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What is Bitcoin Cash (Aug 1st Split)

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When it seems like everything is all set and we are going to get Segwit on Bitcoin, a group comes out of left field and introduces Bitcoin Cash. Bitcoin Cash is a fork of Bitcoin that will activate on August 1st and will offer an alternative with a 8 MB blocksize (and no segwit!).

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6 Comments

  1. BCH is labelled as a scam due to the behavior of Roger Ver and fake satoshi. The BCH devs should have called their alt coin something else and not been trying to steal the brand name of Bitcoin. It's dishonest and unethical..a fraud. Bitcoin is developed by consensus, and you can't change that by making your own copy and calling it Bitcoin. I may trade BCH for the monthly mining purchase pumps but other than that I see it as weak sauce with no use case when Bitcoin's scaling solutions are in widespread use. Creating an alt coin is fine, and to be encouraged.. trying to steal a brand built by other people is not.. If bitcoin was centralized, this bitcoin cash would be served a cease and desist.. or worse.. those perpetrating the ongoing fraud would be in jail.

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