Bitcoin vs Bitcoin Cash. The debate started in 2017 when the most famous hard fork of Bitcoin took place. Roger Ver, one of the first Bitcoin enthusiasts and CEO of Bitcoin.com, has been a great supporter of Bitcoin Cash ever since.
In fact, like many BCH supporters, he claims that the real Bitcoin is BCH, not BTC.
In a recent tweet, he said: “High fees and full blocks disenfranchise those who need Bitcoin most. BCH is peer to peer electronic cash for the world. BTC is not”.
It’s no coincidence that he used the very definition “peer to peer electronic cash” on the tenth anniversary of the publication of Satoshi Nakamoto’s original whitepaper. In fact, in that whitepaper, Satoshi called Bitcoin “A Peer-to-Peer Electronic Cash System”.
Many BCH supporters such as Ver claim that Bitcoin has lost its original nature as transactional money and “electronic cash”. While Bitcoin Cash instead, would be for them the true heir of that idea.
Ver’s tweet is part of a debate launched by Jesse Powell, CEO of Kraken, who in another tweet (quoted by Ver) says: “The problem with gatekeeping/censorship on payments is that in this country money = speech, and there is no public rail of last resort for the disenfranchised. To have a decent life/business, you need access to digital payments which run on private rails. All except for #bitcoin”.
Ver argues that these “private rails” that guarantee the incensurability of payments cannot be those of BTC, but are actually those of BCH because they can actually be used as a method of payment.
Obviously, the debate has continued with comments from users, who are often not at all kind to this stance against BTC. There are also those who compared BCH’s whitepaper to toilet paper.
Frankly, after the recent significant drop in volatility and with future Lightning Network applications, BTC increasingly resembles a means of payment, although Ver has often called himself opposed to this thesis.