Friday, 17 August 2018

CoinMarketCap Removed Bitcoin.com From BTC Page

One of the world’s foremost cryptocurrency price tracking site by the name of CoinMarketCap (CMC) has removed Bitcoin.com from the Bitcoin page without any announcements as to why it made the move.
While there was no clear announcement about Bitcoin.com being removed from its BTC page, the reason why the CoinMarketCap tracking site has removed Bitcoin.com from its BTC page is actually quite clear. The website Bitcoin.com has recently been coming under a lot of fire from the Bitcoin community for being a misleading website that is encouraging people to buy Bitcoin Cash instead of Bitcoin by saying that Bitcoin Cash is a more reliable currency and has a greater store of value than the original Bitcoin.

Bitcoin.org Only

As of the press time on the 7th of May, CoinMarketCap has only one website and that is Bitcoin.org. Bitcoin.com was started off by Roger Ver who is one of the major cryptocurrency investors. When the Bitcoin blockchain saw a hardfork back in the August of 2017, it saw the formation of Bitcoin Cash, an alternative blockchain which split from the original Bitcoin blockchain. Roger Ver is one of the biggest supporters of Bitcoin Cash and strongly believes that Bitcoin Cash is a much better cryptocurrency than the original Bitcoin.

After the fork took place in August, Bitcoin.com launched a new crypto wallet which created accounts for both Bitcoin and Bitcoin Cash. The wallet shows Bitcoin Cash as the first option which should be more “preferable”. As of the press time on the 7th of May, Bitcoin.com is still offering Bitcoin Cash as the default cryptocurrency while keeping Bitcoin as a secondary option.

Attempted Lawsuit

The website Bitcoin.com was seen as clearly being misleading towards all cryptocurrency investors and blatantly promoting Bitcoin Cash over Bitcoin. The 27th of April saw a group of Bitcoin supporters create a website. This website was made for the sake of raising the necessary funding that will be required to take Bitcoin.com to court for the fact that it has been misleading the cryptocurrency users intentionally to buy Bitcoin Cash instead of Bitcoin. The movement was scrapped altogether after a while with the initiator of the movement saying that they have not been able to accumulate the necessary funding in order to make a proper court case against Roger Ver’s Bitcoin.com. All the funds which had been gathered by the website have since been refunded to all those who had made the contributions.

Bitcoin.com CEO Unfazed

In spite of many people calling out the CEO of Bitcoin.com of blatantly misleading people, it seems that Roger Ver is completely unfazed. He continues to promote Bitcoin Cash as a better cryptocurrency than Bitcoin and as a better store of value. He has even taken to Twitter to express his opinion about Bitcoin Cash being better than Bitcoin. There has yet to be an announcement made from CoinMarketCap about the removal of Bitcoin.com.

Charlie Shrem is a Bitcoin pioneer, a social economist and digital currency trader. His work in this field is legendary. In 2011, at the dawn of the crypto era, he founded BitInstant, the first and largest Bitcoin company. In 2013, he founded the Bitcoin Foundation and serve as its vice chairman. Since then, Charlie has advised more than a dozen digital currency companies, launched and managed numerous partnerships between crypto and non-crypto companies, and is the go-to guy for some of the world’s wealthiest entrepreneurs. In short, he is the ultimate insider at the epicenter of the crypto universe.


source: Cryptodaily.com 
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