Roger Ver States He Paid Thousands Of Dollars In Bitcoin Transaction Fees On Various Occasions
Roger Ver States He Paid Thousands Of Dollars In Bitcoin Transaction Fees On Various Occasions
April 20, 2020
Roger Ver States He Paid Thousands Of Dollars In Bitcoin Transaction Fees On Various Occasions
Roger Ver States He Paid Thousands Of Dollars In Bitcoin Transaction Fees On Various Occasions
April 20, 2020

Roger Ver, the CEO of Bitcoin.com, states that he paid thousands of dollars in Bitcoin (BTC) transaction fees on various occasions in the past.

It has been reported that Ver said in a video posted by Bitcoin Meme Hub on Twitter:

“I paid a thousand dollars in fees for a single transaction on the Bitcoin network, more times than I can count.”

However, Bitcoin’s chain split into Bitcoin Core and Bitcoin Cash in 2017, dividing a chunk of the community after disagreements over the asset.

Likewise, proponents of big blocks wanted faster transactions at a lower cost. It has been analyzed that those folks deviated with the BCH side of the fork, as Bitcoin Core advocates wanted to keep a lower block size, partly to help BTC remain decentralized. 

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The Bitcoin Cash community saw even further divide in 2018 when BCH itself split into Bitcoin Cash and Bitcoin Satoshi’s Vision (BSV).

However, Roger Ver has argued the point of fees and usability many times, often lobbying that BTC is too slow, expensive, and unable to scale. 

On April 7, Braclayrab, a Reddit user, posted:

“If everyone on BTC wanted to move their coins, it would take 165 days.”  

Ver said in an April 9 video response to the Reddit post:

 “That’s almost six months. Does that not seem crazy to anyone else.”

Similarly, users saw similar difficulties near the peak of Bitcoin’s $20,000 bull run in 2017 and early 2018, when transactions stalled amid soaring fees. Ver has often riffed on the concept of Bitcoin Core being a slow and expensive network, pointing toward BCH as an alternative.

In contrast, Bitcoin proponents, such as Jimmy Song, the programmer, often mention the other side of the table, in keeping BTC decentralized through smaller blocks. 

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Thus, Bitcoin Cash recently completed its halving roughly one month before Bitcoin’s scheduled May halving event. 

Source: Cointelegraph | Image: Zilla Blog


  

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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.
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