who is curious to know about Bitcoin Cash. I am not your lecturer so these links are not compulsory :)
Reading list:
https://www.investopedia.com/tech/bitcoin-vs-bitcoin-cash-whats-difference/
https://blogs.systweak.com/2017/12/bitcoin-vs-bitcoin-cash-cryptocurrency-clash/
https://news.bitcoin.com/12-reasons-bitcoin-cash-real-bitcoin/
Open discussion
What is your opinion about Bitcoin Cash? Could Bitcoin Cash be the new Bitcoin as Bitcoin's core technology phases out? What are the chances that Bitcoin Cash can become the dominant market player, knowing that Bitcoin now holds the majority of the cryptocurrency market? How about other cryptocurrencies, do they stand a chance to overtake Bitcoin?
Image source: Wikimedia Commons