Bitcoin Fans Not Pleased With HTC Scissoring with BCH
Taiwanese smartphone manufacturer HTC has just announced that it is partnering with Bitcoin Cash aka #Bash in the Crypto world. The announcement has angered many Bitcoiners to the level of when LeBron James was traded to the Maimi Heat. On Twitter and YouTube, people are posting videos of themselves destroying HTC cell phones. Here is a mash-up video (no pun intended) of all of the creative was people are destoying their HTC cell phones.
A Short History of Bitcoin Cash
Bitcoin Cash is a cryptocurrency that is a fork of Bitcoin. Bitcoin Cash is a spin-off or altcoin that was created in 2017. In 2018 Bitcoin Cash subsequently split into two cryptocurrencies: Bitcoin Cash, and Bitcoin SV. Bitcoin Cash is sometimes also referred to as Bcash. There are two factions of bitcoin supporters, that support large blocks or small blocks. The Bitcoin Cash faction favors the use of its currency as a medium of exchange for commerce while the Bitcoin-supporting faction view bitcoin’s primary use as that of a store of value. Some Bitcoin supporters like to call Bitcoin Cash “Bcash,” “Btrash,” or simply a scam, while Bitcoin Cash advocates insist that their implementation is the pure form of Bitcoin.
Samson Mow of Blockstream pointed to Bitcoin Cash’s use of the “Bitcoin” name as a source of animosity between the Bitcoin and Bitcoin Cash camps.
But is it Even Safe?
The move will see its Exodus One flagship blockchain-enabled device feature native Bitcoin Cash (BCH) support.
However, many Bitcoin (BTC) proponents are outraged by the announcement. Some claim that the software that HTC will use to provide BCH functionality is not stable enough for such an endorsement and others say that such support will only serve to further confuse newcomers to the industry.
Many proponents of BTC have tweeted dismay at the news of the partnership. Twitter user @DanDarkPill encouraged people to let HTC know any reservations they might have about the quality of the software the firm is loading its flagship models with. Echoing their sentiment was entrepreneur and founder of the OC Bitcoin Network, Stephen Cole:
Another user stated that the decision by HTC to provide such support to BCH would result in yet more confusion for those wanting to get started using cryptocurrency. Many people have previously argued that supporters of Bitcoin Cash have attempted to hijack Bitcoin’s brand recognition to pedal BCH.
Anyone that is someone has stated that they will never support HTC as a staff, phone company or as a MF crew!