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Saturday 6 January 2018

Bitcoin.com, Bitcoin Cash, Rogers Double Edged Sword

Roger Ver is definitely no longer Bitcoin Jesus "Insider trading is a non-crime" killed that. However I don't think that he's the super villain that r/bitcoin people would have you believe. He's kind of half way between, or maybe just a normal guy with slightly different ideas. Bitcoin cash is not all of our idealised form of bitcoin, but it does address the rising transaction costs on the bitcoin network. This problem, though put simply is just caused by over demand for bitcoin, does still need to be fixed and quickly would be good. It is an important issue for crypto currency as a whole. Bitcoin is mastering the store of value stage and entering the medium of exchange stage. The whole thing has now become so massive now and moves more slowly, characters are larger than life, it brings on ideas from a pod cast I've been listening to about the early roman empire. There is a sence of certainty around the crypto empire despite its division. Is Roger Ver the Romulous to bitcoin cores Numa?

Bitcoin Cash (BCH) though originally thought of as a violent attack to bitcoin, is now becoming  kind of commercial arm. The web site promotes easy cheap transactions stored on a blockchain for everyone. It has a charismatic, handsome anarchist leader who normally keeps his cool and with billions of dollars in cryto behind him and an aversion to state.
 
Bitcoin Core (BTC) has settled into the careful and calculated approach. Thousands of independent developers pine over everything and the code moves very slowly. There is no leader and there is no clear agenda apart from decentralisation. The slow disorganised swarm of certainty and higher morals.

Because of the decentralised ideology there is no central media repository for the original bitcoin. This is a hard ste for the general public to take. Bitcoin.org a volunteer web site may be the closest thing, though it only lists a few news outlets (notably missing bitcoin.com) and even to state that it is the place to go is a kind of decentralist blasphemy.

Bitcoin.com even though it is owned by Roger provides a platform has been a long time mainstay of bitcoin (since the days of satoshi) and is now building a bridge between the two bitcoin forks. Due to the circumstances the site has to retained the concepts of both coins and offer simple explanations to the public in accessible way. It is a view that also provides information on alternative crypto currencies. Just recently it was one of their articles that let me know that the price of doge had reached one cent. whilst it still provides a healthy level of scepticism, Dogeillionares and not quite bitcoin maximalists can appreciate this. It is also good mind food for nubies.

Together attacks to bitcoin and crypto currency are much more easily deflected or infiltrated. Thought they are not allies, and admittedly I sold most of my bitcoin cash early on, I am impressed by the success of bitcoin cash. I wonder how old bankers will counter this new sword and the shield combo. Roger Ver is a force to be reckoned with, people should know this name and I think on the whole he is doing a lot of good.

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