Roger Ver Highlights The Liberating Power Of Digital Currencies
In the recent Coinsbank Blockchain Cruise Roger Ver, the CEO of Bitcoin.com gave his perspective on Bitcoin [BTC], market adoption and Bitcoin Cash [BCH].
Ver began by declaring that one of the most important reasons why he got into cryptocurrencies was because of his influence from science fiction stories and how it could be achieved using cryptocurrencies. According to him, cryptocurrencies permits the marriage of computer science engineering and economics, a prospect very dear to him. He went on to speak about the advantages that large countries can enjoy using digital assets.
The praise for digital assets didn’t stop there. The CEO illustrated the ways how cryptocurrencies can fix the state of society. Digital assets can result in higher per capita income, increased life expectancy, higher literacy rate, and reduced corruption rates and bribery. He urged the audience to focus on how the quality of administration increases when a peer to peer network comes into play. Besides, he added that digital asset adoption can improve a country’s economic system.
He then spoke about how economic freedom of countries plays a big role in adoption and the quality of life. He asserted that countries like Hong Kong, Singapore, and New Zealand enjoyed high levels of financial freedom, which in turn also results in cryptocurrency adoption. The CEO of Bitcoin.com also gave a brief as to why Bitcoin was popular in 2011 and the stark differences the cryptocurrency suffered in 2018. There is a reason why other coins are doing well, it is because Bitcoin lost its way and coins like Litecoin [LTC] have become so popular.
Not to anyone’s surprise, he closed his presentation at the conference by pointing out some advantages that Bitcoin Cash had that would endear it to users. According to Ver, BCH makes it easier to start a business and enables people to enforce property rights.