Proponents in the cryptocurrency space have made it a point to push for the mainstream adoption of digital assets. One such proponent is Bitcoin.com’s Chief Executive Officer Roger Ver. In a recent podcast, Ver touched upon the reasons why Bitcoin Cash [BCH] was better than the current version of Bitcoin [BTC], while at the same time elucidated on the obstacles in the industry.
The BCH bull stated that,
“The key to being an investor is to invest in a good product before anyone else and that is what I did with Bitcoin all those years back. I got into Bitcoin because I knew that it would be useful in the future while at the same time bringing financial freedom to the entire world. Those are the same features that Bitcoin Cash has right now and many are saying that BCash is a scam and all that, to them I say that name calling is not an argument.”
Ver further spoke about the government clamp on Bitcoin and other cryptocurrencies, claiming that the lockdown that regulatory bodies have over user’s money is actually a ‘hindrance to our progress as a species.’
According to Roger Ver, Bitcoin is a tool to separate the control of money from the state. He was also asked whether anyone could stop Bitcoin and its effects, to which Ver had his own suggestions. He said that if anyone wanted to hinder the world’s largest cryptocurrency, then the best way is to make it too expensive or too complicated to use. In his words,
“Becoming too expensive or too complicated to use is what has happened to the current version of BTC and is something that BCash is trying to move far from. I want to say kudos to the people who hijacked the original BTC product and the thing is a vast majority of the people do not realize what actually happened.”
Ver was in the news recently after he attacked the BTC camp, stating that it is toxic and full of censorship, trolling behaviour.
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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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