Bitcoin.com Wallet to No Longer Create Bitcoin (BTC) Wallet by Default, Only Bitcoin Cash (BCH) - Roger Ver
In his presentation today at Satoshi's Vision Conference in Tokyo, Japan, Roger Ver said, "I have an announcement I guess I'll make here that I've told just a few people in private, but in the next update to the Bitcoin.com wallet coming very, very soon, we will be dropping Bitcoin Core wallet creation by default and it will only be making Bitcoin Cash wallets by default."
In my opinion, this will most likely result in people who are new to Bitcoin, or inexperienced with it, mistakenly purchasing Bitcoin Cash (BCH) when they think that they are buying Bitcoin (BTC). This may even be the goal, as Ver made his personal beliefs about Bitcoin crystal clear in his speech today when he said, "Bitcoin Cash is Bitcoin."
Don't be fooled. Bitcoin Cash is not Bitcoin. It is an altcoin, created by forking the original Bitcoin blockchain. Bitcoin is BTC, not BCH, Bitcoin Cash, or dare I say, 'BCash'.
The @Bitcoin Twitter handle was claimed in August 2011, however, recently there has been a significant change in the focus of its tweets. During 2017, many of the @Bitcoin tweets were simply retweets of @CoinDesk updates on the Bitcoin (BTC) price. Starting January 3, 2018, the account became much more active, with a strong emphasis on Bitcoin Cash (BCH).
This promotion of Bitcoin Cash has led some to conclude that @Bitcoin has been sold or hacked, and is now controlled by Bitcoin.com or somone involved with the site — an accusation that has been denied. Whatever the case, there is no doubt that @Bitcoin is now being used to push the idea that Bitcoin Cash is the real Bitcoin. And with nearly 700,000 followers, this false message will be spread far and wide.
For more information about Bitcoin Cash and Bitcoin.com read, Bitcoin Cash is Not Bitcoin and Don't Get Burned by the Bitcoin.com Wallet.
Less than two weeks after its release, the second 'Bitcoin to the Moon' merchandise logo has been stolen by counterfeit t-shirt producers who already have it available for sale at AliExpress.com
While these thieves obviously appreciate cool design when they see it, and the logo does promote this website, they will not be let off the hook. It would be easier just to turn a blind eye and take the attitude that it's a losing battle and will happen again anyway. However, if no action is taken, it's like giving the counterfeit operation the green light without even causing them any inconvenience. Bitcoin to the Moon will take a stand.
I'll post an update on the result of the action as soon as it comes to hand.
In the meantime, if you want an official, approved 'Bitcoin to the Moon' t-shirt, you can get one here: Bitcoin to the Moon Merchandise Store.
The number of scam sites that are being set up with the express purpose of stealing Bitcoin from the unsuspecting is on the rise. They often pretend to be connected with legitimate forks of the Bitcoin blockchain, and claim that they can assist you with accessing the associated cryptocurrency dividends.
In order to facilitate you receiving the dividend coins, these sites ask you to enter your Bitcoin wallet seed. This is a list of words that once revealed to the scammers, will enable them to access and steal your Bitcoin. A legitimate site will not ask you for this seed, nor your private key. Never give this information away, no matter what a site claims they will give you or why they say it is needed. There is only one reason and that is to part you with your Bitcoin.
The images above and below are typical of how these types of scam websites are set up. Please note that they are in no way connected to either SegWit2x or Bitcoin Diamond. The perpetrators go to great lengths to impersonate legitimate entities. The look of the fake sites or social media accounts can be almost identical to the real ones, as can the domain names or usernames. For example, one Twitter account I saw replaced the 'i' in 'Bitcoin Diamond' with an 'l' to make 'Bitcoin DIamond', and judging by the number of followers, this subtle deception had worked extremely well.
So keep your Bitcoin seed and private key to yourself, and your Bitcoin will be safe from the scammers seeking it.
Bitcoin.com. It sounds like the name of the most reliable and trustworthy site relating to Bitcoin on the internet. No doubt, many new or would-be investors head straight to that site to learn about Bitcoin. Well, if they download the latest version of the Bitcoin.com wallet, then they're in for a nasty and potentially costly surprise.
Take a look at some of the reviews in the image below and you'll see the potential trap that awaits the unsuspecting investor. The wallet automatically creates Bitcoin Cash (BCH, also known as Bcash) and Bitcoin (BTC, the real Bitcoin) wallets in that order. Someone unfamiliar with the crypto space will most likely be unaware that Bitcoin Cash (BCH) is a separate cryptocurrency, created by hard forking the Bitcoin blockchain and is not the same thing as Bitcoin (BTC).
It would be very easy to see the name 'Bitcoin' in 'Bitcoin Cash' and assume that it is the real Bitcoin, especially since it is the first wallet created. What the wallet downloader expects from a Bitcoin wallet is the Bitcoin they've been hearing about in the news that has hit an all time high above $8,200, not a $1,200 altcoin.
Those who stumble upon this wallet without the knowledge necessary for navigating it safely, may find that ...
'Bitcoin' is in Bitcoin.com, 'Bitcoin' is in Bitcoin Cash, but Bitcoin may not be what they end up with in their Bitcoin.com wallet.
Oh, and if you are someone who is new to Bitcoin and wanting to learn more about the real Bitcoin (BTC) from a reliable source, then visit Bitcoin.org, yes, that's .org :)
Recently I wrote an article about a Bitcoin Gold scam site, claimbtcgpu.org, that was trying to trick unsuspecting visitors into entering the private key to their Bitcoin, under the guise that this was a requirement to claim free Bitcoin Gold. Shortly afterwards, the site was shut down.
Undeterred, the same scammers are back, however, this time they are using the domain name claimbitcoin.gold. They have also set up a twitter account that is strikingly similar in appearance and name to the official Bitcoin Gold twitter account. You can see a screenshot of it in the image at the top of this article. The username of the fake account is Bitcoin Gold @btcgpu, while the official account is Bitcoin Gold @bitcoingold. The use of btcgpu in addition to the name Bitcoin Gold makes it seem particularly official, as btcgpu.org is the official website of the real Bitcoin Gold.
To sweeten the deal, and the appeal of the trap, the scammers are claiming to reward those who sign up with 100 free Bitcoin Gold, in addition to one for every Bitcoin held. Hopefully the fake website and twitter account will be taken down soon, but don't be surprised to see them rear their ugly heads again using yet another domain name and social media account.
You can be sure that you don't fall for this or any other Bitcoin scam, now or in the future, by never sharing your Bitcoin Private Key or Bitcoin Seed. Any party asking for this information is attempting to access and take possession of your Bitcoin.
The image above is of a scam website, claimbtcgpu.org, which has been set up to steal Bitcoin from unsuspecting people who are new to the cryptocurrency space or unaware of the security protocols involved.
While the site claims to assist you in claiming your Bitcoin Gold, it has no association with the real Bitcoin Gold, whose legitimate and official website can be found at btcgpu.org. You can read my article about Bitcoin Gold here.
The scam site looks professional, provides detailed information, has a Bitcoin Gold logo and uses a domain name that is the same as the official site, except for having the word 'claim' at the front. What gives it away as a scam is that it asks you to enter your Bitcoin Private Key or Bitcoin Seed, as can be seen in the image below.
Never share your Bitcoin Private Key or Bitcoin Seed with anyone, because having either of these enables someone to access and steal your Bitcoin. Any website that asks you to provide them is a phishing site that is attempting to scam you. The same goes for emails, texts or phone calls. It doesn't matter what they say, or what excuse or reason they give. The only reason for wanting it is to steal from you. Never, ever do it.
Bitcoin to the Moon is a blog dedicated to following the original cryptocurrency on a journey to its ultimate destination.
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