bitcoin cash scam

retain any balances they had before the split. So, we will wait for another two-three days, and once everything settles, we will be back online, Sathvik Vishwanath, CEO and cofounder of Bitcoin exchange Unocoin, told FactorDaily. Pros: Bcash makes transactions slightly faster and cheaper in the short term. Is it a scam like none other in Crypto market with whole idea of decentralization at stake? Notable Supporters (Exchanges, Mining Pools, and Wallets). Available online and through various global demographics, Local Bitcoin Cash functions as a minimalistic exchange that does not provide much information regarding their operation. Bitcoin cash is getting enough support from users, miners, and developers. Org ) is a web-based cryptocurrency exchange that was introduced into the marketplace in October of 2017 by an entity known as Eric.

bitcoin cash scam

As you might know from your own profession in less than half a year, you are very far from being a expert in anything. Therefore, less people can afford to run a full node. Maybe you would call it Coca Cola Crap. Some exchanges worldwide have said that they would immediately sell the equivalent bitcoin cash coins and distribute them along the bitcoin owners proportionately. You wouldnt call that Coca Cola Light. So, if you wait too long with selling your Bcash, you will likely just be a loser who lost an opportunity to get more Bitcoin. Bcash is a fork of Bitcoin which is essentially stealing the code and the brand name of the original Bitcoin, modifying the sourcecode a little to increase the blocksize to enable more transactions per block. In addition, no quantity limit is enforced so users are able to trade any amount of currencies they wish while sellers and buyers are able to communicate directly.

Bcash will be way more centralized as running a full Bcash node is more expensive in terms of hardware and traffic costs than running a full Bitcoin node. We recommend also to explain to your friends and family why Bcash is not to be called Bitcoin Cash and why it is a scam. These are just my views which I thought shall be presented before you all. Take Bcash as a free dividend on your Bitcoin (at the time of writing about 12 of the real Bitcoin) or sell it for Fiat and buy yourself something nice with. There were speculations that this new kid in the market would find it hard to find a reasonable price. Escrow transactions are conducted instantaneously, given that both parties have sufficient balances to complete the transaction while the site features a minimally invasive news feed that provides updates regarding their site.