UnitedCorp Crypto Mining Firm Sues BCH Proponents, Not Working with Craig Wright or Calvin Ayre
Recently, crypto news site CCN reported on UnitedCorp’s pending lawsuit against the largest proponents of Bitcoin Cash currency, including Bitcoin.com, Bitmain, Roger Ver, Jihan Wu, and Kraken Exchange. The suit alleges that these entities “hijacked” Bitcoin Cash, an offshoot of the Bitcoin blockchain with major differences in computational methods and hash power. The lawsuit took many in the crypto space by surprise, spurring a heated debate on the nature of the origins of one of the biggest forked blockchains in the history of the industry.
Now the news site has been able to secure an exclusive interview with the company’s Vice President of Corporate Affairs, Lawry Trevor-Deutsch. Dispelling several of the rumors swirling about the cryptocurrency and blockchain community regarding the nature and future of the pending suit against these crypto powerhouses. The company contends that their intention to help and assist the development of technology for Bitcoin miners led them to work on developing Bitcoin Cash, an idea which was hijacked and expanded by the defendants in the lawsuit.
The future of the blockchain company is up in the air, as is the outcome of this lawsuit. But the contents of the CCN interview should be pretty telling regarding what is to come in what might become a lengthy legal battle.
BlockchainDomes is the most significant project coming out of the company in 2018. According to Trevor-Deutsch, the project is servicing over 5,000 mining rigs, providing energy to customers using a sustainable energy-consumption model pioneered by the company’s engineers. In the future, he outlined that their mining tech and products could be expanded, potentially being sold all over the world in remote places in need of vast amount of energy for major mining operations.
The mining facility business model has become incredibly effective and expansive in recent years, while public opinions remain relatively polarized. Some argue that mining facilities and their providers are a valuable asset to the crypto space, while others highlight environmental concerns as a reason to discourage the proliferation of massive mining operations in the growing ecosystem.
A Complicated Issue
At its core, lawyers from this firm argue that the listed defendants attempted to centralize the previously decentralized cryptocurrency Bitcoin Cash. Some within the community argue that this interpretation—that the development of the open source product is somehow unjust—goes against the very idea of what decentralization and cryptocurrency ought to be about.
But from the company’s perspective, the interviewee contended that the primary concern has nothing to do with the underlying philosophies of the market, but everything to do with the ways that the listed group of individuals might have violated the perceived “rules” of cryptocurrencies like Bitcoin.
Regardless of the outcome, this case will be a tremendous milestone for the cryptocurrency community, particularly in the United States. The courts will be asked to deliberate what might happen when someone is accused of making a decentralized system into a centralized one, among other considerations. In any case, this is an important suit to watch.