Roger Ver, a Investor of Bitcoin Cash BCH and an early Bitcoin investment, asserted that Ethereum, will be the main attraction for new users to cryptocurrency, not Bitcoin,
Despite Ethereum’s scaling troubles and the numerous layer-one “clones” that have emerged in its aftermath, Ver, known as “Bitcoin Jesus” for his early support of Bitcoin, claimed on a May 31 episode of the Show Me The Crypto podcast that the Ethereum ecosystem is still where the action is:
Roger Ver said:
“Even though Ethereum doesn’t have the biggest market cap compared to Bitcoin, I think Ethereum is the front-runner in terms of driving worldwide adoption.”
Ver welcomed the emergence of blockchains that are compatible with the Ethereum Virtual Machine (EVM) and layer-2 scaling solutions like Polygon MATIC that can assist divert part of the burden from the main chain.
The “civil war” between Vitalik Buterin, the co-founder of Etheruem, and the Bitcoin core developers that took place in the early days of Bitcoin is described by Ver
Buterin created Ethereum as a result of disagreements over the usage of smart contracts and a shift away from the notion that blockchains should only be used as stores of value or money, according to Ver: “All of that would have been built on top of Bitcoin if it weren’t for the scaling civil war that ensued. More power to him for that. These Bitcoin core developers despise Vitalik, and they essentially forced him away from the project so he could start Ethereum.
Ver discussed the recent Ledger controversy and referred to the contentious Recover service as “disappointing.” While it’s acceptable for consumers to have custodial accounts and decide to retrieve their keys if they so desire, he claimed that the spirit of cryptocurrency is focused on having complete control over your assets. At all times
Ver was sued in January for failing to pay $20.8 million in unpaid cryptocurrency options by a trading division of the cryptocurrency lending company Genesis.
In a Reddit post from January, Ver asserted that he had “sufficient funds” to cover the debt and contended that since Genesis was no longer in business, he was not obligated by law to fulfill his end of the bargain.
Ver garnered media attention last year on claims that he had neglected to pay a loan. Mark Lamb, CEO of CoinFLEX, asserted that Ver was obligated by a written contract and owed the company $47 million USD Coin. On June 28, Ver refuted these allegations without addressing the organization specifically