Roger Ver: Bitcoin Core Is Slow, Expensive, and Unreliable

posted on

< 1 min

Bitcoin cash, however, can be used around the world as an actual currency, he says.

“Cryptocurrency users and developers around the world are adopting bitcoin cash at faster rates than bitcoin core,” says Roger Ver, one of the first investors of Bitcoin.

Bitcoin cash split off from bitcoin last year after a small group of developers decided to add upgrades that would improve transaction efficiency. The original Bitcoin is being referred to as Bitcoin core to differentiate it from the other version.
Ver, sometimes called “Bitcoin Jesus” because he was one of the first investors of bitcoin, said the Bitcoin core software is “slow, expensive and unreliable.” Instead, he recommends bitcoin cash, which is built specifically for transactions.
“All of these existing businesses are building their new products on top of bitcoin cash, just like myself as the CEO of bitcoin.com,” Ver said on Tuesday. His website helps investors buy and store bitcoin and other cryptocurrencies.
“The economic path that bitcoin cash is on is the one that led to bitcoin’s original success, I’m incredibly bullish on bitcoin cash for the exact same reasons I was bullish on bitcoin back in 2011.”
[cta_en link=”https://iqoption.com/lp/ultimate-trading/en/?aff=88&afftrack=btc1605″ name=”Trade now”][/cta_en]

general risk warning

CFDs are complex instruments and entail a high risk of losing money rapidly due to leverage.

83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

NOTE: This article is not an investment advice. Any references to historical price movements or levels are informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future. Information regarding past performance is not a reliable indicator of future performance. Forecasts are not a reliable indicator of future performance. In accordance with European Securities and Markets Authority's (ESMA) requirements, binary and digital options trading is only available to clients categorized as professional clients.

share

you may also like