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July 4th, 2015. A day in bitcoin history.

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On july 4th, 2015, the Bitcoin blockchain forked. There were multiple pools found running software that didn't validate previous transactions before building upon the next block. The most notorious being F2pool and Bitmain, performing what is known as SPV mining.

These pools were also known to SPY mine, essentially mining empty blocks, therefore not helping clear the memory pool.

To justify their software that caused a fork in the blockchain, they claimed the Bitcoin network was too congested, helped create, and were contributing to the problem. These entities subsequently partnered with other prolific names, attempted to change the foundation that bitcoin was founded upon and failed. Thus creating Bitcoins bastard cousin we know today and the "hash wars" began in an attempt to solidify their fork.

Craig Wright even coat tailed the idea, creating his own bastard spawn.

Here we are 6 years later and Bitcoin is still churning just fine. Don't fall for the traps.

submitted by /u/WhiteGoldTeef
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