One of bitcoin’s biggest website and company will shift all their resources towards supporting Bitcoin Cash exclusively according to a statement by its CEO, Roger Ver.
The very early bitcoin adopter stated three months ago that “in the unlikely event that the 2MB block size increase portion of Segwit2x fails to activate, Bitcoin.com will immediately shift all company resources to supporting Bitcoin Cash exclusively.”
The 2x part of segwit2x was called off yesterday nearly three months after segwit was activated. Bitcoin Cash supporters, therefore, asked Ver if he is standing by his statement.
“I’m ready,” he said. “If Bitcoin Cash is Bitcoin, then Bitcoin.com should be about Bitcoin Cash?” asks a BCH supporter, with Ver replying by simply stating “Yup.”
He explained that some delay in confirming whether he will stand by his previous statement was because he was attending an interview with Dave Rubin, with Ver further stating:
“I set him up with a Bitcoin Cash wallet too. We will all be able to tip him in Bitcoin Cash by the time the episode ends.”
Ver then went on to make an announcement of sorts stating “while everyone was busy arguing today, Bitcoin.com’s wallet just surpassed half a million wallets. (Half a million future Bitcoin Cash users).”
That was after he had reposted an article written in October 2017 titled “Bitcoin Cash is Bitcoin.” An article that is linked at the header of the website as Public Service Announcement (PSA).
The article argues that Bitcoin Cash follows more closely the bitcoin whitepaper titled Bitcoin: A Peer-to-Peer Electronic Cash System. Therefore, Bitcoin Cash is bitcoin.
While some other Bitcoin Cash supporters, in agreement with some Bitcoin Core developers such as Gregory Maxwell, are now arguing that bitcoin is the longest valid chain, rather than just the longest chain.
The segwit chain is not valid, according to their view, so it being longest is irrelevant. Thus Bitcoin Cash is bitcoin, they say, a peer-to-peer electronic cash system, unlike the invalid chain, as they see it, which is a hub-to-hub settlement system.
It’s an interesting twist in the bitcoin space where the scalability debate ended yesterday following the capitulation of segwit2x.
Now, the free market rules again, with both visions having their own projects, free to implement what they please, under the judgment of the market, which at this stage expects results, after three years of debate.