The Bitcoin and Bitcoin Cash Civil War

I will refer to Bitcoin as the original name and BCash for BitcoinCash so you won’t get confused.

Many do not understand what the BCash fork that happen on 1 August 2017 is about. Most only know that when the fork happens they will get equal amount of BCash for free, for any amount of Bitcoin they hold in their wallet at a ratio of 1:1. And for most that is all that matters cause its free.

If you read articles explaning what the fork is about and how Bcash represents smoother and faster transactions that Bitcoin couldn’t then chances are you have been misinformed or mislead. The reason for the fork was all but obvious, the Bitcoin community could not come to a collective consensus. Part of them wanted to maintain what they had and another part wanted to create a bigger dream and basically more money by introducing their own crypto currency.

First of Bitcoin is not Bcash. You cannot hold Bitcoin and Bcash in the same wallet. Many exchanges have offered support both Bitcoin and Bcash. Bcash although it shares resemblance in it’s name to Bitcoin is just another alternate coin created by Bitmain who also happens to be a manufacturer of ASIC mining machine. They too hold many of their domestic manufactured ASIC mining machine they produce which they themselves use to initially mine Bitcoins.

From my perspective, the reason for the congested network and high transaction fees is due to miners mining empty blocks. So Antpool which belongs to bitmain who owns a major portion of the world hash rate might be a contributing factor whether be it intentionaly or not.