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Cryptocurrency News Articles

Roger Ver Rejects Layer-2 Solutions, Remains Committed to Bitcoin Cash

Mar 26, 2024 at 12:19 am

Roger Ver Rejects Layer-2 Solutions, Remains Committed to Bitcoin Cash

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The Ongoing Bitcoin Saga: Roger Ver Sticks with BCH, Rejects Layer-2 Solutions

Despite an invitation from Blockstream CEO Adam Back to return to the Bitcoin community, early Bitcoin investor Roger Ver remains steadfast in his support for Bitcoin Cash (BCH). Ver vehemently opposes layer-2 blockchains, claiming they deviate from the original vision of Bitcoin.

Why Layer-2 Blockchains Are a No-Go for Ver

The layer-2 debate exposes a fundamental philosophical divide between BTC and BCH proponents. Bitcoiners advocate for L2 solutions to enhance scalability, while BCH enthusiasts view them as centralized fixes that undermine the original network design.

Satoshi's Vision: A Contested Legacy

Both sides profess adherence to the original vision of Bitcoin, as outlined by its pseudonymous creator, Satoshi Nakamoto. However, Ver's skepticism of L2s stems from his belief that they compromise this vision.

Liquid Network: A Centralized Alternative?

Ver specifically criticizes Back's Liquid Network, alleging that Blockstream profits from transaction fees. He contends that such solutions undermine the decentralized nature of Bitcoin.

BCH: The True Successor to Bitcoin?

Despite the evolution of the cryptocurrency market since the 2017 Bitcoin Cash fork, Ver maintains that BCH remains the closest embodiment of Satoshi's vision.

Beyond Monetary Value: Ver's Orthodox Approach

Roger Ver's unwavering support for BCH extends beyond its monetary value. He sees it as a testament to his adherence to Satoshi's guidelines, similar to proponents of Bitcoin Satoshi's Vision (BSV).

Rivalries and the Path Forward

While rivalries have diminished since 2017, significant differences remain between BTC and BCH communities. Ver believes the market will ultimately determine which approach prevails.

The Future of BCH: Decentralized and Community-Driven

Ver emphasizes the decentralized nature of Bitcoin Cash, downplaying his own role in its development. He believes the community will guide its future direction.

Conclusion

Roger Ver's unwavering commitment to Bitcoin Cash underscores the ongoing debate within the cryptocurrency community. The question of which approach best embodies Satoshi's vision remains unanswered, with the market poised to determine the ultimate outcome.

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