Bitcoin Cash was listed on Coinbase yesterday and the price enjoyed a violent move upwards. This was all telegraphed and predictable. There are a lot of retail investors looking for crypto exposure and Coinbase is a primary onramp for fiat. So, Christmas came early as I expected BCH to be listed closer to January 1st. Epic winship for anyone who followed me into BCH. Congrats.
And the result is the Bitcoin Core community has reached a new ATH in Butthurt. It’s amazing. To say Crypto Twitter is Bitter is the understatement of the year. I wrote about the division in Bitcoin in previous posts but if you’re new to Crypto Bitcoin Core has been in control of the development and direction of Bitcoin for ~2 years. When Bitcoin Core decided to change the Bitcoin protocol in fundamental ways in August 2017 a group of people created Bitcoin Cash to keep Bitcoin as Bitcoin. Now Bitcoin Cash is enjoying success as a healthy network capable of faster transactions and lower fees than Bitcoin Core and it’s being reflected in a rapid price/value appreciation. This is a great site for visual representation of the performance of the two networks.
The result of yesterday’s Coinbase release is those who adhere to Bitcoin Core are exceptionally salty about Bitcoin Cash’s success. Here’s a few samplings:
If you paid $8K for #BCash you deserve to be poor
— Zissou™ (@ZeusZissou) December 20, 2017
Been a busy day. On calls/emails with Number of Investors:
– BCash is a PUMP
– Supported by "Clown Developers"
– Pumped by Ex-Cons & FakeSatoshi
– Massive Credibility Issue
– Coinbase with "Houdini News" is PLAIN WRONG. Story NOT over!
– PS Picture worth a thousand words pic.twitter.com/XzPI3C0vCx
— George Kikvadze (@BitfuryGeorge) December 20, 2017
— HODL To The Moon (@HODL_ToTheMoon) December 20, 2017
Several people also posted screenshots of their online filing to the SEC complaining about Coinbase listing Bitcoin Cash. BTC, the honey badger of crypto, has become an echo chamber of righteousness in which the horeshit above is nurtured and encouraged.
Bitcoin Core’s network is getting slower and more expensive every day. The Bitcoin Cash community is moving forward with plans for increased user and merchant adoption. 2018 will be a great year.
Here’s a video for the BCH haters:
Your Vag = BTC
My Vag = BCH