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Bitcoin Cash hard fork: Roger Ver says, there were no technical arguments during the BCH split

Ajay Narayan

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Bitcoin Cash hard fork: Roger Ver says, there were no technical arguments during the BCH split
Source: Unsplash

On the latest episode of Bitcoin Cash news, Roger Ver, CEO of bitcoin.com, Mike Malley, Advisor to Bitcoin.com and Hayden Otto, Crypto Strategies YouTube Creator and BCH Advocate spoke about certain events in the Bitcoin Miner meeting. They also gave some insights about the hard fork/upgrade on 15th November.

Roger Ver, an investor in Bitcoin startups, spoke about the hard fork where he stated, the upcoming hard fork on November 15th was mandatory because the code was written in such a way that an upgrade had to take place. It was still unclear about what exactly the hard fork would do.

After Craig left the Bitcoin Miner meeting, Mike and Hayden spoke to him privately for almost an hour. Craig told them that his decision for the 15th November hard fork was very essential. He was very adamant about his claims and stated that he had enough hash rate to support the new upgrade.

Roger spoke about an interesting discussion in the meeting were many individuals shared a viewpoint to never split the chain and allow the minority hash rate to hard fork. He replied that the splitting off of Bitcoin Cash was only possible because of the minority dissenters with a minority hash rate and a minority market share.

He further added:



“If it wasn’t for those people willing to dissent with the minority hash rate, Bitcoin cash would never exist”

Roger claimed that there were no technical arguments put forward in the whole meeting against the hard fork of Bitcoin ABC and Bitcoin unlimited. He further added:

“the only person that would have been willing to make those technical arguments left the room on the first day within like the first half-hour and that was really disappointing”

They also spoke about one of the major disagreements, which is NChain 128MB block size increase, whereas the Bitcoin ABC group was still on the 32MB block size. Roger stated that Bitcoin ABC wanted to go to 128MB next year in the month of May and was not ready to do the same during November.

“we’re not ready to do that in November but it’s on the roadmap… there was not a single person that said 32 megabytes is the right block size for the end of time”





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Ajay Narayan is a full-time journalist at AMBCrypto. He has majored in Economics, Political Science and Sociology. His interests are inclined towards writing and investing in cryptocurrencies.

XRP

XRP shorts overtake XRP longs as USD shorts increase 85 percent on April 17

Akash Anand

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XRP shorts overtake XRP longs as USD shorts increase 85 percent on April 17
Source: Pixabay

The cryptocurrency market’s volatile behavior was reflected in the ‘buy-in and sell’ sentiments. Despite the bear market taking over again, analysis of the market shows that there are some silver linings. XRP, the third largest cryptocurrency in the market, has not had a fantastic start to 2019 and this was even shown during the recent bullish spike.

XRP was one of the worst performers among the top 10 club at a time when some of the other currencies saw double-digit gains and Bitcoin [BTC] broke the $5000 barrier. New analysis, though, points to the fact that there has been a significant rise in XRPUSD longs on Bitfinex, some even registering record gains. Reports from BehindtheLedger stated that:



“Some are discussing record high XRPUSD longs on Bitfinex. It’s good to look at the ratio of shorts to longs (or vice versa if you prefer) rather than just the longs though. Doing so reveals that shorts have increased more than longs in the past few days.”

At a time when the XRP shorts are on a high, the USD shorts were up by a massive 85 percent on April 17. The analysis from behindtheledger also admitted:

“This isn’t a price prediction and frankly, this indicator probably isn’t reliable

But it’s always good to look at both sides of the equation.”

XRP’s trade has been majorly influenced by developments in its realm with the last major claim coming from Coincheck as the organization provided over-the-counter trading support for Ethereum and XRP on its platform. The exchange had announced:

“ETH XRP has been added to the target currency for large OTC transactions! We are pleased to announce that ETH and XRP have been newly added as target currencies at the Large OTC Trading Service, which has started on April 1, 2019.”





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