Bitcoin Cash Backer Roger Ver Criticizes the Block Size Limit of BTC Once Again
Roger Ver, the renowned crypto advocate, who is known for being quite outspoken, today took shots at BTC. This time, he was criticizing the block limits of cryptocurrency by market cap. Since its inception, Ver has argued against limitations being placed on crypto block sizes.
Initially, Ver was part of BTC. Thus, he has earned the name Bitcoin Jesus from the crypto community. He had always called for the increase in BTC block size limits. According to Ver, this was a major hurdle to crypto scalability. After arguing for these issues for some years, Ver finally split from BTC to create Bitcoin Cash. BCH would later split into leading to the creation of BTCSV and BTCABC, which continues to trade as BCH.
The Attack on Block Size Limits
The attack of Roger Ver on BTC and crypto coins with block size limits is a continuation of his views on the future of crypto. He has always argued that these block size limits have led to network congestion. As a result, this has led to slow transaction times as well as higher costs that should be the case. As a result, this has hindered the mass adoption of crypto by various players in the commercial world. He estimates that this might be keeping the BTC out of a market worth a billion dollars at the least. He also argues that SegWit, which is BTC’s solution to the issues of scalability and congestion, does not really address the core issue.
Growing User Base
Ver has argued that in future, the connectivity of the BTC network and the user base will grow. As a result, the traffic will increase on each crypto network. Thus, it is important for crypto to be as scalable as possible by easing block size limits. With no scalability, crypto will have a hard time processing transactions fast. Ver argues that the only way to ensure scalability is to grow the block sizes.
He claims that if crypto is not scalable, it will have a hard time processing transactions fast. Ver has also said that block size limits place extra pressure on miners of the network. Today, the BCH network, which is led by Ver, has a block limit of 32 MB. This is much more than other crypto coins such as BTC have.
Reaction to the Tweet
Reaction to Ver’s tweet came in hard and fast. While some attacked him for being the number one enemy of BTC, others have questions for him. Others have accused him of subversion after his request to increase BTC block sizes was turned down.
Furthermore, others have accused Ver of pushing even more people out of crypto with his constant conflict. For instance, the emergence of new terms such as BCH ABC and BCHSV may have caused some to develop cold feet. Unsure of the future of crypto, they may have taken their money elsewhere. Despite his criticism, Ver has been told that BTC fees are at their lowest and the BTC is performing much better than BCH.
The block size limit will go down in history as one of the worst things to ever happen to Bitcoin.
— Roger Ver (@rogerkver) February 4, 2019