26 Jul '17, 6pm

Bitcoin Investors Should Not Fear August 1 Chain Split

Bitcoin Investors Should Not Fear August 1 Chain Split

It has become likely that Bitcoin Cash will be created by a group of miners led by ViaBTC on August 1. However, investors should not fear the creation of Bitcoin Cash. Last week, some of the largest and leading Bitcoin exchanges and businesses including Coinbase and BitMEX clarified that they are not in favor of Bitcoin Cash and thus, cannot support the hard fork led by ViaBTC. Coinbase emphasized that it is not willing to support Bitcoin Cash due to its contentious nature, while BitMEX noted that Bitcoin Cash will likely lead to serious security issues. “BitMEX will not support the split or distribution of Bitcoin Cash, nor will BitMEX be liable for any Bitcoin Cash sent to BitMEX. Therefore, it is up to our users to withdraw from BitMEX prior to August 1st if they wish to access Bitcoin Cash tokens or any other hardfork,” said BitMEX. Bitmain, arguably the most influenti...

Full article: https://cointelegraph.com/news/bitcoin-investors-should-n...

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