During an interview with Omar, a well-known YouTuber in the cryptocurrency space, Roger Ver, the Bitcoin Jesus and CEO of Bitcoin.com spoke about Bitcoin [BCT] as a store of value and the BTC community.
Roger Ver said that Bitcoin Cash [BCH] gives users 100% control over their money and they don’t need to get permission for anybody for anything. He said that Bitcoin is a store of value but it doesn’t have the ability to liberate people economically around the world especially with the high fees.
He said:
“Anybody that’s not a fan of Bitcoin Cash [BCH], I invite you to read the original Bitcoin [BTC] white paper that defines what Bitcoin is. It says it is a peer-to-peer electronic cash system and if you read it very very clearly that it is much more closely describing Bitcoin Cash. It is not describing BTC.”
Roger wished BTC people all the luck in the world. He thinks it is very disingenuous of the BTC people for wanting to use the Bitcoin name while hiding and despising the Bitcoin whitepaper. He adds that the BTC community has ‘hijacked’ the Bitcoin project and stolen the Bitcoin name.
He was later asked whether Bitcoin would be used as cash if the lightning network or some other technology makes it more feasible to be used. To which, Ver said that Bitcoin has to have a secondary use case first and by having the secondary use case first, it can be used as a store of value.
The CEO of Bitcoin.com gives the following example:
“In prison, the most common form of money is tobacco and the reason why tobacco is used as money is because it has this other use case, you can smoke it and the fact that you can smoke it is the reason people start to use it as money.”
Furthermore, he states that the reason why Bitcoin [BTC] is used as store value is because people like him, Ross Ulbricht of Silk Road and all the people around the world who started to use it in commerce to buy and sell. Since it can be used as a means to buy and sell and because of that people started to use it store of value.
Roger said:
“Because it had this magical property that you could teleport it in the world instantly and at that time people believed that it was anonymous as well, something that Bitcoin needs to have or digital currencies need to have, it needs to be fungible and fungibility is just a name for privacy or anonymity. I mean it needs to have these characteristics”
According to him, Bitcoin cannot go from being a store of value to a currency. Bitcoin has to be used for payments first and because of which, it becomes a store of value later.
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Source: AMBcrypto
Original Post: BTC community has ‘hijacked’ the Bitcoin project and stolen the Bitcoin name, says Roger Ver
