The Bitcoin Fight: Cryptocurrency "celebrities" warm up on a blockchain cruise

Bitcoin developer Jimmy Song and Roger Ver, also known as

They tried not to balance the boat.

But that's exactly what happened when two celebrities & # 39; of Bitcoin faced each other face-to-face with dozens of onlookers at the CoinsBank Blockchain Cruise.

The four-day event took place from September 7 to 11 and transported fanatics of cryptocurrencies through Barcelona, ​​Monaco and Ibiza in the midst of major industry figures such as John McAfee, the inventor of the antivirus program and the defender of the cryptocurrency.

Bitcoin developer Jimmy Song and Bitcoin.com CEO Roger Ver, also known as 'Bitcoin Jesus', were supposed to debate the merits of Bitcoin vs.. Bitcoin Cash, but in a matter of minutes, the event went south.

Scroll down to watch the video

Bitcoin developer Jimmy Song and Roger Ver, also known as "Bitcoin Jesus," had to debate the merits of Bitcoin vs. Bitcoin Cash, but in a matter of minutes, the event went south

WHAT IS BITCOIN CASH?

Last August, Bitcoin, a type of digital currency, was forced by users to split into two, also known as hard fork, largely as a result of slow transaction speeds.

The hard fork led to the creation of Bitcoin Cash.

Since its launch, Bitcoin Cash has received mixed support from investors.

Some advocates of Bitcoin Cash, like See, prefer digital currency because of their comparatively lower transaction rates, faster transaction rates and the ability to scale with their growing user base.

On the other hand, Bitcoin fans believe that it is the most valuable cryptocurrency and deny the claims of Bitcoin Cash advocates that it is plagued by slow transactions and high fees.

In a recording of the 40-minute debate, a song dressed as a cowboy takes the stage behind a podium that is next to the pool, in front of an audience of men and women wearing swimsuits.

Song, who was present to argue on behalf of Bitcoin, proposed a "Lincoln-Douglas-style debate", an individual debate based on those made by Abraham Lincoln and Stephen A. Douglas.

However, within 20 seconds of his speech, it was clear that it was not going to happen.

Song claimed that Ver, who was debating on behalf of Bitcoin Cash, was trying to interrupt him.

This is what Roger does. Can you sit down, please, "Song can be heard screaming on stage.

& # 39; … There are no interruptions or anything like that, [Ver] I just tried. We will keep it civilized.

& # 39; I want to keep it at a high level. I think there's too much Jerry Springer and not enough Supreme Court, "Song added.

It is not surprising that tempers broke loose so easily, since the fans of Bitcoin and Bitcoin Cash are notoriously divided.

Last August, Bitcoin, a type of digital currency, was forced by users to split into two, also known as hard fork. Some users believed that Bitcoin needed to be divided in two partly as a result of their slow transaction speeds.

The hard fork led to the creation of Bitcoin Cash, which has received mixed support since its launch.

Some advocates of Bitcoin Cash, like See, prefer digital currency because of their comparatively lower transaction rates, faster transaction rates and the ability to scale with their growing user base.

On the other hand, Bitcoin fans believe that it is a more stable cryptocurrency and deny the assertions of the Bitcoin Cash advocates that it is plagued by slow transactions and high fees.

Song (left) and See (right) began to discuss just minutes after the debate began. It is not surprising that the moods intensified as the fans of Bitcoin and Bitcoin Cash are notoriously divided

See and Song met almost immediately after the debate about who could speak first. The video continues for almost 35 minutes after the heated exchange dissipated

See and Song met almost immediately after the debate about who could speak first. The video continues for almost 35 minutes after the heated exchange dissipated

See and Song met almost immediately after the debate about who could speak first. The video continues for almost 35 minutes after the heated exchange dissipated

So it was these different points of view that almost assured that the debate would fail and ruin.

Members of the audience began to yell at Ver, tell him to relax.

Do you want to debate with me or not? Just sit down, "Song said.

Seeing angle to grab the microphone of the song, saying that a presentation was due, a man from the audience brought an extra microphone to the stage.

However, it was for Song who quickly left the stage in an explosion of anger and said he would not debate with Ver.

A shirtless man in striped swimsuit drowned Ver's speech on stage with some inaudible shouts.

"If someone ambushes someone, it's Jimmy," Ver argued.

Last August, Bitcoin was forced by users to split into two, also known as hard fork, largely as a result of slow transaction speeds.

Last August, Bitcoin was forced by users to split into two, also known as hard fork, largely as a result of slow transaction speeds.

This led to the creation of Bitcoin Cash

This led to the creation of Bitcoin Cash

Last August, Bitcoin was forced by users to split into two, also known as hard fork, largely as a result of slow transaction speeds. This led to the creation of Bitcoin Cash

The four-day event ran from September 7 to 11 and transported fans of cryptocurrencies through Barcelona, ​​Monaco and Ibiza amid great industry figures such as John McAfee.

The four-day event ran from September 7 to 11 and transported fans of cryptocurrencies through Barcelona, ​​Monaco and Ibiza amid great industry figures such as John McAfee.

The four-day event ran from September 7 to 11 and transported fans of cryptocurrencies through Barcelona, ​​Monaco and Ibiza amid great industry figures such as John McAfee.

A few minutes later, Song reappeared on stage, grabbed some papers that had vanished and started the debate.

"This is exactly why nobody likes to debate with Roger because he does things like this," Song exclaimed.

& # 39; If you try to interrupt me again, I will leave the stage. I will not debate with him anymore.

The video continues for another 35 minutes and shows a serious debate between both men.

However, it was not without a bit more insults, since Ver referred to Song's first point as & # 39; meaningless & # 39; and the pair was amazed at each other about what books they had read, according to Coin Insider.

Even Bitcoin, the standard support for digital money, has seen a 70 percent drop since its record of almost £ 15,000 ($ 20,000). At the end of June, the price of Bitcoin fell below $ 6,000 for the first time since early November last year and barely recovered.

Even Bitcoin, the standard support for digital money, has seen a 70 percent drop since its record of almost £ 15,000 ($ 20,000). At the end of June, the price of Bitcoin fell below $ 6,000 for the first time since early November last year and barely recovered.

Even Bitcoin, the standard support for digital money, has seen a 70 percent drop since its record of almost £ 15,000 ($ 20,000). At the end of June, the price of Bitcoin fell below $ 6,000 for the first time since early November last year and barely recovered.

The event comes immediately after a new report from the MVIS CryptoCompare Digital Assets 10 Index, based in Frankfurt, which has tracked the collapse of digital currencies from a record high in January to a recent 80 percent drop in value.

The losses were led by Ether, the second largest virtual currency after Bitcoin.

Some have even compared the fall of digital currencies to the explosion of the Dot-Com bubble in the late 1990s and early 2000s.

WHAT IS A BITCOIN? A LOOK AT THE DIGITAL CURRENCY

What is a Bitcoin?

Bitcoin is what is known as a & # 39; cryptocurrency & # 39;

It is the version of money on the Internet: unique pieces of digital property that can be transferred from one person to another.

Bitcoins are generated through the use of an open source computer program to solve complex mathematical problems. This process is known as mining.

Each Bitcoin has its own unique fingerprint and is defined by a public address and a private key, or strings of numbers and letters that give each one a specific identity.

They are also characterized by their position in a public database of all Bitcoin transactions known as blockchain.

The blockchain is maintained by a distributed network of computers around the world.

Because Bitcoins allow people to exchange money without involving a third party, they have become popular among libertarians and technophiles, speculators and criminals.

Where do Bitcoins come from?

People create Bitcoins through mining.

Mining is the process of solving complex mathematical problems using computers that run Bitcoin software.

These mining puzzles become increasingly difficult as more Bitcoins come into circulation.

The rewards are reduced by half at regular intervals due to a deliberate decrease in the speed at which the new Bitcoins enter circulation.

Who is behind the coin?

Bitcoin was launched in 2009 by a person or group of people that operates under the name of Satoshi Nakamoto and then adopted by a small group of enthusiasts.

Nakamoto left the map when Bitcoin began to attract wide attention, but its proponents say that it does not matter: the currency obeys its own internal logic.

Dr. Craig Wright was suspected as the creator after a Wired report last year and has now confirmed his identity as the founder of the cryptocurrency.

How much is a bitcoin worth?

Like any other currency, Bitcoins are only worth as much as you and their counterparts want them to be.

Bitcoins are digitally signed computer code lines each time they travel from one owner to another. Physical currency used as illustration

Bitcoins are digitally signed computer code lines each time they travel from one owner to another. Physical currency used as illustration

Bitcoins are digitally signed computer code lines each time they travel from one owner to another. Physical currency used as illustration

In its early days, boosters exchanged Bitcoins from one place to another for small favors or just as a game.

A website even gave them free.

As the market matured, the value of each Bitcoin grew.

Is the currency widely used?

That is debatable.

Companies ranging from the WordPress blog platform to retailer Overstock have jumped into Bitcoin's car in the midst of a wave of media coverage, but it's unclear if the currency has really taken off.

On the one hand, BitPay, the leading Bitcoin payment processor, works with more than 20,000 companies, approximately five times more than last year.

On the other hand, the total number of Bitcoin transactions has remained approximately constant between 60,000 and 70,000 per day during the same period, according to the Bitcoin wallet blockchain.info site.

Is Bitcoin particularly vulnerable to counterfeiting?

The Bitcoin network works by taking advantage of the greed of individuals for the collective good.

A network of knowledgeable users of the technology called miners keeps the system honest by turning its computing power into a chain of blocks, a global recount of all bitcoin transactions.

The blockchain prevents the rogues from spending the same bitcoin twice, and the miners are rewarded for their efforts by being gifted with occasional Bitcoin.

While the miners keep the chain of blocks secure, counterfeiting should not be a problem.

.