The central theses
- Domain registrar GoDaddy briefly and falsely put Bitcoin.com up for sale, with a price tag of $ 100 million.
- Roger Ver, Bitcoin Cash Leader and operator of Bitcoin.com, commented on the incorrect listing on Reddit.
- It’s not clear why the problem occurred, but it is one of many branding problems for the Bitcoin Cash community.
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Web domain registrar GoDaddy briefly listed Bitcoin.com as available on Monday for a price of $ 100 million.
Bitcoin Cash Leader owns the domain
The Bitcoin.com web domain is currently the address of Bitcoin.com, a website of Bitcoin Cash market leader Roger Ver.
Roger Ver suggested that people on social media are responsible for spreading the news in hopes of harming his Bitcoin Cash brand by making the coin appear at risk.
“It seems strange that Jameson Lopp and other BTC maximalists should be spreading false news that Bitcoin.com is for sale on the day that Bitcoin Cash is pumping,” Ver wrote on Reddit in response to Lopp’s Twitter post. “If that’s true, the BCH would clearly be very damaging. Maybe this is just another dirty trick by the BTC maximalists. “
However, other explanations seem more likely. Other commentators pointed out that Bitcoin.com is owned by Namecheap. That means GoDaddy is renting the Bitcoin.com domain. As a result, control of the domain cannot be completely transferred to those who buy it. That would apparently give GoDaddy a reason to seek higher bidders.
At the time of posting, GoDaddy removed the web domain from its listings but did not comment or explain its error.
Bitcoin Cash branding issues
The news is relevant in light of other branding issues Bitcoin Cash has been going through recently. Circa 2018 Bitcoin.com attracted negative attention for promoting Bitcoin Cash via Bitcoin and potentially misleading uninformed investors into buying an inferior coin.
@Bitcoin’s Twitter account has also changed hands in recent years, which sparked further controversy in 2019 as the account’s new owner shifted his focus from Bitcoin Cash to Bitcoin itself. Ver noted on Reddit today that the Twitter account was sold and that it wouldn’t lose the domain in the same way.
Given that parts of the Bitcoin Cash community are trying to define Bitcoin Cash as the true successor to Bitcoin, it is likely that more branding conflicts will arise in the future.
Disclaimer: At the time of writing, this author owned Bitcoin, Ethereum, and Altcoins valued at less than $ 75 and did not own Bitcoin Cash.
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