On 22nd September, the CEO of Bitcoin.com, Roger Ver conversed with Zane Tackett, the Head of OTC Sales at B2C2 wherein they discussed the reason for institutions and cryptocurrency enthusiasts “transitioning” from Bitcoin to Bitcoin Cash and other altcoins. Roger Ver said:
“I’ve known you for a while but a lot of people who aren’t hardcore cryptocurrency enthusiasts will have seen you around. So you first worked at OkCoin, one of the bigger exchanges in China and then you were at BitFinex, arguably the biggest exchange in the world. Now you’re busy doing OTC stuff, is that right?”
Roger Ver believes that Zane has seen progression because he used to be a Bitcoin Maximalist and did not care much for Bitcoin Cash. Moreover, Tackett stated that he used Bitcoin on a daily basis and even accepted his salary in BTC.
He further added that the first time he used Ethereum for a transaction was when Bitcoin began to charge $50 for each transaction. He refused to pay $50 to move money around. Additionally, Ethereum was doing it at a fraction of the cost. He stated:
“I remember sitting at my computer and going ‘oh my god I can’t believe I’m about to use Ethereum over Bitcoin and I was a Bitcoin maximalist through and through. I had earlier fought against having Ethereum added to BitFinex. And then it hit me like a ton of that I can’t use the Bitcoin network anymore.
Another reason the Bitcoin Maximalist moved away from the Bitcoin network was when he found out what was happening to companies that built Bitcoin and individuals who got the cryptocurrency space to where it is today. Bitcoin core supporters began to turn rabid on these companies and began attacking and making invalid accusations at them. To this, Roger Ver added:
“Yeah, the Bitcoin core fanboys even claimed that Brian Armstrong from Coinbase, the company that’s brought more people to the cryptocurrency space than anyone else that he was attacking Bitcoin! Like, what a bunch of nonsense.”
Zane and Roger Ver both believe that platforms like NeWag and BitPay were the first heroes of the cryptocurrency space and they still are to people who understand the cryptocurrency community. They both agreed that BitPay was another platform that got out open source and free software.
Roger Ver went on to add that the Bitcoin.com wallet that is being used by a large number of individuals from the cryptocurrency space is also based on the open source software created by BitPay.
Zane believes that since he had a decent paying job, he did not need his transaction to be confirmed instantly but to get it confirmed over several days was too much of a hassle. He also confirmed that the Bitcoin core community’s hundred percent lack of foresight and the simple usability of the network killed it for him.
Roger Ver concluded by saying:
“I think it’s true. A lot of these core supporters, they have cloudy hindsight. We can see exactly what happened. The industry moved away from BTC. They started integrating all sorts of altcoins and they still can’t see what happened. We have Bitcoin cash now, the version of Bitcoin described in the original whitepaper.”
Subscribe to AMBCrypto’s Newsletter
XRP/USD Price Analysis: Prices stagnate as the bears and the bulls continue to brawl
Bitcoin [BTC] developer Jimmy Song lists 3 reasons why Bitcoin SV [BSV] is a “scam”
Ethereum [ETH/USD] Price Analysis: Coin stands tall with the bull by its side
SEC could include Bitwise’s Bitcoin ETF in federal registers; proposal under review for approval
XRP, BAT and Dash among the most popular cryptocurrencies for Uphold users
Ripple/XRP: XRP will soon hit Abra cryptocurrency platform, confirms CEO Bill Barhydt
DigiByte community gears up for Global Summit while founder Jared Tate finalises book on decentralized internet
Tron [TRX]’s Justin Sun sets up Valentines day surprise for Ethereum [ETH]’s Vitalik Buterin
After Bitcoin [BTC] ETF silver lining, SEC puts forth circular on ICOs
Ethereum [ETH] could have been stolen through malware impersonating MetaMask
Bitcoin [BTC] among cryptocurrencies enabled by new debit card launched by Australian Crypto exchange
Nouriel Roubini says JP Morgan’s cryptocurrency JPM Coin is a joke; compares it to XRP
Ethereum [ETH] mining rewards breach lowest levels ever as average difficulty spikes
Coinbase steps up Bug Bounty program; rewards hacker $30,000 for critical bug detection