OpenNode Lightning Network Firm Rejects $1.25 Million Offer By Roger Ver To Build On BCH Vs BTC

    OpenNode Rejects $1.25 Million Offer By Roger Ver To Build On BCH Instead Of BTC

    A software engineer working with Opennode has recently claimed that Roger Ver had offered the company $1.24 million to switch their service to bitcoin cash but the company has openly rejected the offer.

    Rui Gomes, a developer with the Lightning Network called BCH ‘inferior money,' and implicitly likened the offer of investment to a buy-out attempt. While Open Node may not be swayed, Roger Ver has now essentially set up an opposition between BCH's model for scaling and the Lightning Network. This likely will not be the last we hear of the back-and-forth between the two crypto camps.

    Ver sat down for an interview on In that, he reveals the offer which is actually addressed to Tim Draper, U.S. based venture capitalist and Bitcoin supporter, who recently invested $1.25 million USD in the same mentioned payment processor startup – OpenNode.

    He said:

    “So Tim Draper, I’ll match your investment in OpenNode, don’t have to give me any equity whatsoever. You just have to start building on the cryptocurrency that actually has the ability to become money for the world in a reasonable number of decades rather than waiting to a century plus.”

    Ver expressed that Bitcoin (BTC) can not become money for the world in a reasonable amount of time with a blocksize limited to a 1 MB with 4 MB blockweight. This being said, Roger asked to build the platform on Bitcoin Cash rather that Bitcoin to get the $1 million USD donation.

    Many Bitcoin payment processors have emerged that enable merchants and businesses to accept payments in BTC. Most of them are cheaper and faster than traditional payments, but none provide instant transaction confirmation with near-zero fees. That is precisely what OpenNode has been able to achieve.

    The company aims to accelerate bitcoin adoption among interested parties thus allowing them to experience the power and speed of the Lightning Network. It envisions a healthy network using bitcoin that can demonstrate transparency, security, and speed in a bid to become a global Bitcoin payment processing service provider.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Bitcoin Exchange Guide News Team
    B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


    Please enter your comment!
    Please enter your name here


    Live Bitcoin Price & Latest BTC Chart News

    Today's Latest Crypto News

    APRA Proposes Regulatory Framework For Facebook Led Calibra And Libra To Senate

    One of Australia’s financial watchdog agencies, the Australian Prudential Regulation Authority (APRA), could soon regulate stablecoin projects such as the controversial Facebook’s led Libra...

    Despite Swiss Regulators Saying Libra ‘Has Failed' They Might Still Be Open To Its Launch

    The Swiss government is spooked by concerns on the sustainability of FaceBook's Libra as a global currency. This adds to regulatory concerns raised by...

    Ripple, Coinbase Invested Bitso Is Hiring A Country Manager For Its Brazil Expansion

    The Mexican crypto exchange is hiring for its expansion into the Brazilian market The new position has to “create, iterate and scale crypto-powered...

    Reserve Bank of India: Crypto's Not Banned, But Ringfenced Regulated Entities Due to Risks

    In response to a petition filed by the IAMAI over RBI’s decision to not allow regulated entities like banks to deal in cryptos,...

    Crypto Bulls Definitely on Parade, Bitcoin Is Attracting ‘Very Substantial Buying Power'

    After 2019’s choppy recovery, the crypto market is now “launching what could be a far more sustainable bull market” Mid-cap cryptos showing more...

    Ripple Price Analysis: Can XRP/USD Buyers Keep The Uptrend Going?

    Ripple price is trading nicely above the $0.2300 and $0.2335 support levels. XRP to USD is likely to surge again if it clears the...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.