Cryptomustar
Sunday, July 3, 2022
  • Home
  • Altcoin
  • Bitcoin
  • Ethereum
  • Litecoin
  • Cryptocurrency
  • Blockchain
  • Regulation
  • Market
  • Prices
  • ICO
No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Ethereum
  • Litecoin
  • Cryptocurrency
  • Blockchain
  • Regulation
  • Market
  • Prices
  • ICO
No Result
View All Result
Cryptomustar
No Result
View All Result
Home Altcoin

Roger Ver Promotes Dash on Reddit – BeInCrypto

by admin
August 24, 2020
in Altcoin
0
Roger Ver Promotes Dash on Reddit – BeInCrypto
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter


In a somewhat surprising turn of events, Roger Ver, the co-founder of Bitcoin fork, Bitcoin Cash (BCH), today told users to buy DASH on Reddit.

The statement came as a result of users requesting an Infrastructure Funding Plan (IFP) for BCH.  The Dash Twitter world was quick to point out Ver’s statement:

RELATED POSTS

Hedge Fund Founder Predicts Ethereum Will Plunge to $500

In The Bear Market Madness, Crypto Sports Sponsorships Stall

As a founder of his own cryptocurrency, Ver does not often shill other coins, and his endorsement isn’t always a positive thing. Ver has been an outspoken critic of the parent Bitcoin chain for years, saying that Bitcoin Cash is Satoshi Nakamoto’s true vision.

However, in this case, Ver’s statement reflects a belief that Dash contains the same overall premise of digital cash, but with higher internal governance. This is made possible by the inclusion of an IFP.

What’s an IFP?

An IFP is a plan that allows for the internal workings (the infrastructure) of any system to be funded by the users of that system. In other words, those who most consistently use a system should pay to fund its development.

This perspective is true in government, as users pay taxes. However, Bitcoin’s original design eliminated any such centralized governance in favor of volunteer infrastructure management.

The BCH network follows in those footsteps and doesn’t have any such plan. However, other more centralized cryptocurrencies like DASH are built with IFPs in mind.

Roger Ver’s response

The off-handed remark from Ver reflects the growing pressures within the BCH network to offer some kind of infrastructure control. The lack of such a system, and a decrease in miner activity, could leave the chain without the ability to upgrade. This is the basic motivation for chains like DASH to have IFPs.

However, Bitcoin was originally conceived as a decentralized peer-to-peer payment platform, which by definition eliminates centralized structures. To have one is to move against the foundational principles of cryptocurrency.

This is, of course, at the prerogative of the miners and users of those chains. Some would argue that an IFP offers worthwhile benefits in exchange for a small limitation on miner autonomy.

Regardless, Ver’s endorsement of DASH could send users running from BCH. For those who believe an IFP is an essential component of a functional cryptocurrency, DASH may be the best choice.

One thing is quite clear, however: Ver has no intention of including any type of IFP on the BCH network any time in the near future.

Disclaimer: The opinions in this article do not necessarily reflect the views of beincrypto.com.

Want to know more?

Join our Telegram Group and get trading signals, a free trading course and daily communication with crypto fans!



Source link

Tags: BeInCryptoDashPromotesRedditRogerVer
ShareTweetShare

Related Posts

Hedge Fund Founder Predicts Ethereum Will Plunge to $500

Hedge Fund Founder Predicts Ethereum Will Plunge to $500

by admin
July 1, 2022
0

The price of Ethereum (ETH) has not yet hit its lows and could eventually fall a further 40% over...

In The Bear Market Madness, Crypto Sports Sponsorships Stall

In The Bear Market Madness, Crypto Sports Sponsorships Stall

by admin
June 21, 2022
0

With good times, good results are often dealt. With tough times, the road can get bumpier. Look no further...

Bank For International Settlements Explains MEV & Ethereum Market Manipulation

Bank For International Settlements Explains MEV & Ethereum Market Manipulation

by admin
June 17, 2022
0

The “miner extractable value” or MEV and its effects are one of the industry’s open secrets. And the Bank...

Crypto Corner: The Sports Slice

Crypto Corner: The Sports Slice

by admin
June 13, 2022
0

One platform has raised $10M to build the next blockchain sports game, while several other sports crypto platforms have...

Solana PoS Blockchain Network Faces Outage For The Seventh Time

Solana PoS Blockchain Network Faces Outage For The Seventh Time

by admin
May 2, 2022
0

January has been a tough month for Solana as the coin encountered a total of six outages. This time...

POPULAR NEWS

4 Cryptocurrency that Blow Bitcoin Out of the Water

4 Cryptocurrency that Blow Bitcoin Out of the Water

September 25, 2020
Memoriae – Next Generation of Decentralized Cloud Storage Based on Blockchain

Memoriae – Next Generation of Decentralized Cloud Storage Based on Blockchain

July 1, 2021
Apollo CBDC: The CBDC Platform that can Power Economies

Apollo CBDC: The CBDC Platform that can Power Economies

October 6, 2020
Stratus: The Most Feature Rich Social Media Network

Stratus: The Most Feature Rich Social Media Network

September 9, 2020
Binance Coin (BNB) erupts above $270 as the whole Smart Chain ecosystem soars

Binance Coin (BNB) erupts above $270 as the whole Smart Chain ecosystem soars

February 19, 2021

EDITOR'S PICK

Digital Yen Would Make Crypto Markets ‘More Lively,’ Says CEO of Monex Group

Digital Yen Would Make Crypto Markets ‘More Lively,’ Says CEO of Monex Group

November 25, 2020
22% of Goldman Sachs clients say Bitcoin is going ‘over $100,000’

22% of Goldman Sachs clients say Bitcoin is going ‘over $100,000’

March 5, 2021
Technical Signals Save Bitcoin From a Brutal Dip; What’s Ahead?

Technical Signals Save Bitcoin From a Brutal Dip; What’s Ahead?

March 26, 2021
Bitcoin Could be Coiling Up for a Move Past $11,000 Due to These Events

The Clock is Ticking for Bitcoin to Make a Massive Move; What Analysts are Saying

October 8, 2020

About

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Follow us

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Ethereum
  • Litecoin
  • Market
  • Press Release
  • Regulation
  • Uncategorized

Recent Posts

  • Bitcoin Legalization Pushed By Mexican Senator, Despite Central Bank’s Opposition
  • 3 Lessons From The Oslo Freedom Forum: BTC Is Different – Neigut, Alden, Feinstein
  • Bitcoin Funding Rate Turns Deep Red, Short Squeeze Soon?
  • Three Arrows Paper Trail Leads to Trading Desk Obscured Via Offshore Entities
  • About Us
  • Privacy Policy
  • Contact Us

© 2020 cryptomustar.com

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Ethereum
  • Litecoin
  • Cryptocurrency
  • Blockchain
  • Regulation
  • Market
  • Prices
  • ICO

© 2020 cryptomustar.com

  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • yfBetayfBeta(YFBETA)$4.27-0.10%
  • IDLEIDLE(IDLE)$1.44-12.39%
  • WPP TokenWPP Token(WPP)$0.006826-3.49%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Werewolf CoinWerewolf Coin(WWC)$0.098082-2.58%
  • PolkaBridgePolkaBridge(PBR)$0.439784-6.92%
  • Dev ProtocolDev Protocol(DEV)$1.76-16.14%
  • EvidenZEvidenZ(BCDT)$0.122949-3.85%