The upcoming November 15 hard fork has been considered as a decisive point for Bitcoin Cash [BCH], with several proponents of the cryptocurrency waiting for the event.
In a recent interview with Crypto trader Ran NeuNer, Roger Ver, the Chief Executive Officer of Bitcoin.com, spoke about the hard fork as well as the conflicts within the Bitcoin Cash system. Ver had also stated recently that he does not really know the impact the hard fork will have on the BCH network but believes in a positive turn. He said:
“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.”
During the interview, Roger Ver also said that the reason why there is so much conflict within the BCH system is because of how decentralized the cryptocurrency is. According to him, everyone agrees that Bitcoin Cash should be accepted as cash across all platforms.
Ver even brought in nChain’s Craig Wright, saying that he is his own person and his comments are not going to have any effects on the platform Craig Wright was also in the news recently when he was attacked by Bitmain’s Jihan Wu who called Wright a “Blockstream spy”. Wu had said:
“From the very beginning, I have had a conspiracy theory that CSW is a spy controlled by Blockstream.”
The CEO of Bitcoin.com also pointed out that there were two ideologies in the BCH network, one that wants the 128 MB block size to be implemented as soon as possible while the other party wants it to be launched in May 2019. The discussion between NeuNer and Ver also informed users that the two factions were led by Craig Wright and Calvin Ayre, while the other size was spearheaded by Jihan Wu.
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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.”
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