Interviews 19 July 2018

CoinGeek

Roger Ver: Bitcoin Cash is money for the world

Cryptocurrencies like Bitcoin have been touted as tools that would bring economic freedom to every single individual in the world. The goal, after all, is to make the world a better place to live in. But the world governments, threatened that the power will be stripped from them, stepped in and advocated for a limited block size, resulting in slow, unreliable and expensive transactions on the network.

In August 2017, Bitcoin Cash (BCH) forked back to Bitcoin—essentially the rebirth of Bitcoin on the original blockchain. Several months later, the Bitcoin BCH network was upgraded to increase the block size from 8MB to 32MB as well as the re-enabling of several OP_Codes, allowing developers to build complex projects on top of the Bitcoin Cash blockchain.

The increase in block size means that BCH is much better equipped to be used as a legitimate digital currency in a retail environment, offering faster transaction times and reduced costs. But for it to become the “cash for the world,” merchants and consumers will to start using it—as cash.

Roger Ver, CEO of Bitcoin.com and on early Bitcoin adopter who played a significant role in propelling many startup projects in the space, said merchants have “absolutely nothing to lose,” and everything to gain with Bitcoin Cash.

“You’re going to have a whole bunch of new customers that have a bunch of money that want to spend it in your business if you start accepting Bitcoin Cash, so start accepting it today,” Ver told CoinGeek.

For first-time users, Bitcoin.com has a tool called Bitcoin Faucet, which gives anyone with a Bitcoin.com wallet address “a little bit of Bitcoin Cash for free.”

“[Bitcoin Faucet] used to exist on BTC Core. They no longer do on BTC Core because the fees became so high, but on Bitcoin Cash those are alive and well forever,” Ver said. “Tell your friends, tell your family, tell every business you frequent, ‘Hey, start accepting Bitcoin Cash, start using Bitcoin Cash.’ Bitcoin Cash is money for the world and it brings more economic freedom to every single individual in the world, and that makes the entire world a better place.”

If you’re interested in helping the growth of merchant adoption of Bitcoin BCH, join the bComm Association, an industry group that intends to be the focal point for miners, merchants, exchanges, developers and members of the BCH community. Developers and merchants of the Bitcoin BCH community will also be on hand for the first CoinGeek Week happening in London in November. Register here, and be one of the first to know when tickets go on sale.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

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