Bitcoin Cash is the “Real Bitcoin” according to Bitcoin Judas

The Bitcoin vs. Bitcoin Cash “War”

There is a wide spectrum of opinions about the on-going Bitcoin (BTC) vs. Bitcoin Cash (BCH) war. Some experts argue over which coin has the better long-term solution for scaling. Some also argue over which coin has become more centralized by the powerful mining companies who control large portions of the hash power. Yet, others find less technical issues to be more concerning, such as whether or not Bitcoin Cash is hijacking Bitcoin’s brand name or which coin Satoshi Nakamoto, the anonymous creator of Bitcoin would approve most of.

The Polarization of the Two Bitcoin Camps

Both camps have had their fair share of attacks since the Bitcoin hard fork this past August. Since then, this on-going and highly controversial battle has involving some of the top thought-leaders in the space chiming in with their opinions, and overall it’s caused a great deal of confusion for the cryptocurrency community.

The extent to which the debate has been polarized can be seen in sensational statements on the far ends of both sides of the Bitcoin/Bitcoin Cash spectrum, ranging from “Bcash is a scam” to “Bitcoin Cash is the Real Bitcoin”.

Disclaimer: Satirical Artwork

Before diving deeper into concept behind this design, I’d like to state that I am a neutral party in this “war”, and in fact do not have a problem with Bitcoin Cash. I personally would like to see both projects succeed and use both coins.

The featured artwork is purely satirical and done mostly to poke fun at Roger Ver and to reflect what I perceive to be the community’s reaction to his incessant shilling of Bitcoin Cash.

Prints, Canvases, Accessories, and Apparel available at the hodl art shop.

Roger Ver: from Bitcoin Jesus to Bitcoin Judas

Roger Ver has been a top advocate of Bitcoin for many years. This is why he was kknown as “Bitcoin Jesus”. He is a very vocal anarcho-capitalist and his both his early involvement investing in Bitcoin and renouncement of his US citizenship are demonstrative of his political idealogies, which are very in-line with those of the cryptocurrency movement.

However, Roger’s story has changed over the past couple years from evangelizing Bitcoin’s benefits and promoting adoption to being more of a detractor from Bitcoin with his constant involvement in project designed to displace Bitcoin.

Roger has said on record countless times that people have stopped using or investing in Bitcoin and switched to altcoins because of Bitcoin’s scaling issues and corresponding high transaction fees. The truth is that if people stopped using Bitcoin, there would be no scaling issue.

In Satoshi Nakamoto’s whitepaper, he said that Bitcoin is a peer-to-peer cash system. The truth is that, although Satoshi demonstrated genius foresight in the Bitcoin design and code, he wrote it before the current Bitcoin ecosystem was built.

One of Roger’s fundamental arguments detracting from Bitcoin Core is that Satoshi hinted at a blocksize increase in one of his last posts before disappearing. Satoshi hinted that larger blocks could be a good idea, after some optimization.

Bitcoin XT, Bitcoin Classic, Bitcoin Unlimited

Bitcoin XT was created by Mike Hearn and Gavin Andresen to aggressively increase the blocksize to 8MB. Roger Ver supported it but it never caught on. This is where he began complaining about the censorship on Reddit /r/bitcoin.

Bitcoin Classic was Roger’s second attempt. Instead of increasing the block size to 8MB they tried 2MB. In March 2016 they managed to get 7% of the Bitcoin network hashing power to support Bitcoin Classic. In a desperate attempt they tried to set up as many fake nodes on AWS as they could to try to look more popular.

Bitcoin Unlimited was the third attempt, this time they tried bribing. Bitcoin Unlimited received a “500,000 usd donation” and now additionally there is a 1 million dollar grant for alternative implementations. I think this kind of falls under the “bribing” part that I will discuss later.

Bitcoin Cash

The Final, and by far most successful project detracting from Bitcoin is Bitcoin Cash. Roger says that Bitcoin Cash isn’t exactly a ‘better Bitcoin’, but a return to the original functionality that Bitcoin intended. In an interview, Roger Ver said:

Bitcoin Cash is the real Bitcoin and will have the bigger market cap, trade volume and user base in the future.

Roger’s main argument is that the Bitcoin Core team intentionally increased transaction and confirmation costs, and lowered transaction rates. He believes that Bitcoin Cash is a better solution, and will become bigger than BTC in the future.

Bcash pump and dump scam or Legit?

Some members of the crypto community speculate that Bitcoin Cash’s price rise was a pump and dump scheme to trick traders. If you’ve been paying attention to the prices since the fork in August, it may very well seem as such.

Due to Bitcoin Cash’s shady price movements and mining centralization, many have chalked Bcash up to be just another anti-bitcoin scheme driven by Roger.

Bitcoin supporters changed Roger Ver’s nickname from ‘Bitcoin Jesus’ to Judas as a result, symbolizing his switch from supporting BTC to BCH. Some believe that Roger Ver is shilling for major BCH stakeholders. He does so every chance he gets.

 

So, What’s your take?

Do you favor BTC or BCH or a different crypto altogether? Drop a comment below.

Hold On for Dear Life

Monero (XMR) Holders will receive 10 MoneroV (XMV) in Hard Fork expected March 14th

MoneroV (XMV) is a private, untraceable, finite and secure cryptocurrency fork of the Monero (XMR) blockchain. A hard-fork split will occur at block 1,529,810 (est. March 14th, 2018) when MoneroV miners will start to create blocks on the new network.

The MoneroV blockchain will contain the history of all Monero transactions up until block 1,529,810 and all Monero (XMR) holders will receive MoneroV (XMV) in the rate of

1 XMR = 10 XMV after the fork.

Sounds great, so where’s the Pump?

Monero (XMR) has had a long-standing history as a Top-20 cryptocurrency, usually ranking somewhere between the #10 and #15 spot for extended periods of time.

Monero Coinmarketcap

Monero’s current rank is #12 with a market cap of $4.8 Billion and price of $302 USD.

The USD price of XMR has traded as high as $470 USD.

XMRUSD

Yet, today the price of XMR is a mere $300, down over 1/3 from it’s all time high.

It’s important to note however, that XMR has significantly outperformed BTC since our all-time-highs in December. As you can see in the XMR/BTC pair, the Monero price trend is positive and appears quite healthy from a Technical Analysis point of view.XMRBTC

When you overlay the two and compare % changes since November 2017, you see that Monero is still up 146%, while Bitcoin (represented by the red line) is up only 65%

XMRUSD with BTCUSD

XMV fork is Bullish for XMR’s price

Monero has performed well in recent months and in anticipation of the Fork. However the incentive to hold Monero for the fork may very well send the price up further. Investors and traders alike will want to acquire more XMR to exploit the fork.

Coin Features:

  • Capped: MoneroV adheres to core Austrian school of economics principles by capping the total MoneroV coins that can be created, parting with Monero’s infinite coin supply structure.
  • Secure:  Decentralized peer-to-peer blockchain transaction consensus enables MoneroV to be secure and reliable.
  • Private:  MoneroV is truly anonymous and private. Sending and receiving addresses are obfuscated, as well as all amounts being transferred in all transactions. Your identity cannot be linked or traced to a transaction on the MoneroV blockchain.

How can I get MoneroV?

Anyone holding Monero during the fork at block 1,529,810 (~14th March) will receive MoneroV coins (XMV) in the rate of 1 XMR = 10 XMV. As an example, if you hold 1 Monero coin (XMR) prior to the fork, you will own 10 MoneroV (XMV) after the fork.

If a third party stores your Monero coins, like an exchange or a custodian wallet service, you will need to inquire with them about your MoneroV coins.

Any secure wallet where you control your private key will work for receiving MoneroV.

How is MoneroV different than Monero?

  • MoneroV has a limited supply of coins in contrast to Monero’s infinite coin supply.
  • MoneroV and Monero’s proof of work algorithms are on a different development path, as MoneroV’s will focus on mitigating the mass use of botnets and unsuspected browser-based miners.
  • MoneroV will have an active development fund that would be used for rapid development and feature integration versus Monero’s voluntary donation based development process.
  • In addition, MoneroV will implement new protocols that will solve the scaling problems facing Monero and other cryptocurrencies such as Bitcoin. In-depth detail is included in the MoneroV roadmap: https://monerov.org/MoneroV-Roadmap.pdf.

MoneroV Coin Specs:

  • Total Supply – Capped at 256 Million XMV.
  • Circulating Supply at Hard Fork Split – 158 Million XMV (10x circulating XMR supply).
  • Proof of Work – CryptoNight (to be modified)
  • Difficulty Retarget – Every block. Adjusted difficulty initially after the split.
  • Block Time – Every 2 minutes.
  • Block Reward – Smooth decrease. Minimum of 6 XMV per block at 184,467,440 XMV in total emission until 256M max supply reach.
  • Block Size – Dynamic.
  • Privacy – Ring signature / stealth addresses.

Always Do Your Own Research. Hold on for dear life.

Official Website:
https://monerov.org

Blockchain Explorer:
https://monerovexplorer.com

Github (Repository roll-out):
https://github.com/monerov

Telegram:
https://t.me/joinchat/H4TZNQ98QfDGejxJY0CvhQ

Twitter (Community):
https://twitter.com/monero_v

Ethereum Classic Callisto (CLO) Airdrop/Fork Expected March 2-5 (2018)

The Callisto Airdrop is expected to occur for Ethereum Classic (ETC) holders between March 2nd and 5th, 2018. People holding ETC during a snapshot taken at block 5,500,000 will receive free CLO tokens at a 1:1 proportion to their ETC holdings.

Airdrops and Forks are one the best aspects of hodling. Free money.

Free Money

How to Claim your Callisto (CLO) Tokens

Hold Ethereum Classic (ETC) in a wallet where you control your private keys such as MyEtherWallet or Metamask prior to the snapshot being taken during block 5,500,000. Once you have received the tokens after the snapshot is taken, check your CLO token balance and you should have received the airdrop.

Is it an Airdrop or a Fork?

On one hand its a fork in most ways, as parities are as of now connected with addresses, so there is nothing to “drop.”

On the other hand, each source aside the GitHub is depicting the minute when CLO tokens are available as an “airdrop.”

Either way, the outcome is the same: 1 free CLO for every ETC.

What is Callisto About Anyways?

Callisto is a blockchain technology that runs on the Ethereum Classic protocol. It introduces a cold staking protocol which rewards token holders for being participants.

Cold staking gives CLO token holders incentives for holding for a specific period of time, allowing them to earn interests without validating transactions as transactions will be achieved by the Proof-of-Work algorithm.

ETH CLASSIC ART

Callisto’s Goal

“The main goal of callisto is to research and develop a reference implementation of self-sustaining, self-governed, self-funded blockchain ecosystem and development environment,” explains the CLO white paper.

Callisto aims to establish a secure and contribution-friendly environment for further protocol development and improvements. It will rely on a built-in system of smart-contracts to achieve this goal.

It will be possible for Callisto smart contracts to be used on Ethereum classic blockchains and also ETC smart contracts run on Callisto blockchain effectively.

Callisto’s development team is also looking to settle a couple of issues identified with contract hacking.

Callisto’s Effect on ETC Price

Ethereum Classic’s price has surged from the $30 range to a high of over $40 in anticipation for the Callisto fork before a minor price correction.

ETC USD 2018
ETC / USD 2018 to date

I am anticipating an upwards price movement as we get closer to the fork, as many traders will move into positions to exploit the airdrop and receive free CLO tokens.

Ethereum Classic, is a remarkably stable cryptocurrency judging by its price trend compared to many other coins in the market. I wouldn’t expect any extreme volatility for the fork but traders should keep in mind that ETC price is likely to drop after the fork as profits would be taken by traders exploiting the airdrop almost immediately.

Whatever your trading plan is, it’s important to trade with funds you can afford to lose. Always Do Your Own Research. Here is the Callisto Whitepaper.

Hold on for dear life.

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