Published On: Mon, Nov 20th, 2017

Bait and Switch? Controversial Wallet Defaults to Bitcoin Cash

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The Bitcoin wallet provided by is defaulting to Bitcoin clone Bitcoin Cash (BCH) instead of Bitcoin (BTC). Users sending Bitcoins to a BCH address could potentially lose their coins.
The controversy was brought to light on a posting on Reddit’s /r/Bitcoin, where one user claimed that the wallet defaulting to a BCH wallet is a “scam”. The move is certainly confusing, as the wallet which defaults to Bitcoin Cash is called a Bitcoin wallet and not a Bitcoin Cash wallet.
Reddit user /u/Renben9 posted:
I share your concern. Lots of people will send BTC to the BCH address. To all the geeks who don’t think this is a problem, view it from the perspective of a newbe:
Go to exchange and buy bitcoins
Download bitcoin wallet
Send your bitcoins to your bitcoin wallet
Nothing happens.

Deceptive Name

The  controversial Bitcoin fork, Bitcoin Cash – or BCH, is a clone of Bitcoin which has already been described by The Keiser Report host Max Keiser as a “fraud“;
Bitcoin cash is an alt-coin that has its fans just like many alt-coins. I don& …

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