One of the main supporters of Bitcoin Cash, Jesus do Bitcoin and owner of the Bitcoin.com portal, Roger Ver, in response to the threat of a process over the use of the word "Bitcoin" in relation to the August fork, published a comparative analysis of the characteristics of Bitcoin, which he calls Bitcoin Core, and Bitcoin Cash.
Ver began the story with a discussion that surfaced on Twitter this week between Bitcoin Cash advocates and Bitcoin apologists. The subject of the dispute is the criteria by which it is possible to determine which version of Bitcoin can be called the real.
He gave special emphasis to the position of Erik Voorhees, who stated that Bitcoin Cash can not and will never be a real Bitcoin, since it is not the chain with the greatest hashrate.
"I think this is a very myopic view. I do not think a string with the largest hashrate is the only inherent feature of the actual Bitcoin. In my opinion, there are several criteria of this type, "said the owner of Bitcoin.com in his video message on Youtube. VER emphasizes that Bitcoin's WhitePaper says it's an electronic P2P payment system. In his opinion, this is the main definition of Bitcoin.
"The Bitcoin Core team even laughed at the idea that Bitcoin should play a role of money. This goal is obviously pursued only by Bitcoin Cash, "he explained. The owner of Bitcoin.com added that Bitcoin completely loses to Bitcoin Cash in parameters such as low commissions and quick payments. At the same time, he pointed out that Bitcoin does not offer reliable payments, unlike Bitcoin Cash.
"On the Bitcoin.com site, you can get 10 cents in a BCH equivalent for free, which is not possible with Bitcoin Core, where the commission will exceed that amount. And even if you get them, you will not be able to use them, "he said.
After these words, VER turned to the "commandments" of Satoshi Nakamoto at the Bitcointalk forum, where the creator of Bitcoin wrote about the need for on-chain sizing. According to this parameter, he said, Bitcoin Cash also leaves Bitcoin behind.
In addition, Satoshi spoke about the need to introduce irreversible payments, processed by a special mechanism in just 10 seconds, without waiting for confirmation.
And again, VER emphasizes that Bitcoin does not have this solution, whereas in Bitcoin Cash's Blockchain, this is already possible. In his opinion, Bitcoin Core is extremely hostile to this idea, although it was offered by Satoshi himself in 2010. Bitcoin's WhitePaper, continues the hardfork apologist of August, talks about the chain of digital signatures; VER says that the Segregated Witness protocol has changed this fundamental feature in Bitcoin, but emphasizes that it still exists in Bitcoin Cash.
Roger Ver also pointed out that Bitcoin Cash has added or reactivated some of the opcodes and scripting capabilities that Bitcoin Core, he says, is equally hostile. He added that in both Bitcoin and Bitcoin Cash, there is the SHA-256 hash function, where each processor corresponds to one vote. The only thing Bitcoin Cash loses, according to the Bitcoin Jesus, is in the accumulation of the greatest hashrate.
"I think a chain with the highest hashrate is as important a feature as the P2P payment system. However, the latter parameter may even be more important, "he said. As a result, if these parameters have 5 points of importance each and the other parameters correspond to 1 point, Bitcoin Cash, according to the classification of Ver, meets the requirements of a true Bitcoin in 68% of the cases, while Bitcoin (BTC), by only 32%.
"I'm not saying that Bitcoin Cash is the only true interpretation of Bitcoin, but I do not think Bitcoin Core is that interpretation either," explained Ver. He emphasized that he does not consider names a strong argument, and that no one forces anyone to use Bitcoin Cash.
"I think in the future, Bitcoin Cash, has every chance of becoming the chain with the biggest hashrate," said the owner of Bitcoin.com.
Ver began the story with a discussion that surfaced on Twitter this week between Bitcoin Cash advocates and Bitcoin apologists. The subject of the dispute is the criteria by which it is possible to determine which version of Bitcoin can be called the real.
He gave special emphasis to the position of Erik Voorhees, who stated that Bitcoin Cash can not and will never be a real Bitcoin, since it is not the chain with the greatest hashrate.
"I think this is a very myopic view. I do not think a string with the largest hashrate is the only inherent feature of the actual Bitcoin. In my opinion, there are several criteria of this type, "said the owner of Bitcoin.com in his video message on Youtube. VER emphasizes that Bitcoin's WhitePaper says it's an electronic P2P payment system. In his opinion, this is the main definition of Bitcoin.
"The Bitcoin Core team even laughed at the idea that Bitcoin should play a role of money. This goal is obviously pursued only by Bitcoin Cash, "he explained. The owner of Bitcoin.com added that Bitcoin completely loses to Bitcoin Cash in parameters such as low commissions and quick payments. At the same time, he pointed out that Bitcoin does not offer reliable payments, unlike Bitcoin Cash.
"On the Bitcoin.com site, you can get 10 cents in a BCH equivalent for free, which is not possible with Bitcoin Core, where the commission will exceed that amount. And even if you get them, you will not be able to use them, "he said.
After these words, VER turned to the "commandments" of Satoshi Nakamoto at the Bitcointalk forum, where the creator of Bitcoin wrote about the need for on-chain sizing. According to this parameter, he said, Bitcoin Cash also leaves Bitcoin behind.
In addition, Satoshi spoke about the need to introduce irreversible payments, processed by a special mechanism in just 10 seconds, without waiting for confirmation.
And again, VER emphasizes that Bitcoin does not have this solution, whereas in Bitcoin Cash's Blockchain, this is already possible. In his opinion, Bitcoin Core is extremely hostile to this idea, although it was offered by Satoshi himself in 2010. Bitcoin's WhitePaper, continues the hardfork apologist of August, talks about the chain of digital signatures; VER says that the Segregated Witness protocol has changed this fundamental feature in Bitcoin, but emphasizes that it still exists in Bitcoin Cash.
Roger Ver also pointed out that Bitcoin Cash has added or reactivated some of the opcodes and scripting capabilities that Bitcoin Core, he says, is equally hostile. He added that in both Bitcoin and Bitcoin Cash, there is the SHA-256 hash function, where each processor corresponds to one vote. The only thing Bitcoin Cash loses, according to the Bitcoin Jesus, is in the accumulation of the greatest hashrate.
"I think a chain with the highest hashrate is as important a feature as the P2P payment system. However, the latter parameter may even be more important, "he said. As a result, if these parameters have 5 points of importance each and the other parameters correspond to 1 point, Bitcoin Cash, according to the classification of Ver, meets the requirements of a true Bitcoin in 68% of the cases, while Bitcoin (BTC), by only 32%.
"I'm not saying that Bitcoin Cash is the only true interpretation of Bitcoin, but I do not think Bitcoin Core is that interpretation either," explained Ver. He emphasized that he does not consider names a strong argument, and that no one forces anyone to use Bitcoin Cash.
"I think in the future, Bitcoin Cash, has every chance of becoming the chain with the biggest hashrate," said the owner of Bitcoin.com.