BCH’s Roger Ver Vs LTC’s Charlie Lee Debate About Bitcoin’s Lightning Network and Future Bet
Roger Ver Vs Charlie Lee Debate About the Lightning Network (Amongst Other Things)
Bitcoin.com recently organized a long-awaited debate between controversial Bitcoin evangelist Roger Ver and the founder of Litecoin, Charlie Lee wherein the two giants discussed their thoughts and ideas regarding the “Lightning Network” amongst many other issues related to the world of crypto. The discussion also looked at the BCH vs LN debate with both Ver and Lee putting forth some interesting points from two different perspectives— with Lee playing the role of the seasoned crypto engineer and Ver acting as the impassioned crypto marketer.
Roger Ver Clearly Has Issues With the Lightning Network
From the very start of the conversation it becomes quite apparent that Ver is not impressed with the future potential of Bitcoin Lightning payments. Ver repeatedly interrupted Lee when he was talking on the aforementioned subject and asked him questions like, “How many shops are currently accepting Bitcoin Lightning Payments?” in an attempt to discredit Lee’s claims of the LN network being the future of digital transactions.
However, a simple search online shows that there are currently more than 12 merchants on BTCPay that are offering BTC Lightning Payments as we speak.
Other than that, Ver also made a bold assertion when he claimed that the Lightning Network “encourages censorship” by allowing nodes to “exclude” other member nodes by refusing to connect with them. This point was then swiftly debunked by Lee after he pointed to certain technicalities as to why what Ver was claiming was not actually possible.
“BTC is no longer a viable P2P electronic cash system”, Says Ver
Another point that Ver repeatedly tried to argue is how Bitcoin is not a viable digital currency since it cannot be used to buy, something like say a ‘cup of coffee’. In Bitcoin’s defense, Lee stated that via the use of the “Lightning Network” such transactions can not only be achieved but will most likely become the norm moving forward (primarily through the implementation of second-layer protocols).
Ver then went on to say that BTC’s transfer fees are quite hefty, to which Lee promptly replied “ You think 47 cents to facilitate an otherwise arduous transaction is too much?”
Final Take on the Debate
Whatever your personal opinions about Ver or Lee may be, this discussion had some good moments (regardless of whose side you’re on). If you really want to learn more about Roger and Charlie’s stance on the future of Bitcoin and the Lightning Network, it is best you watch the entire 12 minute clip on Youtube for yourself rather than read the opinions of biased internet trolls on twitter.