The question is - can they legally say "Bitcoin Cash is the real Bitcoin" even though "Bitcoin" is older, and obviously much more popular?
Is it fraud if someone goes to Bitcoin.com, but then purchases Bitcoin Cash based on the information they received there - only later to find out they don't own the real original Bitcoin they believed they were buying?
Then throw in all the people who accidentally sent BCH to a BTC address and visa-versa - and these are the 'victims' this lawsuit claims to be for.
The just launched site bitcoincomlawsuit.info behind the pending lawsuit describes themselves as:
"A group of 600+ participants from influential industry leaders to community volunteers & contributors who are devoting their time and money to protect users from fraudulent businesses and help victims recover lost funds. Further details will be published after lawsuits have been filed"
Now in what may end up making their defense much harder, Bitcoin.com just last week took things a bold step further - they're now calling "Bitcoin Cash" simply "Bitcoin” within some areas of the site. The word “cash” is nowhere to be found - when they are actually referring to Bitcoin Cash.
It's one thing to say it's the "real bitcoin" in debates and marketing material - but downright dangerous to mislabel them within bitcoin.com, where wallet services are provided and confusion could lead to a massive loss of funds.
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| A bold and risky move of relabeling coins. |
Author: Ross Davis
San Francisco News Desk
