Is ABC’s end game plan to help China sideline Bitcoin?

Is ABC’s end game plan to help China sideline Bitcoin?

Much has been said about the recent Bitcoin Cash (BCH) hash war, and its conclusion—with the ABC camp declaring premature victory thanks to an artificial burst from “rented” hash power—has brought forth even more questions like, why did ABC and its supporters wasted millions of dollars of their money and tens of millions of other people’s money in the fight? What’s in it for them?

Far from creating a state of anarchy, it appears that the ABC faction may have been working for the Chinese government after all.

In early December, a lawsuit launched by Florida-based blockchain company United American Corp. (UAC) accused Bitmain, its co-founder Jihan Wu, along with his “team of conspirators” composed of Bitcoin.com CEO Roger Ver, ABC developers Amaury Sechet, Shammah Chancellor and Jason B. Cox, as well as Kraken and its CEO, Jesse Powell, of working “with the knowledge and support of the Chinese government to stage a premeditated hostile takeover” of the BCH network.

The Chinese government is known for its hardline approach towards cryptocurrency-related activities, banning cryptocurrency exchanges and initial coin offerings (ICOs) last year. But the country’s central bank, the People’s Bank of China (PBOC), is also planning its own digital currency—the central bank digital currency (CBDC)—as part of the government’s bid to have more control over the country’s financial system.

The CBDC project was the brainchild of former PBOC Governor Zhou Xiaochuan, who has made it his goal to protect the country from technologies that are “designed and controlled by others,” like Bitcoin.

To date, the Chinese central bank has registered 78 digital currency patents, Bloomberg reported. PBOC also ranks fifth in the world when it comes to blockchain-related patents, with 44 as of August, according to China’s IPRdaily. One of its more recent patents, filed in June, is for a digital wallet that will allow users and business to trade their yuan for digital currency, which can be used for payments. Users can also track their transactions using the wallet, which will be built in coordination with a centralized digital currency issuance registration agency. In short, the PBOC will be able to track all transactions too.

In comparison, nChain has been making an effort to patent new ideas and technology in a bid to protect the technology rather than stifle development. With nChain’s protective patents, the technology can be used by people developing on the SV chain, but not by malicious actors such as the Chinese government.

ABC’s end game plan

So how does the ABC faction fit in all of this?

It would be recalled that on the November 15 network upgrade, a sudden huge wave of hash magically came to support ABC. This is all thanks to Bitcoin.com’s pool, which boosted its BCH for only 24 hours by moving customer hash from the BTC chain. ABC also received more support from “rented” hash from BTC mining pools controlled or friendly to Bitmain. In exchange, Bitmain must pay to subsidize the difference in lower revenue miners receive on the BCH chain when total hash rate grows, compared to mining on the more profitable BTC network, which BTC.top CEO Jiang Zhuoer estimated can cost over 100 million yuan ($14 million) per day.

The rented hash supporting ABC is temporary, which means the endeavor was a losing proposition for Bitmain and the rest of the group. Now, the ABC camp is also being accused of being backed by the Chinese government, all in an effort “to centralize the Bitcoin Cash network resulting in Chinese entities now having established dominance over this important segment of the cryptocurrency market with proprietary software checkpoints and instituting other means of control over the system,” according to the UAC lawsuit.

The hash war may have ended, but it’s clear that the fight to bring the truth to light has just begun. It’s also clear that the attacks on the original Bitcoin, first with Bitcoin Core (BTC) and more recently with ABC, have cost the ecosystem a lot of time—in development and in pushing for adoption.

But with everybody coming together on Bitcoin SV, the only cryptocurrency the only coin that can massively scale on chain and also provides for fast transactions at low fees, it’s only a matter of time before we achieve the original Satoshi Vision for Bitcoin—that of a “peer-to-peer electronic cash system.”

We’re inviting everyone—from exchanges to payment processors, miners, merchants, app developers and others—to work with us and make Bitcoin SV global money today.

Bitmain’s crypto mining facility secures land deal in US state

Bitmain’s crypto mining facility secures land deal in US state

China’s cryptocurrency mining giant Bitmain has cleared a hurdle in its bid to establish a mining facility in the state of Washington.

According to a Union Bulletin report, the three commissioners of the Port of Walla Walla have agreed—despite public objection to the idea—to go on with the “land lease and purchase option for 10 acres between the Dodd Road Industrial Park and Wallula Gap Business Park.” The option to buy an additional 30 acres has been taken out from the agreement—for now, at least.

Ant Creek, the name of Bitmain’s data facility in Port Walla Walla, will pay approximately $4,700 monthly in rent.

Director of Operations Jeff Stearns described Ant Creek as “both a blockchain and artificial-intelligence company,” with two different chief executives. Stearns also echoed Bitmain co-founder Jihan Wu’s description of Ant Creek as the “largest manufacturer of cryptocurrency mining equipment in the world.”

Union Bulletin, however, reported that Walla Walla residents didn’t buy the description of the subsidiary company, claiming the focus on blockchain technology rather than cryptocurrency mining was just a way of softening the facts with more neutral language. One of the residents called it “misdirection.”

The residents were concerned about the amount of energy the company would extract from the community, which has the cheapest electricity rates in North America.

Walla Walla resident Robb Lincoln pointed out that unlike other developments,  which employ more people and add value to existing industries, Ant Creek will only “extract electricity and create wealth for the owner with no trickle down.” Another resident Peder Fretheim, told the commissioners the project will only be “used for two things: transactions you want to hide from the law and speculation.” The hearing became intense during the public comment period, and one resident was escorted out.

Though crypto mining companies have been quick to flock to regions with energy surpluses and inexpensive rates, they have been met with resistance from the local residents. States like Washington have announced a moratorium on new crypto mining operations while they evaluate their effects on the community’s power grid.

Peter Swant, president of the commission, said the decision was difficult as the project would not only meet the Port of Walla Walla’s mission of job and tax creation but also provide infrastructure. He also said that he was elected to do what the people would like, and representing the wants of 60 or 70 people that had attended the meeting out of a community of 60,000 residents was going to be difficult.

Note: Tokens in the SegWit chain are referred to as SegWit-Coin BTC (inaccurately called Bitcoin Legacy or Core by many) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.
OpenBazaar picks up $5 million in Series A funding

OpenBazaar picks up $5 million in Series A funding

Why choose between an Initial Coin Offering (ICO) and venture capital when it’s possible to have both? That’s the move taken by OB1, the company behind OpenBazaar. OB1 picked up $5 million in venture capital from a couple of firms, but will still launch its ICO at some point this year.

The capital was raised during the Series A fund round that saw both Chinese and Canadian venture capital (VC) firms getting onboard the new platform. Bitmain, a mining company out of China, and Canada’s OMERS Ventures have put their money behind the new decentralized online marketplace.  The pair is joined by investors Andreessen Horowitz and William Mougayar, who are already committed to the project.

OpenBazaar is the equivalent of a decentralized eBay platform for cryptocurrency users. The peer-to-peer marketplace allows for commerce of goods and services without a middleman. OpenBazaar doesn’t charge any fees for using the service.  At the helm of OB1 is Brian Hoffman, who described OpenBazaar as not a business, but a protocol behind the marketplace with the users determining how the marketplace is utilized.

“We don’t have servers in some data center collecting all this data and controlling our users. It’s just a protocol. It’s just a bunch of computers talking to each other, so what happens on that network is up to the whim of the users,” Hoffman said. OB1 initially launched OpenBazaar in 2014 in an effort to ease congestion on the legacy Bitcoin (BTC) network, and has been gathering steam—and backers—ever since.

OB1 still plans on offering its ICO this year, but no specific date has been set. The ICO announcement came during Token Summit II held in San Francisco in December of 2017, when Hoffman revealed that the rise in the platform’s popularity gave way to the need to offer an alternative to BTC.

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.
Bitmain CEO Jihan Wu speaker at bComm conference in Hong Kong

Bitmain CEO Jihan Wu speaker at bComm conference in Hong Kong

CoinGeek.com’s bComm conference on May 18th, 2018 is pleased to announced Bitmain CEO Jihan Wu to its high-powered speaker roster.  Wu joins Roger Ver, Dr Craig Wright, Expedia’s Michael Wood, SBI Crypto’s Chief Strategy Officer Jerry David Chan, and other top names in Bitcoin.

Bitmain is now among the most recognizable companies in the cryptocurrency space and the parent of several brands including Antminer, Antpool, and Hashnest. Jihan Wu is a recognised leader in the Bitcoin world, and a very strong addition to the speakers’ line up for May 18th.

To be held at The Four Seasons Resort in Hong Kong complete with after party courtesy of CoinGeek.com’s owner, Calvin Ayre, the event is shaping up to be a landmark in the emergence of Bitcoin Cash (BCH) as the true Bitcoin.

Hosting the event will be nChain Group CEO, Jimmy Nguyen, who commented: “This is pivotal year for BCH to grow and bComm to emerge.  We hope this conference will help educate merchants as to why we see BCH as the future of Bitcoin and a bComm world.  And it will also be the most fun you’ll ever have in Bitcoin!”

Registration for the conference is now open with a 50% discount for those paying in BCH but we will accept Yea Olde Credit Cards if you prefer.

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true  Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.
BTC.com enables in-wallet purchases with Bitcoin Cash

BTC.com enables in-wallet purchases with Bitcoin Cash

With a tweet announcing its official support for direct, in-wallet purchases for Bitcoin Cash, BTC.com’s wallet is now better equipped to handle peer-to-peer electronic cash transactions. The updated feature is strategically laid out to accommodate the increasing demand for more Bitcoin Cash services and integrations.

The multi-platform wallet has set some simple guidelines for purchasing Bitcoin Cash directly inside their site. After creating a new wallet or logging into an existing one, users may immediately access the new purchasing feature. The Bitcoin Cash section provides an easily-understandable checkout flow. Here’s a screenshot of the interface as provided by BTC.com:

BTC.com enables in-wallet purchases with Bitcoin Cash

With the tab selected, users will then indicate an amount:

BTC.com enables in-wallet purchases with Bitcoin Cash

After choosing the desired amount, the billing information is promptly arranged for users to fill out:

BTC.com enables in-wallet purchases with Bitcoin Cash

The standard check out procedure is then completed with credit card and identity verification. Bitcoin Cash users must note, though, that BTC.com has set a minimum amount for buying the cryptocurrency. The least amount that a single user can buy is $50 or its equivalent in BCH or EUR. To ensure fraud protection, BTC.com follows standard regulations, with an average deposit wait time of 2-3 days. The credit card integration is supported by Simplex, an AI-based payment processing and fraud protection platform.

Owned by Chinese Bitcoin firm Bitmain Technologies, BTC.com is one of the largest, most active service providers for Bitcoin Cash users. The company has already laid down additional features for BCH, with utilities such as a Bitcoin Cash explorer and a Bitcoin Cash recovery tool easily available through their website. With a strong roadmap for development, the increased adoption for Bitcoin Cash in the cryptocurrency sphere is an indication of how users respond to new developments for BCH in terms of its features.

Client-side implementations to enhance security, facilitate better timestamping, connect representative tokens, as well as sustain more complex transaction scripting for the Bitcoin Cash network are all planned out with at least six decentralized teams of developers working together. With an imminent block size increase to 32MB scheduled as early as May 2018, the BCH network is opening up the future of peer-to-peer digital cash with unrestricted growth, global adoption, permissionless innovation, and decentralized development.

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.
Samsung begins manufacturing cryptocurrency mining hardware

Samsung begins manufacturing cryptocurrency mining hardware

South Korea’s electronics and tech behemoth is now officially a player in the cryptocurrency space.

In a report published by Korean capital market news site The Bell, Samsung Electronics Co., Ltd. has begun the production phase for ASIC (application-specific integrated circuit) miners and other cryptocurrency mining peripherals.

Confirming the news in a tweet, cryptocurrency analyst Joseph Young opined that Samsung’s move to create and sustain their own foundry dedicated to cryptocurrency mining is “unprecedented,” adding that it would most likely “provide Bitmain its first real competitor.”

In the report by The Bell, however, a long-term plan was revealed in which Samsung has partnered up with a Chinese bitcoin mining equipment manufacturer, a partnership that began in 2017. It was only this year that the design and development of Samsung’s own ASIC chips were finished. This is related to news of Taiwan Semiconductor Manufacturing Company (TSMC) taking mass orders for ASIC miners from Bitmain.

With suppliers like TSMC and now Samsung both providing for major mining companies like Bitmain, the revenues for the foundry business is expected to rise. Samsung Securities analyst Hwang Min-seong, however, said that “[While] Samsung Electronics could increase its revenues through ASIC chip manufacturing but because the foundry only accounts for a small portion of the company’s semi-conductor manufacturing plant, it is difficult to predict that the firm’s mining venture will have a significant impact on the company’s revenues.”

The new foundry is expected to expand its operation in coming years, with Samsung planning ventures from China to other Asian regions like South Korea and Japan which both have strong demand for cryptocurrencies despite government regulation. The foundry’s operation is aligned with the demand from the Chinese bitcoin mining firm that Samsung has partnered with.

As a new player in the foundry business, Samsung’s position isn’t one poised at targeting revenues, rather, it is merely opening and laying out foundations for future ventures. After its brief showcase of upcycled old smartphones repurposed as crypto mining rigs last year, Samsung also has GPU-based mining development in its roadmap for the newly-opened foundry. With its well-established portfolio for large-scale and sophisticated semi-conductor manufacturing, Samsung is stable enough to provide for and match the demand by major mining companies like Bitmain.

With the rising demand for prominent cryptocurrencies like Bitcoin Cash, ASIC mining rigs have also experienced increased orders. Mining ventures have attracted strong investments from global players and continue to expand as more people are enlightened about the benefits of cryptocurrencies for a future filled with unrestricted growth, global adoption, permissionless innovation, and decentralized development.

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true  Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.
Yours.org raises 1.5M USD in funding round led be Bitmain and nChain

Yours.org raises $1.5M in funding round led by Bitmain, nChain

Yours.org is novel idea focusing on getting everyday people paid for doing what they love on social media. That is, earning Bitcoin (BCH) for creating good content, finding good content, and commenting on good content.

Sure enough, the web application has already generated a frenzy of activity, particularly with the BCH community, where micropayments, are not only possible and feasible, but also encouraged.

Ryan X. Charles, CEO and Cofounder of yours.org has on numerous occasions expressed just how much BCH has enabled his business to flourish. Certainly, the site is well known among BCH enthusiasts, for this reason.

Mr Charles along with Dr Clemens Ley (who had discovered Bitcoin was indeed Turing complete), had founded the social media site in 2016 and are planning to hire a team of “the world’s best” with an emphasis on engineering and growth.

The duo now find themselves in excellent position with solid capital to take matters to the next level. Mr Charles was pleased to announce that Yours.org have just closed a funding round raising 1.5M dollars. An effort that was led by Bitmain and nChain, two of the most notable companies within the industry.

In an interview with CoinGeek, Mr Charles made mention that “the $1.5 M will be used for hiring and general product development. There are no “new” projects other than developing our own existing product and achieving massive growth. We believe we are very close to a high level of growth bringing BCH to a mainstream audience this year. We need to work with users and iterate the product as rapidly as possible to do that.”

We’ve already seen many quality submissions at Yours.org – The majority of which are crypto-related. Although other content is there as well… In talking to Mr Charles on future plans to branch out further into other topics and diversify, we asked how they plan to reach the mainstream.

“We are focusing on cryptocurrency first because it is the most natural first use-case for our platform. However, we intend to be fully mainstream this year. Cryptocurrency is a way to get core users who really care about the product in spite of usability problems at this time. They help us identify the most important problems to fix and features to add so that we can reach a mainstream audience. Throughout the year, we plan to get a broad array of content that has nothing to do with cryptocurrency” states Mr Charles.

“We believe the best way to reach a mainstream audience is to get people paid for their work, in Bitcoin Cash… the plan for this is predominantly hands-on whereby we work with our users in different categories to figure out their biggest issues and solve them one at a time. When we believe the product is ready, we can add an affiliate/referral system which will spark massive growth.”

Given the already thriving success of Yours.org, the funding round can only do a power of good for an already established application as this. Branching out to the mainstream (beyond crypto) is pivotal, Ryan & co believe they have the right roadmap, and soon the right “expanded” team to do just that.

For BCH supporters, the return on investment is two-fold. Not only does this help the eco-system and present an excellent use case for BCH, but it drives further adoption and visibility.

Eli Afram
@justicemate

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true  Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.
Antpool upgrades block size to 4MB

Antpool upgrades block size to 4MB, anticipates more BCH users

In a slew recent developments in the Bitcoin Cash (BCH) ecosystem, transactions have now gained better traction and handling, with Bitmain’s Antpool shifting its block size limit to twice its current capacity.

The decision came after Antpool’s senior engineers noticed that while the network itself is handling transactions quite well, more are coming as the popularity of Bitcoin Cash merges and adopts with merchants. The move comes in anticipation of a surge of new Bitcoin Cash users.

Now mining 4MB blocks, Antpool’s upgraded limit indicates the possibility of 8MB blocks in the near future. At this level, the current combined hashrate will have to accommodate the rate of transactions, easing up the Bitcoin Cash memory pool. Because of its wild popularity among users who prioritize utility over store of value, it is highly likely that BCH will face the same congestion issues as legacy Bitcoin, also known as SegWit1x (BTC). The difference, however, is that BCH’s robust network design won’t have to resort to centralized escape routes such as Segwit, or its unscalable cousin, the Lightning Network. Because BCH’s development team (currently six teams at work, compared to just one for BTC) is decentralized, it doesn’t face internal conflicts when it comes to code development, updates are rolled out with a community-approved consensus. Here’s a meme from the twitter account @Bitcoin that properly expresses the philosophical quandary posed by this setup.

Given Moore’s Law, using up the limitation set by a mining pool might break their current infrastructure, requiring unnecessary hardware upgrades to their ASIC miners, as well as requiring more energy to operate. The engineers would then have to seek an equilibrium between the demand to stretch the block limit and the current median of usage for its computing resources. Maintaining smaller block sizes for mining Bitcoin Cash is fairly easy, and minor complications as a result of the performance upgrade can be mitigated with simple updates in the client-side software.

Currently, Bitcoin Cash outperforms BTC in terms of transaction capacity. Doubts over the capabilities of Bitcoin Cash have largely been due to misinformation campaigns launched by the Blockstream-owned BTC.

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.

Core Developer’s DragonMint 16T aims to overthrow Bitmain’s mining empire

The war has spilled over to the mining hardware arena. But will the DragonMint live up to its claims?

The longest serving pseudonymous Bitcoin Core contributor who goes by the user name BtcDrak announced yesterday that he has been helping develop a mining hardware—one that would supposedly overthrow mining colossus Bitmain’s reign over the mining hardware industry.

Called DragonMint, the miner series is initially releasing its flagship model 16T, which it says is “the world’s most efficient Bitcoin miner, running faster and cooler than any competing miners.” Should DragonMint succeed, it would end the longstanding and controversial hold that the China-based company Bitmain has over the industry, as it currently has no close competitor. Co-founder Jihan Wu claims that they supply over 70% of bitcoin mining rigs worldwide, and their mining pool Antpool currently possesses 17.9% of the overall hash rate for SegWit1x (legacy chain, BTC).

“We started a mining project with the aim to bring much needed competition to the market,” BtcDrak said in an. “We want to ‘make SHA256 great again.”

Given the public clash between Core developers and Bitmain during the infamous scaling debate over Bitcoin’s legacy chain, the announcement isn’t getting off untainted by controversy. During the scaling wars, Bitmain supported large blocks, an opposing proposal to Core’s SegWit.

Although the specs and claims of their DragonMint 16T are ambitious, interested miners should tread lightly.The mining hardware is listed under the company Halong Mining, but not a lot of information on the company is listed on their website. So it may be best to wait a bit for reviews.

Throughout the past years, several competitors to Bitmain’s mining hardware have risen, and many have fallen to ashes. Yet, many are rising up in their place to take up the challenge. After all, the cryptocurrency mining industry it supports is a $4 billion industry, with Bitcoin miners reportedly making a global sum of $7 million a day. Yep. Per day.

Shortly after the announcement of DragonMint, another contender to Bitmain’s monopoly is supposedly underway: the E10 miner. Blockstream CSO Samson Mow said in a Tweet.

As of writing, no further information about the E10 is available yet. But Mow says we’ll know more in the next few days.

Politics aside, the rise of competitors to the mining hardware industry is definitely something to watch.

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true Bitcoin as intended by the original Satoshi white paper. Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.

Core Developer’s DragonMint 16T aims to overthrow Bitmain’s mining empire

The war has spilled over to the mining hardware arena. But will the DragonMint live up to its claims?

The longest serving pseudonymous Bitcoin Core contributor who goes by the user name BtcDrak announced yesterday that he has been helping develop a mining hardware—one that would supposedly overthrow mining colossus Bitmain’s reign over the mining hardware industry.

Called DragonMint, the miner series is initially releasing its flagship model 16T, which it says is “the world’s most efficient Bitcoin miner, running faster and cooler than any competing miners.” Should DragonMint succeed, it would end the longstanding and controversial hold that the China-based company Bitmain has over the industry, as it currently has no close competitor. Co-founder Jihan Wu claims that they supply over 70% of bitcoin mining rigs worldwide, and their mining pool Antpool currently possesses 17.9% of the overall hash rate for SegWit1x (legacy chain, BTC).

“We started a mining project with the aim to bring much needed competition to the market,” BtcDrak said in an. “We want to ‘make SHA256 great again.”

Given the public clash between Core developers and Bitmain during the infamous scaling debate over Bitcoin’s legacy chain, the announcement isn’t getting off untainted by controversy. During the scaling wars, Bitmain supported large blocks, an opposing proposal to Core’s SegWit.

Although the specs and claims of their DragonMint 16T are ambitious, interested miners should tread lightly.The mining hardware is listed under the company Halong Mining, but not a lot of information on the company is listed on their website. So it may be best to wait a bit for reviews.

Throughout the past years, several competitors to Bitmain’s mining hardware have risen, and many have fallen to ashes. Yet, many are rising up in their place to take up the challenge. After all, the cryptocurrency mining industry it supports is a $4 billion industry, with Bitcoin miners reportedly making a global sum of $7 million a day. Yep. Per day.

Shortly after the announcement of DragonMint, another contender to Bitmain’s monopoly is supposedly underway: the E10 miner. Blockstream CSO Samson Mow said in a Tweet.

As of writing, no further information about the E10 is available yet. But Mow says we’ll know more in the next few days.

Politics aside, the rise of competitors to the mining hardware industry is definitely something to watch.

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true Bitcoin as intended by the original Satoshi white paper. Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.