Roger Ver of Bitcoin.com lists benefits of the Bitcoin Cash {BCH} network, maximalists hit back

Bitcoin Cash is ranked at #4, ahead of Litecoin but below XRP on coinmarketcap. The price declined at a rate of 1.48% in the course of the past …

Bitcoin Cash is ranked at #4, ahead of Litecoin but below XRP on coinmarketcap. The price declined at a rate of 1.48% in the course of the past 24-hours. The trading volume recorded is $944.496 million, while the supply has 17,953,263 BCH coins in play. The total market cap of Bitcoin Cash is $5.474 billion. As of this moment, BCH is priced at $304.95.

What makes Bitcoin unique?

It’s the only cryptocurrency to ever have INTENTIONALLY full blocks to cause the user experience to become:

1. Slow

2. Expensive

3. Unreliable

Bitcoin Cash has the market set the block size, so transactions are

1. Fast

2. Cheap

3. Reliable

— Roger Ver (@rogerkver) August 17, 2019

Roger Ver is the CEO of Bitcoin.com and has been a Bitcoin Cash proponent ever since the hard fork 2 years ago. However, not all folks on Twitter agree with him, as BTC enthusiasts took to debunking his alleged claims on Bitcoin Cash being safer and instantaneous. Have a look:

Look.. I can get many likes too! 😉

— Mr👀HasH (@Mr00HasH) August 17, 2019

Dozens of merchants in Queensland and other parts of Australia are BCH enthusiasts. A meetup was announced for the month of September.

We’re proud to be a platinum sponsor for the very first @BitcoinCashCity conference!

Taking place in Townsville, #Australia, where #BitcoinCash has already been widely adopted, it’s a chance for people to learn how #BCH can benefit them 🇦🇺

Get tickets: https://t.co/uRxQjAiCpepic.twitter.com/aeuRk4mwQj

— Bitcoin.com Official (@BitcoinCom) August 16, 2019

Data from the BCH/USD candlestick chart on tradingview points to bears triumphing over bulls for now. The daily RSI [for 10 periods] stands at 39.65 and may decline further. Since 16th August, the MACD line has remained beneath the signal line, enabling the histogram to be red. The Ichimoku Cloud is crimson too from 2nd August onward.

Key support exists near the $268 mark, while resistance will be felt if BCH can reach $358 by the end of next week.

About Post Author

Aditya Chatterjee

A specialist in comics and cryptocurrencies with an inclination towards DASH and Cardano. I have an innate desire to be a seasoned trader in the near future. Analyzing candlestick charts is a personal hobby.

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Blockchain startups raise $3.2B in H1 as IEOs take over

The Digital Currency Group is still the outright leader in the number of closed deals in the sector. Fintech startups have been the most attractive to …

Blockchain startups raised $3.2 billion in the first half of 2018, a new study has revealed. The study, conducted by TeqAtlas, a research company that majors on emerging technology, revealed that token generation events continue to be the favored funding method, generating close to twice the amount raised by traditional funding methods. The study also revealed the growing popularity of initial exchange offerings (IEOs) which are gradually replacing the initial coin offering (ICO) method.

Over $20 billion was raised by blockchain startups in 2018, a record since the industry became mainstream. However, in 2019, the figure has dropped drastically. In the first half of the year, blockchain startups have managed to raise $3.2 billion. The number of deals made in the industry has also taken a hit, with 268 deals in H1 compared to 910 in 2018.

IEOs have been enjoying its popularity over the first half of the year, gradually taking over from the ICO model which has been marred by regulatory issues—a natural progression, according to the TeqAtlas team. And while IEOs have been preferred as they are much less susceptible to manipulation, they aren’t full-proof either.

Speaking with CoinGeek, the TeqAtlas team explained, “Crypto trading platforms introduced IEO precisely to fill the gaps of ICOs, to provide investor protections and thus lure more investors in. However, we still see unscrupulous activity on those exchanges. Market makers place large fake bids, incentivize holding of assets and unreasonably lock tokens, provide false advertisement. It is hard to tell if the trading volume is true, what sentiment there is on the market. Nonetheless, it is for sure true that IEOs at least try to follow the regulatory framework.”

As CoinGeek revealed recently, most of the funding is for companies in the angel and seed stage. This is an indication that investors are demanding to see clear signs of revenue before making further investments. And according to TeqAtlas, IEOs have played a huge role in restoring investor confidence.

“After the hype period of 2014-2017 when nearly 3/4 of ICOs turned out to be a scam, institutional investors treat startups cautiously. IEOs are actually what help investors take a clearer and more transparent look. Moreover, since the exchanges value reputation, they collaborate with investors for project evaluation and due diligence process. Generally, we see signs of maturity with the help of IEOs.”

Over 800 VC firms have invested in blockchain startups, the report further revealed. The Digital Currency Group is still the outright leader in the number of closed deals in the sector. Fintech startups have been the most attractive to investors, with cyber-security and blockchain infrastructure being the other well-funded sectors.

And while the investment in the industry has reduced significantly, TeqAtlas doesn’t believe the investors are moving out of the industry:

“To sum up, we would not say that investors are moving out of crypto. Due to still present uncertainty caused by the reasons mentioned above, investors simply wait. Having got burned, big-time investors want to see what regulators and commissions will do, will they punish exchanges for what they have already done and shut them or will they find a work-around and come to mutually beneficial terms. Regulators like to take their time though, so we do not expect any sharp changes for the following year.”

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as SegWitCoin BTC coins. Altcoins, which value privacy, anonymity, and distance from government intervention, are referenced as dark 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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Cheddar interviews Dr. Craig Wright on origins of Bitcoin

Confirming he is indeed Satoshi Nakamoto, Dr. Wright said that Bitcoin was never meant to be a store of gold, or a store of value, but instead was …

nChain Chief Scientist Dr. Craig Wright has described how the cryptocurrency was always intended to be a network for micropayments, dismissing those who envisage the blockchain as a store of value.

Dr. Wright made the comments in an interview with CheddarNews, alongside Jimmy Nguyen, founding president of the Bitcoin Association.

Craig Wright defends his claim that he invented bitcoin. #CheddarLivepic.twitter.com/bk4520Fgdx

— Cheddar (@cheddar) August 14, 2019

He suggested that Bitcoin SV is the only cryptocurrency to reflect his true intentions for bitcoin at the time of creation, as a protocol for powering micropayments with the ultimate aim of creating a more effective, commercial Internet.

In the interview, Dr. Craig Wright is challenged on whether he is truly the person behind bitcoin and the original whitepaper.

Confirming he is indeed Satoshi Nakamoto, Dr. Wright said that Bitcoin was never meant to be a store of gold, or a store of value, but instead was always envisaged as a network for micropayments fueling commercial data networks.

“When I invented bitcoin back in 2008, 2009, the whole idea was about micropayments. It’s about a system that enables commercial internet use. It enables you to have rapid, fast settlement, secure systems, many other things — it was never a store of gold,” he said. “The other camp, the cypherpunks and whatever else, they’re the guys who want it to be something else. They want it to be a store of value, they want it to be outside of government – that’s not bitcoin. Bitcoin doesn’t work outside of governments.”

The respected academic and chief scientist at nChain said that despite claims from some in the crypto community who still support SegWitCoin (BTC), it remains far from a usable protocol for payments.

BSV allows microtransactions with the capacity for mass global scale, thanks to the superior technology and scaling capabilities versus other cryptocurrencies. This makes the protocol far more effective for developing and powering apps covering a range of commercial applications.

Increasingly favored by developers, merchants and consumers, BSV is fast becoming the mainstream cryptocurrency of choice, reflecting the true vision expressed in the bitcoin whitepaper.

The interview is the latest high profile media appearance from Dr. Wright, raising awareness of the benefits of BSV. Watch CheddarNews interview with Dr. Craig Wright below.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as SegWitCoin BTC coins. Altcoins, which value privacy, anonymity, and distance from government intervention, are referenced as dark 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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BBC’s English language lesson about cryptocurrency isn’t terrible

However, Bitcoin’s creator Satoshi Nakamoto published the cryptocurrency’s white paper in 2008, thus giving birth to the concept. Either way, I’m …

The BBC is helping non-native English speakers sharpen up their cryptocurrency language skills and knowledge with a 6-minute primer on Bitcoin.

In today’s episode of BBC Learning English hosts Catherine and Sam discuss cryptocurrency, Bitcoin, and Facebook’s controversial digital currency Libra.

If you’re a seasoned Bitcoin boffin, don’t expect to learn anything new. This 6-minute conversation serves as nothing more than an introductory conversation to the topic for non-English speakers to listen to and get to grips with some basic terms.

The episode opens with a basic overview of cryptocurrency, where the word comes from and what it is. And poses a quick question to listeners, “When was Bitcoin created?” Listeners are kept waiting until the end of the show for the answer.

The conversation then turns to Libra. But this is a language lesson about cryptocurrency! I hear you cry.

Don’t worry though, the language hosts make a case of pointing out that Libra is not actually a cryptocurrency. Mostly because it is backed by fiat currencies, an atypical characteristic of cryptocurrencies like Bitcoin.

Back to that question, though. The host says Bitcoin was created in 2009, which depending on your outlook, isn’t necessarily true. Indeed, Bitcoin‘s genesis block was mined in 2009, so on one hand, Bitcoin‘s blockchain began in 2009. However, Bitcoin‘s creator Satoshi Nakamoto published the cryptocurrency‘s white paper in 2008, thus giving birth to the concept.

Either way, I’m probably splitting hairs, this is a quick language course using cryptocurrency as a topic, not a deep dive into the technicalities of Bitcoin.

Some might use this as another example of Bitcoin adoption, and the topic going mainstream.

If it helps some non-native English speakers learn get to grips with the technology it doesn’t matter what it is.

But let’s not forget that universities around the world have been offering educational blockchain courses aimed at creating the next generation of industry experts, for a number of years now.

Published August 15, 2019 — 12:29 UTC

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Bitcoin Association Names Former SBI Group Executive Jerry David Chan as Japan and South …

LONDON, Aug. 15, 2019 /PRNewswire/ — Bitcoin Association has named Jerry David Chan one of its new managers in Asia. Most recently, Jerry …

LONDON, Aug. 15, 2019 /PRNewswire/ — Bitcoin Association has named Jerry David Chan one of its new managers in Asia. Most recently, Jerry spearheaded blockchain strategic initiatives at SBI Group, the financial technology conglomerate in Japan, and served as General Manager and Chief of Digital Asset Solutions. Based in Tokyo, his portfolio covers growth of Bitcoin Satoshi Vision (BSV) throughout Japan and South Korea – two key markets for the Bitcoin industry. Jerry will also devote time to Singapore and Malaysia. His work will highlight the unique capabilities of the Bitcoin SV blockchain to developers, enterprises, miners, venture investors, and Bitcoin users.

Bitcoin Association is the global industry organization for the business of Bitcoin. It supports BSV as the only coin with a blockchain that significantly scales (now), has robust utility (now), and is committed to a set-in-stone protocol for developers to build on. BSV is also the only project that adheres to the original design of Bitcoin creator Satoshi Nakamoto. In short, BSV is Bitcoin.

Much like Bitcoin’s design leverages insight into many disciplines, Jerry brings comprehensive skillsets to the BSV’s ecosystem. Jerry is a 14-year veteran of Wall Street technology; before his tenure at SBI Group, he worked in New York and Tokyo at the technology departments of Goldman Sachs and JPMorgan FICC. Jerry’s experience bridges technology, economics, and how Bitcoin and blockchain innovations can be applied to real world business applications. He is a well-known Bitcoin thought leader, being a frequent and well-respected speaker and writer on Bitcoin and blockchain topics. Jerry is a graduate of the University of Waterloo in Canada, with a degree in Electrical and Computer Engineering.

Jerry’s hire is another step in the global expansion of Bitcoin Association. Last week, the organization named Lise Li (former COO of Rawpool, a Bitcoin mining pool based in China) as its new China Manager.

Jimmy Nguyen, Founding President of Bitcoin Association, commented: “BSV is the ideal blockchain for enterprise applications, and Jerry is the ideal leader for BSV’s business growth in Japan and other key Asian countries. He knows what big corporates need, and can help organizations understand technically how to build BSV blockchain applications to solve those needs. Jerry is one of the most impressive and well-reasoned professionals working in Bitcoin, and enthusiastically supports the Satoshi Vision. I am thrilled to welcome him to the Bitcoin Association family.”

Jerry remarked: “As a long time fintech professional and Bitcoin enthusiast, I have always believed in the Satoshi Vision with its potential applications and exciting new developments that could benefit all aspects of society. After years of being disappointed as Bitcoin failed to scale, I’m excited to see BSV finally fulfil Bitcoin’s destiny to become the global enterprise blockchain. Bitcoin is my passion, and I thank Bitcoin Association for this opportunity to dedicate my full time to support BSV – what Bitcoin was always born to be.”

UPCOMING: COINGEEK SEOUL CONFERENCEOctober 1-2

Come to Seoul, South Korea to learn about “The Power of BSV Scaling” and Bitcoin SV’s massively-scaled blockchain enables businesses to build more powerful applications. Join the top names in Bitcoin at the CoinGeek Seoul conference October 1-2.

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