US Government Claims Bitcoin Cash (BCH)Is ‘Original’ Bitcoin and not the coin we know as 'BTC'

In a rather bizarre report which has come out of National Institute of Standards and Technology under the US Department of Commerce, the authors Dylan Yaga, Peter Mell, Nik Roby and Karen Scarfone state that the world which knows Bitcoin as (BTC) is no longer the original one created by Mr. Satoshi, but rather it is Bitcoin Cash (BCH) which is currently the original Bitcoin. They also say that post the fork.

There is already a lot of FUD in the market these days with a lot of news changing track once it creates a flutter in the prices and this report does not help at all considering that Bitcoin Cash was intended to be the offset of the original Bitcoin.

“Technically, Bitcoin is a fork and Bitcoin Cash is the original blockchain. When the hard fork occurred, people had > access to the same amount of coins on Bitcoin and Bitcoin Cash.”

Needless to say the document (It's a long paper!!)will further create a stir in a already bad month for the crypto giant.

What's your take on this subject?

Source

Sort:  

This post received a free Upvote. Get your free Upvote NOW! Just follow @freeupvote

If the government is saying get into BCH, then that's scary, right?
But maybe they are using reverse psychology?
Also the verbiage on the report itself is suspect, using phrases like "they started calling..."; anyone can 'call' something anything they want-- who can verify that?

Probably best to just avoid both of them, and find a better crypto which is more private.

Coin Marketplace

STEEM 0.27
TRX 0.13
JST 0.032
BTC 61451.22
ETH 2929.56
USDT 1.00
SBD 3.65