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Why Does the Crypto Sphere Hate Roger Ver? – Crypto Currency News

Who is Roger Ver?

Born in California, Roger Ver was an early adopter of Bitcoin (BTC). In fact, his website was one of the first sites to accept Bitcoin as a method of payment. At the time, Ver was so supportive of Bitcoin that he was named “Bitcoin Jesus.” Over the years his loyalty to the coin shifted somewhat. He began to believe and state that the true Bitcoin was actually the forked coin; BCH. This coin adheres to the traditional whitepaper of Bitcoin more than the actual Bitcoin does. Of course, this is his opinion. This belief has begun a continual debate of which he certainly fuels.

Today Ver has garnered himself an unfavorable reputation, and it would seem some crypto enthusiasts would rather ignore him. A harsh action, but possibly a smart one. According to the crypto community, they now prefer the moniker “Bitcoin Antichrist.”  It’s a known fact that he draws ill sentiment from various spaces, but why does the crypto sphere hate Roger Ver exactly? Well, it seems there is one major reason; all his huffing and puffing about coin legitimacy has created a manipulating figure, and neither the crypto nor blockchain sector wants to deal with Ver’s manipulations anymore.

Why Does the Crypto Sphere Hate Roger Ver?

An example being, Ver will make a far-fetched statement – when he is trying to influence the system perhaps. And then the crypto community is forced to figure out what to believe and what not to believe. When you have large amounts of money on the line, even some outlandish statements can be hard to ignore, especially when they come from an “industry figure”.  

There are other reasons of course.

  • Roger Ver Is Considered to be Misleading the Public 

Accusations surround Ver and, as touched on above, his ability to manipulate market price. Specifically, there is real-life proof of Ver misleading the masses into thinking Bitcoin Cash is Bitcoin. For instance, on Ver’s website, Bitcoin Cash appears at the top, and his website represents Bitcoin as “Bitcoin Core.” Firstly, both coin logos look extremely similar which is, in itself, misleading but to add insult to injury, his website is the only website that actually calls BTC “Bitcoin Core” and not simply “Bitcoin”. As a result, this misinformation has led crypto newbies into purchasing Bitcoin Cash when they really wanted to purchase Bitcoin.

Ver has also been quoted as saying that there is nothing wrong with someone pumping up prices to attract miners. Now, you may agree with that statement. However, note that there is a problem with Ver doing this. It is a problem because it has been suggested that he is doing it to manipulate Bitcoin price and by doing that, Ver could easily trick people into purchasing and selling. 

  • He is Confusing Crypto Newbies

It’s no surprise that the crypto market can be difficult to understand, especially if you are a crypto newbie. If you’re new and still getting your head around the basics, you make for an easy target for manipulation. This is why Ver’s misleading has led a lot of people to dislike him.

He has also been found trying to convince people Bitcoin.com (his website) is the same as Bitcoin.org. Again, unknowingly people have not understood the difference and based on his misguidance have purchased off his website – creating profits of course for him.  Trying to convince the public that one thing is another thing likens to a phishing attack. But opinions vary on this. 

Why Does the Crypto Sphere Hate Roger Ver? | Takeaway

In the most extreme senses, Ver has been branded “a con man”. Is that too harsh? The main issue the community has is that by using Bitcoin.com, Roger Ver is appearing to spread Bitcoin Cash propaganda, and those on the receiving end of the propaganda are crypto newbies. When you are new you don’t quite know what to believe, and several cases have appeared where people have bought on Bitcoin.com believing it is the same as Bitcoin.org. Further, there is his continued argument that Bcash is the new Bitcoin. People are entitled to their own opinions but in a market as volatile as this, red flags should not be ignored.

>>3 Ways to Avoid Fraudulent ICOs

 

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The Kings of the Cryptocurrency Industry In 2018 – Crypto Currency News

Cryptocurrency influencers – Cryptocurrency is a piece of financial technology that has taken the world by storm. This new type of digital currency has gone from strength to strength since the idea behind Bitcoin was originally released in 2009.

Bitcoin set the standard for cryptocurrencies and pushed developers to experiment as people saw its potential. We now have a multitude of different cryptocurrencies available for purchase in the market such as Bitcoin, Ethereum, and Ripple. Furthermore, cryptocurrencies are seeing an increase in acceptance as a valid form of payment in many industries, allowing you to use your cryptocoin at eCommerce stores, online gambling websites, and much more.

Behind these cryptocurrencies, there is a plethora of shrewd individuals who played their cards right, invested carefully, and turned the crypto craze to their advantage. As a result, they have profited hugely and now rank as some of the wealthiest people in the world – they are the crypto kings. These individuals own a large portion of cryptocurrency and have been influential in the development of this industry.

The infographic below provides a comprehensive list of crypto kings, but we have listed a couple of examples in the following paragraphs.

Brian Armstrong, for example, created the popular cryptocurrency trading platform Coinbase. Coinbase is a platform that the public can use to buy and sell different types of cryptocurrency such as Bitcoin and Ethereum. Since its creation, it has built a huge user base and Armstrong is now worth over $900 million.

Joseph Lubin, on the other hand, is a Canadian entrepreneur who actually created and co-founded the cryptocurrency Ethereum. Once Ethereum was founded, Lubin went on to create the ConsenSys company, which oversees the development of Ethereum. Due to the immense success of Ethereum, Lubin is now worth over $1 billion.

Finally, we have Brad Garlinghouse, who created the cryptocurrency company Ripple and the XRP cryptocurrency. Garlinghouse has a 6.3% stake in the company and has amassed a wealth of over $400 million.

As you can see, these crypto kings have used the cryptocurrency industry to their advantage and have helped further this type of technology for the benefit of everyone.

If you read the infographic below you can learn about some other individuals who have gained their fortunes through this industry.

Here are the top 15 crypto kings, or cryptocurrency influencers.

cryptocurrency influencers
Source: Bitfortune

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Ripple Vs XRP – What is the Difference? – Crypto Currency News

Contrary to popular belief, there is a difference between Ripple and XRP. To quote Michael Caine, “not a lot of people know that.” Even if people are aware, however, they still struggle to fully grasp the concept. This has caused many in the community to feel a certain sense of frustration, as Ripple, the company, has said time and time again that they are not the same, but have only now started to clarify the difference between the two.

Before, many would argue that it was just assumed that the public should know the difference. However, as we have seen, the crypto sector is a learn as you go kind of industry. With that, we want to help spread the knowledge of the difference, so that we are able to leave the confusion behind as we make our way to the end of the year.

What is the Difference Between Ripple and XRP?

Now, there’s a lot of information that could go into this article. However, I want to keep it as simple as possible. Why? Because this difference has confused people for months on end; why would I make it more confusing by throwing in difficult-to-understand terminology? If you’re interested in the crypto sector, it’s best to start with the basics, then work your way up. 

The difference between Ripple and XRP is really simple. Those aren’t my words, either. Cory Johnson, Chief Market Strategist for Ripple said that recently in an interview. So if it’s that simple, why are people still so confused? Well, sometimes, things just take a while longer than others to be understood. 

So yes, at the end of the day, there is a difference between Ripple and XRP. Here are 4 of them. 

Ripple and XRP Just Have the Same Name

To put it simply, Ripple is a software company, while Ripple (XRP) is a digital asset that, as mentioned by Cory Johnson, “trades on its own by lots of people, in lots of places.” 

Ripple Didn’t Create XRP

This is something that a lot of people are confused by. So, there is a general consensus that Ripple created XRP, the 3rd largest digital currency in terms of market cap — but that’s not true. XRP was created by Jed McCaleb, Arthur Britto, and Chris Larsen. Yes, Ripple does “happen to own a lot of XRP,” but that was given to them, not created by them.

For perspective, Ripple is reported as holding roughly “60% of all XRP in existence.” 

Ripple Has No Control Over Falling XRP Prices 

A lot of people ask the company about the prices of XRP on the market. In truth, they have no control over it. As a matter of fact, Cory Johnson said the following when asked to give his opinion on falling XRP prices: 

“It’s a market dynamic that I can’t begin to understand.” 

With that being said, Johnson did say that the Ripple team believes that if the company has success – which it appears to have – and other companies that use XRP have success, then they believe “it will start to create an intrinsic value in XRP that other cryptocurrencies or tokens don’t have.” 

Ripple is Doing Better Than XRP 

In terms of performance, Ripple and XRP are not neck and neck. In the quarter, Ripple, the software company, has had, according to Johnson, “the best quarter ever.” Why? Johnson cited the following reasons: they have signed more deals and partnerships in the quarter, and there are now more banks using its software.

This is all true. In the last few weeks, we have seen some positive Ripple news surface. For instance, Ripple donated $50M to Universities, donated money to the Ellen Wildlife, and had two banks join RippleNet. Meanwhile, we haven’t seen a lot of positive XRP news. The price of XRP has fallen roughly 70% in the quarter, meaning Ripple and XRP are not correlated. 

Difference Between Ripple and XRP | The Takeaway

Hopefully, this helped you in understanding the difference between Ripple and XRP. Trust me, it took me a while too. Once you get the hang of it, though, not only will you see XRP in a different light, but you will see Ripple in a different way too.

Further, it’s worth mentioning that Ripple, the software company, wishes nothing but the best for XRP. In fact, Johnson said, “we have about 61 billion reasons we would like it to do well.” All the company asks, however, is for the difference between the Ripple and XRP to be recognized. 

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