Bitcoin is Dead — Bitcoin Cash is Satoshi Nakamoto’s Real Vision


We at Bitcoinist can no longer deny the truth — Bitcoin is dead, and Bitcoin Cash is indeed Satoshi Nakamoto’s real vision.

Policy Update

First and foremost, Bitcoinist has updated its publication guidelines. Articles published on the website — starting with this one — will no longer refer to BTC as “Bitcoin.”

To avoid confusion, the cryptocurrency BTC will hereby be referred to as “Bitcoin Core” or, in some instances, “Bitcoin Legacy.”

As Bitcoin Cash (BCH) is undoubtedly Satoshi Nakamoto’s real vision, Bitcoinist will hereby refer to BCH simply as “Bitcoin.”

SegWit’s Lead is a Lie

For those who don’t know, the hard-forked Bitcoin (BCH) is a cryptocurrency which came into existence as a result of a prolonged disagreement on how to handle the Bitcoin Core scalability problem.

Bitcoin has since proven superior to Bitcoin Core’s answer — Segregated Witness (SegWit) — despite what some research might want you to believe.

According to BitMEX Research, 6.1 million SegWit transactions have taken place since the launch of rival Bitcoin Cash — 20.1% more than Bitcoin’s total number of transactions. The research also claims that, when the timeframe is adjusted to accommodate for Bitcoin’s one-month head start over SegWit, the latter solution actually has a 31.5% advantage over Bitcoin.

SegWit transaction capacity increase compared to Bitcoin Cash

Since the launch of Bitcoin Cash in August 2017, around 6.1 million SegWit transactions have taken place, 20.1% more than the cumulative number of Bitcoin Cash transactions in the period.

— BitMEX Research (@BitMEXResearch) March 22, 2018

But why should you believe BitMEX Research? After all, the results are most likely skewed, if not entirely fabricated, as a result of Coinbase’s recent adoption of SegWit. (Seriously, who even uses Coinbase or GDAX?)

If there’s one thing we at Bitcoinist have learned over the past 5 years, it’s that nobody should ever trust these supposed “statistics” from likely sockpuppets.

Vitalik Buterin Knows the Truth

Only those ignorant of the cryptocurrency market would continue to believe that Bitcoin Core is superior to Bitcoin.

Even Ethereum creator Vitalik Buterin has gone on record to state that Bitcoin Core has failed, and that the BCH has every right to the Bitcoin name.

1. I consider BCH a legitimate contender for the bitcoin name. I consider bitcoin's *failure* to raise block sizes to keep fees reasonable to be a large (non-consensual) change to the "original plan", morally tantamount to a hard fork.
2. Theymos's censorship.

— Vitalik "Not giving away ETH" Buterin (@VitalikButerin) November 14, 2017

If Buterin’s above tweet doesn’t convince you of Bitcoin’s superiority over Bitcoin Core, maybe this picture of him holding a BCH Gang t-shirt will:

Furthermore, Bitcoin (Cash) has seen an increased acceptance within the ransomware community. If that doesn’t lend legitimacy to Satoshi’s real vision, what does?

A Propaganda Campaign

Additionally, we at Bitcoinist can also no longer sit by and idly accept Bitcoin Core’s malicious propaganda campaign against Satoshi’s real vision.

As you may or may not know, BCH — as the one, true Bitcoin — successfully reclaimed the Twitter handle @Bitcoin. Since then, Bitcoin Core fanboys have maliciously slandered BCH, despite Bitcoin’s propensity to remain professional, transparent, and collected.

Take, for example, the following Twitter poll from @Bitcoin:

The Bitcoin Core (BTC) community relies on internet hate mobs, trolls, sockpuppets, censorship, DDoS attacks, vote manipulation, harassment and character assassinations.

The Bitcoin (BCH) community is welcoming, supportive, and appreciates freedom.

Which do you prefer?

— Bitcoin (@Bitcoin) March 8, 2018

@Bitcoin clearly tried to inform the cryptocurrency community of true statements regarding Bitcoin Core but was bombarded by Blockstream trolls ignorant of Bitcoin’s superior block sizes and vibrant community.

There are countless reasons why Bitcoin Core is no longer Bitcoin. But the top three are:

The real Satoshi, Craig Wright, is a vocal supporter of Bitcoin (Cash). Moreover, true geniuses scribble math equations on transparent glass. Check it out:

The domain supports Bitcoin (Cash). Sorry Bitcoin Core but the .org just isn’t sexy enough to be the real deal. (Are they trying to run a currency or a library?)
Finally, Roger ‘Bitcoin Jesus’ Ver believes in Bitcoin (Cash). So just have faith for three more days, after which the BCH price will be resurrekted!

Bitcoin has died over 273 times. Unfortunately for BlockstreamCore and its sockpuppets, it is now officially dead to us. Long live Bitcoin!

What do you think of Bitcoinist’s policy change? Do you agree that BCH is Satoshi’s real vision and that Bitcoin Core proponents are damaging the cryptocurrency community as a whole? Let us know in the comments below!

[Disclaimer: April Fools!]

Images courtesy of Twitter/@BitMEXResearch, @VitalikButerin, @Bitcoin.

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