As part of a now time-honored tradition, Bitcoin Cash influenced Bitcoin news site Bitcoin.com, has launched a renewed campaign to assert that Bitcoin Cash is the ‘real’ Bitcoin.
Titled ‘The Story of How Bitcoin was Compromised,’ the May 12th Bitcoin news article, is the most disingenuous attempt yet by Bitcoin.com, to adversely influence the Bitcoin price. What is most worrying about the latest piece of Bitcoin.com BCH propaganda, though, is that it comes just days after researchers exposed a critical security flaw in the Bitcoin Cash blockchain.
How Bitcoin.com Became The No.1 Fake Bitcoin News Platform
For those not familiar with Bitcoin.com, the former (balanced) Bitcoin news site was registered in 2008 and bought by former Bitcoin entrepreneur Roger Ver in April 2014.
Relaunched in 2015, Ver originally used Bitcoin.com to help grow the Bitcoin network via regular Bitcoin news. This and the site's rollout of a leading Bitcoin wallet app. Where problems start, however, is with the fact that in December 2017, Roger Ver publicly announced selling all of his Bitcoin in favor of investing instead in Bitcoin Cash.
Needless to say, the still Ver owned Bitcoin.com news site has since been the foremost source of pro-Bitcoin Cash news media.
Has the Bitcoin Blockchain been Compromised?
Bitcoin news readers not familiar with Bitcoin.com’s BCH affiliation, will no doubt be alarmed by news that the Bitcoin blockchain has been compromised. The good news, though, is that nothing could be further from the truth.
Key Security Flaws Which Bitcoin Cash is Attempting to Detract From
In the ultimate show of an Emperor having no clothes, the most damning aspect of Bitcoin.com’s recent article is that it comes just days after a critical security flaw was discovered in the Bitcoin Cash blockchain.
As reported by ZDNET, a critical flaw in the Bitcoin ABC protocol used by Bitcoin Cash, could see a user submit an invalid transaction, after which every other BCH transaction would become invalid. If this were to happen, Bitcoin Cash would, therefore, be forced to fork into a new cryptocurrency upon which transactions would still be valid. - This and do the same over and over if a malicious party attempted to hack the new network in the same way.
Why the Bitcoin ABC Flaw Only Affects Bitcoin Cash
When Bitcoin Cash forked from Bitcoin, a small group of developers and miners, essentially copied and isolated the then Bitcoin blockchain. As a result, the Bitcoin Cash network has not received any recent updates from Bitcoin Core developers. The current Bitcoin ABC vulnerability is, therefore, specific to Bitcoin Cash, due to the fact that Bitcoin Cash is still using a much older version of this protocol than Bitcoin.
How Roger Ver is Helping Dig Bitcoin Cash’s Own Grave
Over the past 5-months, Bitcoin.com has pushed so many ant-Bitcoin propaganda pieces, that in April, members of the Bitcoin community made plans to file a lawsuit with the site.
Sadly, the group pushing forward with this has been forced to withdraw due to the cost. However, the behavior of the Bitcoin Cash community itself should, nevertheless, be of significant concern to Bitcoin Cash investors.
Of course, with Roger Ver being one of the world’s biggest investors in Bitcoin Cash, Bitcoin.com will likely not stop publishing fake Bitcoin news any time soon. The only question is, how long will it be before BCH investors lose everything due to lack of BCH development in favor of the cryptocurrency’s anti-Bitcoin propaganda gymnastics?