Hi guys, I've been distancing myself from cryptos for a while, but have been recently trying to get into it again.
So I've heard about the Bitcoin Cash fork deal, but could someone please summarise (as objectively correct as possible) what the whole fuzz with the two ultra autists Roger Ver and Craig Wright is? (And maybe also explain who Jihan Wu is, and whether he's important for Bitcoin or not)
There are so many shitty blog posts and obvious subjective news articles about these guys floating around (as always in the crypto space unfortunately) that I couldn't be bothered to keep up.
I think it's safe to assume that both of these guys are con artists?
Was this fight between them (and the uncertainty behind Bitcoin / Bitcoin Cash) the reason, crypto dipped?
Lastly, if you could point me to some serious, objectively correct and uptodate news sources in the crypto space, I'd be -really- thankful.
You are already brainwashed. Go back to wherever you came from. CSW is obviously a con. There is no proof is satoshi and he keep saying it. No one has huge baseless claims so you are just making accusations with no information. You sound like a fucking redditor.
t. owns no BTC or BCH
Carson Richardson
What's there to discuss? Crypto is cyclical, the main coins (BTC ETH XMR) will survive, the rest will go the way of PrimeCoin/AuroraCoin/FeatherCoin/etc... We will recover higher but it will take a few years
Juan Wilson
BCH is on life support. I own 1 SV for the lols.
Caleb Ortiz
What are you even talking about? I've not made any claims or assumptions, in fact that's the whole reason why I ask here you idiot. (I also know that r/bitcoin and r/btc are biased, corrupt and/or factually incorrect as well as pretty much 95% of the internet in regards to crypto)
Camden James
All three of them are Bitcoin miners.
Roger Ver (the one on the right) seems like an idealist who just wants to back and profit from Bitcoin. At first he was against the existence of BCH but after Segwit 2x failed, he started promoting BCH.
Jihan Wu (The one on the left) is the boss of Bitmain, the biggest manufacturer of ASIC Bitcoin mining machines (S9, etc). His company has a huge mining pool that mines different coins that they make ASICs for. They mine in secret for about 6 months before releasing the new machines to the public. He promised he'd back bigger blocks, but went ahead and sponsored Bitcoin ABC, which in the end caused the Bitcoin chain to split into Bitcoin (BTC) and Bitcoin Cash (BCH). Thus the chance to fix bitcoin were wasted because this guy still supports both BCH and BTC, the real bitcoin idea became just an altcoin thanks to him.
Craig Wright (CSW) (center) is Faketoshi. He presented himself as Satoshi and used a parlor trick to prodice "hashes, which have been signed by Satoshi himself". Actually, anyone can produce such by using Satoshi's published signatures from the blockchain itself. CSW is the chief scientist of a mining company, nChain. He claims that the new version of Bitcoin ABC (for the November upgrade) contains a new opcode that would make Bitcoin (Cash) illegal in most countries. So, to save Bitcoin as global money, he, his company and buddies rolled out their own BCH (Bitcoin SV), which caused a chain split in BCH on November 15th.
Ever since, Jihan and Roger are defending Bitcoin ABC, while CSW is mining Bitcoin SV, while threatening to destroy the Bitcoin ABC chain with superior mining power. This hasn't happened yet. CWS also threatened to sell off a lot of BTC, which apparently he's also mining, so that the hashwar can be funded. He literally threatened to crash the BTC price, on Twitter, a couple of days before the price did crash.
Hudson Young
This
Jace Thompson
Why have hedge fund managers switched from Bitcoin to Bitcoin Cash? I don't understand, Bitcoin still has 8x more hashing rate than BCH
On the other side of the fence, you have Bitcoin (BTC) with the company Blockstream hiring most of the core node developers. Greg Maxwell is (was?) the CTO. He firmly believed that big blocks would never work. There was a great info screenshot on Jow Forums explaining how and why the idea of the Lightning network and the sidechains were born.
He has some insights, such as reveling how Faketoshi is able to produce numbers "signed by Satoshi", while not being able to sign a message with one of Satoshi's keys or move Satoshi's coins:
