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RE: The battle for the name "Bitcoin" escalates / IOTA joins MOBI; Start of IOTA Ecosystem

in #cryptocurrency • 6 years ago

Bitcoin's name is really a big deal. Many people are still naive about this crypto space. If someone will tell over and over that bitcoin cash is the real bitcoin it may result to something horrible to somebody else.

6 years ago in #cryptocurrency by
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     6 years ago 

    And so many would fall naive to this, they go to the official bitcoin.com and then could easily get swapped for the wrong one. Purchasing the wrong values, getting upset, frustrated with the whole space. Bad news over-all

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     6 years ago 

    There is no "official" site for Bitcoin. If the person purchasing is looking for what the Bitcoin design paper describes, they might be terribly surprised down the line using ticker BTC.

    But if they only wanted to trade for a profit, then yes it might stump them to see one coin labeled "Bitcoin Core". The point at which they, as a responsible investor, should do their due diligence.

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       6 years ago 

      As another account said the very same thing as you did. Word by word. I'll just copy paste my answer for you.

      If someone says over and over that the Bitcoin described in the design paper on bitcoin.org is traded under ticker BTC, 'that' might really hurt someone as well.

      Best thing to do is to differentiate between both coins and the idea that is "Bitcoin" presented in the paper. We do this easiest by calling one Bitcoin Cash - and one Bitcoin SL, or "Core" because it is defined by a single official client.

      In private you can still call either coin that you prefer simply "Bitcoin", as your peers will likely know which one you mean.

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