Roger Ver: Ethereum, the Front-runner of Global Crypto Adoption
Early Bitcoin investor and Bitcoin Cash advocate Roger Ver proclaimed Ethereum as the primary catalyst for bringing new users to crypto. Ver’s remarks during a May 31 episode of the Show Me The Crypto podcast pointed to Ethereum’s current influence, despite its scalability issues and the emergence of layer-one “clones.”
Ethereum Virtual Machine-Compatible Blockchains and Their Role
Ver lauded the advent of Ethereum Virtual Machine-compatible (EVM) blockchains and layer-2 scaling solutions like Polygon that distribute some of the workload from the primary chain.
The Early ‘Civil War’ in Bitcoin and the Birth of Ethereum
Ver also recounted the early conflicts between Bitcoin’s core developers and Ethereum co-founder Vitalik Buterin. The disputes centered on the use of smart contracts and the shift from blockchains serving solely as currency or stores of value. These tensions ultimately led Buterin to develop Ethereum.
Ver’s Thoughts on the Ledger Debate
Speaking on the controversial Recover service by Ledger, Ver expressed disappointment. The service enables users to store their encrypted seed phase with external custodians as a safety measure against loss. However, Ver stated that the ethos of crypto revolves around maintaining complete control over one’s assets at all times.
Legal Controversy Surrounding Ver and Genesis Trading Unit
Earlier this year, Ver faced a lawsuit by a trading unit of crypto lending firm Genesis for allegedly failing to fulfill a $20.8 million unsettled crypto options payment. Ver responded on Reddit, claiming he had sufficient funds but was not legally bound to pay due to Genesis’ insolvency.
Ver’s Alleged Default on Debt: The CoinFLEX Controversy
Last year, CoinFLEX CEO Mark Lamb accused Ver of defaulting on a $47 million USD Coin debt. Ver refuted these allegations without naming the company directly, sparking further controversy in the crypto world.
