Roger Ver Bashes Lightning Network Technology, Says Custodial Non-Wallets Are Used
Roger Ver Bashes Lightning Network Technology, Says Custodial Non-wallets Are Used
The Bitcoin Cash (BCH) community's resentment towards the speed and scalability solution of Bitcoin, the Lightning Network is no news as many well known Bitcoin Cash supporters have criticized the tech in the past.
The CEO of Bitcoin.com, Roger ‘Bitcoin Jesus' Ver, has in the past, always voiced his dissent with the BTC community and the “second layer” payment protocol that operates on top of the bitcoin blockchain.
‘Bitcoin Jesus's View The Lightning Network
On Twitter recently, Roger Ver, tagging BTC supporters Max Keiser and Dr. Peter McCormack, tweeted :
“The #LightningNetwork requires trust for 99.99% of users because they are using custodial non-wallets similar to PayPal. @PeterMcCormack @maxkeiser”
This tweet caused a lot of uproar in the Bitcoin community on Twitter, with some saying that it's a “blatant lie” and some concluding that Roger Ver is “misinformed” on what takes place on the Lightning Network.
The prominent Podcaster, Peter McCormack, in response to this,defended the ‘King Coin' by saying:
“BCash requires trust for 99.99% of users because they are using a centralized shitcoin.”
Growth And Future Of The Lightning Network
Notably, this arguments are coming at a time when the Lightning Network technology is growing in popularity and adoption even among small scale crypto platforms.
Although the Lightning Network technology is still somewhat nascent, it is an important factor in the future scalability of the Bitcoin network.