[2018-08-28] Roger Ver: Bitcoin Cash is a Better Investment Than Bitcoin

[Thekool1s]

From the article: "In a Monday phone interview with CNBC Fast Money, Roger Ver explained why he believes Bitcoin Cash is a better investment than Bitcoin, also expressing that Bitcoin isn’t efficient for commerce due to high fees and low transaction speeds."

Link: https://www.newsbtc.com/2018/08/28/roger-ver-bitcoin-cash-is-a-better-investment-than-bitcoin/

 

[1Referee]

Most interesting aspect of Roger speaking out yesterday, is the fact that he significantly lowered his tone in various ways. He wanted to say that Bitcoin was no longer usable for commerce at all, but corrected himself and referred to how it wasn't usable for commerce last December. In other words, he admits that Bitcoin as it is right now is actually usable for commerce.

The other part is that he is now opting for people to diversify, diversify, diversify and you can guess, diversify. Could the potential split of BCash be a reason for that? It might be. Timing is very interesting.

Also, every altcoin investment when it comes to cold hard gains is potentially a better short term investment than Bitcoin. In other words, people have the freedom to dive into nearly 2000 altcoins to pick which one suits them the best.

[Lucius]

Roger is just trying to save his project which slowly sink with each new day, and he is just repeated more or less same things from past. No mention of SegWit or Lightning Network or how cheap is transaction today, perhaps he does not understand how this work...

A statement that BCH is better investment then BTC is expected from Roger, what else he can say - except that we should also invest in others coins, it is really great wisdom he shared with us.

In last 3 months BitcoinCash is lost 450-500$ of value, and in the same time price of BTC is almost stay the same, so how is better to invest in BCH and why, maybe because is cheap and because Roger says so?

[rodskee]

From the very start i'm not believe roger ver he have nothing straight stand
We should kinow roger ver promited bitcoin cash to replace bitcoin but he not succeed
They make thought against bitcoin bla lba because they want bitcoin cash become king
I don't beleive bitcoin aren't usefull for commerce blockchain continue to upgrade in the help of computer technology  and bitcoin transactions using blockchain become completely faster and realable.
Roger ver make defamation statement to destroy bitcoin as a king of crypto

[Thekool1s]

Most interesting aspect of Roger speaking out yesterday, is the fact that he significantly lowered his tone in various ways. He wanted to say that Bitcoin was no longer usable for commerce at all, but corrected himself and referred to how it wasn't usable for commerce last December. In other words, he admits that Bitcoin as it is right now is actually usable for commerce.

That's what usually happens when the 'checks' stop to flow in.

No mention of SegWit or Lightning Network or how cheap is transaction today, perhaps he does not understand how this work...

Lol, Why would he? These features technically kill the 'need' for altcoins altogether. He isn't that stupid, you have to give him some sort of credit here  

[TraderTimm]

Same talking points, same bullshit.

Just wait when BCash forks -- and it may happen sooner than November. Calvin Ayre and his Coingeek mining pool has about 26% of the BCash hashrate -- that is going bye-bye when him and Craig "Faketoshi" Wright do their Bullshit SV coin.

Cobra is proposing yet ANOTHER fork, so there's that one.

And finally, with Bitmain hemmoraging cash and frantically trying to get an IPO together -- Jihan has an incentive to dump on Roger Ver and the rest before they have a chance.

Its turning out to be a rather entertaining last chapter for that shitcoin, and it couldn't happen to a more sleazy bunch than the BCash camp.

[alex_gr_cc]

Roger Ver can not talk about anything else. From a technological point of view, he is right. Bitcoin Cash really surpasses Bitcoin. But if Bitcoin solves his problems, - all payment cryptocurrency will leave the market.

[figmentofmyass]

i guess it worked for bitcoin last year: hard forks/spinoffs added value, and the market kept rising. unfortunately for ver, that was an obvious bull market. this is not.....

where can i find a comparison of the proposed fork(s) vs the current version?

No mention of SegWit or Lightning Network or how cheap is transaction today, perhaps he does not understand how this work...

Lol, Why would he? These features technically kill the 'need' for altcoins altogether.

...do they? fixing transaction malleability and building a scalable payments network on top of BTC are huge, but do you really think that could kill the need/demand for altcoins?

it's obvious that BTC can't implement every possible feature or speak to every possible use case. and we shouldn't want it too either---we don't need a bloatchain (we're seeing the downsides of that with ethereum's design). and contentious changes are contentious (hence the launch of bcash last year). also, altcoins are testbeds for BTC---consider ones that implemented segwit last year before it was activated in bitcoin.

regardless of what gets implemented in bitcoin (and in reaction to whatever doesn't get implemented), there will always be a niche for altcoins. one use case that immediately comes to mind is mandatory private transactions, like monero. that's never gonna happen in bitcoin.

[Thekool1s]

but do you really think that could kill the need/demand for altcoins?

Any altcoin which exists 'truly' for the purpose of 'daily driver' will certainly get killed in the Long run. I was referring to coins like LiteCoin which are an exact copy of bitcoin with no additional benefits, I don't see why would people need anything except bitcoin in the future as their daily driver, Once things like Atomic Swap and lightning network are a reality. While i can agree with you on anything which bitcoin doesn't offer will certainly survive and thrive IMO, Just like you mentioned Menero.

[dreamhouse]

but do you really think that could kill the need/demand for altcoins?

Any altcoin which exists 'truly' for the purpose of 'daily driver' will certainly get killed in the Long run. I was referring to coins like LiteCoin which are an exact copy of bitcoin with no additional benefits, I don't see why would people need anything except bitcoin in the future as their daily driver, Once things like Atomic Swap and lightning network are a reality. While i can agree with you on anything which bitcoin doesn't offer will certainly survive and thrive IMO, Just like you mentioned Menero.

The money is with Bitcoin, the best tech will follow Bitcoin. Bitcoin will solve its issues for sure, there's no real tech hurdles there. All other coins, may not die, but has no way to compete with Bitcoin. Bitcoin Cash will fade for sure.

[Kakmakr]

Words coming from a guy standing on the deck of the sinking Titanic.  He is trying to tell people to be calm, the ship is not sinking, ignore the water flowing into the ship, because the Titanic is bigger and better than all the rest. ^lol^

Knowing Roger Ver, I would not be amazed if he still has all his Bitcoin <BTC> and just hyped up Bitcoin Cash because he got a shitload of it when Bitcoin <BTC> forked and he wanted to make a huge profit on that pump.

The need for attention is huge with this one. 

[AXELNetwork]

Most interesting aspect of Roger speaking out yesterday, is the fact that he significantly lowered his tone in various ways. He wanted to say that Bitcoin was no longer usable for commerce at all, but corrected himself and referred to how it wasn't usable for commerce last December. In other words, he admits that Bitcoin as it is right now is actually usable for commerce.

There was also the issue about a month ago where a Bitcoin Core developer found a severe flaw in Bitcoin Cash and helped save them from a huge disaster. Ver understands that he can't completely slog off Bitcoin or else he would look bad by comparison.

[Coin-1]

In last 3 months BitcoinCash is lost 450-500$ of value, and in the same time price of BTC is almost stay the same, so how is better to invest in BCH and why, maybe because is cheap and because Roger says so?

I think that the previous value losing of all the altcoins (including Bitcoin Cash) was caused by the Bitcoin ETF proposal. The investors believed that the SEC will approve an ETF this year, therefore they sold their altcoins and bought BTC, but eventually their hope was in vain.

Theoretically, the dominance of Bitcoin can return to 45% and I guess that BCH can rise again compared to BTC.

Just wait when BCash forks -- and it may happen sooner than November. Calvin Ayre and his Coingeek mining pool has about 26% of the BCash hashrate -- that is going bye-bye when him and Craig "Faketoshi" Wright do their Bullshit SV coin.

As far as I know, in 2017 supporters of Bitcoin Cash didn't want to embed the new technology named as Segregated Witness into the blockchain, so it seems that this fork had some solid reasons.

[eternalgloom]

Most interesting aspect of Roger speaking out yesterday, is the fact that he significantly lowered his tone in various ways. He wanted to say that Bitcoin was no longer usable for commerce at all, but corrected himself and referred to how it wasn't usable for commerce last December. In other words, he admits that Bitcoin as it is right now is actually usable for commerce.

There was also the issue about a month ago where a Bitcoin Core developer found a severe flaw in Bitcoin Cash and helped save them from a huge disaster. Ver understands that he can't completely slog off Bitcoin or else he would look bad by comparison.

But that's in essence precisely what he's doing though, even though he might have 'corrected' himself later on, that first statement is the one that's going to stick.
The correction is just made so he can't be accused for lying, but I really think that 'Bitcoin is slow and expensive' was made with somewhat ill intent.

Doesn't he already look bad for most of his comments against Bitcoin? I don't think his reputation could get much lower than this.

[vit05]

Competition is always positive. Cryptocurrencies are coming at a crucial time where not only do they need to have an excellent roadmap, they need to have products in place.

Roger is a capitalist entrepreneur. He is not a developer, nor does he seem to be passionate about a code, but, rather, for its usability. I'm sure he can jump to another currency if it turns out to be much better for trading, securing the original properties of Bitcoin.

I imagine that today it has, when added, ETH + Stellar + Zcash more than BCH.