July 28, 2026

Capitalizations Index – B ∞/21M

Pro-BTC Movement Scraps Lawsuit Against Ver’s Bitcoin.com, Citing Lack Of Funds

Pro-btc movement scraps lawsuit against ver’s bitcoin. Com, citing lack of funds

Pro-BTC Movement Scraps Lawsuit Against Ver’s Bitcoin.com, Citing Lack Of Funds

The pro-bitcoin community movement that galvanized last week against Bitcoin.com has reversed its plans to level a lawsuit against the site, community leader MoneyTrigz announced on the group’s Telegram channel yesterday, May 3.

Members of the movement were outraged that major crypto wallet and media service bitcoin.com — run by prominent bitcoin Cash-proponent Roger Ver — appeared to be intentionally blurring the distinction between bitcoin (BTC) and bitcoin Cash (BCH), and misleading buyers into buying the latter.

On April 27, the group launched a website to gather claimants and donations for a promised lawsuit. However, the apparent initiator of the movement, MoneyTrigz, said yesterday they are cancelling the initiative due to the fact that only $3700 in BTC has been raised so far:

The group’s Telegram channel has amassed 1125 members to press time, and MoneyTrigz is now refunding the 33 users who donated to the effort:

Pro-btc movement scraps lawsuit against ver’s bitcoin. Com, citing lack of funds

Many of the group’s supporters point out that under just the threat of legal action from the movement, bitcoin.com has been forced to make significant changes to the content of its site. Litecoin creator and crypto community influencer Charlie Lee noted one of the changes on Twitter this week:

The group’s response to the decision to pull the lawsuit has been largely positive, with one user saying it was “the first time Roger [Ver] scaled back on his fraudulent practices.”

The battle for brand dominance between bitcoin and bitcoin Cash, a coin whose advocates argue provides better scalability than the world’s top coin, has continued to rage since bitcoin Cash hard-forked from the bitcoin blockchain in August 2017.

Published at Fri, 04 May 2018 10:15:01 +0000

bitcoin

Previous Article

Binance CEO Says Bitcoin’s Recent Dip is a Blip on the Radar

Next Article

Bitcoin in Brief Friday: Farms on Wheels, a Hotel, and Even a Simulator for Miners

You might be interested in …

API marketplace AIKON partners with developer protocol SpringRole

CryptoNinjas API marketplace AIKON partners with developer protocol SpringRole AIKON, a decentralized API marketplace has announced a new partnership with SpringRole, the blockchain powered professional-profile verification and attestation protocol. Aikon’s ORE Protocol helps developers easily […]

Yaoundé Blockchain developer (hyperledger + ethereum) for business training | hyper ledger, erc20, smart contract (private+public) bitcoin [BTC] bitcoin [BTC] cryptocurrency token, coin development, solution architect, bitcoin [BTC] development tr

Yaoundé Blockchain developer (hyperledger + ethereum) for business training | hyper ledger, erc20, smart contract (private+public) bitcoin [BTC] bitcoin [BTC] cryptocurrency token, coin development, solution architect, bitcoin [BTC] development tr Programming Knowledge and JavaScript Knowledge […]

Core dev maxwell: uasf ‘does not measure up to standard’

Core Dev Maxwell: UASF ‘Does Not Measure Up To Standard’

bitcoin core developer Greg Maxwell has newly outlined why he “does not support” a user-activated soft fork (UASF) as it figures in BIP 148.


Maxwell: UASF ‘Guarantees Disruption’

In a circular to the Core mailing list Friday, Maxwell said that although he is not strictly against a soft fork, its incarnation in BIP 148’s UASF does not “really measure up to the standard set by segwit itself.”

The debate over whether to galvanize the entire bitcoin ecosystem into Segwit activation via a UASF has gained considerable traction over the last month.

Proponents say it is the quickest way to move bitcoin on from its current stalemate, yet detractors highlight its disruptive nature as a reason for caution. If a UASF occurred, for example, non-supportive miners would find their blocks invalid after the deadline, and would not receive rewards for their work.

Maxwell too notes that this “disruption” is a key difference between a UASF and segwit activation via miners.

“The primary flaw in BIP148 is that by forcing the activation of the existing (non-UASF segwit) nodes it almost guarantees at a minor level of disruption,” he continued. “Segwit was carefully engineered so that older unmodified miners could continue operating _completely_ [sic] without interruption after segwit activates.”

 

Time Still Not Of The Essence

Despite the increasingly slow and expensive nature of the bitcoin network, Maxwell still advocates a measured approach without speed as a priority.

…The fastest support should not be our goal, as a community– there is always some reckless altcoin or centralized system that can support something faster than we can– trying to match that would only erode our distinguishing value in being well engineered and stable.

First do no harm.’ We should use the least disruptive mechanisms available, and the BIP148 proposal does not meet that test.

The developer has meanwhile found himself under fire lately from bitcoin Unlimited proponents, notably Roger Ver, who released a dedicated presentation with quotes from Maxwell highlighting alleged errors.

“It’s important the users not be at the mercy of any one part of the ecosystem to the extent that we can avoid it– be it developers, exchanges, chat forums, or mining hardware makers,” Maxwell concluded.

Ultimately the rules of bitcoin work because they’re enforced by the users collectively– that is what makes bitcoin bitcoin, it’s what makes it something people can count on: the rules aren’t easy to just change.

Meanwhile, bitcoin’s recent price spike over $1,200 has been attributed by some to a sharp rise in the number of UASF-signaling nodes. Though this does not necessarily imply causation, the price has also dipped following the publication of Maxwell’s post.

What do you think about Greg Maxwell’s perspective on a UASF? Let us know in the comments below!


Images courtesy of uasf.org, twitter.com, shutterstock

The post Core Dev Maxwell: UASF ‘Does Not Measure Up To Standard’ appeared first on Bitcoinist.com.