The real Bitcoin is Bitcoin Cash, according to “Geohot” - Bitcoin Cash. Sunday, October 21st
The real Bitcoin is Bitcoin Cash, according to “Geohot”
The infamous hacker talks about cryptocurrencies again
American renowned entrepreneur and hacker George Hotz, also known as Geohot, has recently stated his thoughts on the current state of the crypto ecosystem, during an interview at the BCH DEVCON in San Francisco.
Geohot, known among other things for hacking Sony’s PlayStation 3 and being the man that unlocked the iPhone and created the jailbreak for iOS in 2007, has been into the crypto world lately. In said interview, he talked about Bitcoin Cash (BCH) and what he thought about this digital asset, in comparison to its hard-forked counterpart and world’s largest cryptocurrency by market cap, Bitcoin (BTC).
Although briefly, he commented that Bitcoin Cash is the real Bitcoin, and because of that, he is using this crypto asset instead of the coin created by Satoshi Nakamoto. “I’m using Bitcoin Cash because it’s the real bitcoin,” were his words.
One of the reasons he prefers the BCH rather than BTC is for its low transaction fees. As he stated in a subsequent video, the high network fees on the BTC blockchain last year were irritant for the young hacker, which prompted him to turn his attention to the aforementioned coin.
The long debate between BTC and BCH
Since the infamous chain split on August 1, 2017 that gave birth to the now fourth largest cryptocurrency by market cap, the community has been divided on which one of the chains is the real Bitcoin. Both communities have argued that the coin they support is the original chain because according to their respective interpretation, they are being true to the vision of Satoshi Nakamoto.
Regardless of what they both can say about their coins, the fact of the matter is, that a split has happened, a new coin was created from the ribs of the other, and it is up to the whole crypto community to decide which one is the real Bitcoin, which is probably going to be the one that can demonstrate to stay true to the principles that made cryptocurrencies very popular in first place.
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