Wall Street-Turned-Crypto Exec Novogratz Claims ‘Enough Already’ To BCH-Promoting Tweet

cryptocuser 2 min read 320

The debate of brand-legitimacy inside the Bitcoin community vanished after a hard fork in the top cryptocurrency’s blockchain made Bitcoin Cash in August, 2017. Bitcoin Cash routine changes have been made to ease the scalability of their cryptocurrency, intending to make transactions faster and more economical.

Enough already. Bitcoin heart is BTC. It’s a store of value. It’s gold that is digital . It is market cap dwarfs bitcoin money. If you would like to be a obligations currency by definition you need to have stable value. So why possess it. ??

The struggle between BTC and BCH practically reached the stage of a suit overdue. Members of the pro-BTC community began a campaign to gather funds to get a suit alleging that crypto media and wallet service Bitcoin.com — headed by BCH-proponent Roger Ver — was intentionally deceiving buyers to buy BCH by diluting its own differentiation from BTC. Since Cointelegraph reported, the litigation has been scrapped, with the organizers.

Novogratz’s tweet was an answer to a May 4 article in the Bitcoin Cash-promoting Twitter handle @Bitcoin. The @Bitcoin article asserted “Bitcoin Cash is your oldest cryptocurrency” and that “Bitcoin Core (BTC) is still an experimental currency that doesn’t have a paper”

Novogratz, named one of the richest individuals in crypto before this year, completely entered the cryptocurrency market in 2015 following a lucrative 26-year career on Wall Street, equally in Goldman Sachs and Fortress Investment Group. According to Bloomberg, Novogratz was able to raise $250 million to his new enterprise, the cryptocurrency merchant bank Galaxy Digital, although cryptocurrency markets were collapsing from record highs in December, 2017.

Former Wall Street executive Michael Novogratz weighed in about the Bitcoin (BTC) vs Bitcoin Cash (BCH) debate in a tweet Saturday, May 5. Novogratz defended BTC’s status as the first cryptocurrency referred to in Satoshi Nakamoto’s 2008 whitepaper, and the real holder of the ‘Bitcoin’ brand.

In addition to defending the brand recognition of Bitcoin — confusingly referred to as Bitcoin Core, the name of its software client, with its detractors — Novogratz recorded other perceived characteristics of Bitcoin, taking a stab in Bitcoin Cash along the way: “[BTC] is a store of value. It’s gold that is digital . It is market cap dwarfs bitcoin money [sic].”