[2017-07-30] Roger Ver Claims SegWit Transactions are “Unfairly Cheap” due to...

[tyz]

Roger Ver Claims SegWit Transactions are “Unfairly Cheap” due to Alleged Core Subsidies

We have seen a fair share of strange statements in the cryptocurrency world lately. A lot of people are upset about high Bitcoin fees, which is understandable. However, Roger Ver has seemingly gone off the deep end as far as these discussions are concerned. He feels SegWit transaction on the Bitcoin network are “too cheap” right now. An odd statement for someone who recently claimed Bitcoin fees were too high to buy a cup of coffee with.

http://www.newsbtc.com/2017/07/30/roger-ver-claims-segwit-transactions-unfairly-cheap-due-alleged-core-subsidies/

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[Carlton Banks]

Who's this Roger Ver guy

[TraderTimm]

Who's this Roger Ver guy

You know, the next high-profile scammer to rage-quit because he can't force everyone into his scam-coin.

[Prem.Soorajpaul]

Who's this Roger Ver guy

You know, the next high-profile scammer to rage-quit because he can't force everyone into his scam-coin.

Lol... I heard that this guy owns around $1 billion worth of BTC, and yet he is supporting the Bitcoin Cash altcoin. I don't understand. Why he is trying to destroy BTC, while holding so many coins?

[buwaytress]

Everyone likes a pot shot but this kind of cherry picking will usually, eventually, work both ways. I can't remember how often I am caught out by saying something contrary to what I said yesterday or last year anyway.

With that morality disclaimer aside, I would like to express my outrage at central subsidy of BCC, unless... fees on larger blocks will actually be higher?

[bbc.reporter]

He is biased because he has his own implementation of bitcoin to promote. First it was bitcoin unlimited now he is promoting bitcoincash. Maybe the fork is a scam to double his coins and because they think they can gain more authority and weight on the original chain.

[HTML6]

Who's this Roger Ver guy

You know, the next high-profile scammer to rage-quit because he can't force everyone into his scam-coin.

Lol... I heard that this guy owns around $1 billion worth of BTC, and yet he is supporting the Bitcoin Cash altcoin. I don't understand. Why he is trying to destroy BTC, while holding so many coins?

Owned* and definitely not a billion worth. Assuming he wasn't bsing, he claimed to have sold all of his bitcoins. I doubt anyone believes that though.

[1Referee]

Maybe the fork is a scam to double his coins and because they think they can gain more authority and weight on the original chain.

Essentially it can't be seen as a scam, as people are free to fork off if they so wish. In this case it's highly debatable whether or not it's morally the right thing to do. If we look at things from that point, then it obviously isn't the right thing to suppress Bitcoin's growth, as the Jihan terror squad and other miners have been doing. But from a financial point of view, this is a very lucrative path to follow, and thus it doesn't matter for them that they potentially could harm Bitcoin in whatever way. It's just their greed that has the top priority - bastards that they are.

[bbc.reporter]

@1Referee. From a financial point of view, what are you saying? That we should not dump our BCC and hold them in case the price will go up? I cannot see a reason why it would go up to more than 30 billion in market capitalization. That would make it no.2 in https://coinmarketcap.com/

[Netnox]

Who's this Roger Ver guy

You know, the next high-profile scammer to rage-quit because he can't force everyone into his scam-coin.

Lol... I heard that this guy owns around $1 billion worth of BTC, and yet he is supporting the Bitcoin Cash altcoin. I don't understand. Why he is trying to destroy BTC, while holding so many coins?

Owned* and definitely not a billion worth. Assuming he wasn't bsing, he claimed to have sold all of his bitcoins. I doubt anyone believes that though.

If he had sold that many coins, then how much could have been his tax bill? Oh... I forgot that he has renounced his American citizenship, and has moved to Saint Kitts and Nevis. And if I am not wrong, there is no income tax or capital gains tax in Saint Kitts and Nevis.

[1Referee]

@1Referee. From a financial point of view, what are you saying? That we should not dump our BCC and hold them in case the price will go up? I cannot see a reason why it would go up to more than 30 billion in market capitalization. That would make it no.2 in https://coinmarketcap.com/

You didn't understand what I meant. I was saying that from a financial point of view, this chain split is a smart move for the entities behind BCC as they are extremely large holders. It will gain them millions and millions without doing anything. Negative aspect is that this move isn't morally the best thing to do, as it might potentially hurt Bitcoin in whatever way. In other words, their hunger for greed is so strong, that they take it as collateral damage in case Bitcoin might suffer from their actions.

[iram1011]

@1Referee. From a financial point of view, what are you saying? That we should not dump our BCC and hold them in case the price will go up? I cannot see a reason why it would go up to more than 30 billion in market capitalization. That would make it no.2 in https://coinmarketcap.com/

You didn't understand what I meant. I was saying that from a financial point of view, this chain split is a smart move for the entities behind BCC as they are extremely large holders. It will gain them millions and millions without doing anything. Negative aspect is that this move isn't morally the best thing to do, as it might potentially hurt Bitcoin in whatever way. In other words, their hunger for greed is so strong, that they take it as collateral damage in case Bitcoin might suffer from their actions.

I don't think they have or they will be able to effect Bitcoin growth with their BCC fork neither on financial level not on demand level. Indeed it is nothing more than a greedy move. BCC is likely to fade away in thin year before its inception. But still the large holders would be able to make a good profit through BCC (such an easy free money for them). This is the only reason for all the fuss related to creation of BCC. It wasn't at all required.

[Netnox]

@1Referee. From a financial point of view, what are you saying? That we should not dump our BCC and hold them in case the price will go up? I cannot see a reason why it would go up to more than 30 billion in market capitalization. That would make it no.2 in https://coinmarketcap.com/

You didn't understand what I meant. I was saying that from a financial point of view, this chain split is a smart move for the entities behind BCC as they are extremely large holders. It will gain them millions and millions without doing anything. Negative aspect is that this move isn't morally the best thing to do, as it might potentially hurt Bitcoin in whatever way. In other words, their hunger for greed is so strong, that they take it as collateral damage in case Bitcoin might suffer from their actions.

Till now, the exchange rates suggest no negative fallback for the Bitcoin. But I would be rather careful and wait for 2-3 more days before giving out my verdict. That said, right now it seems that BTC + BCC market cap will be higher than the pre-August market cap of Bitcoin.

[Coin-Keeper]

Who's this Roger Ver guy

You know, the next high-profile scammer to rage-quit because he can't force everyone into his scam-coin.

Lol... I heard that this guy owns around $1 billion worth of BTC, and yet he is supporting the Bitcoin Cash altcoin. I don't understand. Why he is trying to destroy BTC, while holding so many coins?

Owned* and definitely not a billion worth. Assuming he wasn't bsing, he claimed to have sold all of his bitcoins. I doubt anyone believes that though.

If he had sold that many coins, then how much could have been his tax bill? Oh... I forgot that he has renounced his American citizenship, and has moved to Saint Kitts and Nevis. And if I am not wrong, there is no income tax or capital gains tax in Saint Kitts and Nevis.

If that is true then he just saved about 420 million in taxes.  Not a bad day's work!

[Slow death]

Who's this Roger Ver guy

this guy

now he is promoting bitcoincash.

He bets on the success of bitcoin cash

he is willing to put his money on the line and bet on the success of Bitcoin Cash.

 Maybe the fork is a scam to double his coins...

He said he has 130.000 BTC so he should have 130.000 BCH

Roger Ver, who claims to have 130,000 BTC

He feels SegWit transaction on the Bitcoin network are “too cheap” right now. An odd statement for someone who recently claimed Bitcoin fees were too high to buy a cup of coffee with.

So what does he really want?