Canada Tech Entrepreneur Bashes Bitcoin Cash Before Committee, Reddit Community Furious

Written by:
C Costigan
Published on:
Mar/21/2018

Speaking before Canada’s House of Commons Standard Committee on Finance Tuesday, Canadian entrepreneur Jonathan Hamel warned: “Pay close attention, other cryptocurrencies are downright scams, like BCash [Bitcoin Cash (BCH)].”

Hamel made no mention in an earlier tweet that he intended to directly attack bitcoin Cash, a cryptocurrency that many in the sector argue is the "true bitcoin".

I will appear today before the @OurCommons Standing Committee on Finance to explain how Canada became a leader in the Bitcoin industry and why excessive regulation could slow down innovation in the Blockchain space

Hamel did make his intentions clear via Reddit, however:

From CoinTelegram:

“Spoiler: I'm gonna say ‘Bcash is a scam’ and it's gonna be archived forever in the Parliamentary records (not a blockchain but still...) Donations are welcome."

The use of the term 'Bcash" is used by some proponents of Bitcoin (BTC) to diminish the cyrptocurrency. 

The request for donations appeared to touch a nerve with some in the Reddit community.

“Asking for donations for a statement you made while a government hearing is kinda undermining the expertise of your whole talk, in the eyes of the listeners and media.. You are aware you are out in public here?
I appreciate straightforwardness but asking for donations on a public forum for a statement made on a governmental hearing is really not smart at all.”

- Aaron Goldstein, Gambling911.com

Business/Financial News

PricePerPlayer Puts More Dollars in Your Pocket as a Bookie

The primary reason that someone goes into business is to make a profit selling a product or service. The main reason why so many people fail at accomplishing this goal is the lack of having the proper business tools to turn their dream into a reality. 

'Bitcoin Jesus' Fights Extradition Back to US

“They don’t like me, and they don’t like my political views, and they just came at me every which way,” Ver told Bloomberg News in an exclusive interview in late October.

Syndicate