Bitcoin Cash will usher global economic freedom, Roger Ver says
Economic freedom is defined as the ability of people in a society or a country to take economic actions. It’s the measure of how easy it is for members of a society to participate in the economy, where freedom exists for everybody from free markets to free trade and free enterprise.
Digital currencies like Bitcoin have been touted as the best tools the world has ever seen that will bring economic freedom to the world—until the governments stepped in.
In his presentation at the recently held Satoshi’s Vision conference in Tokyo, Japan, Bitcoin.com owner Roger Ver explained how he thinks the world governments have been encroaching upon the economic freedom of the people. It’s simple, Ver said. They did it by advocating for 1MB blocks to intentionally create high fees, less privacy, slow confirmations, and unreliable transactions, and that would end up resulting in fewer users, fewer nodes, lower adoption, less privacy, a lower Bitcoin market cap, a lower Bitcoin market share, and less censorship resistance.
“I’m not saying that Blockstream and Core are intentionally in the government attack on the adoption of cryptocurrencies around the world, but if you stop and think about it, I can’t really think of a more effective way to do it—they literally shattered what used to be this unified Bitcoin ecosystem, they’ve now shattered it into a thousand and one altcoins around the world with in-fighting within the communities and people competing on this and that, and all sorts of hostilities, and get it through primarily censorship and propaganda and lies,” Ver said. “If you’re in favor of a censorship resistant currency for the entire world to use to gain more economic freedom, you shouldn’t be using censorship to promote it, and that’s exactly what the Bitcoin Core supporters have been doing which should be condemned by anybody who supports free speech.”
This is reason why the market has moved to alt coins, particularly Bitcoin Cash, which continues to stay true to the spirit of Bitcoin. But Ver said there’s “a thousand and one” competitors out there, so the community needs to step up and make Bitcoin Cash the most useful digital currency in the world, with fast, cheap, reliable transactions for everybody, permissionless innovations, censorship resistance, private transactions.
“This is why I’m here, supporting Bitcoin Cash before you because I want to use it to bring more economic freedom to the world, and whatever tool does it, I’m on board with that,” Ver said. “I think Bitcoin Cash has the biggest chance of doing that because it has the Bitcoin name, it has almost all the early adopters of Bitcoin, all the people that made Bitcoin useful as currency around the world are supporting it.”
Watch Roger Ver talk about Bitcoin Cash and economic freedom here: