Roger Ver claims Bitcoin [BTC] maximalists have got Gold all wrong

Roger Ver never fails to stir up a storm within rival communities, this time riling up one of his favorite targets, the Bitcoin [BTC] community. Ver, who is also referred to as Bitcoin Jesus has continued his tirade against the top cryptocurrency since Bitcoin Cash [BCH] hardforked away from Bitcoin [BTC] in August 2017.
In his most recent tweet, Bitcoin Jesus stated that the BTC camp gets the concept of one of the most stable assets in the world, Gold, wrong. He stated that the metal has a “huge amount of industrial uses,” and it is because of these very uses that Gold is considered a “store of value.”
His tweet stated:
“It’s amazing how many BTC maximalists don’t even know that gold has a huge amount of industrial uses completely separate from just being a store of value. In fact, it’s those other uses that enable gold to be used as a store of value.”
Roger Ver failed to reference anything regarding the supply limitation of Gold, much like Bitcoin which is capped at 21 million. He claims that “those other uses,” give it the status of being a store of value.
The implication from this tweet could be, besides an obvious attack on Bitcoin, is that the top-cryptocurrency does not have any “industrial uses,” and hence is one of the reasons BTC cannot be a “store of value,” or a medium of exchange. However, this implication was not explicitly mentioned by Ver in his tweet.
Twitter users did not waste time and began lambasting Ver using the aforementioned supply cap argument.
Mike Dudas, the founder, and CEO of The Block Crypto did not mince his words. He commented:
“You and I both know that that is total horseshit — and I’m not a BTC maximalist, just someone with a normal amount of brain cells.”
jratcliff63367, a game developer and software engineer at Nvidia, a Graphics Processing Units [GPU] manufacturer which is used in Bitcoin mining equipment, stated:
“If gold were useful but also as plentiful as grains of sand, it would be nearly worthless. It’s not worth money because it’s ‘useful’, it’s worth money because it is scarce. BTW, Satoshi explained in detail how bitcoin mimics (and improves) upon the properties of gold.”
Dr. Bitcoin [ß] commented:
“No, it’s not. Silver and copper have many (more) industrial uses. That property is not what enables gold to be used as a store of value; its stock to flow ratio is. Regardless of how high demand is, amount of gold mined per year is predictably between 1-2% of total supply.”
As far as stability goes, Gold being precious and, more importantly, a tangible metal will allow it to have more features of an asset striving to be a “store of value.” However, in terms of transferability, cryptocurrencies are more widespread. jratcliff63367’s second comment succinctly puts forth this argument:
“It’s amazing that Roger doesn’t see the ‘industrial uses’ for bitcoin. The last time I tried to send an ounce of gold across the planet over the internet it didn’t work for me. Bitcoin does.”
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Source: AMB Crypto

Bitcoin Cash [BCH]: Roger Ver pushes for the release of Silk Road’s Ross Ulbricht

Ross Ulbricht, the man behind Silk Road is the protagonist of a debate that has divided the cryptocurrency community yet again.
Bitcoin Cash [BCH]’s Roger Ver, also the CEO of Bitcoin.com and popularly referred to as Bitcoin Jesus has been a long supporter of “free-market” ideals (Something Silk Road claimed to have run on) and the use of cryptocurrencies for the same. He recently reaffirmed his support for Ulbricht, mailing him a letter advocating the same.
Tweeting on 17 February, Ver said that he had mailed a letter to the United States’ Penitentiary in Tuscon, Arizona where Ulbricht is currently serving a double life sentence, without parole. The Bitcoin.com CEO did not specify the contents of the letter, but voiced his support for Ulbricht and added a link to the website that advocates for his release: freeross.org.
His tweet in full read,
“I sent a letter to Ross Ulbricht, and you should too. freeross.org  #FreeRoss #Silkroad”
The Ross Ulbricht issue is one of the most divisive issues within the cryptocurrency community, with some advocating free market principles and some citing the illegality of the articles sold on the ‘marketplace.’
Craig S Wright, the Chief Scientist at nChain and spearhead of the Bitcoin SV [BSV] project firmly placed himself opposed to Ver’s point, in both the BCH hardfork debate back in November 2018 as well as on the Ulbricht issue.
In an 8 February blog posted by Wright via Medium, he voiced his opposition for what he described as ‘criminal markets.’ He likened Ross Ulbricht and Silk Road to WikiLeaks and Julian Assange, calling the duo, ‘predators.’ Wright further added that the case of Silk Road,was something Bitcoin should make, ‘more difficult,’ and not one it should facilitate.
His blog, which was titled, ‘Careful what you wish for…’ read,
“I do not like Wikileaks, and I have never been a fan of Assange’s methods. More importantly, I am strongly opposed to criminal markets and bucket shops. Ross Ulbricht and others like him are criminals. They are not freedom fighters, they are not libertarians. They simply are predators, and they are all that Bitcoin was designed to make far more difficult.”
The topic of Ulbricht was also discussed by Roger Ver and Gabriel Cardona in Bitcoin.com’s latest episode on YouTube. The BCH proponents were discussing the recently concluded Anarchapulco 2019 Festival, which featured Lyn Ulbricht, Ross Ulbricht’s mother.
In the video, Ver described Ross Ulbricht as,
“Basically, Ross Ulbricht is the person that made Bitcoin start to become popular to being with. He made a useful platform that people started to use. Silk Road was useful, so, people started to use it and that’s what kicked-off this whole ecosystem.”
Ver and Cardona also stated that the Bitcoins that were seized and crowd-sold from Silk Road were primarily purchased by Tim Draper, the American venture capitalist. In light of the same, Ver appealed to Draper and the larger community to push for Ulbricht’s release,
“Tim Draper, if you happen to see this, you profited greatly from the Silk Road coins that you bought. Help out Ross, right, this guy does not deserve to die in prison.”
Users on Twitter were however split on this topic. @XrpBro commented,
“Didn’t he order murders? He should be free? Why?”
Zone Zero Apps further added,
“Why? He is a criminal. If not caught, he would still be selling drugs and weapons….”
However, @Russell voiced his support for Ulbricht, stating,
“They’re never going to let Ross free. Instead of spending so much time and money on that, we should be taking care of his family and others who are in desperate situations that can be helped. @rogerkver @Free_Ross #Silkroad”
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Source: AMB Crypto

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

The CEO of Bitcoin.com 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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Source: AMB Crypto

Binance CEO Advocates Elon Musk’s Name to Take the Bitcoin Lightning Torch

CoinSpeaker

Binance CEO Advocates Elon Musk’s Name to Take the Bitcoin Lightning Torch

Many prominent personalities and Bitcoin enthusiasts have recently proposed Elon Musk to take keep the fire going for the ongoing Lightning Torch experiment. Musk has yet to respond.

Binance CEO Advocates Elon Musk’s Name to Take the Bitcoin Lightning Torch

Continue reading at Coinspeaker
Source: CoinSpeaker

Bitcoin Cash [BCH] claims Avalanche Proof-of-Concept Protocol 10 times faster than Ethereum

The pre-consensus proof-of-concept Avalanche was for the past few weeks a project within the Bitcoin Cash developer community but now, the protocol has been applied to the full node implementation with the PoC now on the network’s mainnet.
Avalanche will add the Byzantine-fault-tolerant proofs to the blockchain network, thereby allowing the nodes to differentiate between two transactions that are in conflict with each other. The advantage with Avalanche, developers claim, is that the protocol will communicate with the nodes in real time as the transaction takes place. The protocol will allow the node network to be questioned, to conclude which transaction between the ones at conflict is preferred.
Bitcoin Cash has confirmed that the Avalanche protocol is only a pre-consensus tool and one that will run parallel to the network’s proof-of-work protocol, making the system more prone to fight-off faulty transactions.
Chris Pacia, a Bitcoin Cash Developer confirmed that the protocol was currently running on the network’s mainnet:
“Ok avalanche proof of concept officially running on mainnet.”
The developer further added a link to the Avalanche Github repository showing the pre-consensus specifications. Prior to listing the specifications, the repository had the following message:
“The following is the specification for avalanche pre-consensus as implemented in this branch. It is not intended to be a final spec and is likely not compatible with the implementation being developed by Bitcoin ABC. The primary purpose is to give other developers something tangible to look at, think about, and discuss.”
Bitcoin Cash developers have also published an Avalanche Transaction Explorer, in which they highlight that transactions finality is around 2-3 seconds or less. Therefore, transactions on the Avalanche explorer cannot be reversed or double-spent. The explorer stated:
“Avalanche is a new consensus algorithm that was introduced in 2018. There is an active proposal to use it in Bitcoin Cash to enable nodes and miners to come to a pre-consensus on the set of valid transactions before they are included in a block. If used this way, it would give Bitcoin Cash the equivalent of nearly instantaneous confirmations while improving mempool synchronization and reducing the financial incentive to 51% attack.”
Gabriel Cardano, another developer at Bitcoin Cash and the man behind the Badger button and Bitbox confirmed, after checking the pre-consensus speed of BCH against ETH:
“Transaction finalized in 1.559723305s. That’s 10x faster than ETH. Serious game changer.”
In a recent episode uploaded on the Bitcoin.com YouTube channel, Cardano confirmed that the team responsible for the Avalanche project was called Team Rocket. Joining Cardano on explaining the Avalanche project, the CEO of Bitcoin.com Roger Ver, who reiterated that the new pre-consensus protocol does not replace the proof-of-work. He stated:
“It doesn’t replace Roof-of-Work (PoW) at all, there’s a bunch of people spreading FUD on the internet. This does not change the proof-of-work mechanism or the blocks or anything about that. It just lets you know in advance what transactions are going to be in the block.”
Ver further confirmed that after the Avalanche protocol, user experience and scalability, along with the speed is going to be 10 times faster when compared to Ethereum.
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Source: AMB Crypto

Litecoin [LTC] vs Bitcoin Cash [BCH]: BCH claims to be most viable transaction option

Cryptocurrency ecosystem has always been competitive as tokens look to solidify their legitimacy and reach worldwide adoption. At press time, the total market capitalization of cryptocurrencies stood at $121 billion and the market volume over the past 24 hours has been about $25 million, after witnessing a large price valuation pump this year.
However, this hasn’t stopped the constant difference surfacing between the digital assets and a twitter account name Bitcoin recently tweeted comparing the transaction fees of Litecoin and Bitcoin Cash.
Bitcoin tweeted:
Source: Twitter
Bitcoin Cash was a result of a hardfork which took effect in August 2017, when a group of developers wanted to increase the block size limit of Bitcoin and developed a code for it. This caused a case of conflict and as a result, the Bitcoin blockchain was split into two.
The group of developers also included Roger Ver, who is one of the current lead proponent of BCH. Roger Ver recently tweeted regarding the Bitcoin block size limit and stated:
Source: Twitter
The Bitcoin tweet mentioned the difference in transaction rates of Litecoin and Bitcoin Cash, driving home the fact that Bitcoin Cash is a more viable and cheaper option than Litecoin, which is supposedly the cheapest alternative in the cryptocurrency market.
According to bitinfocharts, it can be clearly seen that the average transaction fee for Litecoin is 0.0259 USD as compared to Bitcoin Cash average transaction fee, which is only 0.0004 as of on February 8, 2019. This chart also validates the tweet and further solidifies BCH’s claim of being the cheapest option.
Source: Twitter
However, if we observe the transactions per day chart, we can notice that Litecoin is still the preferred option for transactions than Bitcoin Cash as it recorded a total number of 31.023K transactions to BCH’s 10.038K.
Source: Twitter
A Redditor named lubokkanev commented on the tweet and stated that:
“That’s an absurd comparison. A chain either has full blocks or not. BCH won’t have full blocks until a lot of people use it, hopefully never. LTC currently doesn’t have full blocks but it doesn’t want to have big blocks, thus it’s not suited for a global cash system on chain.”
The primary Redditor named OlavOlsm who posted the tweet replied:
“Thats the point. The blocks are more full on LTC than on BCH so the fees are higher. This was way worse 1 year back. Bitcoin had way more fee than Litecoin at that time but Litecoin also had way more fee than Bitcoin Cash. Bitcoin Cash never had full blocks and experience the so called fee market and to avoid a fee market is the goal because the fees always have to be as small as possible. When the price go up enough the minimum fee per byte will be reduced I am sure. But for Litecoin, that is not the case.”
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Source: AMB Crypto

Bitcoin [BTC]: Roger Ver takes another potshot at Bitcoin’s block size limits

Cryptocurrency advocate Roger Ver isn’t known for keeping his opinions to himself and has today, incited quite a reaction through his tweet targeting block size limits. Ver, a proponent of cryptocurrencies since its inception has always argued against any limits on the block size.
Since he was a part of Bitcoin, Ver, affectionately called ‘Bitcoin Jesus,’ had always campaigned for increasing the limit that the original Bitcoin had imposed on block sizes. According to Ver, this was the most significant hurdle to the cryptocurrency’s scalability. It was this issue that finally had Roger Ver and a few others split from the original Bitcoin and create Bitcoin Cash. BCH would itself go on to later go through a hard fork itself, one that led to the creation of Bitcoin SV [Satoshi’s vision] and Bitcoin ABC [Continued to be traded as Bitcoin Cash].
Source: Twitter
Roger Ver’s attack on Bitcoin and cryptocurrencies with a block size limit is a continuation of the views he has carried over the years. Ver has long argued that the limit adds to the Bitcoin network’s congestion, extending transaction times and costs more than necessary. This, he has long felt, has discouraged more companies from adopting cryptocurrencies, costing it a potentially billion dollar market. Bitcoin’s solution to the congestion and scalability issues, the SegWit, doesn’t address the issues at hand, he also suggested.
Furthermore, Ver has also always pointed out that with network connectivity and the number of users growing with every passing year, there is bound to be more traffic on every cryptocurrency network. It is therefore essential he says that cryptocurrencies are made more scalable by easing limits on block sizes. Without scalability, cryptocurrencies would find it very difficult to process transactions in a timely manner. Ver has also stated that by limiting block sizes, additional pressure is put on miners to mine blocks. Presently, the Roger Ver led BCH has a block size limit of 32MB, well over the one other cryptocurrencies such as Bitcoin itself have.
Reaction to Ver’s tweet was swift and fierce. While some in the Twitterverse have attacked him of being the worst thing to happen to Bitcoin, others have questioned him. Some have even accused him of subversion and pointed out that Bitcoin network rejected his proposal to increase block size which the coin itself works best when its nodes are in consensus.
Others have also suggested that Ver’s effort at forcing a hard fork on the issue of block size has pushed those on the periphery of the cryptocurrency world further away as the many nomenclatures that thus evolved, such as BCH and later, ABC and SV, have confused those who may have wished to enter the cryptocurrency market.
Source: Twitter
It has also been pointed out to him that Bitcoin is presently outperforming BCH, with the former’s number of transactions reaching the heights of 2017. Bitcoin presently also has the lowest transaction fees it has ever had in almost three years.
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Source: AMB Crypto

Roger Ver confirms Bitcoin Cash [BCH] partnership with Japanese giant

Bitcoin Cash might have slipped away on the global coin ladder, but adoption remains firmly in check as the Bitcoin hardfork has now sealed-a-deal with Alliance Cargo Direct, which is a part of Japan’s ANA Group.
Roger Ver confirmed the partnership in the latest video posted on the Bitcoin.com YouTube channel featuring Gabriel Cardano and Corbin Fraser. The BCH proponent and CEO of Bitcoin.com announced that he recently concluded a “meeting” with the Allianz Cargo Direct where the conversation was centered around furthering the BCH roadmap.
Despite referring to the latest details as “exciting,” Ver mentioned that he cannot divulge the partnership information due to “insider trading laws.”
He stated:
“We all agreed that we should announce all the stuff that we are doing with ANA Group right now, today. The downside is they say we can’t. Because, there’s this thing called the insider trading laws.”
Ver added that several publicly traded companies are also in the loop to integrate Bitcoin Cash, and this could also be a reason for the insider trading obstacle that is preventing them from taking further their partnership announcement.
The BCH proponent also highlighted that Bitcoin Cash is the only cryptocurrency targeted in this manner, with no other cryptocurrency facing this situation.
He further added:
“It is not Bitcoin Cash and a bunch of other cryptocurrencies. It’s Bitcoin Cash. Period.”
Ver was noticeably displeased at this development and his being forced to withhold the announcement due to the country’s insider trading laws.
Japan has been ramping up its insider trading laws since 2015, with the country’s Financial Services Agency and the Tokyo Stock Exchange (TSE) issuing a corporate governance code instructing publicly traded companies to appoint at least two independent directors. Within a period of two years, 90 percent of all companies listed on the TSE had adhered to the same.
To add onto the adoption news, Bitcoin Cash has also integrated with the Yukizaki Luxury Watch Store, with the store now accepting payments in Bitcoin Cash. The aforementioned watch store already accepts Bitcoins [BTC] using Bitflyer and is now looking to add yet another cryptocurrency to its ranks.
Ver, riding high on optimism, said that Bitcoin Cash can “flip all of the (watch) chain-stores” in Japan from Bitcoin to Bitcoin Cash.
He concluded:
“They’ll all start accepting Bitcoin Cash in Japan.”
As adoption seems to be riding a bullish wave, BCH is severely bearish on the global market charts. Bitcoin Cash has declined significantly over the past few days, with the coin slipping below its major support level, seeing its market cap fall below the $2 billion mark and even losing its fourth spot on the global coin ladder.
Bitcoin Cash fell by well over 8 percent on January 28 and January 29, allowing EOS to overtake the coin and push it out of the top-5. Tether [USDT], the top stablecoin has stayed firm while EOS and BCH fell, allowing the stablecoin to take the fourth spot. At press time, Bitcoin Cash is trading at $112.8 with the market cap standing at $1.98 billion.
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Source: AMB Crypto

Major Fancy Watch Dealer in Japan to Start Accepting BCH

Bitcoin Cash (BCH) may be seeing a new wave of adoption in 2019 with other cryptocurrencies. Roger Ver the cryptocurrency founder stated in a tweet today that a major store that specializes in fancy watches will soon start accepting BCH for payment.
“One of the biggest and fanciest watch shops in all of Japan wants to start accepting Bitcoin Cash for their watches.  Send the owner a tip to show your support! Qpxpvte6zxefw2dxsmrxlctkrz9vylz7autulfar8j”
BCH has seen significant acceptance
Although Roger Ver and his BCH has been fought by Bitcoin supporters, the cryptocurrency has seen quite a lot of acceptance as payment for goods and services. Currently, there are over 900 retailers worldwide who accept BCH as payment. That is a significant number considering that BCH isn’t very popular.
This adoption is for no other reason than the fact that BCH enables microtransactions with low fees which Bitcoin cannot claim right now. Holders of the asset can, therefore, use it to pay for not so expensive items without worrying about the cost of transaction as it is negligible.
Japan, a good choice
Ver must have thought thing through before partnering with the Japanse to use his token. Japan is so far one of the fastest growing economies in terms of cryptocurrency and is potentially the first major cryptocurrency market in the world. This makes the future of BCH a bright one as long as the Japanese are involved.
Other cryptocurrencies are not left behind in Japan. Going back a little, Ripple payment services have been adopted significantly in Japan by different sectors. One of the companies is Consortium Bank which adopted the Ripple payment App. it launched the app in October 2018. This is just one of the several adopters in the country.
Bitcoin is also not left behind as major electronics companies accept Bitcoin and some companies have offered to pay their employees in Bitcoin. This is a level of adoption that is uncommon although Japan is not the most advanced of countries in terms of blockchain technology. There is, therefore, no better place to promote adoption of cryptocurrencies than Japan. At last hopefully, BCH price may see a boost after the hard fork in November last year.
The post Major Fancy Watch Dealer in Japan to Start Accepting BCH appeared first on Coingape.
Source: CoinGape

“If Bitcoin Cash [BCH], XRP or Dash can help in bringing economic freedom, it’ll be great”: Roger Ver

Cryptocurrencies have had a tumultuous start to the year, with the market’s notorious volatility putting almost all the coins to work. The ongoing bear run has also affected major cryptocurrencies like Bitcoin [BTC] and Bitcoin Cash [BCH], despite the market being active in terms of updates and developments.
In a recent interview with Dash’s Joel Valenzuela, Roger Ver, a major Bitcoin Cash [BCH] proponent spoke about Bitcoin’s brand value and the contribution of other cryptocurrencies to the industry.
Ver reasoned that people fight over Bitcoin and everything associated with it because of its sheer branding power and popularity. Ver, who is also the Chief Executive Officer of Bitcoin.com touched upon the fact that the network built around Bitcoin is something to be reckoned with and is something that other cryptocurrency organizations were trying to emulate. He said:
“Like I always say, the main of cryptocurrencies should be to bring economic freedom to a lot of people. The Bitcoin of old did that and that is the reason for its massive popularity among the masses. Ask anyone about Dash and there is a possibility that they wouldn’t know about it, that is not the case with Bitcoin. Economic freedom is really important in the market and currently, some of the cryptocurrencies are still struggling to figure that out.”
Joel Valenzuela added onto Ver’s comments by saying that Bitcoin has a huge lead in terms of integrations and tie-ups. In his words:
“The entire cryptocurrency ecosystem was built around so it is obviously very hard for others to play catchup. The sheer number of integrations into exchanges and other platform is in itself a massive feat.”
Ver followed up by agreeing to Valenzuela’s statements and claimed that Bitcoin’s popularity is still high and that is one of the main reasons why branding is important. During the discussion, the Bitcoin.com CEO agreed that there are only three kinds of Bitcoin while some others are doing their part to elevate the ecosystem. Ver closed the discussion by stating:
“I don’t really know much about Ripple or XRP and where it is headed at the moment but I am a big believer of people having individual control over their expenses. I don’t really care whether that is done using Bitcoin, XRP or Dash.”
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Source: AMB Crypto

Bitcoin Cash [BCH] and Dash can work towards bringing economic freedom to the world, says Roger Ver

Bitcoin Cash [BCH] has had a tumultuous time over the past few weeks from sliding on the price charts to become one of the biggest gainers right now. BCH’s biggest proponent has been Bitcoin.com CEO Roger Ver, who has advocated for the cryptocurrency since its inception in 2017.
In a recent interview with Dash’s Joel Valenzuela, Ver touched upon the situation of the bear market and the reasons for the Bitcoin Cash hash war that took place last November. The CEO agreed that 2018 was a big downer and that in some way, the developments had contributed to some success.
He said that it is somewhere in the middle of success and failure but in the end, the price of cryptocurrencies is not the perfect metric to gauge a coin. In his words:
“The price is the least interesting thing about cryptocurrencies, we need to look at what the digital currency actually does instead. If a coin or a network can bring economic freedom for all, then we will be able to say that the field is a success. Last year, the hype of 2017 died down but that is a pattern seen before and will be seen again in the future too.”
The discussion then moved onto the effects of the bear market and pointed out the massive layoffs that occurred in Shapeshift. Ver admitted that the current market behavior had made Bitcoin.com rethink the hiring situation too because budgeting for the future is important. He mentioned that his organization is not a group filled with Bitcoin Cash maximalists but rather will choose anything that will help make payments faster and simpler. Ver added:
“ We like anything that works. BTC just stopped and clearly it was time for other cryptocurrencies to step up. In a way the communities of Dash and BCH are almost similar in the way that both believe in a fully functional payment system that is fast and trustworthy.”
Ver further commented on the famous hash war and said that there was a stark clash in ideologies and many in the community did not like the roadmap put forth by Satoshi Vision and nChain. The CEO was frank in admitting that the animosity between the two will not be reconciled anytime soon.
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Source: AMB Crypto

Bitcoin Cash [BCH] integrated on peer-to-peer trading platform BitQuick

BitQuick, the over-the-counter cryptocurrency marketplace has increased its coverage by adding the fourth largest cryptocurrency in the market, Bitcoin Cash [BCH] to its platform. This inclusion will allow peer-to-peer purchase and trading of BCH in less than three hours, BitQuick claims.
The marketplace is owned and operated by Athena Bitcoin, which operates Bitcoin and other cryptocurrency ATMs in the US, Columbia and Argentina. Athena Bitcoin also operates Mercado Athena, another BTC marketplace.
Additionally, BitQuick is also used by traders to convert digital currencies to fiat or vice versa in the following countries: US, Canada, Europe, Russia, and Australia.
BitQuick is pegged as a “relatively decentralized” platform as it offers Localbitcoins’ like multi-signature escrow system which allows it to operate relatively freely in the US’ regulatory atmosphere while adhering to the Know Your Customer [KYC] requirements and transactions limits.
At the moment, BitQuick operates in 49 states in the US, with New York being the only exception. Back in 2015, the peer-to-peer Bitcoin market place ended their New York operations as they could not comply with the state’s BitLicense that required every local Bitcoin seller to apply for a license.
The marketplace also accounts for privacy as they do not store their client’s private keys, relying on escrow settlement to generate them. Customers will be allowed to trade up to $250,000 using P2SH [Pay to Script Hash] multi-signature addresses.
In order to gauge the market demand and accordingly expand their cryptocurrency coverage, BitQuick will send out a survey to traders before adding on to their Bitcoin and Bitcoin Cash markets.
The BitQuick announcement comes right when Bitcoin Cash has been enjoying a bullish market, as it saw a price increase of more than 7 percent in the past 24 hours. The overall market has increased by over $2 billion as major coins are awash in green, with BCH leading the charge as the highest gainer in the top-10.
In recent news, Bitcoin Cash proponent and CEO of Bitcoin.com, Roger Ver sparked controversy by comparing Bitcoin [BTC], in its original form, going by its 2009 whitepaper, to Bitcoin Cash in its current form as the only true, “peer to peer electronic cash system for online payments.”
The Bitcoin community on Reddit accused Ver of “borderline scamming” new and uninformed investors who want to invest in Bitcoin and not in its hardfork Bitcoin Cash.
The online community has also credited Ver’s website Bitcoin.com as one of the main mouthpieces of the pro-Bitcoin Cash narrative. Last week, one outspoken critic John Carvalho, known in the community as Bitcoin Error Log, challenged Ver to a “fight” with the rights of Bitcoin.com hanging in the balance.
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Source: AMB Crypto

Roger Ver: Fake social media accounts using my name have scammed over $6 million

Roger Ver, the CEO of Bitcoin.com and a major proponent of Bitcoin Cash [BCH], stated that fake social media accounts using his details have been used to scam online users of $6 million in cryptocurrency.
In the January 20 episode from the Bitcoin.com YouTube channel featuring Roger Ver, Corbin Fraser, and special guest Akane Yokoo from Peaceful Warrior, a BCH adoption merchandise website, the trio discussed the issue of “Crypto Impersonations,” especially the ones using Roger Ver’s name.
Scams built on using Roger Ver’s name have been on the rise with multiple fake accounts being used to contact uninformed Bitcoin and Bitcoin Cash investors, said Ver. He specifically spoke about the use of Twitter and Instagram to prop up fake Ver profiles.
He stated:
“Fake social media Roger accounts (Roger Ver accounts) they’ve scammed, that I know of, over $6 million dollars-worth of crypto.”
Roger Ver further broke down the aforementioned number as $5 million being attained from a single company, a million from another scam, and a few thousand dollar scams from other individuals.
Twitter scams have decreased after the social media website provided Ver with a verified symbol, decreasing the threat of impersonations. However, fake profiles of the Bitcoin.com CEO are still rampant.
Instagram users have to be cautious of the Roger Ver accounts that contact them, as his profile is not verified despite him submitting his passport for verification. Ver stated that his account on Instagram is @roger, with all other accounts being fake.
In light of the above scams, Ver affirmed in the interview:
“I’m never ever ever going to contact any of you guys asking for money or asking to invest in something via direct message on any of these social media platforms.”
Ver even suggested the idea of a “Proof of Human (PoH)” concept on the blockchain that will help the masses identify genuine and fake social media accounts. He even invited entrepreneurs to build such a network which he thinks is necessary for the market.
A post on Steemit, the social media platform that rewards people for content creation, detailed an encounter with a fake Roger Ver profile in order to scam a user. The post, published by a mrdeleted, stated that the fraudster got .08 of a Bitcoin [BTC] from the user by using Ver’s fake profile.
Crypto-impersonations were on the rise in 2018, with several top influencer’s profiles being misappropriated in order to swindle millions. In addition to Ver, fake profiles of Elon Musk, Vitalik Buterin, Erik Voorhees, Barry Silbert, and John McAfee have all been faked to run scams.
The post Roger Ver: Fake social media accounts using my name have scammed over $6 million appeared first on AMBCrypto.
Source: AMB Crypto

Coinfloor Rebrands to Shake Up the Industry with Its Stablecoin and Physical Bitcoin Futures

CoinSpeaker

Coinfloor Rebrands to Shake Up the Industry with Its Stablecoin and Physical Bitcoin Futures

CoinfloorEX has been reorganized. A new entity called CoinFLEX will be based in Hong Kong and will offer trading of physical cryptocurrency futures on the Asian market.

Coinfloor Rebrands to Shake Up the Industry with Its Stablecoin and Physical Bitcoin Futures

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Source: CoinSpeaker

Bitcoin SV Reveals New Logo ‘Rebirth of Original Bitcoin’, Already Mocked by Public

CoinSpeaker

Bitcoin SV Reveals New Logo ‘Rebirth of Original Bitcoin’, Already Mocked by Public

As Bitcoin celebrates the 10th anniversary of the Bitcoin genesis block, bComm (Bitcoin Commerce) Association revealed an updated logo for Bitcoin SV (BSV). This new logo was to mark Bitcoin SV, as a rebirth of Bitcoin.

Bitcoin SV Reveals New Logo ‘Rebirth of Original Bitcoin’, Already Mocked by Public

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Source: CoinSpeaker