Shame: Charlie Lee blasts Bitcoin Cash for posing as BTC

Litecoin creator blames bitcoin.com for confusing newcomers to Bitcoin
20 October 2017   1346

Bitcoin Cash is Bitcoin

One of the most popular websites in the field of cryptocurrency, bitcoin.com, has released a quite a controversial statement that claimed that "Bitcoin Cash is Bitcoin".

The hard-forked version of Bitcoin has not been able to come close to the original Bitcoin chain by any indicator, such as user base, hashrate, market cap, and developer activity. Still,  bitcoin.com argues that the Bitcoin Cash chain is "most closely adherent to the original design":

Based on the above comparisons between the various versions of Bitcoin, the whitepaper, and the years of common understanding that Bitcoin was always meant to be an electronic cash system, it is the position of this website that Bitcoin Cash is the version of Bitcoin that most closely adheres to the original design. The position that Bitcoin Cash is Bitcoin is based on its adherence to the design goals and intended purpose that Bitcoin was created to fulfill.
 

"Bitcoin Cash is Bitcoin" on bitcoin.com

In response, leading industry experts including Litecoin creator, Charlie Lee, offered harsh criticism.

Charlie Lee

The Litecoin creator, who is known as one of the most honest developers in the cryptocurrency world, never shies away from any discussion on the hottest topics with the public and always tries to be open and honest about the problems.

Now, the man expresses his emotions on the article via his Twitter.

A lot of newcomers are going to be misled by Bitcoin.com . This article is so full of lies and FUD. Not having replace-by-fee does not make unconfirmed transactions safe. Also confirmed transactions are irreversible even with SegWit. SegWit signatures are not removed from the transactions. It’s just the transaction data structure that’s different. It’s just as secure. More Pretty much every other line in that article is FUD and misleading. It’s very much a hit piece on Bitcoin Core and SegWit. Shame.
 

Charlie Lee
Litecoin creator

Lee further emphasizes that the end result is not important. It is not morally and ethically correct to deliberately confuse newcomers in the Bitcoin and cryptocurrency markets.

Line to Launch Own Cryptoexchange

BitBox cryptocurrency exchange won't be available for US and Japanese citizens
28 June 2018   300

The developer of the Line instant messenger confirmed the information that it will launch a cryptocurrency exchange called BitBox next month. This is reported by TechCrunch.

In January, the company said that it plans to enter the cryptocurrency area with the launch of its own trading platform, but today it specified that BitBox will not be available to users from the US and Japan.

The new site will support 30 cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash and Litecoin, and charge a commission of 0.1% for transactions. Line reported that it was taking tokens during the “an extensive screening process” which saw an internal commitment asses what on the market represents “the most reliable and safest trading for users.”

BitBox will be available worldwide, except for the two countries mentioned above, in 15 languages. New platform won't support fiat.

Every month, 200 million people use the Line Messenger. The possibilities of the service are not limited to the transmission of messages. It also allows to listen to music, send payments, etc. Most Line users live in Japan, so excluding Japanese traders will significantly limit the potential impact of BitBox.