Cryptocurrency advocate Roger Ver isn’t known for keeping his opinions to himself and has today, incited quite a reaction through his tweet targeting block size limits. Ver, a proponent of cryptocurrencies since its inception has always argued against any limits on the block size.
Since he was a part of Bitcoin, Ver, affectionately called ‘Bitcoin Jesus,’ had always campaigned for increasing the limit that the original Bitcoin had imposed on block sizes. According to Ver, this was the most significant hurdle to the cryptocurrency’s scalability. It was this issue that finally had Roger Ver and a few others split from the original Bitcoin and create Bitcoin Cash. BCH would itself go on to later go through a hard fork itself, one that led to the creation of Bitcoin SV [Satoshi’s vision] and Bitcoin ABC [Continued to be traded as Bitcoin Cash].
Roger Ver’s attack on Bitcoin and cryptocurrencies with a block size limit is a continuation of the views he has carried over the years. Ver has long argued that the limit adds to the Bitcoin network’s congestion, extending transaction times and costs more than necessary. This, he has long felt, has discouraged more companies from adopting cryptocurrencies, costing it a potentially billion dollar market. Bitcoin’s solution to the congestion and scalability issues, the SegWit, doesn’t address the issues at hand, he also suggested.
Furthermore, Ver has also always pointed out that with network connectivity and the number of users growing with every passing year, there is bound to be more traffic on every cryptocurrency network. It is therefore essential he says that cryptocurrencies are made more scalable by easing limits on block sizes. Without scalability, cryptocurrencies would find it very difficult to process transactions in a timely manner.