Market Overview

Roger Ver and Jimmy Song to Hash Out Their 'Bitcoin' Differences on CoinsBank Blockchain Cruise


Well-known leaders in the blockchain world are coming together to hash
out their differences. Roger Ver, Bitcoin Cash evangelist, and the
well-known Bitcoin writer Jimmy Song of ‘OffChain' have held a series of
public debates about Bitcoin Cash earlier this year. They will reprise
the debate at Coinsbank's
third Blockchain Cruise on the Mediterranean,
September 7-11. announced in a recent tweet that Song and Ver will come
together to discuss Bitcoin Cash, a hard fork of Bitcoin. The name has
inspired hope, fear, and criticism alike with its dramatic rises and
falls in profitability in the last year.

But we've seen the same with Bitcoin in the past - so what's the
difference? The biggest problems within blockchain transactions is that
they're slow. In contrast, Visa reportedly processes about 1667
transactions per second, and is capable of even more. How many
blockchain transactions take place per second? Seven.

Bitcoin Cash was created to address problem of scalability and speed up
verification process on blockchain. It increased block size of 32MB,
with an adjustable level of difficulty, without regard to the number of
miners supporting it.

Jimmy Song interviewed Ver in a YouTube livestream about scaling
Bitcoin. Ver maintains that the decentralization of a developmental team
actually makes Bitcoin Cash more secure by removing the power from a
central authority. He holds the opinion that Bitcoin's increasing
transaction costs will make the currency obsolete. Last June, he tweeted
saying "If you think BTC with its full block, high fee policy will be
able to maintain market share, you are mistaken. It won't and it's time
to move on to other things."

Song believes that the changes that need to be seen can be made within
Bitcoin. He stated in a Medium article published before Bitcoin Cash's
release on August 1st, 2017 that Bitcoin Cash raises more
questions than answers, and "One thing is for certain: if you want to
maximize your holdings, it's in your best interest to get your Bitcoin
off third-party services and control your own private keys before August

Tone Vays will also attend the debate. Although Bitcoin Cash isn't fully
established in the hearts of the crypto community yet, it will be
interesting to see how the discussion unfolds.

*Source: AETOSWire

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