In a video released today, November 9, Roger Ver, a major proponent of Bitcoin Cash [BCH] and the CEO of Bitcoin.com spoke about the latest event in the BCH community, i.e., the chain split. Ver mentioned the CTO of Bitcoin.com and revealed his thoughts on the matter.
According to the CTO, the block size debate went nowhere as nobody in the community was taking a stance on the subject, with regard to those who control the hash rate, such as miners.
Ver also described the situation of the ecosystem and discussed miners siding with the big block size. He stated:
“Even when the big blockers wound up having basically the majority of the hash rate – they had more than 50% at one point – they were still scared to set a flag date… Like, okay here’s the date we’re gonna mine the bigger block. And because they were all scared to actually take action we wound up where we are.”
However, Ver also indirectly mentioned Craig Wright, displaying one of his tweets in the video, in which Wright wrote:
“The interesting thing is that under the existing law any exchange taking a DSV tainted coin; any miner verifying a tainted coin and any developer on such system is facilitating crime. You can say permissionless all you like, but you don’t have permission to violate the criminal law.”
At present, the friction among the Bitcoin Cash [BCH] community can be observed due to the ongoing chain split. While one side of the conflict holds nChain’s Craig Wright and businessman Calvin Ayre as the participants, the other side comprises of Roger Ver and Bitmain CEO Jihan Wu.
Both the sub-communities have chosen a different path for the ecosystem. Craig Wright, the self-proclaimed Satoshi Nakamoto wants to go with the nChain implementation whereas Bitmain developers are already working towards the Wormhole protocol and have issued the WHC [Wormhole Cash] tokens for the hard fork.
Subscribe to AMBCrypto’s Newsletter
Bitcoin Cash would be a perfect global coin for daily spending, claims Chainblock’s Federico Pecoraro
Federico Pecoraro, CEO of Italy-based crypto-company, Chainblock, made waves in the cryptospace after he suggested that Italians were shifting to cryptocurrencies owing to the country’s growing economic problems. The 2008 financial crisis hit the Italian economy badly, largely due to the huge public debt accumulated after years of excessive public spending.
According to Federico Pecoraro, the state of affairs offers an opportunity for many people and businesses to benefit from using decentralized money. In what is the most newsworthy bit of his take, he said that Bitcoin Cash (BCH) could be the cryptocurrency that would fit perfectly as a real global coin for daily spending, despite the fact that Bitcoin (BTC) is more likely to emerge as a better store-of-value. He added,
“We’re proud to support it on our products. Indeed, our clients have the opportunity to buy BCH through any of our services.”
Pecoraro also spoke about how Chainblock used the crypto-winter to develop new products and expand its customer base. He revealed that by the end of 2018, Chainblock recorded a 156% increase in transactions and a 144% increase in new users. Federico Pecoraro told Bitcoin.com,
“We love small businesses that want to accept crypto payments but we want to enable as many merchants as we can with a strategic market approach. Our goal is to provide affordable and scalable solutions for both big and small shops and spread real cryptocurrency mass adoption. We plan to enable 5,000 merchants to accept Bitcoin payments.”
Subscribe to AMBCrypto’s Newsletter