With the coming forks and changes, CalvinAyre.com and several other media organizations are reclassifying the nomenclature used when talking about the cryptocurrency.
We are of the belief that Bitcoin Cash (BCC) is the true remaining Bitcoin as intended by the original Satoshi white paper, which was immutably embedded in the blockchain back in 2009. The SegWit chain may have inherited the name “BTC” largely due to history but it is Bitcoin Cash that much more closely resembles the Bitcoin that sparked the entire digital currency boom.
The branches that we will no longer consider Bitcoin are SegWit1X (currently BTC, and likely SW1 after the SegWit2X split), SegWit2X (planned BTC, but likely SW2 after the fork if it fails to achieve majority miner support), and Segwit Gold (SWG). Both SegWit1X and SegWit2X entail high transaction fees and determining their business models are an exercise in futility, although Segwit Chains can still be used as a inefficient (Compared to BCC) institutional value transfer system.
Source: https://calvinayre.com/2017/10/17/bitcoin/say-bitcoin-mean-bitcoin-cash/
Copying/Pasting full texts is frowned upon by the community.
Some tips to share content and add value:
Repeated copy/paste posts could be considered spam. Spam is discouraged by the community, and may result in action from the cheetah bot.
Creative Commons: If you are posting content under a Creative Commons license, please attribute and link according to the specific license. If you are posting content under CC0 or Public Domain please consider noting that at the end of your post.
If you are actually the original author, please do reply to let us know!
Thank You!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit