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Bitcoin [BTC]’s self-proclaimed creator Craig Wright shoots bullets at Wormhole

Priyamvada Singh

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Bitcoin [BTC]'s self-proclaimed creator Craig Wright shoots bullets at Wormhole
Source: Pixabay

Earlier this week, the proponent of Bitcoin Cash and self-claimed Satoshi Nakamoto, Craig S Wright criticized Wormhole, which is a token proposal put forth by the Bitmain developers in the wake of the split of Bitcoin Cash. The Bitmain community expressed in a WeChat conversation that it wants to build a protocol without the integrating the consensus upgrade into it.

In his Reddit post, Wright introduced a number of opinions on the issue. The earliest point raised by the computer scientist is regarding the security of Wormhole, which he claims to be non-existent. The codebase of Wormhole originates from a fork of Omni Layer, which is insecure and thus requires a pre-consensus, as stated by Wright.

Subsequently, Wright also criticized Bitmain’s Founder Jihan Wu’s stance against 0-conf [zero confirmation transactions], which is transactions that broadcast to the network without getting entwined in the blockchain. The Bitcoin Cash community claims to be using such a process as it makes the transactions faster and convenient for both, merchants and customers. However, there have been multiple instances of double spending in case of 0-conf.

According to Wright, Wu is pushing for the idea of 0-conf being insecure primarily because it is not secure for Wormhole, the new project of his company. The Bitcoin Cash proponent also claimed that the ordering and pre-consensus will enhance Wormhole’s search system for transactions. He added:

“The natural ordering of BCH is fast for BCH, but it is slow in finding OMNI transactions adding load to the OMNI node.”

Regarding the control of Jihan Wu over Bitcoin, Wright stated:



“Bitmain has patents on this – and that means they get to own the underlying layers – to control Bitcoin. // Jihan wants DASH. The dash model is funded Devs – based on PoS. Jihan wants PoS – this allows him to have control.”

Last week, Ethereum Founder Vitalik Buterin commented on the controversy surrounding the split of Bitcoin Cash hard fork. Buterin suggested the Bitcoin Cash community to ‘not compromise’ on the vision of Craig Wright to avoid a split. According to the blockchain mastermind, the community should rather use this opportunity to reject him.

The Wormhole token called WHC is also said to be backed by ‘burnt BCH’. Here, Wright took to Twitter to explain the legal complications of the scenario. He wrote:

“DID YOU KNOW… // Backed by is a term in Securatisation Law – any Burn coin using this term, that they are “Backed By Bitcoin” – better hold a lot of coins to return as Backed by means that they are available. // Or.. they are legally committing a fraud.”





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Priyamvada is a full-time journalist at AMBCrypto. A graduate in Journalism & Communication from Manipal University, she believes blockchain technology to be a revolutionary tool in advancing the future. Currently, she holds no value in cryptocurrencies.

Bitcoin Cash

Bitcoin Cash’s [BCH] Roger Ver: Kudos to those who hijacked original BTC and made it expensive, complicated

Akash Anand

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Bitcoin Cash's [BCH] Roger Ver: Kudos to those who hijacked original BTC and made it expensive, complicated
Source: Pixabay

Proponents in the cryptocurrency space have made it a point to push for the mainstream adoption of digital assets. One such proponent is Bitcoin.com’s Chief Executive Officer Roger Ver. In a recent podcast, Ver touched upon the reasons why Bitcoin Cash [BCH] was better than the current version of Bitcoin [BTC], while at the same time elucidated on the obstacles in the industry.

The BCH bull stated that,

“The key to being an investor is to invest in a good product before anyone else and that is what I did with Bitcoin all those years back. I got into Bitcoin because I knew that it would be useful in the future while at the same time bringing financial freedom to the entire world. Those are the same features that Bitcoin Cash has right now and many are saying that BCash is a scam and all that, to them I say that name calling is not an argument.”

Ver further spoke about the government clamp on Bitcoin and other cryptocurrencies, claiming that the lockdown that regulatory bodies have over user’s money is actually a ‘hindrance to our progress as a species.’



According to Roger Ver, Bitcoin is a tool to separate the control of money from the state. He was also asked whether anyone could stop Bitcoin and its effects, to which Ver had his own suggestions. He said that if anyone wanted to hinder the world’s largest cryptocurrency, then the best way is to make it too expensive or too complicated to use. In his words,

“Becoming too expensive or too complicated to use is what has happened to the current version of BTC and is something that BCash is trying to move far from. I want to say kudos to the people who hijacked the original BTC product and the thing is a vast majority of the people do not realize what actually happened.”

Ver was in the news recently after he attacked the BTC camp, stating that it is toxic and full of censorship, trolling behaviour.





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