..

Canada Tech Entrepreneur Bashes Bitcoin Cash Before Committee, Reddit Community Furious

Written by:
C Costigan
Published on:
Mar/21/2018

Speaking before Canada’s House of Commons Standard Committee on Finance Tuesday, Canadian entrepreneur Jonathan Hamel warned: “Pay close attention, other cryptocurrencies are downright scams, like BCash [Bitcoin Cash (BCH)].”

Hamel made no mention in an earlier tweet that he intended to directly attack bitcoin Cash, a cryptocurrency that many in the sector argue is the "true bitcoin".

I will appear today before the @OurCommons Standing Committee on Finance to explain how Canada became a leader in the Bitcoin industry and why excessive regulation could slow down innovation in the Blockchain space

Hamel did make his intentions clear via Reddit, however:

From CoinTelegram:

“Spoiler: I'm gonna say ‘Bcash is a scam’ and it's gonna be archived forever in the Parliamentary records (not a blockchain but still...) Donations are welcome."

The use of the term 'Bcash" is used by some proponents of Bitcoin (BTC) to diminish the cyrptocurrency. 

The request for donations appeared to touch a nerve with some in the Reddit community.

“Asking for donations for a statement you made while a government hearing is kinda undermining the expertise of your whole talk, in the eyes of the listeners and media.. You are aware you are out in public here?
I appreciate straightforwardness but asking for donations on a public forum for a statement made on a governmental hearing is really not smart at all.”

- Aaron Goldstein, Gambling911.com

Business/Financial News

Bitcoin Notches Record High, Day After U.S. ETF Debut

Bitcoin Notches Record High, Day After U.S. ETF Debut

Bitcoin climbed to a record high on Wednesday, and the first U.S. bitcoin futures-based exchange-traded fund (ETF) built on gains after a solid debut on Tuesday.

Bitcoin Bull Mark Yusko Sees Trouble at $60,000

Bitcoin Bull Mark Yusko Sees Trouble at $60,000

Speaking to CNBC this week, hedge fund manager Mark Yusko believes investors will take profits due to the cryptocurrency’s sharp rally over the last few weeks.

U.S. Becomes Largest Bitcoin Mining Centre After China Crackdown

U.S. Becomes Largest Bitcoin Mining Centre After China Crackdown

The United States has overtaken China to account for the largest share of the world's bitcoin mining, data published on Wednesday by Britain's Cambridge Centre for Alternative Finance showed.

Fake New: How an Elaborate Hoax in the Crypto Space Led to Death Threats

Fake News: How an Elaborate Hoax in the Crypto Space Led to Death Threats

We can probably speak on behalf of CoinGeek when we say, near and dear to our hearts was today's panel on Media Influence: How News Reporting Affects the Digital Asset Market.  Like Gambling911.com, CoinGeek we know strives to report fair and balanced news.  But not every story out there in the digital assets space proves to be factual. 

Bitcoin SV as Turing Complete System

Bitcoin SV as Turing Complete System

There is a controversy that's been emerging in the cryptocurrency community that claims Bitcoin cannot be used as a turing complete system.  In computability theory, a system of data-manipulation rules is said to be Turing-complete or computationally universal if it can be used to simulate any Turing machine, meaning the ability to recognize or decide other data-manipulation rule sets.

Syndicate