Yesterday Tim Draper, a well-known Bitcoin (BTC) advocate, claimed to have acquired Bitcoin Cash (BCH) and seemed quite satisfied with the experience.
Is BCH worthy of praise?
This happened yesterday when Tim Draper commented on Twitter that he had acquired Bitcoin Cash. To be more specific, he noted:
“I recently bought some BCH. Too simple to buy / use. Go to Bitcoin.com. Thanks to Roger Ver for this innovation.
For those of you who don’t know, Roger Ver is one of the early Bitcoin investors and is currently known to be a Bitcoin Cash advocate.
Consequently, it appears that Draper has publicized the Bitcoin.com platform by encouraging his followers to do the same. But what is relevant about it?
Why Bitcoin Cash?
The answer lies in the current context in which Bitcoin Cash finds itself. Basically Draper’s comment comes at a time when we see high network fees and almost endless confirmation times.
Certainly BCH does not seem to be affected by the challenges faced by other networks such as Bitcoin (BTC) and Ethereum (ETH). And so that seems like a good reason why you might go to BCH.
However, not everything is perfect. BCH may not be facing the same problems as BTC or ETH at the moment, but it also has its unresolved issues.
Last week the Bitcoin ABC development team He launched a new version of its latest and controversial update, which, according to experts, could cause Bitcoin Cash to suffer a second division.
Thus, for the past few weeks, there has been a lot of discord among the Bitcoin Cash community in the wake of Bitcoin ABC deciding to adopt the ASERT algorithm and the controversial infrastructure financing proposal.
The problem is that the update that will take place on November 15 is so unpopular that it could split the Blockchain in two.
In fact, Roger Ver assured than “Diverting part of the Bitcoin Cash block reward to pay a single development team is a Soviet-style central planner’s dream come true. Please stop.
He later wrote in Twitter “Bitcoin ABC and have announced that they are parting ways with Bitcoin Cash on November 15”. «We wish you good luck with your new coin and thank you for the free airdrop to all holders of«added.
Therefore, the question at this point is: How will Bitcoin Cash be affected by this trade-off? Will Tim Draper take it into account?