Yesterday, bitcoin’s official website Bitcoin.org was updated with a new look. This version is cleaner in style and more detailed in content than the previous version we are familiar with, but it also takes advantage of this to make some changes.
After comparison, first of all, we will find a big change. The updated Bitcoin.org removes Coinbase, Bitpay, and Blockchain from the list. We all know that Coinbase is one of the largest cryptocurrency exchanges in the world and the largest trading platform in the United States. Bitpay is the world’s largest bitcoin payment service. Blockchain Wallet is the largest bitcoin online wallet in the world. These three companies can be called the three giants of the cryptocurrency industry. But Bitcoin.org has simply removed them from its list.
The main reason for Bitcoin.org’s move is bitcoin Cash. Because all three companies have said they are fully behind Bitcoin Cash, and they are doing so in various ways. Bitpay, for example, first added support for Bitcoin Cash to its Copay wallet, then added BCH to Bitpay merchants, added BCH options to Bitpay’s Visa cards, and recently added BCH support to their POS mobile apps. Retailers using Bitpay can receive BCH payments through Pos applications.
Although these companies have moved to support BCH because of the advantages of Bitcoin Cash, they still provide a lot of business related to bitcoin and remain the three biggest players in the bitcoin space. Bitcoin.org’s move has forced a re-examination of the Bitcoin Core party. They can take some low-level measures to mislead users for their own benefit. This reflects the inner fear of Bitcoin Core. They fear that if they add these businesses to the list, users will learn about Bitcoin Cash through them and switch to supporting Bitcoin Cash instead of Bitcoin Core (BCE).
In addition to the change, Bitcoin.org has reinstated three previous descriptions of bitcoin: “fast peer-to-peer transactions,” “global payments,” and “low fees.” Back in January, Bitcoin.org changed the terms “fast peer-to-peer” and “low fee” to “peer-to-peer” and “fraud proof” because of BCE trading congestion and high fees. And now that the market is once again promoting fast deals and low fees, is BCE really not blocking deals?
Although the price of BCE coins has dropped significantly compared with last year and the transaction volume has also dropped due to the withdrawal of many merchants, it can be seen from the memory pool that BCE is not without accumulative unconfirmed transactions. BCE sometimes has more than 10, 000 unconfirmed transactions. Can you really call it a fast peer-to-peer transaction at this point? BCE’s transaction fees, though down from their peak, are still much higher than BCH’s.
Even more ridiculous is Bitcoin.org’s claim in the low fees section. Nominally mentions “zero or very low fees,” but the explanation below encourages users to pay a slightly higher fee. The BCH community, on the other hand, is working on a true zero-fee transaction. This has been mentioned repeatedly in the recently proposed “Miner’s Choice” plan, which has the support of multiple mining pools.
While Bitcoin.org is a window into Bitcoin, the site is not currently dedicated to the actual Bitcoin, but to the Bitcoin Core.
Bitcoin Core is no longer the Bitcoin advertised on the site, but Bitcoin cash is the real Bitcoin that best fits those characteristics. What Core is doing is misleading its users and accelerating its demise.