One of the earliest users of Bitcoin (BTC), Roger Ver claimed Dogecoin (DOGE) was far superior to the king of cryptocurrencies.
According to this figure when interviewed by Bloomberg, Elon Musk's favorite meme cryptocurrency offers network sustainability and low transaction costs when compared to Bitcoin:
"If I was given three cryptocurrency options that would dominate, it would be DOGE, Litecoin (LTC), and Bitcoin Cash (BCH)."
Ver's answer is in stark contrast to the statement of Ethereum founder Vitalik Buterin in early January 2022:
"I used to be optimistic with the Bitcoin Cash project..today I describe BCH as the most failed."
Not only that, Ver is confident that dogecoin will dominate the money market because there is Musk who supports the development of the crypto project.
The proof is, he is very excited if Musk introduces giving tips in DOGE on Twitter one day.
For the record, Twitter only supports giving tips in BTC and Ethereum (ETH) so far.
Interestingly, Ver claims that Bitcoin has run away from the original purpose of its establishment which was the main reason for the hard fork Bitcoin Cash incident some time ago.
Who is Roger Ver?
Started investing in bitcoin since 2011 when the value of BTC was only around $ 1
2014 - became CEO of Bitcoin.com and used the site to share education about Bitcoin in general
Ver once voiced the view to increase the block size to increase the number of transactions in Bitcoin which is opposed by the Bitcoin community
2017 - happens a hard fork that breaks Bitcoin into two blockchains: Bitcoin (retained) and Bitcoin Cash (new)
Bitcoin Cash is much cheaper and less crowded making it useful for transactions
Ver shifted focus to Bitcoin Cash via Bitcoin.com
Ver's statement coincidentally gave a glimpse into the allegations of Solana's co -founder Anatoly Yakovenko yesterday.
According to the figure, Bitcoin risks losing its users if it does not switch to Proof of Stake (PoS) because sooner or later other networks that have not received PoS will ‘move’ as well.
This is not the first time Bitcoin has received criticism regarding the Proof of Work mechanism.
Ripple CEO Chris Larsen has already launched a campaign calling for the conversion of Bitcoin to PoS.
Even the European Union (EU) once wanted to block crypto assets that use PoW before the results of its members ’votes led to objections to the effort.
