• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Trump Linked Firm Trims Stake in Major Crypto Venture, Big Sell-Off Ahead?
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Trump Linked Firm Trims Stake in Major Crypto Venture, Big Sell-Off Ahead?
Nick Szabo

‘Bitcoin Cash is Centralized Sock Puppetry’ Says Bitcoin Pioneer Nick Szabo

Wilma Woo
by Wilma Woo
7 years ago
·
Posted in News, Altcoin Price, Bitcoin, Bitcoin Cash, News teaser
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Pioneering Bitcoin developer Nick Szabo has described Bitcoin Cash (BCash) as “centralized sock puppetry” as analysts voice concern over its network.


Alibaba Hosts 54% Of BCash Nodes

Retweeting findings by software architect Sondre Bjellås, Szabo, who is considered one of the most likely candidates to have created Bitcoin, was candid in his opinion of the controversial Bitcoin hard fork.

"Bitcoin Cash" is centralized sock puppetry. https://t.co/OJJo5vwEfn

— Nick Szabo (@NickSzabo4) December 21, 2017

BCash has embarked on a marketing effort to attract investment on a huge scale this month, with promotional activities by Bitcoin.com CEO Roger Ver in particular gaining notoriety as he entered the mainstream press.

Bizarre social media activity from CNBC, the network Ver had spoken to twice about BCash, cemented suspicions of foul play and even collusion between staff, BCash representatives and Ver himself.

Despite Ver’s adamant reiteration that BCash “is Bitcoin,” technical analysis continues to cast doubt on the fork’s true value.

One area of concern is the nodes which form the BCash network. Bjellås’ work came in response to BitGo engineer Jameson Lopp noticing that over half of its nodes were Alibaba servers in China.

“Compare that to 2% of reachable Bitcoin nodes running on Hangzhou Alibaba servers,” he wrote.

Bjellås then produced a visual representation of the situation, which he manually computed.

The #BitcoinABC (only includes "ABC" agents) distribution of public software nodes visualized in a graph. #Bitcoin #BTC #BCH #BitcoinCash pic.twitter.com/Du1vmd501g

— Sondre Bjellås (@SondreB) December 21, 2017

Decentralization Wins Consensus

On Reddit, Szabo’s comments gained considerable attention and support as proponents of Bitcoin lined up to agree on the essential characteristic of decentralization being required for long-term success.

“I know decentralization is not as sexy a selling point as instant and cheap payments but just remember the following,” the top response reads.

[T]here were many precursors to bitcoin which worked similarly – insofar that they used the internet and cryptography to function – but they were all doomed to fail for one reason: they were centralized[.]

BCash suffered considerable price losses Friday, shedding up to 35% of its value in 24 hours while Bitcoin sustained lighter losses over the same period.

What do you think about Nick Szabo’s perspective on BCash? Let us know in the comments below!


Images courtesy of Shutterstock, Twitter, Youtube

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Wilma Woo

Wilma Woo

Follow

Full Profile

Related Posts

Bitcoin

Bitcoin Gets A Billionaire Boost From Mexico’s 3rd Wealthiest Man

18 hours ago
Bitcoin

Bitcoin Bearish Move Is Over? Higher Lows Chart A Course To $115,482

2 days ago
Bitcoin

War Worries, Bitcoin Gains: Strategy Adds $1 Billion To Treasury

3 days ago
Bitcoin

Bitcoin Risks Testing This Critical Support As Bullish Strength Wanes

4 days ago
Bitcoin

Bitcoin Golden Cross Suggests Potential Surge To $229,000 – Details

5 days ago
Bitcoin Mirrors Gold’s Path – Analyst Sets Cycle Top Targets At $160K-$180K

Bitcoin Mirrors Gold’s Path – Analyst Sets Cycle Top Targets At $160K-$180K

5 days ago
Please login to join discussion

Premium Sponsors

Press Releases

  • From Tour Guide to Financial Freedom: The Inspiring Journey...

    3 hours ago
  • Binance and Coinbase Users Flock to RI Mining Free Cloud...

    3 hours ago
  • Ripple (XRP) Holders Turn to ALL4 Mining to Earn $37,777...

    3 hours ago
  • Cryptocurrency enthusiasts use XRP and DOGE to earn $35,777...

    4 hours ago
  • Israel-Iran War: Crypto Holders Flock to RichMiner Cloud...

    4 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.