Bitcoin Cash advocate Roger Ver recently stated that “the Lightning Network was created as a solution to a problem that did not exist.” He also said that Bitcoin’s scalability problem was created on purpose. Ver’s comments came while speaking at the Anarchapulco annual conference in Acapulco, Mexico which attracts a large number of Voluntaryist thinkers and activists. He went on to accuse the Bitcoin community of creating Bitcoin’s scalability problems.
The Bitcoin.com CEO, who is often referred to as the Bitcoin Jesus, is well known for being a very strong supporter of Bitcoin Cash (BCH). While discussing the Lightning Network, Bitcoin’s layer-2 solution designed for faster micropayments, Ver commented that “Oh! we’re going to create the lightning network to solve the problems that we created in the first place on Bitcoin.” When asked by an Anarchapulco conference attendee regarding his experience testing Bitcoin’s Lightning Network, Ver said:
“Im a big Harry Brown fan and he talks about the government and he said that the government is like somebody that, breaks your legs and hands you a pair of crutches and says, ‘see if it wasn’t for the government, you wouldn’t be able to walk and the same is true about the lightning network.”
Lightning Network “Too Little, Too Late”
The Purse.io investor also noted that cryptocurrencies would help pave the way to true economic freedom. Ver thinks that digital currencies will be instrumental in creating a better world and that Bitcoin Cash (BCH) would lead the way. He continued to criticize Bitcoin by saying that Bitcoin (BTC) dominance had gone down considerably from 85% to around 35% in just a year.
Ver further noted that the Lightning Network is not suitable for mainstream adoption and referred to its development as “too little and too late.” However, he added that the Lightning Network would work much more effectively on the Bitcoin Cash network. He believes it will help Bitcoin Cash (BCH) transactions become more cost-effective and reliable.
While Ver has been a very aggressive promoter of Bitcoin Cash, there is very close-knit Bitcoin community that is fighting back against his misleading claims. Notably, BitPico, a team of Bitcoin miners, developers, and “whales” has recently started conducting stress tests on the Bitcoin Cash network. Through a number of tweets starting from June 22nd this month, the BitPico group revealed that they had tested the Lightning Network’s mainnet for rigidity by launching a “coordinated attack.” Now reportedly, they will be putting the BCH network to the test via a 51% attack. The BitPico group stated:
“The [Bitcoin Cash] attack has been started; it will continue to run as we work to amplify it over the coming months. We expect to have 5000 Bcash attack nodes in roughly 6 weeks and then we will multi-fork the chain. [Roger Ver] will now cry.”