Know Your Bitcoin History. Are You Holding The Fake One?

(Fake in the context of this post is defined as Not Original / Not Genuine with reference to the Bitcoin Protocol.)

In 2009, the Bitcoin Protocol was released. It was called Bitcoin.

In 2017, a group of Core Developers introduced a change in the Bitcoin Protocol called SegWit (Segregated Witness) that was not part of the original design, destroyed the Incentive Based System of Bitcoin, and broke the Chain of Digital Signatures specified in the Bitcoin Whitepaper. It altered the Bitcoin design forever. Their coin is now represented by the symbol BTC and people call it Bitcoin Core (BTC).

In 2018, another group of ABC Developers introduced another controversial and somewhat illegal codes to the Bitcoin Protocol. The controversial code is called CTOR (Canonical Transaction Ordering) and the illegal code is called DSV (DataSigVerify). Again, these altered the Bitcoin design forever. CTOR changed the natural state of Bitcoin Transaction Ordering and DSV enabled the creation of illegal activities on-chain such as Bucket Shops. Their coin is now represented by the symbol BCH and people call it Bitcoin Cash (BCH).

Today, there is only one Bitcoin Protocol that sticks and adheres to the Original Design of Bitcoin. It is now represented by the symbol BSV. We still call it Bitcoin with an emphasis on SV - the Original Satoshi Vision (BSV).

Protocol Matters. The symbols and labels are just representations. It is the Design and Functional Power that will spell the difference. It massively scales to remain as the only Public Blockchain in the world.


Author Vicar Calsado
Published Apr 10, 2019
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