Your Exchange Is Selling ‘Fake Bitcoins,' Says the Bitcoin Knots Developer

Bitcoin Knots developer Luke Dashjr says major exchanges now sell fake bitcoins, days after the Bitcoin hard fork split his BLAKE2b chain from the network.

He blames platforms that skipped running their own full nodes. Meanwhile, the rest of the market treats his chain as dead.

Bitcoin Hard Fork Sparks a Fake Coin Accusation

The row started on X. Swan co-founder Yan Pritzker asked Dashjr whether he truly believed exchanges skip the node operation.

Dashjr replied that competent operators would never list the SHA-256 chain. "If they did, they wouldn't be selling fake bitcoins now. Unless you're saying it's intentional fraud," he wrote.

Earlier in the thread, he called established exchanges incompetent and accused them of blindly following ex-miners out of Bitcoin. However, that framing rests on his own view of which ledger counts. He has argued for months that spam data on the main chain is an attack on the network. Ripple's former CTO, David Schwartz, dismissed that claim as nonsense.

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