Roger Ver Names 3 Main Problems with Bitcoin Cash (BCH)

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Mon, 08/03/2020 - 06:20
Alex Dovbnya
Roger Ver names the things that are holding Bitcoin Cash back the most
Roger Ver Names 3 Main Problems with Bitcoin Cash (BCH)
Cover image via twitter.com
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Roger Ver, the CEO of Bitcoin.com, recently gave his third Bitcoin Cash anniversary keynote where he called for more collaboration within the community, highlighting the importance of both business and software developers. 

He also recognized some main problems with the network such as the chained transaction limit, which was increased from 25 to 50 back in May, and the irreversibility of unconfirmed transitions:  

"So the main things that I see as problems on the Bitcoin Cash network: let's get rid of the 50 unconfirmed transaction chain limit, let's make the unconfirmed transactions as irreversible as we possibly can through whatever consensus method is the most useful for that."

It takes both

In his speech, Ver recognized the prevailing animosity between business developers and software developers within the Bitcoin community.

Without interacting with business developers, a product will not be user-friendly enough, meaning that it will not get traction with the general public.

“Let's have the business developers talking with the software developers about what sort of things the users are actually going to want or the businesses are actually going to want or need.”

Mainstream adoption, the department where Bitcoin is underperforming, remains the main selling point of Bitcoin Cash, which is why there’s a dire need for products that people actually want to use. 

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Bitcoin’s Independence Day 

The two-year  Bitcoin civil war, which started over the scaling debate, effectively ended on Aug. 1 with the launch of the Bitcoin Cash hard fork for those who were not satisfied by user-activated soft fork (UASF) that activities SegWit. 

Bitcoin Cash
image by blog.zebpay.com

Some prominent Bitcoin maximalists, namely Blockstream CEO Adam Back who was widely rumored to be Satoshi Nakamoto himself, celebrate the fork's anniversary as BTC's Independence Day

In the meantime, Ver considers the likes of Back the embodiment of the toxic cancel culture within the cryptocurrency community.

On a recent podcast with Anthony Pompliano of Morgan Creek Digital, Ver did reveal that he keeps half of his wealth in Bitcoin after converting most of all of his stash to BCH.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.