The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

I Heart Wu – McAfee Pitches Tent With Jihan Wu in Ongoing Bitcoin Cash Hard Fork Feud

by Winston Nguyen
November 17, 2018
in HodlX

HodlX Guest Post  Submit Your Post
 

John McAfee on Thursday publicly declared his support for Jihan Wu in the ongoing Bitcoin Cash brouhaha.

The famous internet security guru and cryptocurrency loudmouth also accused Bitcoin developers of being egotistic, leading to the current impasse.

McAfee Stands With Bitmain’s Wu

In a tweet published on Thursday (November 15, 2018), McAfee shared a screenshot of an email purportedly sent to Bitmain co-founder Jihan Wu. In the message, the cryptocurrency permabull declared his support for Wu amidst the tussle currently happening within the Bitcoin Cash community.

According to McAfee, those who support the Craig Wright faction in the Bitcoin Cash civil war are ignorant of the realities in the industry. For McAfee, Wu is the “only real power” in the cryptocurrency space.

In a later tweet, McAfee also condemned the action of Bitcoin developers, blaming them for the current situation. He also went on to say that cryptocurrency project developers ought to serve the community at large and not try to uphold some arbitrary technological ideals.

McAfee is never one to shy away from any issue whether it is politics or cryptocurrency. Recently, he classified security tokens as inferior technology while campaigning for the emergence of high anonymity cryptocurrencies.

Bitcoin Cash Civil War

With the hard fork happening on Thursday, McAfee’s comments seem likely to add more fuel to an already raging inferno. Wright, the other principal actor in the saga, is known for being a controversial personality in the industry.

His refusal to accept block-size limitations in 2017 was a contributing factor in the emergence of the Bitcoin Cash hard fork in the first place. There is also the little matter of him claiming to be Satoshi Nakamoto – the Bitcoin creator. This claim has, however, been discredited on several occasions.

Now, Wright is once again at the center of another controversial issue. Allying himself with Calvin Ayre, the billionaire owner of Coingeek, the largest BCH mining pool, Wright wants to frustrate the planned BCH hard fork which resulted in the emergence of ‘Bitcoin ABC’ supported by Wu and Roger Ver.

The main bone of contention lies once again in the increase in block size limits. This time around, Wright is against the proposed increase from 8MB to 32 MB and is trying to force the community to choose the so-called ‘Bitcoin SV.’

Wright continues to threaten relentless attacks on Bitcoin ABC, Bitcoin itself, as well as the general cryptocurrency market if he doesn’t get his way. The fallout from all the uncertainty surrounding the saga is even believed to be a reason for the crash in the market.

On Wednesday (November 14, 2018), Bitcoin along with the majority of the altcoin market plunged by an average of 12%. The top-ranked cryptocurrency fell to $5,600, its lowest level since October 2017. The entire market also shed more than $25 billion in market capitalization.


Winston Nguyen
Winston is a full-time marketer and writer primarily working in the crypto space. His writing has appeared on RT.com and Engadget. In his spare time he enjoys gaming and narrative writing.

 

Check Latest Headlines on HodlX


Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements
 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
 

 

Submit a Press Release

Industry Announcements

  • TRON Mainnet Celebrates Fifth Anniversary and Stands Now As the Preferred Global Blockchain
    June 8, 2023
  • Blockchain Pioneer Acquires International Fashion House Blk DNM
    June 7, 2023
  • WOW EARN Launches Its Crypto Wallet on iOS and Google Play
    June 7, 2023
  • BinaryX and AiGC Labs Developing First AI-Powered Virtual Reality Game on the Metaverse
    June 7, 2023
  • The Importance of Crypto Payments in 2023
    June 7, 2023
  • Proof of Talk 2023 – Two Days To Restore Trust in Web 3.0 and Design the Future of the Industry
    June 7, 2023
  • OKX Partners With Komainu, Enabling 24/7 Secure Trading of Segregated Assets Under Custody for Institutions
    June 6, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$26,496.10
$26,496.10
0.57%
Ethereum
$1,839.03
$1,839.03
0.16%
Cardano
$0.320647
$0.320647
0.51%
XRP
$0.525241
$0.525241
1.14%
Dogecoin
$0.067918
$0.067918
0.66%

Spotlight

  • Popular Crypto Analyst Issues Major Bitcoin Alert, Says BTC Ripe for a ‘Flush Down’ – Here’s Why
    June 1, 2023
  • Is XRP About To Rally? Crypto Analytics Firm Santiment Says One Metric Is Flashing a Historically Bullish Signal
    June 1, 2023
  • Top Trader Says Ethereum on Cusp of Breakout Against Bitcoin, Predicts One Surging Altcoin Has More Fuel in Tank
    June 1, 2023
  • Brian Armstrong Issues Warning on China, Says US Putting National Security at Risk With Anti-Crypto Climate
    June 1, 2023
Coinfest Asia Banner
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl