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Bitrefill CCO: "If You Love Bitcoin, You Don't Use Coinbase", References The Exchange Only Being Louder
Bitrefill’s John Carvalho Says “Coinbase Is Against What Bitcoin Stands For”
Ever since the emergence of the crypto-market at the turn of the decade, backers of Bitcoin have claimed the currency to be an all-encompassing digital offering that can not only be used as an efficient store of value, but also as an excellent medium of exchange. Not only that, some of the hardcore proponents of the flagship crypto coin have gone on to brand all of the other alt-assets in the market as “sh*tcoins.”
John Carvalho is one such person, who has time and again spoken out against other crypto offerings. He is better known in the crypto world as “BitcoinErrorLog” as well as the COO of BitRefill.
Carvalho Goes At Coinbase
As many of our regular readers may remember, the folks over at Coinbase recently issued a tweet informing their customers that they could now “directly swap Bitcoin for a host of different alt-assets”.
Some of the digital coins on the company’s conversion list include:
- Ethereum [ETH]
- Ethereum Classic [ETC]
- Litecoin [LTC]
- Ox [ZRX]
- Bitcoin Cash [BCH].
The exact wordings of the tweet were as follows:
“Did you know you can directly convert Bitcoin to another crypto on Coinbase? Conversions are available between Bitcoin (BTC) and Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Ox (ZRX), or Bitcoin Cash (BCH).”
However, as soon as the crypto-exchange had published the above mentioned tweet, Carvalho took to the internet to post the following message:
“If you love Bitcoin, you don’t use Coinbase.”
As can be seen from Carvalho’s response, he is quite obviously not happy about Coinabse’s latest decision to make conversions so easy for the masses— since they allow them to take their funds out of Bitcoin and put them into other digital coins. However, that wasn't enough since Carvalho then went on to have a back-and-forth with a social media user who stated that Coinbase had always been a friend of BTC:
“Fu*k Coinbase. They aren’t any easier than other exchanges, they are just louder… And more evil.”
In addition to this, when Carvalho was accused of having an obvious bias towards Bitcoin, he said that there were many obvious “technical reasons” as to why he was such a big fan of the world's largest cryptocurrency.
More On The Matter
At this point in the article it is worth remembering that not a long time ago, Carvalho raised a few eyebrows within the global crypto community by agreeing with Luke Dashjr’s proposal to push the block size of BTC to 300KB (based upon Dashjr’s analysis of LN’s speed).
In regards to the matter, many proponents of the premier currency were unhappy with this decision and took to various social media platforms to express their discontent (primarily against Dashjr and Carvalho in respect to the above-mentioned proposition).
On the subject, Cobra, the co-owner of Bitcoin.org and Bitcointalk.org, was quoted as saying:
“This will split off from the established consensus, cause massive drama, and damage trust in Bitcoin.”
In closing out this piece, we should also point out that Bitcoin.com CEO, Roger Ver too is of the opinion that if Carvalho and Dashjr’s proposal was to materialize, “he would sell all of his current BTC holdings”.
As per a video posted on Ver’s official YouTube channel, he went on the state:
“I really really hope that Luke Jr. and all these other guys lower the BTC block size to 300 kilobytes— because if they do, I will sell even more of my BTC. A lot more. Maybe, I would even sell all of it at that point. Absolute Insanity.”
Bitrefill Reminds Crypto Users Can Pay for Premium Subscriptions like Tinder for Valentine's Day
Bitrefill is a cryptocurrency payment platform that has recently been touting its cryptocurrency bridge to one of the highest grossing mobile applications ever developed—Tinder. The platform makes it possible for crypto fans to purchase Apple iTunes or Google Play gift cards through the use of Dogecoin, Bitcoin, Dash, Litecoin, and Ethereum.
Once purchased, one can then apply for these gift cards when making a subscription on Tinder as well as hundreds of other mobile-based applications already in the market. Tinder, in addition to providing a free subscription service also happens to have a premium version that is commonly known as Tinder Gold and Tinder Plus.
This is in addition to many other features that have been added in order to make it easier for its users to understand the dating environment. Users who have subscribed to its premium service are in a position to change their geolocation and increase the number of likes and swipes that are available to them.
Changing the geographical browsing locations means that a user is able to check out profiles of other lonely souls that may be located in other parts of the world. Tinder Gold members, for instance, are in a position to view the profiles of the people who have come across their profiles and liked them. They can also check out the selection of the hot Daily picks available on the platform.
Vitalik Buterin, one of the co-founders of Ethereum got a lot of praise from his fans when he stated that cards were like a smarter version of adopting cryptocurrency. He went on to state that by providing users with an avenue to purchase small amounts of cryptocurrency for their daily needs, it would become easier for the populace to finally adopt cryptocurrency.
At the peak of cryptocurrency in January last year, Tinder and crypto turned out to be a very good combination. It was a combination that was seen to be highly appealing to people who were not married, were young, and would easily move from one place to another.
Rachel Thompon, a regular Tinder user recently reported in a Mashable report that she had actually used a cryptocurrency related line to pick up a guy from the platform. She goes on to state that she was not sure the line would work at first, but was surprised when the guy replied to her pick-up line using a cryptocurrency phrase.
The fact that Bitcoin prices have recently fallen from their all-time high of twenty thousand dollars to trade at three thousand dollars means that many people may not find the crypto jokes to be too funny at the moment. The same applies to Monero which has fallen from over four hundred dollars to trade at fifty dollars. However, many people believe that it is only a matter of time before they start rising once again.
Therefore, what cryptocurrency enthusiasts and holders need to do at the moment is just wait until the market makes its next comeback.
New Bitrefill Thor Service Aims to Simplify Bitcoin (BTC) Lightning Network Payments
Bitrefill is now offering a new way to mitigate Bitcoin’s expensive learning curve for users. During a conversation with CoinDesk, Bitrefill’s Thor service allows people to give lightning channels without the recipient having to set up anything.
The Lightning Network (LN) is an off-chain scaling solution proposed for Bitcoin (BTC) in order for its network to be less congested.
Bitrefill’s John Carvalho commented:
“Thor allows people to connect to the lightning network whether they have bitcoin or not. All you have to do is download one of the supported wallet apps, install it, and then either you or a friend can come to Bitrefill and purchase a channel opening.”
When a channel is set up between two parties, they have to deposit enough Bitcoin to keep it open. However, they would only be able to transact the funds that they’ve deposited in that channel.
WIth Thor it is possible for users to set up a channel between two parties, deposit funds and Bitrefill will maintain it active for 30 days. The main intention behind this project is to allow everyone to run a lightning network. At the moment, the network needs to be developed even further to offer user-friendly services. With Thor, the LN will be available for more individuals and companies.
According to 1ML.com, Bitrefill is one of the most important organizations in the Lightning Network, that continues to grow surpassing a capacity of $2 million. In 2019, the network is expected to keep growing, as it did during 2018, even during a bear market like the one experienced by Bitcoin and other digital assets.
Although the network is not yet prepared for high volume and mainstream usage, there are several companies such as Bitrefill that are working on top of it and already offering services. As Carvalho says, the more these services work and are tested, the more this network will be used by people to perform transactions.
At the time of writing, there are 5,268 nodes and 19,206 channels. The network has a capacity of 567.18 BTC.
Bitrefill Integrates Bitcoin's Lightning Network For Crypto Payment Vouchers
Bitrefill recently announced that it would offer Amazon gift vouchers, effectively helping to open up lightning network transaction to nearly any item. This startup is known for its revolutionary products, which includes the ability to purchase mobile phone top-ups in over one hundred nations across the world. Their new support for gift vouchers from leading brands is a welcome innovation.
Lightning Network Now Comes to Uber, Amazon, And Many More
According to a recent press release, Bitrefill noted that it was always part of its business development plans to offer these vouchers. The company was also among the first crypto businesses to start integrating with the Lightning Network infrastructure. The CEO of Bitrefill stated that merchants have been complaining about the intensive involvement of regular payment processors for bitcoin transactions. He added that the new vouchers would help merchants since Bitrefill would handle the entire user experience supply chain, to the immense benefit of both clients and merchants.
The initial rollout of Bitrefill gift cards targets the major companies, including Amazon US, Hotels.com, Uber, Google Play Store and many others. There are plans to add more companies as clients get to learn and use these gift cards. The Bitrefill vouchers will support payments in several cryptocurrencies including Bitcoin, Ethereum, Dash, Dogecoin, and Litecoin.
Hope for the Lightning Network?
This move was planned in January 2018 after Steam, where Bitrefill offers vouchers, declared that it would halt its support for direct payments in Bitcoin. The Lightning network, which is used by Litecoin and Bitcoin, enables users to make transactions almost instantaneously with nearly no costs. However, the success rates for transactions that are higher than five cents are quite low, hence limiting its integration across many cryptocurrencies.
Kotliar remains bullish about the future of Lighting technology. He believes that the Lighting network could help to future-proof Bitcoin as it will enable users to conduct highly efficient and low-cost transactions.
Bitrefill is striving for a future where people can comfortably live on cryptocurrencies without experiencing a lot of inconveniences. The company has already set up an alert system that will notify them when a business stops accepting direct Bitcoin transactions to ensure clients are not stopping the use of cryptocurrencies like Bitcoin. The plan is to add such companies to its list of potential voucher clients as a way of growing its business and driving bitcoin use forward.