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Comment by gressquel | Hacker News Reader

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gressquel·

also one more thing. Bitcoin cash is a altcoin backed by some dubious people:

-Some swedish guy who claims he is the CEO of bitcoin cash. Who is also a pirate party member

-Roger ver, who has been kicked out of US after serving jailtime.

-Wright, a guy who impersonated satoshi nakamoto and was exposed

+ alot more.

these people want to take control of bitcoin and make it a centralized currency.

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+ Bitmain, the largest ASIC manufacturer and the only reason why BCH fork ever happened in the first place

It's a distributed system. What do you mean by "backed"? I'm sure there are some ex-felon proponents of BTC as well.

Half of the success of these altcoin projects is based on hype. The other half is on someone known in the space (not necessarily respected, just known) attaching their name to it to give it credibility. This particular fork is endorsed by people of dubious credibility.

I still don't understand how this is something that applies to BCH without applying to BTC. You could equally argue that both of them are based on hype and the opinions of big names.

Didn't Satoshi (before he disappeared) advocate for the BCH approach to scaling? That's a pretty respected name.

Since when does someone get kicked out of the US for having gone to jail?

sorry.. my mistake. I meant kicked out of US after serving jailtime.

he defected for political reasons. Since he has over $150M+ of bitcoin now, it was a $22M-worth idea.

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