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Roger Ver Just Made The Bitcoin Community Very Unhappy With A CNBC Appearance

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For anyone that’s spent a certain amount of time in the cryptocurrency (and, in particular, the bitcoin) space, Roger Ver will be something of a household name. Dubbed the Bitcoin Jesus, he’s famous in the sector for his early support, buying up 25,000 BTC at $1 (an investment that’s now worth more than $425 million) and, subsequently, for pushing the bitcoin agenda across the globe between, say 2012-2016.

More recently, however, he’s turned from bitcoin saint to bitcoin sinner.

On the off chance that anyone missed the story, Ver is now a proponent of what’s called Bitcoin Cash (BCH), which is a fork of the bitcoin chain (which is now being called Bitcoin Core) and it’s designed to function in a similar way as does bitcoin but with faster transactions and lower fees.

And to Ver’s credit, it does exactly that.

The problem is, however, he’s marketing Bitcoin Cash as the ‘real’ bitcoin and, at the same time, promoting the suggestion the Bitcoin Core is not the version of bitcoin outlined in Nakamoto’s now famous whitepaper.

 

He’s also the owner of Bitcoin.com, which makes things a little complicated. Basically, Bitcoin.com offers him a platform from which to spread his belief that Bitcoin Cash is the bitcoin of the future and this has served to anger many of those holding, or using, or even just involved in, Bitcoin Core.

So why is this important today?

Well, take a look at this video.

The video is a YouTube reproduction of CNBC’s Fast Money from early this week and – you guessed it – the guest being interviewed is none other than Ver. Now, this wouldn’t normally be a problem. Well, it wouldn’t have been twelve months ago. Now, however, Ver is a Bitcoin Cash proponent and this sets up a skewed incentive type situation – one in which there’s a real conflict of interest.

Bitcoin Cash Chart

Bitcoin Cash Chart

For anyone that doesn’t want to watch the video, Ver is set up by the team at CNBC as being a guru in the bitcoin space and he then spends his time outlining a long-term bearish view for bitcoin, in favor of Bitcoin Cash.

At the interview’s completion, a number of the anchors suggest that, on the back of what Ver has said during the interview, they deem Bitcoin Cash as the better investment right now, as opposed to bitcoin (Bitcoin Core).

So why is this a problem?

Well, Bitcoin Cash is essentially an altcoin that Ver has a very vested interest in and it’s very favorable to him (from a financial perspective) to market Bitcoin Cash and, in turn, to push its price up on the open market. That’s not a problem but when you’ve been given a platform such as Fast Money and you use it not only to promote personal interests but to also suggest that a competing asset, one for which you are considered the guru in a large portion of the investment community, has a long-term bearish outlook, it becomes something of a problem.

The market response to the development has been somewhat flat. Bitcoin Cash is up a couple of percentage points, as is bitcoin (Core) and this may be something to do with the complexities of buying Bitcoin Cash as compares to Bitcoin (or a general lack of understanding of the two) right now.

When Bitcoin Cash is listed on Coinbase, however, as is widely expected to be the case by the end of this year, this conflict could heat up.

Again, for anyone that’s not seen the CNBC interview, it’s well worth a look.

Additionally, for anyone that wants to see just how much Ver cares about Bitcoin Cash (and, specifically, the fact that it’s referred to as Bitcoin Cash and not BCASH, as some of the community are calling it), here’s an interview that’s well worth checking out.

 

We will be updating our subscribers as soon as we know more. For the latest on BCH, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.


Image courtesy of Bitcoincash.org

Bitcoin

Basic Guide on How to Spend Bitcoin and Other Cryptocurrencies

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In recent years, Bitcoin and other cryptocurrencies have entered more into the mainstream. Most people walking down the street have at least heard of Bitcoin. While a lot of people got involved in the buying and selling of cryptocurrencies to try and make a quick buck, most people who are enthusiastic about the world of blockchain are in it for the long haul. 

These are usually the people who are going to be more likely to actually use their Bitcoin and other cryptocurrencies as a payment tool and not just as a storage of wealth or a trading tool. This guide looks at a few different ways in which you can use your Bitcoin in spending capacity. 

Crypto Debit Cards

Perhaps the easiest way for you to spend your cryptocurrency is by linking up your holdings to a debit card. 

These days, many of the leading card providers such as MasterCard and Visa have these types of crypto-linking debit cards. These cards can be used just like you would a normal debit card that is linked to your fiat currency bank account. 

Naturally, the most popular type of crypto debit card is going to be for Bitcoin, but there are other cryptocurrencies catered for also. 

Prepaid Cards

There…

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Hybrid Bitcoin Casinos or Bitcoin-Only Casinos – Which Are Better?

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The rise of cryptocurrencies over recent years has had an impact on several industries. Gambling is one such industry, and many of the best online casinos offer Bitcoin as a payment method

Some of these casinos work exclusively with cryptocurrencies, while some are more traditional gambling sites that simply have integrated crypto on top of their fiat options.

This post will take a look at the advantages of joining a Bitcoin-exclusive casino on the web versus picking a hybrid one.

Advantages of Hybrid Bitcoin Casinos

Let’s start with the hybrid Bitcoin casinos. Usually, those are traditional gambling platforms that have been around for a long period of time. 

They offer classic payment methods such as Visa, PayPal, Skrill, and similar. At some point, they decided to add Bitcoin and potentially other cryptocurrencies to their portfolio. 

If you decide to join an online casino of this type, you will be able to enjoy the following benefits.

Lower Risks

Such online casinos often have a strong reputation and are licensed by respected gambling commissions such as the UK Gambling Commission, the Malta Gaming Authority, and similar regulators.

They are known for protecting the customers and monitoring all actions…

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Is Bex500 an alternative to BitMEX?

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An all around review of Bex500

Bex500 is a young but rapid-growing exchange, less adversarial than BitMEX, but with higher leverage than Binance, Bex500 has enough strings to attract many crypto traders. 

Those dissatisfied with the old exchange, may find Bex500 exchange with a stable system with no manipulation or “overload”, pleasant UX, user-friendly tool kits, and around-clock customer service.

Bex500 says they are making crypto margin trading “easier” and giving you a better return. 

Can they really achieve that? We conduct a comprehensive review as below to see if it is a trustworthy exchange

Question 1. What features does Bex500 have?

Bex500 offers perpetual BTC futures as well as three other cryptos including ETH, XRP and LTC, all paired against USDT. You may find Bex500 doing a good job aggregating most important features traders need for a robust trading experience with better return.

-A fair trade with no overload

Many traders are familiar with “overload” problem, which disables placing orders in peak trading times. It is suspected to be insider manipulations by exchanges which can cost users entire portfolios.

Bex500, with its unmatched TPS (claimed to be over 10,000 orders per second), ensures that the trading…

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