Crypto Pioneer Roger Ver Says BTC Community ‘Hijacked’ Satoshi’s Bitcoin Creation

2018-7-26 09:51

According to some like Roger Ver, Bitcoin is a store of value and not a currency. To be a currency it would have to be used for making payments, then to become a store of value down the road. It’s not surprising, the CEO of bitcoin.com, and longtime Bitcoin Fork BCH supporter has had recent disdain for Bitcoin.

Vers, one of the leading social media influencers for cryptocurrency, has a biased view against Bitcoin, instead believing Bitcoin Cash is the real cryptocurrency king, operating as cryptocurrency was meant to. His point is Bitcoin is simply a store of value that will never provide investors with the economic freedom Bitcoin Cash can.

The reason for his argument is because BCH has low fees and fast transaction times, giving the user complete control of their tokens without having to rely on authorizations from third parties. He then goes on to speak on Bitcoin’s high fees and slow processing times, urging non-users of BCH to re-read the white paper released for BTC, remarking that the white paper better resembles the operations structure for Bitcoin Cash, but not Bitcoin who doesn’t operate as a digital cash payment system.

With a sarcastic overtone, Roger went on to distinguish BCH users from BTC users, mainly himself, claiming that users of the original cryptocurrency remain in hiding while at the same time rejecting Bitcoin’s whitepaper.

His interview went on, comparing cryptocurrency to tobacco being traded in prison. Using the analogy in a rather poor way, and stating he believes Bitcoin will never be ideal for realistic everyday use. Bitcoin users are also thieves, according to Vers, who believes the project has been stolen along with the name, by users who don’t really believe in the cryptocurrency.

Roger remarks himself as one of the reasons Bitcoin is now a store of value, because people like him used it to buy and sell goods and services, which led to it being used as a digital store of value. One reason for his claims is Bitcoin’s lack of anonymity, which is essential for making a store of value a currency. Because as it is now, Bitcoin is in know anonymous or fungible as he puts it. In his eyes it simply can’t go from a store of value to a currency, an idea supported and rejected throughout the cryptocurrency community.

Is Bitcoin a currency or a store of value? Do you agree with Roger Vers? Leave your support or rejection of the viewpoint in the comment section below.

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