Bitcoin Cash [BCH] has had a tumultuous time over the past few weeks from sliding on the price charts to become one of the biggest gainers right now. BCH’s biggest proponent has been Bitcoin.com CEO Roger Ver, who has advocated for the cryptocurrency since its inception in 2017.
In a recent interview with Dash’s Joel Valenzuela, Ver touched upon the situation of the bear market and the reasons for the Bitcoin Cash hash war that took place last November. The CEO agreed that 2018 was a big downer and that in some way, the developments had contributed to some success.
He said that it is somewhere in the middle of success and failure but in the end, the price of cryptocurrencies is not the perfect metric to gauge a coin. In his words:
“The price is the least interesting thing about cryptocurrencies, we need to look at what the digital currency actually does instead. If a coin or a network can bring economic freedom for all, then we will be able to say that the field is a success. Last year, the hype of 2017 died down but that is a pattern seen before and will be seen again in the future too.”
The discussion then moved onto the effects of the bear market and pointed out the massive layoffs that occurred in Shapeshift. Ver admitted that the current market behavior had made Bitcoin.com rethink the hiring situation too because budgeting for the future is important. He mentioned that his organization is not a group filled with Bitcoin Cash maximalists but rather will choose anything that will help make payments faster and simpler. Ver added:
“ We like anything that works. BTC just stopped and clearly it was time for other cryptocurrencies to step up. In a way the communities of Dash and BCH are almost similar in the way that both believe in a fully functional payment system that is fast and trustworthy.”
Ver further commented on the famous hash war and said that there was a stark clash in ideologies and many in the community did not like the roadmap put forth by Satoshi Vision and nChain. The CEO was frank in admitting that the animosity between the two will not be reconciled anytime soon.
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Bitcoin Cash is ‘stupid’ and Roger Ver is a ‘scammer,’ claims Blockstream’s Samson Mow
In the latest edition of Magical Crypto Friends, Blockstream’s Samson Mow, CSO of Blockstream, criticized Bitcoin’s fork coins and their influential proponents.
Whale Panda, one of the most popular influencers in the crypto-ecosystem, addressed a myriad of subjects on the episode. One such subject was Bitcoin Cash [BCH] reversing a malicious entity’s transaction via a 51% attack. He started out by addressing the much-hyped fork coin attack and said,
“.. after the hard fork someone claimed the segwit coins and two [mining] pools and colluded took them for themselves to redistribute them to righteous owners”
Countering the former’s use of the term “righteous owner,” Samson Mow, who has been critical of Bitcoin Cash, took a shot at the community and added,
“How do you even know who owned them? [..] they just they gave the coins back under the rule of Finders Keepers”
According to Whale Panda, the attack highlighted how vulnerable the Bitcoin hard fork coin is to attacks. Following the statement, Mow called Roger Ver, CEO of Bitcoin.com and popular BCH enthusiast, a “scammer,” adding that the “only thing that matters is that BCash is stupid.”
He further explained that the entire reversal of transactions was possible in BCH because of “low hashrate” and would not have happened in Bitcoin Core [BTC]. Agreeing with Mow’s statement, Charlie Lee, creator of Litecoin [LTC] said,
“.. that’s true because if Bitcoin Cash, really does like die from this they can just go back to mine Bitcoin and they wouldn’t really lose their cash cow, right. Their miners won’t be worthless, but if they did this on Bitcoin and really hurt Bitcoin’s value, it’s gonna hurt their profitability by quite a bit.”
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