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Roger Ver’s censorship challenge to the Reddit community

Sthuthie Murthy

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Roger Ver's censorship challenge to the Reddit community
Source: Flickr

Roger Ver, the much-celebrated Bitcoiner, and the famous debater tweeted this morning:

“Dear Reddit, I heard that as of recently you were not a profitable company. I’ll pay you $100,000 USD if you simply appoint a moderator to /r/Bitcoin who supports free speech.”

Previously:

The Bitcoin network is loaded up to maximum capacity currently with the ability to process 3 transactions per second. This is a newer version with the 1 MB limit added, which is still not very restrictive.

The older version allowed almost free transactions because BTC was so cheap back then and the number of users was also minimal. The main point of concern was any kind of foreign malware entering which could flood the network with transactions and cause system failure or slow down the system terribly with all the blocks occupied. An added advantage to the users would be the minimum fee costing them too little to pull off the perpetrator act. This would, in turn, cripple the entire BTC network which was still an infant.

Blockstream’s CEO, Adam Back-quoted:

“Vote stuffers basically succeeded to censor good faith BTC discussion. Theymos tried to make it more usable by censoring it.”

A few of them do not accept the fact that censorship is problematic or rather refuse to acknowledge that it is censorship at all. Since the time the limit was imposed, there have been endless discussions about the new methods wherein multiple attempts all blocked repeatedly by a small group of developers who post using the handle Theymos.

The note on Medium stated:

“These gentlemen rule with an iron fist, deleting posts that they deem to be “dangerous” to the community, and believing that both the online social community and Bitcoin itself are incapable of self-regulation. Instead, they believe that only through the paternalistic wisdom of their own minds will Bitcoin ever amount to anything.”

Richard, a speculator says:

“I think by “free speech” he meant someone to spout a certain rhetoric. Not sure you fit the $ bill.”

Paulo, a Twitterati commented:



“Free speech is already in place You are the one trying to turn it into a paid one with your sock puppets.”

Simon Breach tweeted:

“Wait what? Are we buying subreddits now? OK whatever, I’ll pay $100,001 for /r/btc (just let me know in advance, I’ll need at least 24h to run the ICO). Can you offer any proof of censorship at r/btc, same as I did for r/Bitcoin? And please keep in mind that downvoting is not censorship, as you can still see those comments. Also, r/btc has open moderation logs, what about r/Bitcoin’s?”

Fernandez, a Redditor says:

“Hard forks create a new coin, hence just make a new subreddit for that new coin. Soft forks and similar kind of updates don’t create a new coin, so don’t need a new subreddit. As simple as that, why so much drama and chaos?”





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Sthuthie Murthy is a full-time reporter at AMBCrypto. She has been researching and writing about the Blockchain technology for a year now. Her passion for blockchain has led her to be a part of AMBCrypto's news reporting team. She does not hold value in any cryptocurrencies currently.

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1 Comment

1 Comment

  1. Avatar

    k

    April 19, 2018 at 11:11 PM

    If Reddit forcefully changing the moderator for $100K is freedom of speech then I’m Satoshi Nakamoto. Roger Ver found himself in a really weird and sad place.

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Analysis

Bitcoin Cash [BCH] vs Bitcoin SV [BSV] Price Analysis: BCH bullish as BSV struggles to keep pace

Yash Rajan

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Bitcoin Cash [BCH] vs Bitcoin SV [BSV] Price Analysis: BCH signals bullish as BSV struggles to pick up pace
Source: Pixabay

Bitcoin Cash was trending after the multisig transaction was carried out . The Free Ross Ulbricht campaign has also spurred the growth of Bitcoin Cash. According to CoinMarketCap, BCH stood fourth on the list of top cryptocurrencies, with a market cap of $7.12 billion and a 24-hour trading volume of $3.25 billion. BCH rose by 2.16% over 24 hours, at press time.

Bitcoin SV stood sixteenth, with a price of $62.43 and market cap of $1.11 billion. At press time, it had a 24-hour trading volume of $167.29 million. BSV saw a dip of 2.29% during the 24-hour cycle.

1-Day BCH Analysis

The resistance line stood at $418.4, and the three support lines were at $279.0, $157.1 and $112.3. The first uptrend started at $171.5 and ended at $319.9, while the second one extended from $259.3 to $387.

Source: TradingView

Source: TradingView

Bollinger Bands showed an increased rate of volatility in the market and the moving average line was below the candles, depicting bullish trend.

Awesome Oscillator displayed a bullish buying opportunity as the short-term momentum in the market was greater than the long-term momentum.

Chaikin Money Flow suggested that money was flowing into the market.

1-Day BSV Analysis

Resistance lines stood at $97.36 and $87.24 and the support line stood at $55.06. The first downtrend saw a change in price from $96.16 to $78.84 and the second downtrend started at $88.85 and ended at $72.09.

Source: TradingView

Source: TradingView

Bollinger Bands indicated growing market volatility

Awesome Oscillator presented that the short-term momentum was greater than long-term momentum, indicating a bullish buying opportunity.

Chaikin Money Flow indicator was just below the zero-line. This indicated that money flowing out of the market was marginally more than money moving into it



Conclusion

While BCH continued its bullish resurgence, BSV struggled to keep up pace with the general bullishness of the collective market.





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