Bitcoin Jesus and Bitcoin Cash representative, Roger Ver, has been coined as a fraudster once again as a result of his and his websites move to try and deceive new investors into thinking Bitcoin Cash is the real Bitcoin.
Now, without getting too deep into the Bitcoin Core vs Bitcoin Cash argument (we’re not on anyone’s side here), we see two clear investment opportunities for new investors, one called ‘Bitcoin’ and one called ‘Bitcoin Cash’.
Bitcoin, is valued at around $6,000.00 at the moment, Bitcoin Cash is valued at $500.00 (thereabouts). As a new investors, you choose to invest in whichever you want, based on what you can afford and of course, based on which you think will offer the best returns.
What’s the problem here?
The problem is that the Bitcoin website, Bitcoin.com shows a clear preference to Bitcoin Cash as the real Bitcoin. Now to a new user who wants to invest in ‘Bitcoin’ this is very misleading and almost fraudulent. What the website does, is it sends users into a sense of doubt, none of them seem to be able to work out which currency is the one they intended to invest in from the outset. It’s not direct fraud, but it’s pretty deceitful.
It’s only after some tedious digging around the website, where you will find this, something that seems to act as an admission to the fact that Bitcoin.com, is actually more like BitcoinCash.com:
“(Update: Bitcoin Core is less usable as money due to much higher fees and delayed transaction times. The Core team has also expressed an interest in keeping these fees high since they view BTC as a “store-of-value” and not something to be transacted on a daily basis. In contrast, Bitcoin Cash’s transaction fees cost pennies and payments can be validated even with zero confirmations. These facts make BCH the ideal cryptocurrency for sending and receiving money anywhere in the world.)”
See more for yourself, here.
Ver has defended himself and his company against allegations like this in the past, one such event recently occured which involved deceit within the Bitcoin.com, ‘Bitcoin wallet’. According to Coingape.com, Ver defended himself, stating that he only ever wants to make Bitcoin Cash, Bitcoin’s equal in terms of it’s mainstream exposure. The following is an example of a Reddit comment, made against Ver, one of many in fact:
“It is an attempt to put BCH on equal footing with BTC, which a lot of people have a problem with, considering BCH is basically co-opting the Bitcoin name for it’s brand recognition and Roger Ver is pushing for a movement wherein Bitcoin is referred to as Bitcoin Core so that it’ll be easier to make “Bitcoin Cash” and “Bitcoin Core” seem like equals, so that a further push can insist Bitcoin Cash is the Bitcoin while Core is a failed experiment. While the wallet doesn’t do all that, it puts BCH and BTC on equal footing which many think is a slippery slope, especially considering how vile Roger Ver has been in so many of his previous actions, and how awful the /r/btc sub is in general.”
See more for yourself, here.
What do we think of all this?
Well, it’s dangerous and unethical isn’t it. For new investors when they see the markets, there are two Bitcoins, Bitcoin and Bitcoin Cash. Honestly, it doesn’t matter who came first, what matters is that investors are getting their choices right. If they go to Bitcoin.com, but are then led to purchase Bitcoin Cash, thinking it is Bitcoin, and then read an article about Bitcoin flying up to $20k, then go on and pump their life savings into the Bitcoin Cash (that they thought was Bitcoin) and in turn lose their investment, it’s hardly fair is it?
Of course, we’d never recommend putting your life savings into any cryptocurrency, you get the point though. Veris behaving recklessly, it’s only a matter of time before someone gets hurt because of this.