Media hype around the letter of Mike Hearn caused some panic in the bitcoin community. But Roger Ver thinks that the panic provides good opportunity for buying bitcoin.

In an interview to The Dollar Vigilante, bitcoin venture investor Roger Ver declared that the cryptocurrency is far from being in crisis. According to Ver, Mike Hearn is simply wrong.

“I like Mike, he is a very smart guy, but he is wrong. He is wrong to the same degree as anybody else who is saying that bitcoin is bad and bitcoins is wrong.”

Roger Ver suggests the new crisis must be perceived as a good time to buy bitcoins cheap. “I think this is another buying opportunity. Bitcoin is having some problems, it’s getting a bit hot,” admitted he.

Roger Ver suggests the new crisis must be perceived as a good time to buy bitcoins cheap. “I think this is another buying opportunity. Bitcoin is having some problems, it’s getting a bit hot,” admitted he.

Talking about the future of blockchain and the block size limitation, Roger Ver noted that the debate is already nearly resolved. “It seems pretty clear that the main players stick around 2 MB blocksize,” said the entrepreneur.Being asked about the price of bitcoin transaction (the matter of Mike Hearn’s complaint in his public letter), Roger Ver denounced the argument as invalid. “It’s around 4 cents per transaction now. It’s much cheaper than PayPal or wire transfer,” he pointed out.

Being asked about the price of bitcoin transaction (the matter of Mike Hearn’s complaint in his public letter), Roger Ver denounced the argument as invalid. “It’s around 4 cents per transaction now. It’s much cheaper than PayPal or wire transfer,” he pointed out.

The growth of blockchain adoption caused heated debates inside bitcoin community. Two developers - Mike Hearn and Gevin Andreesen - developed the new principle of sizing bitcoin blocks called Bitcoin XT. Despite the endorsement of Bitcoin XT by eight industry leaders including BitPay, Blockchain.info and Circle, it was never accepted by sufficient number of mining pools. By January 2016 the failure of Bitcoin XT became evident, causing Mike Hearn to exit from bitcoin and declare that bitcoin itself was “a failed experiment”.