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Roger Ver attacks Bitcoin [BTC]; accuses the world’s top cryptocurrency of “censorship”




Roger Ver attacks Bitcoin [BTC]; accuses the world's top cryptocurrency of “censorship”
Source: Pixabay

The CEO of and outspoken advocate of Bitcoin Cash [BCH], Roger Ver has been known to launch bitter attacks against Bitcoin [BTC], in support of what according to him, is the true rendition of Satoshi’s invention, Bitcoin Cash. On 12 February, he launched into yet another jibe at the top cryptocurrency on Twitter.

In a recent tweet, Ver, fondly known by some as Bitcoin Jesus, stated that Bitcoin is for those people who enjoy “censorship” and like to see “dissenting voices silenced.” He added that the 18-month old product of the Bitcoin hardfork, Bitcoin Cash is the true cryptocurrency for “liberty, financial sovereignty and open discussions.”

Ver’s tweet, in its entirety read,

“If you enjoy censorship and having dissenting voices silenced, then BTC is the right crypto for you.
If you enjoy liberty, financial sovereignty, and open discussions, then Bitcoin Cash or just about anything other than BTC is the right crypto for you.”

Last week, Bitcoin Jesus shared a November 2016 Medium post on Twitter, which highlighted the censorship ordeal of Bitcoin. The post was authored by a John Blocke, a pseudonymous parody of the famous English philosopher John Locke, and was titled, “A (brief and incomplete) history of censorship in /r/Bitcoin.” In the article, Blocke highlighted several Reddit posts since 2015 which according to him, were examples of censorship within the BTC community.

Bitcoin Cash has been languishing in the sixth spot on the global coin ladder, being pushed down by the collective rise of EOS [EOS] and Litecoin [LTC]. The aforementioned two coins saw massive double-digit price increases at the end of the previous week and have since amassed a market cap lead of over $400 million against Ver’s beloved BCH.

Even with Bitcoin Cash being looked down upon by the larger cryptoverse, the cryptocurrency’s community has been highlighted by ChainBulletin in their recent study as being the most ‘passionate.’ As per the study, Bitcoin Cash’s subreddit activity has surpassed other coins with an “activity score” of 115,676, ahead of well-known coin communities like that of Bitcoin, Ethereum and Ripple. Roger Ver highlighted the same via Twitter, lauding the persistence of the community.

Twitter users however, were not too pleased with Roger Ver’s labeling users of Bitcoin as those who love “censorship,” while stating that all other cryptocurrencies, not just Bitcoin Cash, advocate liberty, and financial sovereignty.

A Twitter user @Ben_smashN commented, attacking Ver,

“It’s sad because he could have been one of the strongest voices for Bitcoin. Instead he choose this divisive ego driven path where he attempts to insist he made the reeeeaaal bitcoin.roger doesn’t see the problem force feeding his alt and naming it bitcoin.”

Another user, @CodyPMack commented,

“I genuinely appreciate hearing your alternate (or, different than my own) perspectives on the cryptospace… but I think this one is a bit of an emotionally driven reach, Roger.”

Another user, @trapscoop commented:

“You’re associating a trustless, secure, and decentralized currency (BTC) with the mass opinion that your view point is incorrect. BTC is not censoring you. People who support BTC are censoring you. These are different things yet you group them together in order to support BCH.”

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Bitcoin’s [BTC] dump may have triggered migration of BTCs worth hundreds of millions




Bitcoin's [BTC] dump may have triggered migration of BTCs worth hundreds of millions
Source: Unsplash

Bitcoin dropped by 3.55% over 3 hours, an approximate drop of $200, causing many altcoins to dip by more than 8%. Although it might be a coincidence, thousands of Bitcoins started to migrate from wallets to exchanges, wallets to wallets, and exchanges to wallets.

Whale Alert, a Twitter user, pointed out the same in his tweets. A total of  25,000 BTC were sent in under 20 minutes, in multiples of 5000 BTC each, in a wallet to wallet transaction. Two of these transfers were initiated from an unknown wallet [3BYv2L9zCFYpvRQXakqkVWa7JyRw6Q9ZAm] to two other unknown wallets [3PWNGS2357TnjRX7FpewqR3e3qsWwpFrJH, 3CAF6ZjtJKaHiJixViXncTRwG3N5ss9vn4].

These 5 transfers were worth approximately $140 million. The third transfer took place from multiple wallets to a single wallet [3HuUiXmKN3beQSoM97kWjK1fesWWJvKvaZ].

Additionally, there were two massive transactions that took place two hours after the drop; the first transaction involved 14,999 BTC, while the second involved 11,000 BTC.

The former transaction was sent from two wallets to a single wallet [3GaB3nRWA1PLc3XQkkbpVtFwYYZEuMxD4i], which is the balance of the wallet. The latter transaction was similar to the one mentioned above, as the transaction originated from two wallets.

Another transaction containing 9,000 BTC was transferred from 357R3FeNmySYeHuRfyhFd6nMwzoLDdjfwV to 3NmHmQte2rP8pS54U3B8LPYQKkpG1pFF69. The sender has approximately 9,412 BTC after the transfer, while the recipient has 9,000 BTC.

All of the above transactions were worth approximately $332 million. The massive BTCs transferred could be due to the recent fall in the price. It can also be speculated that BTC whales were securing their profits earned from the shorts.

A Twitter user @Emperor_YZ commented,

“and who say the fee is high, just 30,360 sat ($1.67)🤔 for a $82.37 million transfer …”

Another user, @Omarin0, commented,

“It would have also been 1.67$ for a 1.67$ transfer. 100% fee. How nice”

@Emperor_YZ replied,

“wrong, you can use LN or other layer 2 apps to do small amount payments 😎 for BTC base layer, network security is always top priority, L2 is super cheap and can settle at base layer later”

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