One of the oldest bitcoin block explorer created in 2010 by none other than Theymos, now operated by London Trust Media with Rick Falkvinge as CEO, announced today they “will refer to Bitcoin Cash as Bitcoin only.”
In a critique of what they call the “Blockstream fork of Bitcoin (‘Bitcoin Legacy’),” the block explorer complains about very high fees and extensive transaction delays as well as unfulfilled promises due to segwit not reducing either.
“It is clear to us that the Blockstream fork of bitcoin diverges so radically from the ideas presented in the Bitcoin white paper, that it is an evolutionary dead end,” the project says in a pop-up announcement before adding:
“While it may still have high trading value, as a mere collectible of curiosity, the Blockstream fork of bitcoin is not part of building any future financial infrastructure, which is what Block Explorer is about. A currency of the future has subcent optional usage fees and instant transactions.”
In a very first, blockexplorer.com says they will refer to Bitcoin Cash as bitcoin only and will no longer provide a BTC block explorer service with the site, estimated to have around 1-3 million monthly pageviews, so focusing on BCH only.
That’s because they say BTC has reached a dead end, while Bitcoin Cash has “a positive utility momentum,” according to blockexplorer.
BTC has seen reverse adoption recently with Microsoft and Steam no longer accepting it for payments, although Microsoft then changed their mind after BitPay somehow promised they could process small BTC transactions, with BitPay presumably covering the very high miners fees.
While Bitcoin Cash has seen increased adoption for payments with a number of mostly small merchants stating they accept it and BitPay itself is to add it as an option.
Once that implementation is completed, then big merchants, like Microsoft or even Steam, will be able to easily accept BCH payments, so allowing it to be used like a proper currency, giving it utility.