Where is your Bitcoin? Bitcoin Cash Wallet Confuses Users
In the past few days, the cryptocurrency community has noted a glitch- the Bitcoin.com website that in fact supports Bitcoin Cash, is offering a wallet with the potential to mislead. The wallet supports Bitcoin Cash as the default asset.
Wallets downloaded fromhttps://t.co/FlnkkVMmCjare Bitcoin Cash (BCH) wallets by default. Please do not use this wallet unless you know what you are doing. People are losing their hard earned#Bitcoinbecause of someone else's (https://t.co/FlnkkVMmCj) stupidity.$BTC$BCHpic.twitter.com/RylzWqWLvF— Blockchainlife (@Blockchainlife)November 21, 2017
A Reddit user called the wallet a scam, but it is a valid wallet with a misleading feature. The problem is that new users sending Bitcoin to a valid address on another blockchain will lock away and lose their funds. In addition, Bitcoin.com is not the website for the original digital asset, which is Bitcoin.org. All of this increases the risk of users buying the wrong asset in error, or moving Bitcoin to a wallet set up by default for the forked blockchain.
The latest download of the wallet looks like it has separate, different-colored wallets for both assets, but Bitcoin Cash has an icon at the top:
A campaign is going on to suppress the wallet, and Bitcoin Cash supporters are staging their own campaign to upvote it.
for those who want to fight for bitcoin cash, the current situation is that r/bitcoin. are all trying to downvote thehttps://t.co/3CrhNRbjgiwallet from the play store and app store. due to making bch a listed wallet along side bitcoin. please go and rate it high. do it for bch— Elliot (@sashandiggers)November 21, 2017
Bitcoin.com moved all its resources to support Bitcoin Cash right after the SegWit2X hard fork was revoked by the team, and the organization, led by Roger Ver, announced the intention beforehand. At the moment, the Bitcoin.com mining pool is one of the most active on the Bitcoin Cash network.
Bitcoin Cash spent the first months of its life as a project with no claims on Bitcoin's position. Butlately, Bitcoin Cash has made claims it could serve as the leading digital asset.
Right now, Bitcoin is enjoying unprecedented popularity, and Bitcoin Cash has started positioning itself as the better alternative. On the weekend of November 12, Bitcoin Cash rose to unseen heights near $2,500 on the Korean markets, but later fell by half. The event turned out to be a temporary panicked move and showed that Bitcoin Cash could not displace the leading coin in a short time.
But the events increased the publicity profile of Bitcoin Cash, affecting the cryptocurrency community more and more.