Trending Bitcoin News and Market Sentiment February 2nd, 2020: Twitter Goes Full Bitcoin While Joining ETH Founder in Bashing Bitcoin Forks

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Bitcoin
  • Bitcoin makes a daily high so far of USD 9,465 (CoinDesk) amid a sustained rally across the crypto market
  • A new set of crypto emojis on Twitter celebrate Bitcoin’s logo, puts down Bitcoin forks and other alts

 

Bitcoin price makes a new attempt to scale new heights this year, and while it has not broken the record yet, the fact that it continues to trade above USD 9,000 for the third straight day running is making a strong case for consolidation ahead of a massive bull run.

And altcoin markets are gaining on the ever-growing confidence of BTC, with ETH looking to storm USD 190 and heading towards USD 200 (which our own analyst also agrees with) while all other coins are remarkably green on a Sunday for positive price action.

It remains to be seen, as usual, what brought this on, but social media is awash with good sentiment following the addition of Bitcoin emojis to Twitter, one of the world’s most popular social media platforms. Now, whenever the hashtag for the most-traded digital currency is used (#Bitcoin), the world-famous icon automatically appears.

While the news that Bitcoin is loved by Twitter CEO Jack Dorsey is not new, the addition of the emoji will certainly help push recognition of Bitcoin throughout the world with this news. At the same time, however, Twitter does seem to have taken a dig at forks like Bitcoin Cash (BCH) and Bitcoin Satoshi Vision (BSV)… if you use #BSV or #BCH, for example, you will see a lump of dung next to it as its emoji.

Clearly, Dorsey has taken to seeing the Bitcoin forks, which threatened once to split up the Bitcoin community, as nothing more than “shitcoins”, which is what Bitcoiners famously call most alternative cryptocurrency.

Of course, BCH and BSV are not the only ones jokingly being made fun off, with so many of the other Top 10 crypto by market capitalization given the same pile of dung, including Binance Coin, Ethereum Classic, Litecoin, EOS, Ripple and Cardano. Curiously, ETH is given a unicorn emoji and one wonders if Dorsey is allied with Ethereum co-founder Vitalik Buterin, who has also recently called out Bitcoin Cash in a series of Tweets of his own a day earlier, insisting that BCH was NOT Bitcoin.

In a recent tweet, Ethereum network co-founder Vitalik Buterin said BTC and BCH are not the same.

Buterin Tweeted at first in response to an accusation by Brad Mills that he had been promoting the BCH fork, despite insisting before that the two are not the same as early as 2017 when Bitcoin Cash split from Bitcoin in a contentious fork. He said:

“Bitcoin Cash is not Bitcoin.”

Of course, later in the year, he did say:

“I consider BCH a legitimate contender for the Bitcoin name. I consider bitcoin’s *failure* to raise block sizes to keep fees reasonable to be a large (non-consensual) change to the ‘original plan’, morally tantamount to a hard fork.”

He did continue that on by saying:

“That said, *right now*, I think trying to claim ‘BCH = bitcoin’ is a bad idea, as it *is* a minority opinion in the ‘greater bitcoin community.”

Dorsey, in his introductory Tweet to show off the new BTC emoji, tagged Unicode, the consortium managing the character standard, asking them to consider doing the same. Lightning Labs co-founder Elizabeth Stark are among those who like the idea, joining Dorsey’s appeal to Unicode, which has asked others to do it. Even Tron founder Justin Sun and Binance CEO Changpeng Zhao have asked to share it, though they may not have realized their own altcoins have been tagged as dung coins.

Dorsey, who also co-founded the Square app, has seen his mobile payments app growing in popularity, with Bitcoin buys still very much active on it. He has also put into place a dedicated Twitter team that is apparently building a decentralized standard for social media.

 

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