Roger Ver, often dubbed the “Bitcoin Jesus” for his early and vocal support of the cryptocurrency, has expressed disappointment in blockchain technology. Ver, who introduced millions to Bitcoin, believes that blockchain, the technology underpinning Bitcoin, hasn’t lived up to its hype. Despite the widespread belief that blockchain could revolutionise industries like finance and logistics, Ver argues the technology has failed to deliver on its promises.
Ver’s criticism comes amid a surge in global interest in blockchain technology. Notably, major companies such as IBM and Microsoft are investing heavily in blockchain development. However, Ver contends that blockchain’s real-world applications have been limited and that the technology is overhyped. He suggests that many blockchain projects are merely “science experiments,” far from practical application.
Ver’s comments contrast sharply with the views of many in the tech industry, who see blockchain as a game-changing technology. Despite his scepticism, Ver remains a strong advocate of Bitcoin. He believes that Bitcoin, unlike blockchain, has demonstrated tangible benefits and has the potential to become a global currency.
Ver’s views underscore a broader debate within the tech community about the real-world utility of blockchain technology. While some view it as a revolutionary tool, others, like Ver, question its practicality and effectiveness.
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