05-01-2018: Coingeek Backs Roger In Court To Say BCH Is The Real Bitcoin

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A partition has been started on change.org, aimed at CoinMarketCap, to accurately represent the total coin supply of Bitcoin Cash. Since bitmain, a large mining platform, started burning 12% of all BCH fees generated, the max total supply and circulating supply of BCH has been altered. An alteration that CoinMarketCcap has not taken into consideration yet. Although a partition seems over the top, the partition creator seems to think otherwise (livebitcoinnews).

A group of 1000+ users are attempting to take bitcoin.com to court over claims that it deliberately misled readers of the site to purchase bitcoin cash instead of bitcoin itself as well as confusing users to use their “Bitcoin” wallet which was actually a bitcoin cash wallet. The CEO of bitcoin.com, Rodger Ver, has a well heard public opinion that BCH is the only true bitcoin that follows satoshi’s white paper. The website underwent redesigns late last year to “rebrand” to its alignment with its support bitcoin cash now showing BCH as Bitcoin and BTC and Bitcoin Core. CoinGeek, also public supporters of BCH as the real bitcoin, are backing bitcoin.com throughout this litigation. Stating “CoinGeek.com[3] will support and join any lawsuit related to what is the real Bitcoin. We look forward to a court reviewing the original white paper and the revolution of the two major branches that are on the chain that originated with the bitcoin genesis block.” (Bitcoinist)(CoinGeek).

UNICEF Australia is utilizing CoinHive, a cryptocurrency mining service, to allow visitors to the site to donate resources from their computer while browsing the site to help mine cryptocurrency to generate revenue. The director of Fundraising and Communications, Jennifer Tierney explained “We wanted to leverage new emerging technologies to raise awareness about current humanitarian crises and raise new funds to support children caught up in them. The Hope Page allows Australians to provide help and hope to vulnerable children by simply opening the page when they are online.” An interesting, but viable move by the Not-for-profit as an alternative revenue stream for them, as well as an easy sacrifice for end users to make while browsing. It would be interesting to see what kind of revenue this would generate. They have partnered with Coinhive’s enterprise version of the crypto mining software to allow users to “opt-in” and control how much power they give over to be used for mining (Bitcoin Magazine).

Circle, an instant money sharing platform, has announced that they will be supporting Zcash within their Investment platform, Circle Invest. This is the 6th cryptocurrency coin they have added, behind bitcoin, Litecoin, Bitcoin cash, Ethereum and Ethereum Classic. Circle built their platforms on the blockchain and claim to trade over $2 billion worth of cryptocurrency every month (Cryptocurrency News).

A hard fork of Bitcoin Cash is coming up on May 15th to raise the blockchain size from 8mb to 32mb, significantly increasing the amount of transactions that can happen per block. This fork will also increase the OP_RETURN field to 220 bytes, allowing users to store data on the blockchain, an idea to pave the way for future development including rights management and asset creation on the blockchain (CoinGeek).

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