Amid a floorshow of acrobats, cross-dressers and samurai dwarves, gambling pioneer turned cryptocurrency advocate Calvin Ayre boomed, “This is a great moment in the history of money.”
It might sound a bit nonsensical, but it was far from fiction at a bitcoin cash birthday party in London last week, where a circus-meets-gypsy-themed party gathered the cryptocurrency’s local enthusiasts in celebration of the one-year anniversary of its first block.
As the party proved, the block was a big one – not just in its 8 MB size, but for the crypto history books, so much so that a year later the memory of its birth remains.
So, too, however, does the controversy around the project, which while still one of the world’s largest (securing $10.2 billion in value), continues to have an acrimonious relationship with those backing the blockchain from which it split.
Today, bitcoin cash boasts 32 MB blocks (compared to bitcoin’s roughly 1 MB blocks), which according to enthusiasts at the #BitcoinRebirth party in London’s West End will make the protocol better for use as an electronic currency.
That’s been – rather controversially – the bitcoin cash contingent’s main argument for some time, and as the party proved, they have no plan to give up the fight anytime soon.
“The other branch, it’s not bitcoin technology anymore. They don’t want bitcoin to be used as currency anymore; they want it to be used as digital gold,” Ayre told CoinDesk.
“I wish them good luck with it. It’s just unfortunate they stole the bitcoin name when they did it.”
Unveiled via a retro “Streetfighter” video during the event, the new bitcoin cash logo attempts to hammer home the message that the bitcoin name should be reclaimed, with a fighter using…