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Coinbase Should Stop Selling Bitcoin Cash (BCH). Seriously!

tl;dr: Bitcoin Cash (BCH) is marketing itself as Bitcoin (BTC), scamming consumers into thinking they are buying Bitcoin at a lower price. Its backers use at least three sites to perpetuate this…

Article posted 1 year ago

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Ben Tossell
It's a pretty interesting argument actually!

tl;dr: Bitcoin Cash (BCH) is marketing itself as Bitcoin (BTC), scamming consumers into thinking they are buying Bitcoin at a lower price. Its backers use at least three sites to perpetuate this scam—Bitcoin.com, Reddit (r/BTC) and Twitter (@Bitcoin). Scams have no place on Coinbase, perhaps the best-known American digital asset exchange. But by adding Bitcoin Cash alongside its three other assets, Coinbase has helped legitimize BCH’s scam, inviting a regulatory crackdown in this industry’s early years.
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Alexander Isora
@bentossell yeah. I'm pretty much against BCH. Those guys (Jihan Wu, Roger Ver) created their own 'Bitcoin' and want the world to believe that bcash is the real Bitcoin.

That sux :\
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Nick Neuman
@bentossell @Alexander-Isora

I think there's room for BTC and BCH to co-exist, and I find the fight between them completely ridiculous. But let me pose a devil's advocate argument for BCH's "scamming"...

Technically, BTC does not have ownership forever and ever over the name Bitcoin. That's part of the deal by being an open source, decentralized project - you can't copyright a name (or at least I'm pretty sure you can't). In the Bitcoin whitepaper, it states that the chain with the longest proof of work is the true chain.

"Proof-of-work is essentially one-CPU-one-vote. The majority
decision is represented by the longest chain, which has the greatest proof-of-work effort invested
in it. If a majority of CPU power is controlled by honest nodes, the honest chain will grow the
fastest and outpace any competing chains." - Bitcoin whitepaper

If BCH is able to outcompete BTC and become the longest chain, shouldn't they have a right to call themselves Bitcoin? If yes, then what happens if they fully accept the "Bitcoin Cash" brand now, and then later want to switch back to "Bitcoin" after they "win" the proof of work competition? That would be tough IMO.

But you can say that via the same argument, that since they don't have the longest proof of work chain *right now*, they shouldn't call themselves Bitcoin. To which I say... I have no answer :). But it's interesting to think about.
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