Bitrefill’s John Carvalho Labels Bitcoin Cash (BCH) an Inflated Centralized Garbage Network
John Carvalho is the CCO of Bitrefill and a big-time advocate, he has often been heard criticizing hard-forked coins of Bitcoin. The latest forked coin that has seemed to got Carvalho’s attention is Bitcoin cash (BCH).
Carvalho believes BCH is just a counterfeit currency of Bitcoin and has no value of its own. He went on to call the BCH network inflated centralized garbage. His latest Tweet about BCH read,
“Bcashers argue against BTC scaling with a punchline of “buy more BCH!” Kinda embarrassing, but they chose a future of begging for liquidity.”
Carvalho’s Twitter rant about BCH did not go unnoticed, as he got numerous response form BCH supporters who reminded him that Bitcoin has become miserable in recent years and cannot cope with the demand.
One such response was from Peter R Rizun, the Chief Scientist at Bitcoin Unlimited, who stated that the second layer solutions like the Lightning network, which has been endorsed by numerous Bitcoin bulls in the decentralized space is quite complicated and does not seem to end the woes like scalability and high transaction fee on the Bitcoin network.
Rizun went on to add that as the users and number of mined coins increases, it would also lead to bigger transaction blocks which would only add to the already miserable conditions on the BTC network.
He claimed that forked coins like BCH are well prepared and technically advanced to become the preferred coin for use. BCH forked from the main BTC network over increasing the block size accommodate the growing demand and keep the network fast and agile as per the changing times. Rizun’s Tweer read,
This will kick off two competing dynamics within BTC: voice and exit. Some will voice the need for a block size limit increase, while others will exit to BCH as the path of least resistance. Whether BCH flippens BTC at this point will depend on which dynamic is stronger.”
The Chief scientist believes that BCH is more dynamic and not resistant to change as per the demand of the community. He said BCH has more positive aspects to it which would peg it past the pioneer's Bitcoin in the long run.
The War of Words Between BTC & BCH supporters Follows
As it is the case, the tweet by John Carvalho started a war of words and trolling between the supporters of the two networks. As soon Rizun reminded Carvalho about the shortcomings of the BTC network, BTC fans started trolling BCH by calling it cheap because it's less valuable. And the blame game continued on for quite some time.
John Carvalho being an avid Bitcoin bull has been all in for Bitcoin scalability solutions and even went on to claim that the lighting network is a trailblazer. The CCO has been quite vocal about his dislike towards the Bitcoin forked coins calling them a sham, scam and a huge waste of time and money.
His displeasure is quite understandable given the fact that cryptocurrency space has different groups and fans avidly invested in own’s network, not much different from the sports fanship.
Bcashers argue against BTC scaling with a punchline of "buy more BCH!" Kinda embarrassing, but they chose a future of begging for liquidity. BCH are counterfeit BTC. Bcash network is inflated centralized garbage. https://t.co/IYJE7Oel6u
— John Carvalho (@BitcoinErrorLog) April 22, 2019
Among these groups, the Bitcoin proponents share a common belief that any forked coin is not a true cryptocurrency since it did not originate from the genesis block and all of its coins are not mined.
Bitcoin enthusiasts go on to compare forked coins to fiat since just like fiat even forked coin’s circulation supply are not all mined as they get it from the main network they have forked from. Some even say that these coins are piggy riding on the success and popularity of Bitcoin.