MARKET

"The 'Bitcoin Jesus' Launched Cryptocurrency Exchange Seems to Have No Users Placing Orders"

share
"The

Roger Ver, also known as the "Bitcoin Jesus," has faced criticism from the crypto community for his cryptocurrency exchange launched on Bitcoin.com. Many users have accused Roger of deceiving the public and engaging in wash trading of Bitcoin Cash on the platform.

Table of Contents

Community Strongly Opposes Crypto Exchange Launched on Bitcoin.com

In the cryptocurrency industry, there are a few individuals whose mere mention can cause a community divide. Roger Ver is perhaps one of them.

Ver, an early advocate and investor in Bitcoin, who purchased $25,000 worth of Bitcoin in 2011, later became disillusioned with the slow transaction speeds and high fees, deviating from its original purpose of everyday payments.

After shifting his support to Bitcoin Cash, Ver was branded a traitor by many Bitcoin supporters.

However, this did not deter Ver's plans as his exchange Exchange.Bitcoin.com went live as scheduled on September 2.

According to a report, the exchange supports Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Binance Coin (BNB).

Historical Controversies

In addition to early Bitcoin investments, Ver also invested in Kraken, Ripple, BitPay, and other prominent crypto companies.

During the 2013 hack of the early exchange Mt. Gox, which resulted in the loss of thousands of Bitcoins, Ver staunchly supported Mt. Gox but faced backlash when Mt. Gox declared bankruptcy after another hack in 2014.

This issue has resurfaced recently.

A Twitter account with 976,000 followers, dedicated to promoting Bitcoin news and research, @Bitcoin, recently compared Mt. Gox with Ver's newly launched exchange, eliciting user opinions on the exchange.

Hundreds of Twitter users responded, stating they would not trust any service supported by Roger Ver.

Many accused Ver of borderline fraudulence for continually referring to Bitcoin Cash as the "real Bitcoin," misleading users interested in or looking to purchase Bitcoin, as shown in the Twitter image below.

One user responded:

The entire Bitcoin.com website might guide you to buy Bitcoin Cash under the guise of buying Bitcoin, Bitcoin wallets, etc.

Finally, some Twitter users expressed concerns:

Concerns that the Bitcoin.com exchange may engage in wash trading of Bitcoin Cash to increase its liquidity, suggesting the exchange's primary goal is to do so, and later praising Bitcoin Cash for its low transaction fees.

Related Reading

  • DeFi Founder: Ethereum Superior to All Smart Contract Platforms
  • Telegram's GRAM Token Set to Launch, Expected to Surpass XLM in Market Cap, Entering the Top Ten

Join now to receive the most comprehensive fintech information, blockchain insights, and industry examples!