The Bitcoin cash community is in the midst of the First World Hash War, which has split it in two camps with some going for Bcash SV, while the rest supporting Bcash ABC. A hundred thousand users and billions bucks are at stake, and the winner takes it all.
Jihan Wu, a Bitmain co‐founder, who has been silent for some time, has finally spoke his mind backing Bitcoin Cash ABC. Wu suggested his vis‐a‐vis Craig Wright to f@ck off, which means to go to his hardfork of BCH, and called him “fake Satoshi”. Tweets by Wu has fanned the flames of an ongoing raging battle between two parties.
A month ago Craig Wright, who calls himself Satoshi Nakamoto, for his part threatened to bankrupt Bitmain. It’s late September now, yet the promised Bitmain’s IPO didn’t happen possibly due to several issues Bitmain is facing at the moment. The company reportedly changed its BTC for Bcash, which value is still decreasing, and the group of investors is going to sue Bitmain for some “material omission” and for misrepresenting financial information.
Besides that, some leaked documents reveal Bitmain’s assets have only $105 million in cash against $1.17 billion in cryptocurrencies that keep losing their value month after month. Rumour has it that the company is on the brink of bankruptcy.
Bearing all that in mind, it looks Wu either make efforts to distract public from his suffering business or he is just intended to go all the way in his fight against fake‐Satoshi. Therefore, all BCH owners should think twice before backing one Titan or the other. Funny, if all parties will suck at the end of the day as no one knows what can happen to devaluing Bcash, and that highly anticipated hardfork will finish off it al.
If we could decide we would burn both Bcash SV and Bcash ABC, so nobody stood in the way of mining good old BTC.
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