Gavin Andresen is the latest significant player in bitcoin to pledge support for bitcoin cash, referring to it as the chain most true to Satoshi’s original vision. In a tweet published on the 12th of November, Andresen has emphasized his belief that the high fees associated with BTC are undermining it as an effective means of exchange.
“Bitcoin Cash Is What I Started Working on in 2010: A Store of Value and Means of Exchange.”
Former lead developer for bitcoin, Gavin Andresen, has thrown his support behind bitcoin cash. In a recent tweet, Andresen has published a comment effectively describing bitcoin cash as the successor to his early work on the bitcoin project.
Andresen’s tweet speaks to the core utilities requisite of a money commodity, emphasizing the threat the high fees pose to bitcoin’s core mission of providing a fast and frictionless decentralized means of payment that is available for use by all. For many, without facilitating reduced barriers to access and ease of use for microtransactions, bitcoin runs the risk of principally being employed as a speculative asset used by individuals able to justify the significant costs now associated with making transactions. The tweet comes shortly after numerous businesses announced that they would be supporting bitcoin cash rather than BTC due to reduced fees…