The debate between Bitcoin and its hard-forked Bitcoin Cash continues to stir in the global cryptocurrency community. On Coinsbank’s third Blockchain Cruise, Bitcoin Cash supporter Roger Ver and author Jimmy Song will discuss the benefits of the competing blockchains.
Blockchain Cruise Mediterranean Hosts Big Debate
Cryptocurrency community leader Roger Ver and “OffChain” author Jimmy Song will debate the advantages of Bitcoin and Bitcoin Cash during Coinsbank’s third annual blockchain cruise, according to a press release.
The Blockchain Cruise Mediterranean will take place Sept. 7-11 and will tour Barcelona, Monaco and Ibiza. Alongside Ver and Song, other industry leaders and blockchain experts will be attendance, including:
- Charlie Lee, Creator of Litecoin
- Bobby Lee, Co-Founder of BTCC
- John McAfee, MGT Capital Investments Inc.
- Brock Pierce, Venture Capitalist and Founder of The Bitcoin Foundation
- Miko Matsumura, Co-Founder at Evercoin
- Paul Mockapetris, Inventor of the DNS
The event will cover topics ranging from investment and token sales to regulation and the state of blockchain and marketing for projects.
Ver and Song will begin their debate on Bitcoin Cash and Bitcoin on the fourth day of the cruise. In the past, Ver has supported Bitcoin Cash due to its supposed feasibility as a payment method in merchant transactions.
Ver has further denounced Bitcoin for its high transaction fees and increasing centralization.
Roger Ver Bullish on BCH
During an interview on CNBC’s Fast Money, Ver expressed optimism for the Bitcoin-forked digital asset, stating that BCH has a better commercial applicability than BTC for practical daily use.
“BTC-Bitcoin is no longer, or at least last December, wasn’t usable for commerce at all. The fees became high, the transactions became slow and unreliable and people like myself and everybody else that was actually trying to use it for commerce stopped and switched to something else. And that something else was most likely to be Bitcoin Cash for the most number of people.”
In early March, TrustNodes reported that over 100,000 BitPay merchants began accepting BCH as a payment method. BitPay also allows merchants to accept BTC.
BCH currently represents 4.56 percent of the entire cryptocurrency market. Despite a multi-month downtrend, BTC continues to prevail as the most popular cryptocurrency, with a 53.2 percent overall market dominance.
Cover Photo by Linval Ebanks on Unsplash