It seems like the BCH crowd have skipped the middle man of duping unsuspecting buyers into thinking they are Bitcoin and are now asking for money directly—this time under the guise of an illegitimate website: bitcoin.foundation.
The website can be dismissed as a scam once you see it. Headed “Bitcoin Foundation: a purely peer-to-peer foundation,” it gives no information ab out itself other than to say that “The Bitcoin Foundation Promotes Bitcoin, Bitcoin related peer-to-peer technologies, and human rights.”
It then asks for donations. After the above quote, there is merely a header ‘Donate Bitcoin’ followed by a line saying that “after donation you are required to provide us proof by signing a message with the Bitcoin address you donated from. Please send an email to email@example.com with your signed message.”
Exactly what this proof is for is unclear, since the illegitimate website offers no information as to what a donation to the ‘Bitcoin.Foundation’ actually does. Does it give you membership? Is it to support the promotion of “Bitcoin related peer-to-peer technologies and human rights”? Or does it directly line the pockets of whoever is running this site? Probably option A is correct, obviously it isn’t option B, and can feel confident assuming that option C is correct.
Wo is behind all of this? The e-mail account listed on the page can be traced to a now-deleted Reddit thread from two months ago. The post, originally made to the BCH subreddit and which can still be viewed on Reddit archive services, is titled “I offering my full support for Bitcoin Cash” and was created by someone with the username ‘satoshinnakamoto’.
The user looks to be soliciting suggestions on the best use of his bitcoin.foundation website. In the thread, the user says he wants the entirety of bitcoin.foundation to “be about Bitcoin Cash” and that “Bitcoin Cash actually in my opinion can and will lift out people of extreme poverty! This is why I must promote it on bitcoin.foundation!” In light of the fact that the site now exists solely to receive money under the guise of donations and a non-existent foundation membership, it seems unlikely that the poor saw any benefit from this venture.
The account is responsible for other comments, the substance of which oscillate between begging Roger Ver for investment to praising Bitcoin cash as the only true Bitcoin to complaining that Ver only invests in scams. Indeed, this scam is reminiscent of other BCH-affiliated dupes, especially the Bitcoin.com and Bitcoin.org practice of advertising themselves as ‘Bitcoin’ while actually offering its lesser imitators, such as BCH, and relying on naïve users to not know the difference.
Bitcoin Association remains the only industry organization which represents the true BTC community. Any websites pretending to do the same—particularly if they are selling you Bitcoin or otherwise asking for your money—should be treated with great suspicion.