The Bitcoin Cash [BCH] hash war has only escalated since November 15, the day of the hard fork. The fork has been propagated by two different parties, the ABC implementation led by Bitcoin.com’s Roger Ver while the SV implementation was led by Craig Wright and Calvin Ayre.
A recent live stream conducted by Decentralized Thought was crashed in by Craig Wright, where he gave his thought on the hard fork as well as Bitcoin SV’s future. Wright stated that for a mining pool to be healthy, Bitcoin needs at least 3 mining pools to function properly. He directly jumped into the discussion about the so-called hash-war where he talked about it no holds barred. In his words:
“We are going to dog ABC’s tales till they run out of money. Then we are going to tail them again and see them sell again and again till they crash and burn.”
Wright also claimed that the SV camp had more money than Roger Ver and Bitmain’s Jihan Wu. Although he did not give the exact figures, he went on to say that “a lot of money for some people is not a lot of money for others”. The nChain official also displayed a slew of luxury watches to prove his financial prowess. Wright went on to say:
“I want to burn Roger and Jihan to the fucking ground till there is no Bitcoin left with them. There will be no hash war left and that is my end goal.”
The Satoshi Vision proponent added that he does not give a ‘shit’ if no one sells. He also put his foot down while stating that he was ready to fight out the hash war till 2026. Craig Wright also gave his opinion on the existing cryptocurrency exchanges, calling a majority of them “illegal gambling exchanges”.
Wright was also in the news recently when he blamed the market’s decline on the recent Bitcoin fallout. He had said:
“We aren’t aiming to make the prices go down but that’s never going to be out because. If we get more money, if we were to get three times as much in BTC for exchange we would actually be able to throw more hash at them. The reality is we’re not seeking to push down to BTC price. That’s not the goal. It’s just a consequence.”
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Bitcoin Cash would be a perfect global coin for daily spending, claims Chainblock’s Federico Pecoraro
Federico Pecoraro, CEO of Italy-based crypto-company, Chainblock, made waves in the cryptospace after he suggested that Italians were shifting to cryptocurrencies owing to the country’s growing economic problems. The 2008 financial crisis hit the Italian economy badly, largely due to the huge public debt accumulated after years of excessive public spending.
According to Federico Pecoraro, the state of affairs offers an opportunity for many people and businesses to benefit from using decentralized money. In what is the most newsworthy bit of his take, he said that Bitcoin Cash (BCH) could be the cryptocurrency that would fit perfectly as a real global coin for daily spending, despite the fact that Bitcoin (BTC) is more likely to emerge as a better store-of-value. He added,
“We’re proud to support it on our products. Indeed, our clients have the opportunity to buy BCH through any of our services.”
Pecoraro also spoke about how Chainblock used the crypto-winter to develop new products and expand its customer base. He revealed that by the end of 2018, Chainblock recorded a 156% increase in transactions and a 144% increase in new users. Federico Pecoraro told Bitcoin.com,
“We love small businesses that want to accept crypto payments but we want to enable as many merchants as we can with a strategic market approach. Our goal is to provide affordable and scalable solutions for both big and small shops and spread real cryptocurrency mass adoption. We plan to enable 5,000 merchants to accept Bitcoin payments.”
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