Despite a public call to return to the Bitcoin community, early Bitcoin investor Roger Ver is sticking with Bitcoin Cash (BCH), arguing that Layer 2 blockchain misses the point.
Blockstream CEO and early Bitcoin developer Adam Back extended the olive branch to Ver after the publication of Ver's book. In “Bitcoin Hijack: The Hidden History of BTC,” Barr argues that the original vision for Bitcoin has been undermined.talked to va Decryption On the current state of Bitcoin Cash and his reaction to returning – and he has no intention of returning.
“Software development was captured by a small group of insiders who completely reversed the original design,” he said. Decryption.
The Layer 2 debate embodies the philosophical divide between BTC and BCH. While Bitcoiners believe that L2 solutions will help the chain scale up, BCH enthusiasts believe that these so-called solutions are a centralized solution to a problem that can be better solved by incorporating larger blocks into the original network. I believe this is the solution. On the other hand, larger blocks are disliked by small miners because they require more power and lead to profits for companies in this field.
Meanwhile, both claim to support Bitcoin's original vision as set forth by pseudonymous creator Satoshi Nakamoto.
In his invitation, Beck urged Ver to give L2 a chance. Va remained skeptical.
“Either these 'second tiers' are centralized systems or they don't work reliably,” Ver said. Decryption“This is especially true for Adam Back's Liquid Network, where his company takes a commission on every transaction.”
Despite the evolution of the cryptocurrency market since the Bitcoin Cash fork in 2017, Barr insists that “BCH remains the most faithful expression of Satoshi’s vision.”
Beyond the financial aspect, Roger Ver seems to consider himself orthodox when it comes to following Satoshi's guidelines. This also applies to the people behind Bitcoin His Satoshis His Vision (BSV), his BCH fork promoted by Craig Wright. Also They claim they are the only ones following Nakamoto's original plan.
While the rivalry is perhaps less important today than it was in 2017, maxis within each camp still seem to feel that the differences are too great to reach common ground. Decryption Roger Ver asked if there was any possibility of the two communities working together in the future, appearing to advocate letting the market decide.
“My hope is that once people wake up and realize that the development of BTC has been captured and that the second layer has failed to extend Bitcoin, my hope is that people will realize that BCH is a good alternative and that “We want people to realize that it's technologically superior and that it's possible to go digital. You can have gold and digital cash at the same time,” Barr said.
What aspects of Bitcoin were compromised? “I explain it in detail in the book,” he replied.
Ver is perhaps the most prominent leading voice in the BCH community, but when asked about the future roadmap for the token, he emphasized the decentralized nature of the network and community.
“Bitcoin Cash doesn't have a CEO,” he said. Decryption. “I don't think this question is very relevant to me.”
Edited by Ryan Ozawa.
