The way the people behind Bitcoin Cash are promoting and launching their new coin is irresponsible and harmful to the cryptocurrency community. I also wrote my thoughts on this whole Bitcoin Cash issue if you care to read them.
https://steemit.com/bitcoin/@juanplemus/the-bitcoin-cash-powergrab-play
RE: Bitcoin Cash - increase my bitcoin position or not?
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Bitcoin Cash - increase my bitcoin position or not?
Thanks for your reply @juanplemus and your post is interesting. So what do you think is a likely scenario then come August 1st? Scenario 1 I’m guessing?
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It will probably see adoption in China and I expect it will draw in the greedy and ill-informed. It will be interesting to see if the mining power behind Bitcoin Cash is not controlled by a single party. That would compromise the security of their coin. The frustrating part for me as a cryptocurrency enthusiast is the fallout because they have tried to prop-up Bitcoin Cash by throwing shade at the Bitcoin developers and community.
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