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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

Is Bitcoin Esport Betting the next big thing in BTC Casinos?

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Bitcoin Casinos

Ever since the creation of the first sport games, people started enjoying the betting process. As the sports grew more popular around the world, so did the betting community and other than the physical betting shops, online sportsbooks have also started to emerge. Around 5 years ago the crypto gambling industry also made strides to join the fun and Bitcoin Casino started pouring its resources into providing proper sportsbook experience for their communities of players. For several years the things were steady and the concept of Bitcoin Betting was growing exponentially. Although recent events have significantly halted the progress of sports and betting, the new alternative started gaining traction in the gambling world, and that alternative was the Esport Betting. 

How did Esport Betting become so popular?

The beginning of 2020 was unprecedented for the history of mankind and all the global business, including the gambling industry. In the month of March, most of the sports stopped because of the ongoing global Covid-19 pandemic and betting services witnessed huge losses. That’s where the Bitcoin Casino industry found a viable alternative in the virtual sport segment. Because of that, Esport Betting has become increasingly more popular and the biggest BTC Casinos started providing a huge selection of tournaments in their sportsbook section.

How to participate in Esport Betting?

Esport Betting is basically the same process as the usual sports betting.…

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Bitcoin

Bitcoin is Steadily Changing Our Lives in the Greatest Ways Possible

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Bitcoin

Bitcoin has already brought our world some of the most incredible innovation we have seen, but the best is yet to come. 

Bitcoin, cryptocurrencies, blockchain. While often regarded as mere industry buzzwords are actually the fundamentals of something far greater. Things like borderless currency, decentralized business, open-source software, collaborative technology, shared computing. These are just a scant few of the underlying principles that are taking our technology and daily lives into the future. Should these sciences be embraced, it will be a bright future indeed. 

It has become ever more transparent that humans today are living in fear. If nothing else, 2020 has brought the tidal wave of anxiety and distrust that many live in the shadow of, to a terrifying apex. We are all just waiting for the crash. While some flock to literature, or social media, or their favored news outlet, others flock to exchanges. Using platforms like the newbie friendly Bitvavo to place their bets on the future, on what could be, and what already largely is. Bitcoin and the technology that underpins its innermost workings are a preparation for a better tomorrow. An investment in a future that is already changing our lives today. 

The Point Behind the Hype 

In 2008, when Satoshi Nakamoto wrote the bitcoin white paper, few paid attention. It took years to…

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Bitcoin

AAX Crypto Exchange Announces Massive Growth Numbers in August

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AAX Exchange

As the crypto market continues to surge, new traders continue to enter the market on a daily basis.  One of the first questions that new traders have is where should they trade crypto.  While there are countless options for buying and selling digital assets, traders need to exercise extreme caution and perform due diligence to avoid scam exchanges as well as places that have limited or no volume.  While the main platforms such as Coinbase, Binance, and Bittrex will always have significant volume, their fees are known to be on the expensive side.  AAX, a next-generation cryptocurrency exchange with the lowest futures fees in the world, represents a compelling alternative that traders should consider.

Growth Announcement

A few of the most important issues to consider when deciding whether to use an exchange are the number of users and the volume.  On August 7, AAX announced that in a little over two weeks, the exchange doubled its user base bringing the grand total of registered users to over 200,000.  At this rate, AAX may surpass the million mark later this year which would be an incredible achievement and is most certainly due to a variety of factors including extremely low fees and revolutionary technology.

Institutional-Grade Exchange

When AAX decided to build its platform, it set out to meet the demands of both institutional and retail investors.  In order to achieve that goal, the exchange operates at the highest possible…

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