In a recent interview, Craig Wright, the Chief Scientist at nChain, revealed about the recent meeting regarding the Bitcoin Cash [BCH] blockchain split. However, he reportedly walked out of the meeting early calling the “load of bullshit”, among many other things.
In the interview with Crypto Strategies, Wright said, “basically we have a rehash of core, except this time it’s ABC” hinting at the developer team which is head by Bitmain’s efforts. He further added that they don’t have the hashpower which is required to take over the Bitcoin Cash blockchain and therefore they’re trying to “scare people”.
“That worked in the past because we had proof of social media. Because the way that Bitcoin used to work is lots and lots of tiny miners would be made to move using fear and uncertainty from one pool to another.” Wright explained, “Now, we have enough between a few groups who are in agreement to have enough hashpower to have 50% anyway so that doesn’t work anymore.”
In the interview, he further went on to say things about Bitmain CEO , Jihan Wu, mention that his “modus operandi” is to fork and cause a split in the Bitcoin Cash chain again. Wright said, “He [Wu] just wants to have many many coins competing. He doesn’t want global money. He just wants exchanges to have lots of little shitcoins that people can gamble on because they get a cut of everything that happens.”
While talking about the last year chain split between Bitcoin and Bitcoin Cash, he stated: “There was no fork of Bitcoin it was a split. It was intentional, the way that it was done was wrong they put in replay protection and a lot of rules to make it separate and keep it seperate.”
About the recent Bitcoin Cash [BCH] issue and potential split, he said: “We’re not going to allow any split…If someone tries to do that to ABC, we have more hashpower, we will dedicate it to their hashpower. There is no split. You split, we bankrupt you. This is how Bitcoin works. You don’t like it, stiff.”
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