When the history books are written, it’s debatable whether BitConnect will be considered the biggest crypto scam of all – as unquestionably, more money was lost in BCash. Perhaps its lunatic “leader” Roger Ver actually believed his own BS that BCash could usurp Bitcoin by forking off and increasing the block size; even more so, once he realized the manipulative power, and insider trading profits, he could garner by partnering with the world’s largest BTC miner, Bitmain - and building a troll army that included garden variety morons, high powered manipulators like CNBC, and major exchanges like Coinbase.
Alas, it was quickly proven that on-chain scaling is impossible; as was the fantasy that a network effect could be generated merely by forking off Bitcoin and making up lies. Thus, BCash fell into limbo – supported solely by Ponzi scheme buying of Bitmain; lingering Roger Ver groupies; and traders willing to buy anything during altcoin rallies. Hash rate plunged; Bitmain was exposed; and the entire chain could have been destroyed by a bug, if not for the discretion of the Bitcoin Core developer who found it.
BCash TWICE forked in its first six months of existence – as the “leadership committee” of Ver and Bitmain’s Jihan Wu tried to patch the cancerous BCash code. Subsequently, as its value, and use case lies were destroyed, its “team” started to splinter. Craig “Faketoshi” Wright threatened to fork BCash into a new coin called BCash-SV, or “Satoshi’s Vision” – which is hilarious, given that the original BCash was originally deemed Satoshi’s Vision….
https://cryptogoldcentral.com/2017/11/24/the-true-visions-of-satoshi-and-hasbro/
…and a third faction of “BCash developers” – which I put in quote, as there are so few to start with – aims to fork BCash on November 15th, into a new coin called BStash…which will be merge-mined with Bitcoin to make it more “stable”; i.e., the ultimate genetic mutation experiment. No one will use it, of course, but BCash holders will get it.
https://bitcointalk.org/index.php?topic=5043802.0
To that end, I’m not sure what is more moronic – the fact that BCash prices surged yesterday “due to the fork” when barely a year ago, Bitcoin was plunging on fears of a contentious hard fork…let alone, the two BCash is about to endure….
https://www.ccn.com/bitcoin-cash-price-jumps-10-after-binance-bitcoin-com-reveal-hard-fork-plans/
…or the fact that Bitcoin actually plunged (albeit, modestly) this morning simultaneous with a 5% BCash surge. You’d think we were in crypto’s “ancient times” of 1H 2017, when some (foolish) investors actually believed BCash could “gain market share” from Bitcoin, in any aspect whatsoever.
https://twitter.com/Andy_Hoffman_CG/status/1058685395657928704
- Andy_Hoffman_CG
The way I see it, BCash’s fraudulent “use cases” are so dead, whatever bump it gets relative to Bitcoin, for any reason, will shortly dissipate. Unless of course, a new altcoin bubble emerges a la early 2018, in which all manner of crypto crap will do well – let alone, actual QUALITY altcoins like the soon-to-be-exchange-launched BRhodium…which at current mining rates, should be trading in mid-November.
https://twitter.com/Andy_Hoffman_CG/status/1058697536616026112
- Andy_Hoffman_CG
As for BCash, the hatred I have for the scum that created it is unparalleled in any aspect of crypto – even my hatred of Tone Vays. I look forward to BCash, BStash, and BCash-SV all miserably failing relative to Bitcoin – and at least two being absolute failures, too - akin to dead crypto fork scans like Bitcoin Private.