United American Corp. maintains Roger Ver, Jesse Powell, Jihan Wu, and Bitcoin ABC all colluded to manipulate the Bitcoin Cash market. Voodoo may also be to blame.
So you lost money mining Bitcoin Cash? Just sue everyone involved in the recent Bitcoin Cash split – everyone, that is, on the Bitcoin ABC side of things.
That's the approach taken by mining outfit United American Corp., which has filed a lawsuit claiming, among other things, that a "tight knit network of individuals and organizations [have manipulated] the cryptocurrency market for Bitcoin Cash, effectively hijacking the Bitcoin Cash network, centralizing the market, and violating all accepted standards, protocols and the course of conduct associated with Bitcoin since its inception."
Given the Lambo-fueled world of crypto, one must wonder what constitutes unacceptable course of conduct – and who exactly is in this nefarious cabal?
The suit names Bitmain and its chief ringleader Jihan Wu; Bitcoin.com and venerable rabble-rouser Roger Ver; Kraken and head troublemaker Jesse Powell; and the untrustworthy Amaury Sechet, Shammah Chancellor, and Jason Cox, all of Bitcoin ABC. ABC is the group behind the recent Bitcoin Cash protocol changes, which Craig Wright so vehemently opposed that he created his own, incompatible changes, resulting in the splitting of the currency[1] into two. Wright's version became Bitcoin SV.
The plaintiff in the suit is disgruntled mining company United American Corp.[2] (UnitedCorp), which announced the suit in a company blog post[3] yesterday, December 6.
According to UnitedCorp, it was just minding (and mining) its own business, trusting that everyone would, again, "abide by the accepted standards and protocols of the network," that are described in Satoshi Nakamoto's white paper. Its self-proclaimed naivete, it says, led to it "investing millions of dollars in development and
