In light of the mess made of the November 15 Bitcoin Cash upgrade and the billions of dollars knocked out of the overall cryptomarket as a result of Bitcoin ABC's reckless behaviour, we're asking cryptocurrency exchanges to delist Bitcoin ABC until they implement replay protections on their chain.
On Thursday, a lawsuit was filed in Florida’s Southern District against a group of cryptocurrency heavyweights alleging intentional fraud and market manipulation surrounding the recent Bitcoin Cash BCH update.
The cryptocurrency world was rocked Thursday by the announcement of a huge lawsuit that was launched by United American Corp. (UAC) against a large number of Bitcoin Cash BCH supporters.
Bitmain, its co-founder Jihan Wu, along with his “team of conspirators” including Bitcoin.com CEO Roger Ver, ABC lead developer Amaury Sechet, Kraken and its CEO, Jesse Powell, will have a lot to answer for. On Thursday, a lawsuit was filed before the U.S. District Court for the Southern District of Florida accusing the group of fraud and market manipulation.
In a lawsuit filed on Thursday December 6th in the United States District Court for the Southern District of Florida, United American Corp. a Florida Company, petitioned the court for emergency injunctive relief citing losses stemming directly from the Bitcoin Cash fork that began on November 15, 2018.
Bitcoin SV (BSV) is continuing to develop the blockchain in accordance with what cryptocurrency was meant to be – a peer-to-peer digital currency – in an effort to ensure that crypto fulfills its reason for existence.
Not much is known about this project supposedly based off Bitcoin SV. On GitHub, the team behind this project said they are “launching soon,” noting that “our fork of Wormhole is in active development.”
If the only defence of your policies is to silence your critics, the chances of your ideas being the wrong ones are pretty high.
ABC is currently open to being maliciously hard forked. If an attacker controls more than 50% of the processing power driving the ABC blockchain, they can submit a set of 10 blocks to the network by reorganizing the ten honest blocks.
At the Bitcoin BCH Miners Choice Summit last November 2, Dr. Craig Wright discussed what Bitcoin was meant to be, and why miners should support the original Satoshi Vision for Bitcoin by mining with Bitcoin SV and joining SVPool.
At the CoinGeek-sponsored Bitcoin BCH Miners Choice Summit in Hong Kong last November 2, nChain’s Jimmy Nguyen and Steve Shadders took the stage to explain the four pillars on which Bitcoin SV sits: stability, scalability, security, and safe and instant transactions.