Bitcoin Cash [BCH] managed to secure a lot of fans after Roger Ver aka Bitcoin Jesus went on to promote the coin. Over the years, several followed suit as Bitcoin Cash entailed a block size larger than that of Bitcoin. The asset is now widely being used for online payments, however, its popularity and value remain dainty when compared to Bitcoin [BTC]. The tiff between Bitcoin maximalists and the evangelists of other coins is not news, the Bitcoin Cash community seems to have added another person to their list.
‘Bitcoin Cash Is Great For Online Payments’, Suggests Kim Dotcom
German entrepreneur, Kim Dotcom sprang to fame after rolling out Megaupload as he bagged in millions of dollars. After trying his hand at crypto and failing, Kim Dotcom seemed to be joining the Bitcoin Cash community. He affirmed the same in his latest tweet.
I’m herewith officially joining the effort to make Bitcoin Cash the leading electronic cash solution in the world.
I will help to accelerate the use of BCH with real world and online vendors and to increase the user base.
— Kim Dotcom (@KimDotcom) January 10, 2021
This tweet triggered several members of the crypto community who began questioning Kim Dotcom’s latest move. The German entrepreneur pointed out that Bitcoin Cash functioned on low fees and was easy to use while being secure. While the Bitcoin Cash community and Roger Ver have time and again dissed Bitcoin for being “slow with high fees and unreliable transactions”, Kim Dotcom seemed to have joined the BCH gang. However, he suggested that he chose BCH over BTC as he considers BCH “great for online payments”, while BTC “is great to store value.”
Furthermore, Kim Dotcom went on to explain that he intends to bring in more people to the community through his “innovations, with my contact network and the incredible power of genius marketing”, he added.
The entrepreneur received backlash for his latest move but suggested that his stance was a result of the demands and necessities of users and vendors from the digital verse. A Twitter user even went on to ask the entrepreneur if Roger Ver had paid him money for this endorsement. To which Kim Dotcom replied,
“He sent me $1000 in BCH via text message to try the Bitcoin.com wallet. I then sent $500 in BCH to a friend via text message because I wanted him to see how easy this is.”
Back in September 2020, Tim Draper was subject to immense resentment for endorsing BCH. However, the venture capitalist affirmed that the endorsement was a result of a hack.
The repercussions of exhibiting support for certain coins seemed to be getting out of hand as Kim Dotcom suggested that healthy competition is good for the crypto-verse and those who have been preaching Bitcoin maximalism aren’t doing the king coin a favor. He added,
How did the cryptoverse get so toxic? It doesn’t matter which crypto leads in the future. What matters is that the idea of crypto finds mass acceptance so that all of humanity can benefit. The crypto community should work together on that common goal. Respect each other. #crypto
— Kim Dotcom (@KimDotcom) January 11, 2021