Yes, another trash talk about the infamous coin, Bitcoin Cash and why we should be concerned in the forthcoming months.
I've seen lots of debates and reasoning as to why you wouldn't trust it and the integrity of the people behind it but i have another theory as to why we shouldn't allow this coin to ever get more popular than it already is and why it's important to support bitcoin as the "digital gold" / "store of value" type service that it offers and why if we're looking for a coin with cheap fees etc then why we should push LTC / Ripple / Dash etc, just anything but Bitcoin Cash.
Why? Well if we want the crypto world to get into a mass adoption phase and become the way the world deals with money then there is a PR aspect of selling it to people. We already know that most governments especially the "important" ones such as Russia, China, USA, South Korea, Japan, the EU etc are somewhat hostile towards Bitcoin / crypto etc and the reason why they won't make big moves yet is because they don't quite see it as a threat YET but make no mistake, when they do, HUGE moves at even a UN / WTO level etc will be made on it.
See below for one example of what the UK and the EU feel towards it
Now, things like this are in their infancy but when they chose to ramp it up, what tactic do these governments use in order to force through legislation? Hey, lets stick it into the terrorism / paedophile / crime bubble!
The media have already done a great job in brainwashing the average person into thinking Bitcoin is for criminals, terrorists and paedophilles. Mount Gox / The Silk Road has helped governments tremendously with that. Now lets imagine, that Bitcoin Cash in 6 months / a years time has equaled Bitcoin in value or in a nightmare scenario, surpassed it. I know it's highly unlikely but we don't even actually need this scenario to happen, just bitcoin cash growing at its current rate is a big enough threat to the legality / legal status of Bitcoin and crypto. When the governments then need to make a move on killing crypto etc, all of their ammunition is right there. As mentioned above, look at what they can choose from. Below is a list of people HEAVILY ASSOCIATED with Bitcoin Cash and their lovely contributions to humanity...
Roger Ver, the chief flagboy of BTC ticking the terrorism/fraud box..
https://www.justice.gov/archive/criminal/cybercrime/press-releases/2002/verPlea.htm
https://medium.com/@ssoeborg/could-roger-ver-face-jail-time-again-9ec54df6c918
And following on from his alleged involvement see below his denial of MT Gox being in any trouble
Then we have the lovely "Rick Falkvinge", the Chief Executive Officer of Bitcoin Cash talking about legalising porn..
https://plus.google.com/u/0/110980345342028402481/posts/hXf5uqAwMhW
Not to mention if a government needs harder evidence to push through the "cryptos are for paedophilles" then hey, lets go to the number 2 crypto owner, Vitalik Buterin about his comments on Paedophilia!!
So, so far we have the terrorism and paedophilia boxes ticked as to why cryptos should be outlawed or so heavily controlled that it will be too much hassle to own them... Now, lets think about something else we can throw on the public to show what some of the biggest names in the crypto world are like... hmmm... OOH lets mention Calvin Ayres for extra leverage...
To those that don't know, Calvin Ayres is an ex fugitive who is very vocal on Bitcoin Cash being the new bitcoin blah blah.. see below for reference
https://news.bitcoin.com/calvin-ayre-declares-bitcoin-cash-the-only-bitcoin/
But hey, here's what this lovely man is all about
https://www.pokertube.com/article/calvin-ayre-pleads-guilty-to-misdemeanor
Roger Ver and his pal Calvin :)
Now the three people i've mentioned are heavily involved with bitcoin cash and obviously Vitalik is the boss of the second biggest crypto.. Can you see the writing on the wall here? Why can't we have decent upstanding people as the faces of crypto? I won't even mention John McAfee who if you've seen the film "Gringo, The dangerous life of John McAfee" that whilst he might sometimes speak well of crypto, he is the easiest target for governments to support their motives as to why crypto isn't a trustoworthy thing to hold. I mean, imagine if Roger Ver, or Falkvinge or Ayres ran big companies like Apple, Microsoft, Google etc. They wouldnt even pass security clearance to become a cleaner, let alone a CEO or person of influence.
So, yeah, just to conclude, i really see this as a HUGE forcoming problem for crypto. Governments have got so much ammo as to why we shouldn't entrust our money into an industry that has people like this as the "faces"/?influencers". I also see as this problem materialises, people will move into coins like Ripple, Litecoin etc. Coins that don't have shitty people associated with them and are just interested in their business model etc and pushing it. Hopefully this is how it plays out but i'd be nervous if i held BCH long term as the bigger it gets the more media attacks it wil suffer and rightly so because you are FOOL if you entrust your investments into coins like this when it has such murky people fly its flag.
Hope you agree and let me know your thoughts!
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