(BCH) & Bitcoin Core
In 2009 an unknown entity named "Satoshi Nakamoto"
released the now famous
bitcoin.pdf whitepaper, which described a groundbreaking blockchain
technology concept for a tamper resistant, digital peer-to-peer
electronic cash system. Shortly thereafter the Bitcoin blockchain
was introduced. The 1st known transaction involved the purchase
of Pizza - for 10,000 Bitcoins.
In 2015 a team of developers calling themselves
"Core" wrestled control of the code that was "Bitcoin". The
Bitcoin Core team had a different vision from the original whitepaper,
and sought to develop it into something that could be corporately
controlled. The vast majority of the global bitcoin community was
outraged and for 2 years a hotly disputed battled waged.
On August 1 2017, the battle was settled, and
Bitcoin underwent a technology upgrade (a "hardfork") in which 2
competing Bitcoins emerged... Bitcoin Cash & Bitcoin Core.
Bitcoin Core remained under the
control of the Core Developers, led by a corporation called
Blockstream. A new technology called "Segwit" was introduced, which
will allow the creation of "Currency Hubs" that Bitcoin transactions
can flow through, be tracked, and fees be charged. That hub
technology (referred to as the Lightning Network) will most
likely be ready sometime in 2018. It is important to note that
Bitcoin Core kept the Bitcoin name and position on all of the major
financial networks and exchanges. For that reason, Bitcoin Core
is the one you hear of in the news, the one whose value as of Dec 1
2017 is over $10,000.
Bitcoin Cash came into existence
through the developmental effort and oversight of many global teams working together
in global open-source cooperation. The development philosophy
behind Bitcoin Cash has been returned to the original vision as
outlined by Satoshi Nakamoto in the
Bitcoin Cash has already been added to many of the global
cryptocurrency exchanges, including hte largest U.S. Exchange, Coinbase.
While currently behind in value, this is due to playing a bit of infrastructure catchup,
and Bitcoin Cash
is expected to narrow the price gap with Bitcoin Core in 2018. It is the
position of the BitcoinIsComing campaign that "Bitcoin
Cash is the True Bitcoin".
Due to the nature of the hardfork coin split, everyone that held Bitcoin on Aug 1 2017, immediately held
one of each of the new coins immediately thereafter. That split
was a one time event. Now, when you exchange your US Dollars for
"Bitcoin" you must actually chose which one you want.... Bitcoin Cash
or Bitcoin Core
While the BitcoinIsComing campaign philosophically
believes that Bitcoin Cash
is the "true" bitcoin, our official and
prudent advice is that when you "Get Bitcoin",
you should initially get equal amounts of both
bitcoins. Neither one is going anywhere, except up in value.