Tag Archives: Jihan Wu

Why does Jihan Wu hate “Bcash”?

At a conference a man refers to Bitcoin Cash as “Bcash” and Jihan Wu gets his panty in a bunch, “Maximum disruption” yelling out “Iss Bitcoin Cash! Not Bcash!”

The question is, WHY Jihan do you really care so much what people call your altcoin? I have a theory.

One of the main reasons Bitcoin Cash is even “a thing” right now is because of it’s parasitic nature, not only does Bitcoin Cash copy Bitcoin’s logo, they also steal the priceless branding that bitcoin and it’s team of developers have built.

Bitcoin Cash (BCC) surprised us all

Bitcoin Cash August 1st, 2017 UASF split Bitcoin into 2, BTC and Bitcoin Cash (BCC/BCH) * causing massive stress, panic, excitement amongst bitcoin holders.

Bitfinex automatically credited about 85% of BCH tokens to users while we were expecting 1:1, the reason why was posted on Bitfinex BCH distribution update here.

The price was almost instantly around $450 usd when I tuned in and sold from $450-680 and it maxed out at $693 yesterday August 2. The price soaring was a shock since most bitcoin enthusiasts believed Bitcoin Cash to be a shitty altcoin that would die ASAP. Reddit had hired posters helping to push the hype. My theory is that Chinese investors $$$ was the probable cause of the huge gains, possibly funded or partially funded by Jihan Wu *, who was a strong supporter of BCC/BCH.

With HitBTC opening BCC/BCH wallets first, and the price going so low as $200 (0.08 BTC) I think this is solid proof that opening wallets on other exchanges will drive the price down of Bitcoin Cash.

List of Exchanges & wallets that supported the token split: Bitfinex, Bithumb, BitstarEx, Bittrex, BTCbox, BTCpop, CoinFloor, Huobi, Korbit, Kraken, MercadoBitcoin, Okex & Okcoin, Toubi, ViaBTC.

You can check the current market rates per supporting exchange at CoinMarketCap Bitcoin Cash page here.

List of Exchanges & wallets that did not distribute tokens: Bitstamp, Bleutrade, Coinbase, Cryptopia, GDAX, Gemini, Poloniex.