{"id":6945,"date":"2019-10-21T06:00:08","date_gmt":"2019-10-21T03:00:08","guid":{"rendered":"https:\/\/forklog.media\/?p=6945"},"modified":"2020-01-10T13:03:38","modified_gmt":"2020-01-10T11:03:38","slug":"according-to-ceo-of-bitcoin-com-btc-is-gold-bsv-is-scam-and-bch-is-money","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/according-to-ceo-of-bitcoin-com-btc-is-gold-bsv-is-scam-and-bch-is-money\/","title":{"rendered":"According to CEO of Bitcoin.com, BTC is Gold, BSV is Scam, and BCH is Money"},"content":{"rendered":"

The recently appointed<\/a> CEO of Bitcoin.com Stefan Rust learned about Bitcoin in 2012, when a developer from Guatemala asked him to pay in BTC. Unlike many early adopters, Rust didn\u2019t think it was a nonsense at the time.<\/p>\n

<\/p>\n

“Instant with no fees. I transferred bitcoins to that guy during a Skype call. Live in real time”.<\/strong><\/p><\/blockquote>\n

In winter 2013 Rust then organized a first bitcoin meetup in Hong Kong in a local bar\/restaurant. It was standing room only with people listening and watching from outside in. The whole bar was fully packed.<\/p>\n

“I\u2019ve loved Bitcoin from that day on”.<\/strong><\/p><\/blockquote>\n

Before joining Bitcoin.com, a controversial website owned by Roger Ver, Stefan Rust co-founded a non-bitcoin startup Exicon to provide major corporations like Sony, Oracle and Qualcomm with developer and application management services.<\/p>\n

“I joined Bitcoin.com in February and secured three deals in two months. Then Roger asked me to become a CEO”.<\/strong><\/p><\/blockquote>\n

In an exclusive interview with ForkLog Stefan Rust shares his views on Bitcoin vs Bitcoin Cash controversy, reveals his thoughts about Bitcoin SV and Craig Wright and explains why he decided to move his wealth from BTC to BCH.<\/p>\n

\"According

Ver and Rust via news.bitcoin.com<\/p><\/div>\n

ForkLog: If you had to choose between BTC and BCH to invest 90% of your wealth for two years, what coin would you choose?<\/strong><\/p>\n

Stefan<\/strong>: Bitcoin Cash for sure. Most of my wealth is in BCH now. I moved it from BTC.<\/p>\n

ForkLog: Bitcoin.com offers me to buy BCH and something that is called Bitcoin Core. By the looks of it, Bitcoin Cash is positioned as the real Bitcoin, which could be misleading for the newbies.<\/strong><\/p>\n

Stefan<\/strong>: I personally don\u2019t think it\u2019s that misleading. When people come to Bitcoin, they usually want to make a small investment. They want to test it out and feel it. They\u2019re not gonna come with $1 ml to buy BCH with their credit card. They will come with $100 or $500, maybe $1000. Bitcoin Cash is a lot more affordable to buy a whole unit or two or four. That\u2019s the early entry into it.<\/p>\n

We believe that Bitcoin Cash is more like peer-to-peer cash system.<\/p>\n

ForkLog: It\u2019s a “yes or no” question. Do you consider Bitcoin Cash a store of value?<\/strong><\/p>\n

Stefan<\/strong>: As well, yes.<\/p>\n

ForkLog: And what about the payments?<\/strong><\/p>\n

Stefan<\/strong>: [laughing<\/em>] Of course, it\u2019s a store of value. Every currency and cryptocurrency has a percentage of a store of value. I view Bitcoin Core [BTC or Bitcoin] as gold and Bitcoin Cash as money.<\/p>\n

ForkLog: If everyone holds BCH, who will use it for payments?<\/strong><\/p>\n

Stefan<\/strong>: We introduced<\/a> a Simple Ledger Protocol, which allows you to create tokens for special purposes, interests and communities. If you want to keep BCH, create a currency and build a value around it, make it popular for payments within a community.<\/p>\n

ForkLog: Bitcoin.com says BCH is for payments and you say I need to build a token over the protocol to make payments. That could be really hard for newbies to understand.<\/strong><\/p>\n

Stefan<\/strong>: It\u2019s definitely not for newbies. We are talking more about developers and enthusiasts, who are not gonna be newbies anymore. They want to trade it and participate in value creation.<\/p>\n

Today you can already buy coffee, pay for your hotels, haircuts and taxi fares using Bitcoin Cash. It\u2019s real payments to retailers who want low fees and fast transactions. To scale though for the immediate short term, retailers do want to settle in fiat in existing bank accounts as they don\u2019t like the volatility. This will change over time.<\/p>\n

ForkLog: For the last couple of years Roger Ver has been repeating that \u201cBitcoin Cash is real Bitcoin\u201d mantra. To make things clear, do you agree with it?<\/strong><\/p>\n

\n

Being the chain originating from the genesis block with the highest accumulated proof of work is only one of the metrics that makes Bitcoin Bitcoin.
\nEdit and decide for yourself which has more Bitcoin-ness: https:\/\/t.co\/lldt4n2W4C<\/a> pic.twitter.com\/FnZGye39cF<\/a><\/p>\n

\u2014 Roger Ver (@rogerkver) April 27, 2018<\/a><\/p><\/blockquote>\n