The Bitcoin Cash [BCH] hard fork has been creating waves in the cryptocurrency market with several proponents talking about the two new tokens: Bitcoin ABC which is now treated as Bitcoin Cash and Bitcoin SV.
During the Bitcoin Cash Meetup in Tokyo, Roger Ver, the Chief Executive Officer of Bitcoin.com, spoke about the network split as well as the effects of the hard fork on existing tokens. Ver started by saying that the BCH event was not really a fork but was an ‘upgrade’.
He stated that the BSV tokens are still present in the users’ Bitcoin.com wallet and admitted that he does not know how long it is going to exist. Ver said:
“ You needn’t worry because both the tokens are present in your Bitcoin.com wallet. I really don’t know how long SV is going to last, it may last for years to come or it may disappear after a couple of days.”
The Bitcoin.com official also informed users that Koinex, a popular cryptocurrency exchange, was crediting users with both BCH and BSV with the same addresses. A Kraken official, who was present at the meetup stated that the company is trying to work on the credits system.
Ver then talked about Craig Wright, the Chief Scientist at nCHain and one of the biggest proponents of Bitcoin SV. Roger said that the rumours spread around by Wright about people using ABC for illegal activities were false and completely unfounded. In his words:
“Craig may say a lot of things and then ask people to ban ABC. That’s like saying if I beat anyone with my shoes, then all shoes should be banned. We played out all the cards and the fork wasn’t even a close competition. Bitcoin Cash is still going strong while BSV is struggling to even get off the ground.”
To a question posed to Ver about the BSV camp attacking the ABC network, the CEO simply said that “they can try whatever they want but nothing is going to happen”. He also said that SV is filled with false promises and there is no product on their end that has the ABC team worried.
Subscribe to AMBCrypto’s Newsletter
World Wire is based on standards developed by SWIFT, says IBM’s Head of Blockchain Solutions
Ripple partner SBI Holdings announces foray into mining space; will compete with giants Nvidia and Bitmain
Tron-based USDT: Huobi Global, OKEx and Gate.io announce support for new TRC-20-based Tether
Ethereum [ETH/USD] Price Analysis: Coin bids adieu to bull market as bears take over
DigiByte [DGB] soars by 9.7% as online movement for Coinbase addition gains momentum
Flash hike: Qtum skyrockets by over 36% in 1-hour after Apple Pay & Samsung Pay announcement
Craig Wright’s Twitter account suspended after threatening harassment and libel lawsuits
Qtum partnership with Zeus enables users to trade cryptocurrency on Apple Pay, Samsung Pay
Bitcoin Cash [BCH] developers introduce privacy-protecting lightweight protocol, Neutrino
Bitcoin Cash [BCH] Price Analysis: Bears return as market correction precipitates decline
Bitcoin [BTC]: Dubai gets its first ATM; users can acquire BTC using any fiat currency
CFTC Commissioner: Regulated cryptocurrency market could attract institutional investors
Bitmain’s overproduction of ASIC miners led to lower mining profits, claims miner
Binance is going country-hunting in search of their ‘regulatory paradise,’ says report