Is Ripple a cryptocurrency? XRP’s status questioned by Bitcoin Jesus- Roger Ver
Roger Ver, the CEO of Bitcoin.com spoke about how he developed interest towards bitcoin and his initial investment Bitcoin during an interview with Crypt0, a popular Youtube channel.
His early advocacy for bitcoin earned him the moniker of Bitcoin Jesus. Roger Keith Ver is an early investor in bitcoin-related startups. He has been a prominent supporter of bitcoin adoption and saw bitcoin as a means to promote economic freedom.
He entered the world of bitcoin in the year 2011 and bought bitcoin when it was $1 from the Co-Founder of Mt. Gox, Jed McCaleb.
He said, “I sent the money to buy them [BTC] to the personal bank account of Jed McCaleb who was the owner of Mt. Gox before Mark Karples took it over from him. That’s how early I am.”
Roger revealed that he was ‘technically the second person to be involved in Ripple,’ He shared that Jed McCaleb, who is also the Founder of Stellar Lumens [XLM] contacted him to convince to invest in Ripple in 2012.
Roger said, “Bitcoin was two dollars each and I was doing everything I could to get the traction in the world but I didn’t have that much traction and the entire market cap was maybe ten million bucks… So I said sure, no problem.”
Roger further pointed that ‘today it’s even arguable if Ripple is a cryptocurrency’, as Ripple can freeze customers bank account whenever they want. Ripple was introduced to make another bitcoin without any need of mining.
He stated, “So like, let’s say cryptocurrency if you want to use that, like Ripple winds up getting the mainstream adoption that everybody ends up using. It’s still better than the banking system that we have today where they charge 35 bucks to send a wire and it takes a couple of days in this and that but it’s not that much better because they can still freeze your account just like they can now.”
Sam Wong, a Youtuber commented supporting Roger’s statement, “I agree with Roger and Omar, Ripple is an absolute SCAM and not even a cryptocurrency as they can and will FREEZE your accounts whenever they please!”
During the interview, Roger promoted Bitcoin Cash, a hard fork of the cryptocurrency created with the intent to fix issues such as high fees and long transaction confirmation times.
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