n Pangea Blockchain Fund has debuted its new fund, securing million from key investors, including Bitcoin.com CEO Roger Vern
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Blockchain Fund Launches With $22 Million Round Backed By Roger Ver
Switzerland-based Pangea Blockchain Fund is launching after closing a million seed round backed by crypto investor Roger Ver.
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Mining Firm Sues Roger Ver, Bitmain and More for Hijacking Bitcoin Cash
Mining firm United Investment has launched a lawsuit against Bitmain, bitcoin.com, and Bitcoin ABC devs for allegedly taking control of bitcoin cash.
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Bitmain, Roger Ver, Kraken Sued for Alleged Bitcoin Cash Hard Fork Manipulation
n UnitedCorp has launched a suit against Roger Ver and other major industry players for allegedly using unfair methods during the BCH network upgraden
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Roger Ver Sidelines Bitcoin Cash War to Present Crypto Bull Case
n Roger Ver refrained from criticizing Bitcoin during his recent mainstream media appearance, nonetheless plugging his favored Bitcoin Cashn
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Future is Brighter Than Ever for Crypto, Says Roger Ver
The outspoken CEO of Bitcoin.com believes that the future of cryptocurrencies like Bitcoin and Bitcoin Cash is bright, despite the current market sentiment, fearing that the budding financial technology has already met its demise.
Roger Ver: Based on Fundamentals, Crypto’s Long-Term Future is Bright
Roger Ver is a polarizing character in the cryptocurrency industry.
Love him or hate him, though, there’s no denying the early Bitcoin investor has helped bring cryptocurrency into the mainstream and has pushed the envelope for widespread adoption. In his latest comments, the Bitcoin.com CEO gives a positive outlook on cryptocurrencies.
While speaking to Bloomberg, Ver was questioned about the longevity of cryptocurrencies. As a self-proclaimed “fundamentals investor,” Ver believes that “long-term the future is brighter than ever,” for cryptocurrencies, adding that there’s “more awareness,” “more adoption,” and “more stuff happening all over the world.”
Related Reading: Roger Ver Hints at Launching Bitcoin Cash-Centric Exchange
Pundits like to demonize cryptocurrency for its usage in cyber crimes, for being a Ponzi scheme, or how cryptocurrency exchanges have suffered security breaches resulting in millions of dollars stolen from investors. Ver, on the other hand, claims that these things are nothing more than “bullish signals that cryptocurrency is here to stay and here for the long-term.”
“If anything I think it’s brought additional awareness to the ecosystem in the fact that such big players are involved. The fact that hackers are trying to hack it shows its worth something. If it wasn’t worth anything, it wasn’t useful, hackers wouldn’t be wasting their time trying to hack it,” Ver said justifying his comments.
“I’m incredibly bullish on the entire crypto coin ecosystem, and Bitcoin Cash specifically,” Ver explained.
Ver Wishes Bitcoin SV and Other Crypto “Good Luck”
When asked how cryptocurrencies can shed some of the stigma surrounding them, Ver suggests that influential figures and businesses in the space “need to build an economy based on actually using cryptocurrencies as currencies rather than just a bunch of speculators speculating.” Ver says that’s been Bitcoin’s goals from day one, as is the goal of Bitcoin Cash and recent rival Bitcoin SV.
While a “war” between two Bitcoin Cash factions has been waging for months – which many point to as the uncertainty that led to Bitcoin’s break of support at ,000, sending it to new lows – Ver wished his opposing camp “good luck.”
Related Reading: Bitcoin Cash Rivals Duke It Out Ahead of Hard Fork
“I wish every cryptocurrency good luck if they’re trying to bring more economic freedom to the world by making them useful as currencies for the world,” Ver added.
Last month, Bitcoin Cash was hard forked to split and create two “camps” as Ver called them: Bitcoin ABC and Bitcoin SV. Bitcoin ABC was favored by Ver and his supporters, while Bitcoin SV – Satoshi’s Vision – was led by Craig Wright, who claims to be Satoshi Nakamoto.
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Crypto Community Responds to Fake Satoshi’s “F**k You” Email to Roger Ver
Two of Bitcoin Cash’s most high-profile supporters have fallen out over the pending BCH hard fork. Craig “Fake Satoshi” Wright sent an abusive email to Roger Ver earlier this week. Yesterday, Ver responded.
Ver Supports Bitcoin ABC, But Thinks the Whole Fork Dispute Could Resolve Itself
In a video posted to the Bitcoin.com YouTube channel, one of cryptocurrency’s earliest proponents and investors, Roger Ver, has responded to an email sent from self-proclaimed Satoshi, Craig Wright.
The two early Bitcoin pioneers have each sided with one of the opposing camps in the November 15 hard fork (Ver is with ABC and Wright backs Bitcoin SV). Evidently, from the wording of the email, Wright strongly disapproves of Ver’s allegiance.
Ver opened the video by screen-sharing and reciting Wright’s correspondence:
“If you want a war…
I will do 2 years of no trade. Nothing.
In the war, no coin can trade.
If you want ABC, you want shitcoins, welcome to bankruptcy.
It was nice knowing you.
Bitcoin will die before ABC shits on it. I will see BCH trade at 0 for a few years. Will you?
Side with ABC, you hate bitcoin, you are my enemy. You have no fucking idea what that means.
You will.
I AM Satoshi. Have a nice life. You will now discover me when pissed off.
And so. You could have had proof. Your choice.
Fuck you.
Craig.”
After sharing the email and bringing Wright’s maturity into question, Ver contrasted the controversial crypto figure’s words with those of fellow Bitcoin SV proponent and gambling entrepreneur Calvin Ayre. The Bitcoin.com owner stated that he likes Ayre and paraphrased his response to his decision to side with Bitcoin ABC:
“Hey Roger, wherever you’re ready to rejoin the camp that supports economic freedom, we’re here ready for you. That seems like something a sane person would say.”
Throughout the video, Ver displayed a mixture of confusion and exasperation whilst explaining how he felt about the disagreement. The man formerly known as Bitcoin Jesus stated that he believed the fork would pass rather uneventfully. He compared it to the Y2K bug, saying that most likely there would be no long-term split but it didn’t hurt to be prepared for that outcome:
“I think it’s probably unlikely that there will be a long-term fork, especially because there’s no replay protection… The only way you can prepare for [the fork] in the long-term is to make sure you can treat the two coins as separate coins.”
To illustrate his point, Ver reminded viewers of the mess that was made of the Ethereum hard fork following the DAO hack. Since some exchanges did not implement replay protection, customers and exchanges lost money.
Ver then mused on which chain would have the majority support if there was a long-term split. Drawing on hash rate evidence, the early Bitcoin investor stated that ABC would have a “significant majority”. He supported this with data from Poloniex, an exchange which has launched futures trading for Bitcoin SV and Bitcoin ABC already:
“At the moment, it’s about 1:10 in favour of ABC but I think the volume’s pretty light still.”
During the video, Ver is clearly not enamoured by the prospect of another hard fork less than 18 months after that which created Bitcoin Cash in the first place. He even goes as far as to empathise with the “Bitcoin Core” position prior to the August 2017 fork:
“One thing that I guess I have learned… The core people previous were really really opposed to any sort of contentious hard fork and I think there’s some merit to being afraid of that. We’re seeing right now the damage that can be caused by having contentious hard fork.”
Later in the video he also states:
“I wish everyone could all just get along but that’s not reality… I wish that we could build a cryptocurrency that enables more economic freedom for the entire world.”
However, Ver does acknowledge that it was only thanks to the ability of one minority group to reject the majority and fork off that created his pet project originally.
Finally, the Bitcoin millionaire finally offered up some words of advice for those Bitcoin Cash holders concerned about the outcome of a fork:
“Hold you coins in a wallet in which you control the private key. That’s always pretty good advice.”
It was not just Roger Ver who has weighed in on the email though. Many prominent commentators and participants in the space have taken to Twitter to voice their opinion. Jihan Wu, the CEO of mining hardware giants Bitmain, tweeted:
The whole BCH community are working together to kick Fake Satoshi out. The resisitence against cult leader proves the inner strength and sophistication of the BCH ecosystem!
— Jihan Wu (@JihanWu) November 9, 2018
Meanwhile, Emin Gün Sirer referred to the outburst from Wright as a “meltdown”:
Can we cut through the CSW meltdown quickly, and go right to the part where he starts filing frivolous lawsuits?
— Emin Gün Sirer (@el33th4xor) November 8, 2018
Finally, CNBC’s Crypto Trader presenter Ran Neu-Ner posted a tongue-in-cheek poll referencing Wright’s bout of megalomania:
If @ProfFaustus (Dr Craig Wright) launched his own coin would you support it?
— Ran NeuNer (@cryptomanran) November 9, 2018
Related Reading: Roger Ver Hints at Launching a Bitcoin Cash-Centric Exchange
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Roger Ver Hints at Launching a Bitcoin Cash-Centric Exchange
Early Bitcoin proponent-turned Bitcoin Cash poster boy, Roger Ver, has been reportedly musing over the idea of launching a new cryptocurrency exchange platform. Precise details are still scarce, but Ver has stated that his buying and selling service would be launched directly on the altcoiner’s mouthpiece, Bitcoin.com.
Will Ver’s Exchange Help to Reduce Dependence on Bitcoin (BTC)?
For now, Ver has only mentioned the idea of launching his own cryptocurrency exchange briefly.
During an interview in Malta, reported by Bloomberg, the man known as both Bitcoin Jesus and Bitcoin Judas (depending on which side of the August 2017 scaling debate your allegiances lie) mentioned a new exchange as a possibility, but gave little more than a scant outline of how the product would eventually look.
Ver is the CEO of Bitcoin.com, a website providing news, crypto wallet services, developer tools, and other features with more than a little bias towards Bitcoin Cash. According to the man behind the page, the new exchange being considered would be “posted on Bitcoin.com”. He went on to speculate that such a placement would allow “tens of thousands of new users every single day.”
As you might have guessed already, Ver’s exchange platform will use Bitcoin Cash as the base currency. However, he gave no indication if he was hoping to create a full fiat-to-crypto on ramp, which entirely bypasses the current dominant digital asset – Bitcoin.
Having access to a steady flow of traffic could mean that Ver’s exchange will be financially lucrative. However, since he was one of the earliest investors in the cryptocurrency space, money is unlikely to be the reasoning behind such a move into the exchange business.
It is much more likely that he is hoping that its position on Bitcoin.com will help to promote his vision of what Bitcoin should be to the thousands of potential visitors he mentions. It is also probable that such a move is intended to reduce industry reliance on the original Bitcoin (BTC).
As mentioned, the idea is still very much at the drawing board stage of its development. Ver is not even sure whether he would prefer to develop an entirely new platform for buying and selling cryptos or if he should simply locate a partner willing to sell usage rights to him. Both options offer different pros and cons:
“If we build it ourselves, we can do it really, really cheap, and we get exactly what we want… But we don’t have the security of a battle-tested exchange that’s been around for a while.”
NewsBTC will bring you more on this story as it continues to develop.
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Roger Ver: Bitcoin Cash is a Better Investment Than Bitcoin
In a Monday phone interview with CNBC Fast Money, Roger Ver explained why he believes Bitcoin Cash is a better investment than Bitcoin, also expressing that Bitcoin isn’t efficient for commerce due to high fees and low transaction speeds.
Bitcoin Cash Rules
In the interview, Ver, who owns and operates Bitcoin.com, begins his explanation of why Bitcoin Cash (BCH) is a better investment than Bitcoin (BTC), by saying that the latter’s slow transaction times and high fees make it bad for commerce, and that Bitcoin Cash offers the solution to this.
“Bitcoin is no longer…usable for commerce at all. The fees became high, the transactions became slow and unreliable, and people like myself and everybody else who was actually trying to use it for commerce stopped and switched to something else, and that something else looks most likely to be Bitcoin Cash for the most number of people.”
Ver is referring to the long transactions speeds that came about as a result of the meteoric price rise Bitcoin saw in late 2017, for which Bitcoin’s network wasn’t prepared to handle, resulting in high fees and slow transactions. That being said, in the time since, Bitcoin’s transactions fees have dropped greatly due to the price decrease and increased scalability.
Bitcoin Vs. Bitcoin Cash: Price and Transaction Volume
According to bitinfocharts.com, Bitcoin’s on-chain transaction fees peaked along with its price in late December at nearly , falling to a low of about .49. In comparison, Bitcoin Cash’s on-chain transaction fees peaked at approximately .9, falling to a year-to-date low of about .003.
As for Bitcoin and Bitcoin Cash’s prices, Bitcoin has done significantly better than Bitcoin Cash in 2018. According to CoinMarketCap, Bitcoin is currently sitting at ,750, down from its all-time-high of just under ,000. Bitcoin Cash, in comparison, is currently at 5, down from its high of nearly ,000 in December.
Responding to a question from CNBC’s Melissa Lee regarding Bitcoin Cash’s poor price performance, Ver said that he has seen 90% price decreases in Bitcoin before, which only preceded exponential price increases. He added that:
“In investing or in hockey, you don’t skate to where the puck is currently, you skate to where it is going to be in the future, and it is very very clear that all the adoption and the merchants and all sorts of businesses are being built on top of Bitcoin Cash at this point, so for the future, I think Bitcoin Cash is the best investment…”
Importantly, Ver also added that it is incredibly important to diversify, telling Lee that he doesn’t recommend putting all the eggs into one basket, and adding that he himself is diversified and “holds more Bitcoin Cash than anything else, but I have some Ether, some Zcash, some Zcoin, some Monero, some Dash, and some BTC as well…and some Ripple and some Stellar,” emphasizing that it is incredibly important to have a diversified crypto portfolio.
He also added that he is more diversified than he was in the past, moving away from Bitcoin because “the Bitcoin people had this absolutely insane idea in their mind that high fees and slow transaction times were a good thing.”
The cryptocurrency community is split on Bitcoin Cash, with many people believing like it is a shadily marketed scam that doesn’t offer anything more than Bitcoin, and many believing that it is in fact a far more efficient version of Bitcoin, achieving the goals that were originally intended for Bitcoin.
Cryptocurrency mining giant Bitmain is a notable supporter of Bitcoin Cash, with reports claiming that the company owns a higher quantity of Bitcoin Cash than Bitcoin, holding 1.02 million BCH, while holding 22,082 BTC, as of March of this year.
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‘Bitcoin Jesus’ Roger Ver Still Struggling to Bring Bitcoin Cash Forward
Roger Ver, the digital currency enthusiast known as ‘Bitcoin Jesus’ is still struggling to win converts to his preferred coin Bitcoin Cash (BCH), this evident as blockchain analytics firm Chainalysis claims that BCH is barely being used in commerce.
Bitcoin Cash Continues to Struggle
Chainalysis came to its findings due to a review of payments received by the world’s 17 largest crypto merchant processing services, platforms like BitPay, Coinify, and GoCoin.
The findings showed that Bitcoin Cash payments slumped to .7 million in May — from a high of .5 million in March. By comparison, Bitcoin payments totaled million in May, down from a peak of 2 million in September, 2017.
These declines, in some ways, mirror the general dip in the value of digital currencies that we have witnessed throughout 2018. But. comparatively speaking, Bitcoin has dropped by about 55% where Bitcoin Cash has dropped by 75%.
As for market capitalization, after peaking in December, Bitcoin Cash’s has dropped by about 85% to .4 billion, this compared to over 0 billion for Bitcoin currently (according to Coin Market Cap). So while Bitcoin Cash is the fourth-largest digital coin, its market cap is still less than 10% of its bigger brothers.
“There are fewer users of Bitcoin Cash, fewer holders,” Kim Grauer, senior economist at Chainalysis, said in an interview with Bloomberg.
BTC Vs. BCH
It was just over a year ago when Bitcoin Cash hard forked and split from the official Bitcoin blockchain. Shortly after, Ver switched allegiance to Bitcoin Cash and overhauled his Bitcoin.com site to focus primarily on the off-shoot, as opposed to Bitcoin itself. For him, the only way to scale Bitcoin to the level that it could successfully serve the world as a means of payment was to increase the size of the blocks comprising its blockchain (as Bitcoin Cash did).
Many other developers disagreed, citing concerns over increased centralization. Since the split, advocates from both sides have battled on social media.
As for Bitcoin Cash, as noted, adoption in commerce has been low, partly the result the aforementioned concentrated ownership, Grauer said. About 56% of Bitcoin Cash is controlled by 67 wallets not located on exchanges, according to Chainalysis. Of those, two wallets hold between 10,000 and 100,000 BCH. And, according to Grauer, chances are the wealthiest holders are the ones sending a lot of the traffic to merchant services.
Despite all this, Ver has remained undeterred. He highlighted how many transactions Bitcoin Cash is doing in an August 13 Tweet, saying, “the long-term price of a cryptocurrency is a function of its usefulness as a currency.”
Looking ahead, Ver doesn’t have all his stakes in Bitcoin Cash out of the gate. For Ver thinks a “flippening” — the overtaking of Bitcoin’s market cap by another cryptocurrency — is going to happen soon. First with Ethereum, then with Bitcoin Cash:
“I see it happening, and I believe it’s imminent… Ethereum could overtake bitcoin by the end of the year and Bitcoin Cash could do the same before 2020.”
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