Roger Seean early bitcoin (BTC) investor and proponent of Bitcoin Cash (BCH), claimed that Ethereum, and not bitcoin, will be responsible for attracting the majority of new users to cryptocurrencies.
In an episode on May 31, podcast Show Me The CryptoVer — labeled “Bitcoin Jesus” for his early advocacy of bitcoin — said that Despite the scaling issues of Ethereum and the other layer one “clones” that have appeared in its wake, the Ethereum ecosystem is still where the action is:
“Although Ethereum does not have the largest market capitalization compared to bitcoin, I believe that Ethereum is the leader in terms of global adoption.”
See praised the rise of Ethereum Virtual Machine (EVM) compatible blockchainsfor its acronym in English) and Layer 2 scaling solutions like Polygon (MATIC), which can help share some of the load outside of the main chain..
Ver recounts the “civil war” that occurred in the early days of bitcoin between Vitalik Buterin, co-founder of Etheruem, and core bitcoin developers.
Disagreements over the use of smart contracts and a lack of acceptance of the idea of blockchains being used purely as currency or stores of value ultimately led Buterin to develop Ethereum.points out See:
“All of that would have been built on top of bitcoin but for the escalating civil war that ensued.. These core bitcoin developers hate Vitalik, and basically kicked him out of the project to go create Ethereum, and more power to him because of it.”
Ver also spoke about the Ledger’s recent debate, calling the controversial Recover service “disappointing”. The service allows users to store their encrypted seed phrase with external custodians to safeguard against loss; Ver said that while it’s okay for people to have custodial accounts and choose to get their keys back if they want, the crypto ethos is centered around being in full control of assets at all times.
In January, see was sued by a business unit of cryptocurrency lending firm Genesis for failing to pay some $20.8 million in unsettled cryptocurrency options.
Ver claimed in a Reddit post in January that he had “sufficient funds” to pay the outstanding sum, but argued that because Genesis was no longer solvent, it was not legally bound to honor its part of the bargain.
— Roger Ver (@rogerkver) January 25, 2023
On the subject of Genesis: see the link.
Last year, Ver made headlines for accusations of non-payment of a debt. CoinFLEX CEO Mark Lamb claimed that Ver owed the firm 47 million USD Coin (USDC) and that he was bound by a written contract. On June 28, Ver denied these claims without directly mentioning the company.
Clarification: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
Investments in crypto assets are not regulated. They may not be suitable for retail investors and the entire amount invested may be lost. The services or products offered are not directed or accessible to investors in Spain.