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Bitcoin Cash [BCH] blockchain is not for “gambling” or “child porn”, says Faketoshi to Bitcoin Jesus

Anirudh VK

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Bitcoin Cash [BCH] blockchain is not for "gambling" or "child porn", says Faketoshi to Bitcoin Jesus
Source: Unsplash

Craig Wright, a major proponent of the Bitcoin Satoshi’s Vision implementation of the Bitcoin Cash [BCH] blockchain, recently appeared on a video hosted by Tone Vays, a Bitcoin [BTC] maximalist to speak about the upcoming hard fork. He also accused Roger Ver, also known as ‘Bitcoin Jesus’, of using the BCH blockchain for gambling and “child porn”.

He began by saying that Bitcoin was designed to “work within the law”, and is not an “anarchist coin”. This is due to its role as money, stated Wright, going on to say that it does not break laws or do anything other than what money does. He elaborated:

“It is neutral. You can do good things, you can do bad things. It is not designed to facilitate crime.”

On Roger Ver’s idea of the coin, he stated that his idea of being “able to want to make things illegal” makes Bitcoin itself illegal. Moreover, he stated that what Roger thought wasn’t important as money is neutral. He stated:



“You want to go about there and make it a shitcoin that governments hate, then it’s not Bitcoin. Bitcoin doesn’t take down governments, people vote. If you don’t like the government, go vote for it. The reality of the situation is, if we don’t have Bitcoin accepted by governments, it won’t be accepted.”

Wright further stated that it was not about “Wall Street” but about “Main Street”, alluding to the fact that it must be used at every local store, and using it as money. He further stated that it is not to be used for gambling, child pornography or “any of these other silly things”.

This further adds to the cocktail of things that many of the so-called ‘Faketoshi’s critics have against him. However, it seems that the score will be settled for once and for all once the hash war ensues.





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Anirudh VK is a full-time journalist at AMBCrypto. He has a passion for writing and interest towards the future of blockchain technology and cryptocurrencies. He does not own any cryptocurrencies currently.

Bitcoin

Bitcoin’s [BTC] security is 100 times more than that of Bitcoin Cash’s [BCH], says Litecoin creator

Priya

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Bitcoin's [BTC] security is more than a 100 times than that of Bitcoin Cash [BCH], says Litecoin creator
Source: Unsplash

Charlie Lee, Creator of Litecoin [LTC] and Managing Director of Litecoin Foundation, spoke about projects that allocate mining rewards to developers, in an interview with Laura Shin for Unchained Podcast. He also opined about whether Litecoin’s vision still remained the same or not.

On projects that allocate a percentage of the block reward to developers, Lee stated that it was “okay” as long as the project developers were transparent on this subject, adding that in some cases, this was “needed”. He further stated that it was hard to find developers for Litecoin since, there were not enough funds to pay these developers.

[…] we work on raising money and using money to pay for developers but unlike ICOs or other projects we just don’t have millions sitting from selling our ICO tokens to fund these developers. So, yeah I think projects that do that it’s kind of needed […]”

However, Lee stated that for cryptocurrencies such as Bitcoin and Litecoin that really want to become decentralized money, there cannot be any centralized actions like using mining rewards to pay developers.

This was followed by Lee speaking about Litecoin’s vision and the coin’s use case. On this, Lee stated that the current vision was still “very similar” to the old one, seeing Litecoin as a complement to Bitcoin. He added that Litecoin’s raison d’être was not to replace Bitcoin, unlike some other coins that claim to be the better version of Bitcoin.

“[…] I think it’s trade-off. So, a lot of people don’t talk about the trade-offs people talk about how they have fees are cheaper […] people in support of Bitcoin Cash constantly talk about how Bitcoin Cash transaction fees are like a hundredth of that of Bitcoin but, you get what you pay for right […]”

He further added that Bitcoin’s “security was more than hundred times” that of Bitcoin Cash, irrespective of the hash rate being more or not. Lee remarked that one cannot “attack Bitcoin,” whereas Bitcoin Cash could be “eas[ily] be attacked,” adding that this factor was very important and also the reason for cheaper fees.



“[…] same for Litecoin alright. Litecoin is cheaper and the security is less than Bitcoin […] so people who actually move lots of money they would want to use Bitcoin and I think that’s fine like Litecoin can compliment Bitcoin perfectly fine […]”

Lee stated that this was the reason he agreed with Lightning Network, arguing that it was good for both Bitcoin and Litecoin. He stated that Lightning not only helps them scale, but also enables cross-chain atomic swaps, allowing people to swap two different coins instantly and easily in a decentralized manner.





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