Bitcoin Core is an experimental currency that does not have a white paper and has only operated under its current model for two years.
Hours after the controversial tweet made its way to the internet, a heated debate ensued amongst backers of both BCH and BTC. Enough already.
Bitcoin core is BTC. It is a store of value.
If you want to be a payments currency by definition you need to have stable value.
He likened Bitcoin Core as being a potent digital store of value, even going as far as saying that the asset was comparable to "Gold".
"If you want to be a payments currency by definition you need to have stable value. So why own it?".
Novogratz also argued that "Bitcoin is analogous to gold", an asset which is hardly used in its physical form for facilitating payments but still holds value.
Also worth noting is that Novogratz's comments come at a time when the "BTC or BCH" dispute is being fanned by Bitcoin.com CEO, Roger Ver, who recently altered the Bitcoin.com block explorer to list BCH as "Bitcoin" and BTC as "Bitcoin Core.".
Imagine some really rich person buys "Bitcoin" from this website, then later on finds out they were actually sold rat poison.
Lastly, the internet's most popular crypto price tracking website, CoinMarketCap, also discreetly removed a link to Bitcoin.com from its Bitcoin currency page.
Billionaire Mike Novogratz Has Had Enough, Says Bitcoin Core Is BTC
Published on May 8, 2018
by Cryptoslate | Published on Coinage
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