In a recent episode of the Blockspeak podcast with Monty Munford, Roger Ver and the Forbes journalist talked about various things, including why Bitcoin Cash is better than Bitcoin.
Roger Ver is a Bitcoin Cash supporter and the Executive Chairman of Bitcoin.com. Apart from the boring introduction and “why Roger Ver is called the Bitcoin Jesus or Judas”, Roger was asked about his views on Bitcoin. Ver told Monty:
“If you look at the things that made Bitcoin popular – it was super fast, super cheap, super reliable and what people thought were anonymous payments. Today Bitcoin Cash has all those characteristics, but it doesn’t have the name Bitcoin anymore”.
The Bitcoin Judas went on to explain how the original features of Bitcoin are now within Bitcoin Cash and the original cryptocurrency Bitcoin has now become slow, the transactions are expensive, they are not reliable and the transactions are not anonymous either.
According to Roger, the only difference between Bitcoin and Bitcoin Cash is that the new forked version is fast, super cheap, and it doesn’t come with a price tag of $10k.
“At some point the coins that have the good user experience being fast, cheap reliable and private payments. They are gonna get more and more traction.”
Bitcoin Cash is progressing at a faster pace
During 2011, Ver bought $25,000 worth of bitcoin when the price per BTC was approximately $1. As he now refers to Bitcoin Cash as the original Bitcoin, the peer-to-peer electronic cash system has come a long way since then and many enthusiasts have appreciated the project’s accomplishments, Ver also talked about recent interesting developments on Bitcoin Cash.
“Tether just launched on top of Bitcoin Cash yesterday. That means it now works with 12 Million Bitcoin.com wallets, that’s really gonna be a big turning point for Bitcoin Cash”.
USDT has a capitalization of over $9.9 billion, with the majority of tokens running on Ethereum. Additional cryptocurrency chains supported by Tether include Algorand, EOS, Liquid Network, Omni and most notably Tron.
Bitcoin Cash now has also Schnorr signature capabilities, a 32MB block capacity, faster re-spending of unconfirmed transactions, re-enabled old Satoshi opcodes, and more.