Roger Ver and Calvin Ayre are the Bitcoin cash proponents have announced a plan re-brand bitcoin cash as “bitcoin” by using their influence and wealth.
Earlier, a bitcoin investor Ver once nickname “Bitcoin Jesus”, has acquired the rage of the bitcoin community over past few years. Instantly, it was due to his support for contentions hard forks combined with the evolving block size debate.
Meanwhile, a billionaire entrepreneur Ayre , made his affluence by founding an internet gambling and entertainment empire. However, he entered the crypto space several years and owns few small crypto news outlets.
In a joint statement, variations of which were publishes on each of the entrepreneurs’ websites, Ayre and Ver announces that they consider bitcoin cash to be the true to Satoshi Nakamoto’s vision. Therefore, will begin referring to it’s as “bitcoin”. Now onwards, their website will describe the incumbent blockchain as the SegWit chain that will be divides into SegWit1x (SW1) and SegWit2x (SW2) following the November hard fork.
“Bitcoin Cash is Bitcoin,” one variation of the statement declares, “over its adherence to the design goals and intend purpose that Bitcoin was creates to fulfill”.
Related Coverage: Midst of Segwit2x drama Bitcoin cash gains more infrastructure
Particularly, Bitcoin cash purports to be the fulfillment of Satoshi’s version of bitcoin is not new. The official website of Bitcoin cash claims no uncertain terms. However, acknowledging that bitcoin cash is a separate cryptocurrency from the incumbent bitcoin blockchain. Therefore, it developers added “cash” to its name to prevent confusion.
The original properties of bitcoin is no longer recognizable:
“Bitcoin Cash (BCC) is the only fork of Bitcoin that resembles a natural continuation of the original Bitcoin invention. All Segwit chains have altered so many fundamental properties of Bitcoin. Seemingly a stretch to refer to any of them by the Bitcoin name”.
Moreover, the end result of the November hard fork, is highly unlike that bitcoin cash will emerge as “bitcoin”. Nonetheless, the announcement triggers a brief bitcoin cash price rally. Even though this advance evaporates during Tuesday’s comprehensive crypto market pullback.