Crypto Community Calls for @Bitcoin Twitter Account Suspension for Defrauding People
Back in April 2018, the @Bitcoin account was suspended and now the crypto community wants it to be suspended again on the grounds that the user is misleading and defrauding people. This could be far more grievous for the newbies of the market that aren’t well versed with the different cryptocurrencies.
The anonymous owner of the account supports Bitcoin Cash (BCH), a rival and fork of the flagship cryptocurrency Bitcoin (BTC). Some of the Bitcoin Cash supporters suggest BCH is in fact that real Bitcoin as it can hold a greater number of transactions per block and has a much smaller fee. This feud between BTC and BCH supports have been going on for a long time.
Twitter should suspend the @bitcoin account for good like they did with @internet. Some decentralized technologies shouldn't have a Twitter account, no matter who owns it. No single person can speak for Bitcoin. https://t.co/yoXATOuRwO
— Hasu (@hasufl) April 20, 2019
Bitcoin is the leading cryptocurrency with a market cap of $93 billion while BCH has one-eighteenth of the top digital currency’s market cap at just about $5 billion, according to Coinmarketcap.
The @Bitcoin twitter account should be suspended like the @internet account.
The account was sold which is against ToS.
The account is actively involved with defrauding people. It really is that simple.https://t.co/Innp81a2GW
— WhalePanda (@WhalePanda) April 21, 2019
In mid-2017, amidst disagreement over increasing the block size limit of Bitcoin, a hard fork took effect on 1st August 2017 that created BCH. The technical differences among both being Bitcoin Cash allow for larger blocks in its blockchain and in theory, allows the processing of more transactions per second.
“The BTC maxis especially don't like when I point out the obvious contradiction in promoting censorship-resistance as a fundamental value while also going around abusing Twitter's report function to deplatform voices they don't like. Twitter CEO Jack is aware and is complicit,”
wrote @Bitcoin account user a few hours back.
The Bitcoin Cash account named Bitcoin suggests her haters have some kind of identity based jealousy. Very ironic. https://t.co/jZNWMTBfHV
— CO฿IE-WAN KENOBI (@CryptoCobain) April 21, 2019
Previously, a similar fight between BTC supporters and Roger Ver, an early investor in Bitcoin related startups and supporter of BTC adoption who now promotes BCH, and his website Bitcoin.org, on the similar grounds that it is defrauding and mislead people into believing that BCH is Bitcoin. There have also been reports of users end up buying BCH via Bitcoin.org when they wanted to invest in BTC. Back in April 2018, hundreds of people filed a lawsuit against him and website but were later canceled due to lack of funds.
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