Bitcoin Cash’s bull market will be a side effect of increased adoption, claims Roger Ver

Bitcoin Cash promoter Roger Ver realized fiat currency’s limitations during his earliest business ventures. In a recent conversation with budding interviewer Jouell Wright, Ver stated that “When Bitcoin came along, it solved all of those online payment problems. It was this amazing science fiction money that I had read about in science fiction books as a […]
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Source: AMB Crypto

Bitcoin Jesus dismisses rumors of Bitcoin Cash’s impending collapse; calls it fake news

Bitcoin Cash was under the spotlight back in 2017, when it split from Bitcoin after a hard fork. Bitcoin Cash had an increased block size and at the end of its first day in the market, it became the 3rd largest cryptocurrency in the world. Bitcoin Cash is back in the news now, after Roger […]
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Source: AMB Crypto

Bitcoin Cash: Roger Ver’s tweet highlights governments’ double standards

India’s proposed “draft bill” that was released by Bloomberg Quint earlier this week had caused a massive uproar in the crypto community. The lack of clarity and ambiguous cryptocurrency climate drove Zebpay, an app-enabled crypto exchange, from the country to Malta. The current version of the ‘draft bill’ renders mining, generating, holding, buying, selling or dealing in cryptocurrencies both “directly or indirectly” illegal in the country. This could potentially be a huge blow to the growing Asian cryptocurrency adoption.
The crypto regulatory climate in another Asian country, Indonesia is fairly better than India after the former announced rules which made it mandatory for the cryptocurrency futures exchange to be registered an approved before operating, thus, bringing clarity to the table. However, Roger Ver, the CEO of Bitcoin.com and a prominent face in the crypto realm, cited a banner which read “Use Rupiah in every transaction in Indonesia” and violation of which is a punishable offense,

Governments say monopolies are bad, but they’ll toss you in jail for competing with their own monopoly. pic.twitter.com/fbblR7TDr0
— Roger Ver (@rogerkver) June 8, 2019

A Twitter user, Lutfi, commented on the above thread,
“the point is because rupiah in indonesia more low rate than dollar us.. so much fear when bitcoin uptrend in 2017 until the bubble explode, bank indonesia makes announcement about regulation digital asset not to use as transaction and then investor take down the asset..”
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Source: AMB Crypto

Bitcoin Cash [BCH] is fully focused on adoption of cryptocurrencies in commerce, says Roger Ver

The cryptocurrency space is finally getting mainstream attention these days, following the efforts of the many thought leaders who have worked hard towards its promotion and subsequent adoption. Roger Ver is one of these thought leaders, with Ver promoting Bitcoin Cash [BCH] as the original Bitcoin. In doing so, he recently featured in an interview to discuss BCH’s new capabilities and its work against the current system of law.
Ver began by speaking about BCH’s latest innovation, “self-custodial blind escrow,” as a differentiator from the current cryptocurrency leader, Bitcoin [BTC]. He explained,
“This (blind escrow) platform allows anybody to buy and sell Bitcoin Cash [BCH] in any country and any payment method, with no AML KYC required from Bitcoin.com. The people are only required to abide by their local regulations.”
The core of this technology is powered by a special op-code that leverages a third-party’s datasig to verify and settle payment or transaction disputes. While highlighting that BTC did not support this feature yet, Ver stated that neither the chosen third party authority nor Bitcoin.com will hold any access to the transaction data, due to the system’s end to end encrypted infrastructure. He also supported BCH’s sluggish trading value recovery by saying,
“If you want the long term price to go up, you should be focusing on the adoption of cryptocurrencies and commerce. And that’s exactly what we’re doing at Bitcoin Cash.”
Global BCH trading has commenced from June 4th, in honor of the 1989 Tienanmen Square protests in Beijing, China. While the move strongly hints at Ver’s attempt to monopolize the crypto-hungry Chinese market, he stressed that people from across the world can use any payment methods to make BCH purchases, including “PayPal, wire transfer or even a suitcase full of cash at Starbucks.”
Speaking about the implications of using Bitcoin.com’s services in countries where crypto is banned, Ver compared the situation with marijuana’s legality, stating,
“If a law is a bad one or a stupid one, people should disobey it. Smoking a plant that makes you feel happy isn’t a crime.”
He also pointed out the problem of tribalism in the crypto-community, while complimenting peer blockchains including Ethereum, Dash, Monero, and Zcash. On the other hand, Ver called out the bad players that attempted a hack on the Bitcoin Cash network during the recent hard fork. As a collective response on behalf of other prominent leaders such as Peter McCormack and Vitalik Buterin (who are also sued by BSV’s Craig Wright), Ver said,
“Craig, you’re wasting everybody’s time and retarding the rate of economic growth at the entire world by wasting everybody’s time. So please stop, go and go and live your life and do something else.”
The post Bitcoin Cash [BCH] is fully focused on adoption of cryptocurrencies in commerce, says Roger Ver appeared first on AMBCrypto.
Source: AMB Crypto

Vitalik Buterin: Bitcoin SV is a Scam but Binance May Be Centralizing Its Power

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Vitalik Buterin: Bitcoin SV is a Scam but Binance May Be Centralizing Its Power
Ethereum co-founder Vitalik Buterin has publicly questioned both Binance and Bitcoin SV in an interview he gave to YouTuber Hardcore Crypto. He called Craig S Wright’s Bitcoin SV a “complete scam”.
Vitalik Buterin: Bitcoin SV is a Scam but Binance May Be Centralizing Its Power

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Source: CoinSpeaker

Peter McCormack Might Pay Craig Wright More Than £700,000

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Peter McCormack Might Pay Craig Wright More Than £700,000
Peter McCormack shared the details of how Wright’s libel case against him has been developing. He now has to decide on how to act regarding the libel accusation and choose one of the options he has.
Peter McCormack Might Pay Craig Wright More Than £700,000

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Source: CoinSpeaker

Bitcoin Cash [BCH] rolls out iOS version of Bitcoin Cash Register

Bitcoin Cash [BCH] recently made headlines when the CEO of Bitcoin.com, Roger Ver got involved in a bet of $10,000 with Tone Vays, a popular Bitcoin maximalist which the former lost. After launching a free point-of-scale solution, Bitcoin Cash Register for Android operating systems, Bitcoin.com and its developers have rolled out an iOS version of the same.
Bitcoin Cash register allows anyone with an Android or iOS device to accept BCH payments. This came as a part of the company’s agenda to promote the adoption of crypto in the mainstream. With the installment Bitcoin Cash Register, it would be easier for retailers to accept BCH as payment from customers.
As reported by Bitcoin.com, Bitcoin Cash Register claims to be easy to use without any prior account registration and the transactions are carried out in a non-custodial manner. This was confirmed by Bitcoin.com via a tweet:

This week our developers have released the #BitcoinCashRegister for iOS devices.
Like the Android app, the #iOS version just requires a valid #BitcoinCash address to get started.
Read more: https://t.co/Zag8JlEq4vDownload now: https://t.co/eeV53HWT8c#BCH pic.twitter.com/ebzoy2YuxR
— Bitcoin.com Official (@BitcoinCom) May 25, 2019

The bet between Roger Ver and Tone Vays regarding the low transaction fee had left the social media divided, with proponents on both sides arguing about the authenticity of the bet and factors taken into consideration while betting.
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Source: AMB Crypto

Bitcoin Cash [BCH] is ‘unsecure’ and the recent BCH chain reorg is a ‘sh*t show’, says Blockstream CSO

Bitcoin Cash, the fourth largest cryptocurrency in the world, has had more than a few hiccups this month. The scheduled upgrade for BCH didn’t quite go as planned, the SegWit BCH funds were stolen, two mining pools had to reorg to blocks to return the stolen funds, and other developments marred the otherwise peaceful bullish month.
In addition, Roger Ver’s bet against Tone Vays is yet to be decided as Ver argued that Tone Vays cheated. The important thing, however, is the reorg of the BCH blockchain, which caused massive waves in the BCH community.
The Bitcoin Cash blockchain was hit by an attacker who waited months to exploit a bug, which led to the production of massive empty blocks with one valid transaction. Moreover, an attacker ‘stole’ SegWit funds, which caused two mining pools, BTC.com and BTC.top to reorg two blocks to recover those funds.
A lot of people in the community circulated the tweet below:

#BCH /#bcash was hit by 51% attack from just 2 miners, https://t.co/gZNf6P1G3l & https://t.co/2gkV6KUcCt– & no one seems to be talking about it.
Thread
1/ What I've gathered from loose details:First, there was an unintentional split with the recent #BCH "upgrade."
— Guy Swann (@TheCryptoconomy) May 24, 2019

Samson Mow, the CSO  of blockchain, tweeted:
“The irony here is that #Bcash is so damn unsecure that it’s not even good for coffee transactions. What a shit show. ”
Although the mining pools reorged the chain to prevent the hacker from allegedly stealing the funds, it broke the ethos of decentralization. Moreover, a few days before the incident, BTC.top controlled over 50% of the hash rate for Bitcoin Cash mining, which raised alarms over one mining pool controlling such a massive amount of hash rate.
Mow further tweeted:
“These are not specifically #Bcash mining pools. They are general mining pools that support a few coins, including #Bitcoin. BTC.com is run by Bitmain & BTC.TOP is affiliated with Jiang Zhuoer. This is why you run your own node. #DontTrustVerify”
The bug was resolved and Bitcoin Cash network was functioning without a hitch, at press time. The price of Bitcoin Cash seemed to be greatly unaffected by this incident as it was, at press time, still above $400. BCH was still the fourth largest cryptocurrency in the world, however, the price decreased by approximately 7.4% in 24 hours.
The post Bitcoin Cash [BCH] is ‘unsecure’ and the recent BCH chain reorg is a ‘sh*t show’, says Blockstream CSO appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin Cash’s [BCH] Roger Ver: Kudos to those who hijacked original BTC and made it expensive, complicated

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.
The post Bitcoin Cash’s [BCH] Roger Ver: Kudos to those who hijacked original BTC and made it expensive, complicated appeared first on AMBCrypto.
Source: AMB Crypto

Roger Ver Debunks Craig Wright’s Claims that He Owns Some of the First BTC Adresses

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Roger Ver Debunks Craig Wright’s Claims that He Owns Some of the First BTC Adresses
Satoshi Craig Wright sued Bitcoin Cash figurehead, and former business partner, Roger Ver for libel after being called a “fraud and a liar.” Ver responded by seemingly debunking Wright’s claim that he controlled several high-profile Bitcoin addresses.
Roger Ver Debunks Craig Wright’s Claims that He Owns Some of the First BTC Adresses

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Source: CoinSpeaker

David Schwartz on #CraigIsSatoshi, Binance compromised and more

Crypto News – 08 April – David Schwartz on #CraigIsSatoshi, Binance compromised and more
Don’t forget to follow us for our daily videos#BinanceHack #Ripple #ripplenews @rogerkver @SatoshiLite @JoelKatz @binance #Binance #CryptoNews #cryptocurrency pic.twitter.com/hS9JAkQAON
— AMBCrypto (@CryptoAmb) May 8, 2019

Crypto News – 08 May
Litecoin releases LTC Core 0.17.1: According to Litecoin’s Medium page, the new release included new features, important bug-fixes, and overall performance upgrade and efficient translations
Read more at https://bit.ly/2J7WCC7
Barry Silbert on BTC and Gold: The Grayscale Investments CEO opined that Bitcoin does everything that gold used to do
Read more at https://bit.ly/2VoKSla
New allegation against Craig Wright: According to the WizSec Bitcoin Security Specialists blog, redacted and unsealed court documents reveal that Craig Wright used a “lazy, copy-paste job” to provide a list of his early BTC addresses
Read more at https://bit.ly/2H9ddC5
Bitfinex officially release IEO whitepaper: According to the whitepaper, Bitfinex will be offering USDT in exchange for LEO tokens
Read more at https://bit.ly/2H5YKXG
Binance confirms margin trading feature: During an AMA session, Binance’s Changpeng Zhao responded to a user’s query and confirmed margin trading on Binance
Read more at https://bit.ly/2DYRufv
Binance compromised by hackers: Hackers attacked cryptocurrency exchange, Binance, withdrawing $40 million worth BTCs and stealing several users’ API keys and 2FA codes
Read more at https://bit.ly/2JopyoRV
Roger Ver on Peter McCormack: Roger Ver targeted Peter McCormack and Eric Lombrozo during a Q&A session, claiming that the duo meticulously try to convince people from using Bitcoin to make payments
Read more at https://bit.ly/2LuEHry
 
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Source: AMB Crypto

Binance CEO Collecting Charity to Fight Craig Wright

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Binance CEO Collecting Charity to Fight Craig Wright
Binance CEO Changpeng Zhao established a new Binance Charity Foundation program to help out those who struggle to pay legal fees after being sued by Craig Wright. In such a way, he wants to prevent the self-proclaimed Satoshi from bullying people.
Binance CEO Collecting Charity to Fight Craig Wright

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Source: CoinSpeaker

Craig Wright Ordered to Provide Bitcoin Ownership Records

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Craig Wright Ordered to Provide Bitcoin Ownership Records
The order directs Wright to produce a copy of documents detailing the “formation, administration, and operation of the blind trust” to the plaintiffs.
Craig Wright Ordered to Provide Bitcoin Ownership Records

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Source: CoinSpeaker

Roger Ver Says Full Blocks Have Limited Bitcoin Adoption

The largest cryptocurrency by market cap Bitcoin is the first cryptocurrency ever created by Satoshi Nakamoto. While Bitcoin experienced a pretty rapid adoption after its creation, Bitcoin.com Founder and famous Bitcoin Cash proponent Roger Ver say its adoption has thwarted by its limited block size.
Increasing fees caused the market decline
The Bitcoin block was limited to 1MB from its creation which was enough to contain transactions comfortably at the time. However, the size has not been increased by Bitcoin developers so as adoption increased, the block capacity became exhausted which led to increased transaction fees as transactions needed to be prioritized using fees as criteria. According to Ver, this has seriously caused Bitcoin adoption to stall. The chart below explains better.
Source: Twitter
 
Bitcoin block size limit chart
The 1MB block size got exhausted in January 2017 as shown and since then, Bitcoin market cap percent as fees increased due to a halt in adoption. The limited block size was the reason behind the Bitcoin hard fork that led to the creation of Bitcoin Cash when there was disagreement on whether or not to increase the block size.
Also Read: Roger Ver Strikes Back at “Dropgold” Proponents, Says Bitcoin is Digital Fool’s Gold
Roger Ver has been a strong supporter of Bitcoin Cash since then and has also strongly advocated for the adoption of BCH rather than Bitcoin because of the block size limit. Ver believes the full block size is a deliberate action by Bitcoin developers. Could it be true that the developers have deliberately refused to increase block size?
The post Roger Ver Says Full Blocks Have Limited Bitcoin Adoption appeared first on Coingape.
Source: CoinGape

Bitcoin Cash [BCH]: Roger Ver divulges details about SLP based token for K-pop

The latest luminary in the space to come out in support of a mainstream usage of crypto is Roger Ver, the Chief Executive Officer [CEO] of Bitcoin.com and a voracious supporter of Bitcoin Cash [BCH].
In the latest video released by Bitcoin.com, Ver revealed details about a new token made just for Korean Pop [K-pop] music. The token will be called the Brave Sound token and will be made on the Bitcoin Cash platform. He stated:
“This is a great moment for all of us because I am a fan of kpop and bitcoin cash embracing the growing culture is a big deal. The upcoming token will be based on the Single Ledger Protocol [SLP] and I thank Digifinex for listing it on their platform.”
The Brave Sound Token officials released their own circular talking about Ver’s involvement in the project, stating:
“We are proud to confirm that Mr. Roger Ver is now a shareholder of Brave Sound Token (BRST). Roger Keith Ver is an early investor in bitcoin-related startups. He has been a prominent supporter of bitcoin adoption and saw bitcoin as a means to promote economic freedom.”
Roger Ver was also in the news recently for his ongoing war against nChain chief scientist Craig Wright and his claims of being Satoshi Nakamoto, the creator of Bitcoin. Ver had said:
“Craig Wright is a liar and a fraud. So sue me, again.”
Ver’s comments caught the eye of several players in the cryptoverse, out of which one was WhalePanda, who tweeted:
“You gave this man a platform, you gave him credibility and now you can no longer use/control him. SAD”
The post Bitcoin Cash [BCH]: Roger Ver divulges details about SLP based token for K-pop appeared first on AMBCrypto.
Source: AMB Crypto