Major Exchanges Accused of Selling 'Fake Bitcoins' After Bitcoin Hard Fork
The Bitcoin Knots developer Luke Dashjr has accused major exchanges of selling 'fake bitcoins' after they allegedly skipped running their own full nodes in the wake of a hard fork that swapped SHA-256 for BLAKE2b.
According to Dashjr, competent operators would never list the SHA-256 chain, which he labels as 'Spamcoin', and wants exchanges to stop advertising it as Bitcoin.
No major exchange has listed the forked coin, but one small venue opened deposits under the ticker BTCB2 with bids reaching $82 earlier this week. The bid-ask spread on that venue was a staggering 131.7%, indicating almost no genuine demand.
Miner support for the Bitcoin hard fork never arrived, with signaling peaking at 2.53%, far below the 55% threshold. Since the September 1 split, hashrate on the new chain has continued to fall.