Roger Ver is one crypto figure that attracts lots of hate online, for his criticism of Bitcoin core. However, if you look at his vision of bitcoin cash (BCH), you would realize that he has a vision that will see bitcoin cash (BCH) get adopted by businesses all across the world. To understand his vision, one just needs to look at his very passionate presentation at a Coin geek event in Hong Kong, a month ago.
One of his key highlights was that bitcoin (BTC) started out so well, as the perfect digital currency. That’s why investors were so excited about it in its early years. It was literally a serious rival to the banking system as we know it. However, after the blocks filled up, the bitcoin core team failed to make moves to increase the block sizes, and keep bitcoin on course for the actualization of its original vision. According to Ver, it’s at that point that the world saw an explosion of altcoins, as people sort out alternatives to bitcoin. Roger Ver is one of the people who saw this threat to bitcoin and fully supported Bitcoin cash (BCH).
Unlike bitcoin (BTC), Bitcoin cash (BCH) is scalable, fast, and has some of the lowest transaction costs in the crypto market. This makes it a true currency, in line with the true vision of Satoshi Nakamoto. Bitcoin core can’t achieve any of this. The bitcoin core team has steered bitcoin in the wrong direction, by labelling it as digital gold. However, the truth is that this new definition of bitcoin (BTC) is neither here nor there. The excitement around bitcoin and cryptocurrencies did not come up because people were looking for a digital version of gold. People were excited with this new decentralized form of currency that could be used anywhere all across the world, was cheap and faster than any other payment method known to humanity. The whole concept of digital gold has killed bitcoin, and created a speculative bubble around the entire cryptocurrency market.
In essence, it makes sense to rally around Roger Ver’s vision of bitcoin. As he put it during this event, bitcoin cash aims to eliminate the HODLER mentality, build services that incentive people to use Bitcoin Cash (BCH) as well as create real demand for bitcoin cash. This looks like a vision that could see bitcoin cash (BCH) steer the crypto market in the right direction again.
What the market needs right now is more usage of crypto in day-to-day transactions. Crypto needs to get back on track towards the vision that Satoshi Nakamoto had, and it’s what Roger Ver is aiming for. Anyone who hates him simply doesn’t understand the whole essence of crypto, and that’s daily usage. Anything outside of that is a utopian dream that will never take crypto anywhere.
If Roger Ver sees through with his dream for bitcoin cash (BCH), it will dethrone bitcoin core as the largest crypto in the market. His vision is the most sensible route, for the future growth of the market.