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Bitcoin Cash proponent Roger Ver and John McAfee discuss HitBTC

Shahrain KM

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Bitcoin Cash proponent Roger Ver and John McAfee discuss HitBTC
Source: Unsplash

Recently, the CEO of Bitcoin.com, Roger Ver was in conversation with the Founder of McAfee Software Company, John McAfee. They discussed HitBTC, one of the leading cryptocurrency exchange platforms around the globe, and the problems faced by its customers.

McAfee started off by saying that blockchain can be implemented in several industries. He believes that if blockchain had existed since the “beginning of time”, people would have a different history to narrate.

To which Roger Ver added:

“I heard one person say that the beginning of the blockchain was the true beginning of recorded history”

The famous cryptocurrency influencer further touched upon the struggle a few people within the cryptocurrency community are facing with the digital exchange platform, HitBTC.

McAfee believes that HitBTC is a criminal organization that is stealing people’s money. He added that if a HitBTC user were to accuse the platform of stealing their money, people would not know where to go as the location of HitBTC remains unknown.

But because of the blockchain, all the HitBTC user has to do is show the Ether scans as proof that their money was stolen. McAfee stated:

“We have a record of the truth that is on the blockchain. We all know the truth and we accept it. If you know that if you sent your money to HitBTC, they’re likely to either steal it or keep it for months doing God knows what with it before they give it back.”

McAfee confirms that this procedure is the best way of getting rid of platforms that launder money. Once the cryptocurrency community knows about the truth of a platform that launders money, everybody would stop using it, he added.



Roger Ver in reply to the comment stated:

“The market punishes them. If people in the market think that the regulators are watching everything and licensing everything and that they don’t have to worry or do any due diligence in any of the businesses as everything would be taken care of. That’s called moral hazard.”

Roger Ver further stated that if this was not the case and if investors were more careful, they would be paying much more attention to their transactions to make sure they weren’t being robbed.





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Shahrain KM is a writer at AMB Crypto. Her curiosity in Blockchain technology and Cryptocurrencies has led her to be a part of the news reporting team of AMB Crypto. She does not hold value in any cryptocurrencies currently.

Bitcoin

Bitcoin [BTC]: Fidelity has a ‘room full of ASIC miners’ at its Texas office, claims Justin Moon

Yash Rajan

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Bitcoin [BTC]: Fidelity has a 'room full of ASIC miners' at its Texas office, claims Justin Moon
Source: Pixabay

Bitcoin [BTC] had become the center of discussion in the crypto-verse after its meteoric rise recently. BTC is considered to be the digital gold with huge growth potential. As the interminable discussions continued for a long time, individuals associated with this discourse exhibited legitimate reasons both ‘for’ and ‘against’ the validity and acknowledgment of digital forms of money.

Enthusiasts around the globe believed that the big names of the market and hotshots in the corporate space were complacent about BTC. As Bitcoin is increasingly gaining recognition on a daily basis, Fidelity has emerged as the newest member to validate and diffuse BTC in its business operations.

Fidelity Investments, the multinational financial services corporation based in Boston, USA, offered services encircling investing, brokerage and retirement plans.

According to Bitcoin developer Justin Moon, Fidelity Investments has been interested in Bitcoin for a long time. He tweeted,

“Fidelity has a room full of Bitcoin Miners [ASICs] at their Texas office.”

This tweet, from a broader perspective, pointed at the interest of big wagons in the market in BTC mining. Apart from this, it also showed that they were actively participating in public blockchains.



This is not the first instance where Fidelity has openly accepted its interest in cryptocurrencies. Ari Paul, founder and chief investment officer of BlockTower Capital, had tweeted earlier this year,

A majority of Fidelity’s clients seems to believe that digital assets are the next big thing in the economy and the debate has been going on for a while. However, Fidelity’s statement rested the speculations of BTC being adopted by big league members. In other adoption news, three days ago, AT&T announced that it would start accepting payments in Bitcoin for its services.





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