Ethereum and Bitcoin Cash Investors at WAR

One interesting story that has emerged in recent months is reports of a rivalry between the proponents of Ether and the believers of Bitcoin Cash. The nearly quasi-religious competition is primarily the fact that Ethereum enthusiasts are claiming that their digital currency preserves an untampered history that is free from interference. On the other hand, Bitcoin Cash proponents argue that their coin is a faster and more reliable version of BTC. They claim that it is a better example of the “true vision” that Satoshi Nakamoto, Bitcoin’s creator envisioned.

What Experts Say

Financial experts have had their say regarding the feud. Co-author of Crypto Laser Whitepaper, Maxwell Arnold, in an interview with Express.co.uk said:

“The beef appears to come from the ideology that as Ether transitions to the proof-of-stake mode from proof-of-work, it is anticipated that this will make ETH less secure while Bitcoin Cash continues to rely on proof-of-work.”

There have been Reddit threads exploring the hatred between both digital currency communities. Those who are for Bitcoin Cash say there was a planned attempt to create negativity toward Bitcoin Cash and tag it as a scam.

According to one Reddit user, his experience talking about BTC online was annoying. The Reddit user (regecide2025) had this to say:

“I have no issue with Bitcoin Cash. But there’s an issue with the community because they have resorted to attacking people. ”

However, the debate continues. Hitting back at critics regarding Ethereum’s protocol online, one Reddit user by name Mowglio described BCH as “literally a cheap Chinese knock-off from Bitcoin.” The idea of ‘forked’ coins, according to the Head of Education at London Block Exchange, Jacob Papageorgiou, can be likened to how popular movies are ‘rebooted.’

Why the Anger?

Regarding this Papageorgiou says:

“We are talking about individuals who have spent years together working on developing software, hence when there’s a disagreement that results in such a schism; it extremely splits the digital currency community.”

 

 

 

 

 

 

 

 

 

 

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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