Connect with us

Bitcoin Cash

Bitcoin Cash proponent Calvin Ayre dissing Bitmain; an insider look into the BCH meetings

Priyamvada Singh



Bitcoin Cash proponent Calvin Ayre dissing Bitmain; an insider look into the BCH meetings
Source: Pixabay

On 1st September, Calvin Ayre, the Founder of Ayre Group and Calvin Ayre Foundation, and a Bitcoin Cash proponent released a post talking about the recent matter of the Bitcoin Cash split. In the blog post, he mentioned a brief history of the hard fork of Bitcoin. He also criticized Bitcoin ABC and its new idea of Wormhole implementation. Here, he blamed the mining company Bitmain, calling it an ally of the blockchain firm Blockstream.

Ayre stated that the model of Wormhole is economically flawed as it follows the idea of destroying BCH to create tokens, which is ‘counter-intuitive’. He wrote:

“Nobody destroys gold or silver in return for something else… rather, we sell it for something else. This economic model will cannibalize and kill Bitcoin entirely.”

In regards with the Proof-of-Stake protocol, Ayre mentioned that Bitmain could possibly use it in Wormhole to have a grip over the system and the pre-existing tokens that have already been issued by the party. Taking the allegations further, the businessman said that this plan is wrong for the miner community, hence, it will recognize the flaw in Wormhole before it is too late.

Ayre also shared his views consisting of the mining giant Bitmain being involved in shaping a conspiracy with Blockstream. Blockstream is a provider of blockchain technology that also pays attention to the areas of counterfeiting frauds, maintaining transparency, security and confidentiality in the space.

Post the quick summarization of the Bitcoin Cash history, Ayre mentioned about a meeting in Bangkok, Thailand that originated from the current complications related to the split. He stated that several meetings were dedicated to miners only, although nChain is also a developers group. nChain is a blockchain based company which is also the opponent side of the BCH split war.

Another set of meeting that happened involved Bitmain, Bitcoin Unlimited and nChain members. Ayre stated that Bitmain was the only party to refuse to side with Satoshi Vision and Miners Choice. Aiming sarcasm at Bitmain, he wrote:

“Miners Choice is bad for miners and Satoshi got this wrong. Close your eyes, pucker your lips, hum Kumbaya and release your destiny to the warm embrace of brother Jihan.”

Subscribe to AMBCrypto’s Newsletter

Follow us on Telegram | Twitter | Facebook

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.


Ver dismisses rumours of BCH collapse, RippleNet update’s ‘new functionalities’ and more




Crypto News – 20 June

BTC outperforming all conventional assets

Is investing in Bitcoin better than any other traditional asset? Data seems to suggest so.


Gerald Cotten’s deviousness and downfall of QuadrigaCX

The Ernst and Young report suggested, right off the bat, that the exchange was muddled in internal administrative strife, due to a lack of proper accounting.


Skepticism about Libra is natural: Sheryl Sandberg

Facebook’s Sheryl Sandberg said that the reaction to Libra was only natural and that they were preparing to meet regulators.


FB, WhatsApp and Insta may be banned by countries?

Caitlin Long stated that Libra’s launch would result in local currencies taking a hit and facing devaluation.

What would that lead to?


Tron’s DApps record $15.9 million in 24-hour volume

Tron’s Justin Sun, recently announced that Tron’s DApps were beating EOS and Ethereum DApps, with a 24-hour volume of $15.9 million.


R3 partners with to create food traceability blockchain

Ripe Technology ( will be using R3’s Corda Enterprises to create a food traceability blockchain on Microsoft Azure.


FB too late to crypto game, claims Tim Draper

Draper acknowledged FB’s recent entry into the market, welcoming it as a great step towards the endorsement of cryptocurrency.


Subscribe to AMBCrypto’s Newsletter

Continue Reading