Wu vs bitcoin
Basically , this element says the representation made by the party bcash community must relate to a fact what is Bitcoin , which is material to the formation of the contract buying Bitcoin. The bcash community has repeatedly spread lies about the functionality of bitcoin. The claim that bitcoin transactions take ten hours or more. This is just entirely misleading, while the average may be high the median is quite low at minutes and roughly the same as bcash.
They claim that Bitcoin has no room to grow with no mention of the Lightning Network. Anyways back to the clause. The representation the propaganda above made by the party bitcoin must relate to a fact what is Bitcoin , which is material to the formation of the contract.
Considering there are millions of monthly visitors to bitcoin. Bitpay released an update that claimed to be an upgrade to Segwit, but was actually an upgrade to the NYA hard-fork. Insider trading was legal until https: With all the mixed information being spread people are accidentally sending bcash to their bitcoin addresses.
Tons of people have reported losing their funds due to the confusion. It is almost also certain that Bcashers have had a negative effect on the price of Bitcoin.
Constantly throwing dirt on the Bitcoin name and spreading lies as I have outlined. With eight of the ten elements of fraud, the bcash community could not be more scammy. This article focuses on the loudest voices, but they are just a small subset of what the bcash community looks like. On this day, I declare Bcash the scam of the week. Notify me of follow-up comments by email. Notify me of new posts by email. Roger Ver Roger Ver loses control in interview You may know Ver from his youtube videos where he passionately talks about how Bitcoin stops wars.
Ok but are people using it? To the Ten Elements! False and Willful Representation or assertion To constitute fraud there must be some representation or assertion, which is untrue Exhibit A: Perpetrator of Representation The false representation or misstatement must have been made by a party to the contract or by its agent. Intention to Deceive As mentioned before Ver and bitcoin. Representation must Relate to a Fact The Representation made by the party must relate to a fact, which is material to the formation of the contract.
Promise made without intention of performing it Not directly applicable Fraud Score: Representation Must have Actually Deceived the other Party Considering there are millions of monthly visitors to bitcoin. The Party Mislead Must Have Suffered Some Loss With all the mixed information being spread people are accidentally sending bcash to their bitcoin addresses. Leave a Reply Cancel reply Your email address will not be published.
Comment Name Email Website Notify me of follow-up comments by email. Bitcoin Cash BCH In short, it offers 8MB flexible block-sizes and faster on-chain transactions. However, since the Bitcoin Cash fork, there has been a lot of controversy revolving around the centralization of power.
As of now, the majority of all BCH is being mined by only a few mining pools. In consequence, to attract more miners, the BCH network would need to have compelling incentives for BTC miners to switch their power to the new chain.
One of the main reasons why a highly-valued Bitcoin Cash is attractive for miners and users is the higher block reward. In other words, a higher block reward would mean more miners and a less centralized system. Bitcoin Cash, having numerous advantages over Bitcoin, could have gained a lot of attention from Bitcoin users tired of irrational transaction fees and network congestion. But was this really the case behind yesterday's sudden rise, or is this what someone would like us to believe?
In , Roger Ver was convicted of selling agricultural grade explosives on the online marketplace eBay. He pleaded guilty to all charges and served a month sentence in a federal prison, plus three years of probation.
Take note that he kept the explosives in an apartment building, thus endangering the unsuspicious neighbors. Roger Ver also has no programming skills, yet he is one of the key leaders of the Bitcoin Cash developer team. Craig Wright, on the other hand, claimed to be Satoshi Nakamoto. Obviously, he was unable to prove the authenticity of this claim by showing ownership of the genesis block coins. Lastly, Jihan has been known to operate one of the biggest bitcoin mining pools Bitmain, which has also lately been a very enthusiastic supporter of the 2x fork yes, the one that never happened.
How did his mining pool play out to his advantage? By supporting his own bitcoin political faction. The three main actors mentioned above hold millions of dollars worth of Bitcoin and Bitcoin Cash , all together.