Bitcoin.com Faces Lawsuit Over Confusingly-Labelled Wallet
Bitcoin.com Faces Lawsuit Over Confusingly-Labelled Wallet
Bitcoin.com's habit of calling Bitcoin Cash Bitcoin has led some to mistakenly purchase the former. Simon Golstein | News ( CryptoCurrency ) | Monday, 30/04/2018 | 17:01 GMT
Photo: Reuters
Share this article Bitcoin.com is facing a lawsuit from over 1,000 people for “fraud,” according to Bitcoinist.com. Learn how to buy Bitcoin and Ethereum safely with our simple guide! Bitcoin.com is a domain which both reports cryptocurrency news (with an emphasis on Bitcoin and Bitcoin Cash) and offers a cryptocurrency wallet. Its website claims that more than 2.2 million wallets have been created. It is registered in Saint Kitts and Nevis, an island in the West Indies.
As of April 2014, it has been owned by a man named Roger Ver. Ver is a famous and controversial figure in the cryptocurrency world. Nicknamed Bitcoin Jesus, and later Bitcoin Judas, he is most notable for spearheading the creation of Bitcoin Cash, which came into being via a hard fork of Bitcoin on the 1st of August 2017.
Bitcoin Cash is similar to Litecoin in that it is designed to be a faster version of the clunky Bitcoin. What sets it apart from other cryptocurrencies is that it actually looks to replace its parent. Ver has demonstrated on many occasions how strongly he feels about this – he makes a point of referring to Bitcoin as ‘Bitcoin Core’ and once lost his temper at an interviewer who referred to Bitcoin Cash as ‘BCash’, a moniker which Ver doesn’t approve of.Bitcoin Cash has not succeeded in usurping Bitcoin, but it is nonetheless a popular cryptocurrency which has gained widespread adoption. At the moment it stands at numberfour in the cryptocurrency league with a market capitalisation of almost $24 billion, according to coinmarketcap.com.
The lawsuit concerns the Bitcoin.com cryptocurrency wallet. The complaint is that the website has been misleading users that intend to buy Bitcoin into buying Bitcoin Cash. The Telegram group is called ‘Bitcoin.com lawsuit/victims’ and has 1,065 members.
Looking at the Google Play application store, many of the users have indeed left negative reviews. The wallet appears to function very well, but many users apparently purchased Bitcoin Cash when they in fact intended to buy Bitcoin. Suggested articles
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Simon Golstein | News ( CryptoCurrency ) | Monday, 30/04/2018 | 17:01 GMT
