Bitcoin.com And Bitcoin Cash: Enough Is Enough?
The dedicated Telegram group made up of organizers and those who have lost money due to the cryptocurrency news and information outlet’s practices current holds 1016 members at press time April 30.
The group has existed less than a week, but already features well-known cryptocurrency figures including Charlie Shrem and Richard Heart, as well as Nakamoto Institute founder Pierre Rochard and entrepreneur Alistair Milne.
Aiming to take Bitcoin.com to court in its registered jurisdiction – the Caribbean nation of St. Kitts and Nevis – the group focuses on a widely-held belief that the resource has deliberately misled users into buying an altcoin instead of Bitcoin itself.
Roger Ver, Bitcoin.com’s owner and staunch BCH supporter, has frequently claimed outright that “Bitcoin Cash is Bitcoin.”
Despite even long-time supporter ShapeShift CEO Erik Voorhees publicly asking Ver to stop the practice last week, the lawsuit has its motivation elsewhere.
Roger – please stop referencing me to back up your opinion that Bitcoin Cash is Bitcoin. It isn’t. Bitcoin is the chain originating from the genesis block with the highest accumulated proof of work. The Bitcoin Cash fork failed to gain majority, thus it is not Bitcoin.
— Erik Voorhees (@ErikVoorhees) April 27, 2018
Users Line Up With Bitcoin.com Horror Stories
Last week, website redesigns saw Bitcoin.com, which began its BCH-focused efforts in Q3 2017, publish what participants say is its most misleading content yet.
Having previously referred to ‘Bitcoin (BTC)’ and ‘Bitcoin Cash (BCH),’ the site’s block explorer now labels the two cryptocurrencies ‘Bitcoin Core (BTC)’ and BCH simply as ‘Bitcoin.’
“Everybody is frustrated and outraged plus you have victims now losing money because of it,” the lawsuit’s main organizer MoneyTrigz explained. “[Bitcoin.com] crossed the line, and we’re pushing back legally.”
The effort has been inundated with testimonials from users who say they lost funds as a direct result of engaging with Bitcoin.com’s pseudo-Bitcoin content.
Others confirm downloading the current incarnation of the site’s wallet gives users a Bitcoin Cash wallet while describing it as ‘Bitcoin’ – a move apt to trick the user into sending BTC funds to a BCH address and losing them…