Crypto News | Pro-BCH @Bitcoin Account Banned on Twitter

The Bitcoin vs. Bitcoin Cash debate. The biggest rift and the biggest rivalry in the world of cryptocurrencies – echoing Achilles vs. Hector, Plato vs. Aristotle, Stallone vs. Schwarzenegger, is leaving everyone divided, entrenched and hating each other. Yesterday, the eternal debate got a new chapter. @Bitcoin, the aggressively pro-Bitcoin Cash Twitter handle, got suspended indefinitely on Twitter. It is still unclear why @Bitcoin got suspended, but it is most likely due to spamming and abuse, following a number of user complaints. Charlie Lee of Litecoin celebrated the ban, while Roger Ver, now a BCH evangelist, called it the end of free speech in a Twitter post that simultaneously puns the famous scene from Star Wars: Episode III – Revenge of the Sith. A lot of drama ensued, including a poll on which cryptocurrency is more popular/supported on Twitter.

No matter which side of the debate you’re on, one thing’s for sure: Twitter should be a bit more careful when it comes to issuing bans. More and more cryptocurrency organizations from more and more countries are joining the lawsuit against Internet giants regarding the controversial crypto and ICO ads bans. It was all started by Yury Pripachkin, the president of the Russian Association of Cryptocurrency and Blockchain (RACIB). Korean and Chinese organizations soon joined the party, and now the lawsuit is also being backed by blockchain organizations from Switzerland, Armenia, and Kazakhstan. The joint lawsuit will be filed in May in New York.

Also in Switzerland, Andréa Maechler, a member of the governing board of the Swiss National Bank (SNB), said on Sunday that private cryptocurrencies are far superior to their state-issued counterparts. In his opinion, private digital assets are better and less risky, since central bank digital currencies (CBDC) carry immense risk when it comes to financial stability. Maechler also praised blockchain and distributed ledger technology, saying that it has great potential to usher in cheaper and more transparent international payments.

Venrock, a massive venture capital firm started by Laurance S. Rockefeller and the other five children of John D. Rockefeller Jr., recognized another key advantage of cryptocurrencies: fewer gatekeepers. This means that getting into cryptocurrencies is easier and cheaper than traditional investments, since it’s more direct and not as many entities are in the way, charging fees. Venrock (from “venture” + “Rockefeller”), partnered up with CoinFund, a blockchain and crypto research, advisory and investment company from New York. The move was confirmed by David Pakman, a senior partner at Venrock. The Rockefeller empire thus joined George Soros and numerous other prominent billionaires who recognized the potential of cryptocurrencies for growth and development.


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Author: Max Rothstein

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