Latest Global Business News

Interview with Bitcoin.com CEO Roger Ver

 
The debate continues on virtual currencies. The potential for it to accelerate technological innovation through peer-to-peer payment systems... is undeniable.
 
To get a glimpse of the possible future of cryptocurrencies, past the slew of challenges, our Kim Hyesung sat down with the CEO and founder of Bitcoin-dot-com.
 
CEO of Bitcoin.com, Roger Ver, was one of the earliest investors in bitcoin and related startups, even earning himself the nickname "Bitcoin Jesus" as a vocal advocate of the world's number one digital currency.
 
  "Thanks to the internet, anybody in the world could communicate with anyone else, anywhere in the world. Now, thanks to the invention of Bitcoin and cryptocurrencies in general, now anyone, anywhere in the world can transact financially with anyone else anywhere in the world.  They don't need permission from a bank or a company or a government to do so. So it's a very interesting time to be  involved in this."
The price of Bitcoin exploded last year,... flying well past ten-thousand U.S. dollars.
 
But prices fell sharply early this year, ushering in a bear season that saw Bitcoin post its worst ever first-quarter performance.
 
  Q. Some critics say Bitcoin will collapse or is a bubble ready to burst? What's your take on that?
 
  I think it's just a temporary market correction. It's hard to be disappointed by the price here, considering it's up several times from what it was last year at this time.  You should look at cryptocurrency as the most useful in commerce. Those are the ones that will perform the best over time in terms of price appreciation against the dollar or the won.
 
It's not just price volatility, there are also concerns over a lack of safeguards as well as the hacking of cryptocurrency exchanges and digital wallets.
 
  Q. Some argue that for virtual currency to be traded safely and go mainstream, there need to be some kind of regulations. What kind of regulatory measures should be taken, if any?
 
   I'll give the practical answer, which is that businessmen need to know what the rules of the game are going to be   so they can run their businesses accordingly, and grow their businesses and expand to help customers around the world. In as far as consumer protection, that's the business's job.  
I think I'm really really skeptical that politicians are going to know better  how to keep cryptocurrency safe than businessmen and users who are actually using the cryptocurrencies."
 
Cryptocurrencies are transacted peer-to-peer through a decentralized system backed by blockchain technology.
 But while it's used in the real world by millions of law-abiding citizens, there are mounting concerns over its potential misuse for illegal activities, like money laundering or funding terrorism.
 
interview with bitcoin ceo
 
 Governments have started to weigh in...debating Bitcoin's legal status, how to run exchanges, initial coin offerings, the issue of taxation and so on....and it even became one of the key themes at this year's G20 summit.
 
  In uncharted waters, the cryptocurrency community is also discussing the industry's direction.
At the Deconomy 2018 forum in Seoul, companies like Bitcoin.com, Ethereum, and others insisted that while other things remain unclear right now, technological advances in software, mining and multi-signature wallets are needed to enhance security and cost-effectiveness.
 
  "There is a long, long ways to go when it comes to cryptocurrency. It's still a little bit difficult, a little bit hard, there's a lot to learn, so there's huge amount of room for improvement."
 

Add comment

Names are unique; get yours today with a comment!

Security code
Refresh

La Business

IMF says China should keep exchange rate flexible as trade war intensifies
IMF says China should keep exchange rate flexible as trade war intensifies

  The International Monetary Fund says China should keep its exchange rate f [ ... ]

Read more la
Trump labels China as 'currency manipulator,' as yuan drops to historic lows
Trump labels China as 'currency manipulator,' as yuan drops to historic lows

  U.S. President Donald Trump has lashed out against China for manipulating it [ ... ]

Read more la
Japan considered undeveloped in AI, says SoftBank CEO
Japan considered undeveloped in AI, says SoftBank CEO

  One of Japan's top businessmen says his 90-billion U.S. dollar venture fu [ ... ]

Read more la
Bill Gates' wife Melinda Gates: Trump 'isn't being true' to American values
Bill Gates' wife Melinda Gates: Trump 'isn't being true' to American values

  Melinda Gates has accused US President Donald Trump of not being "true" to Ame [ ... ]

Read more la
Coffee sales in 2019 projected to reach US$5.8 bil. or 300 cups per person
Coffee sales in 2019 projected to reach US$5.8 bil. or 300 cups per person

  A report by the Hyundai Research Institute projects the local coffee industry's  [ ... ]

Read more la
Deutsche Bank to cut 18,000 jobs worldwide in radical restructuring
Deutsche Bank to cut 18,000 jobs worldwide in radical restructuring

  Deutsche Bank has announced a plan to cut 18-thousand jobs by 2022 to boost  [ ... ]

Read more la
Huawei denies conducting research for Chinese military
Huawei denies conducting research for Chinese military

  Huawei's top legal officer claims the company does not customize products no [ ... ]

Read more la
FedEx sues US Commerce Department over export controls in Huawei dispute
FedEx sues US Commerce Department over export controls in Huawei dispute

  Global delivery firm FedEx has a 'special delivery' for the U.S. government. [ ... ]

Read more la
Fed keeps benchmark interest rate unchanged, but signals rate cuts in future
Fed keeps benchmark interest rate unchanged, but signals rate cuts in future

  The U.S. Federal Reserve has kept interest rates unchanged,... but hinted  [ ... ]

Read more la
Huawei signs deal with Russian telecoms firm to develop 5G
Huawei signs deal with Russian telecoms firm to develop 5G

  China's Huawei has signed a deal with Russian telecoms firm MTS to develop 5G  [ ... ]

Read more la
Mastercard drops Neymar from campaign amid rape allegation
Mastercard drops Neymar from campaign amid rape allegation

  Mastercard has canceled a planned advertising campaign featuring Brazilian s [ ... ]

Read more la
World Bank downgrades 2019 global economic outlook to 2.6%
World Bank downgrades 2019 global economic outlook to 2.6%

  The World Bank has downgraded its global economic outlook for this year to two [ ... ]

Read more la
Fed Chairman Jerome Powell hints at possible rate cut if necessary, citing trade war with China
Fed Chairman Jerome Powell hints at possible rate cut if necessary, citing trade war with China

  The head of the U.S. Federal Reserve has hinted at a possible interest rate  [ ... ]

Read more la
Generation Z seeks fun and relies on influencers when shopping
Generation Z seeks fun and relies on influencers when shopping

  It appears those born in the mid-90s or later - have unique shopping habits... [ ... ]

Read more la
China's Huawei holds world's No. 2 smartphone spot in Q1: Report
China's Huawei holds world's No. 2 smartphone spot in Q1: Report

  China's telecom company Huawei maintained its spot as the world's second-l [ ... ]

Read more la
Fiat Chrysler proposes merger with Renault
Fiat Chrysler proposes merger with Renault

  Italian-American automaker Fiat Chrysler proposed joining forces with French [ ... ]

Read more la

Our Sponsors


La Latest

Radioactive water may be discharged from Fukushima plant into Pacific Ocean

  South Korea has vowed to actively seek ways to deal with Japan's planned disch [ ... ]

Read more la
Hong Kong International Airport resumes flights after 2 days of mass disruption

  The chaotic protests at Hong Kong International Airport over the past couple o [ ... ]

Read more la
Hong Kong International Airport cancels all flights as protests continue on Monday

  More than 100 flights have been cancelled at Hong Kong International A [ ... ]

Read more la
Ostrich runs through streets of China after being spooked by visitors

  It was like something out of the "Fast and Furious,... but instead of Th [ ... ]

Read more la
IMF says China should keep exchange rate flexible as trade war intensifies

  The International Monetary Fund says China should keep its exchange rate f [ ... ]

Read more la
Typhoon Lekima leaves at least 28 dead in China, expected to drench Jeju Island

  With Typhoon Lekima moving closer to the Korean Peninsula,... a heavy  [ ... ]

Read more la
Best summer fruits to add to your diet to stay healthy

Our Choi Si-young tells us some ways we can stay healthy and avoid heat-related illnes [ ... ]

Read more la
Serbia grants citizenship to Thailand's fugitive ex-PM Yingluck Shinawatra

  Serbia has granted citizenship to former Thai Prime Minister Yingluck Shinaw [ ... ]

Read more la

La Entertain

Jing Boran falls from 5m stage while filming The Climbers; Jackie Chan co-stars

On 12 Aug 2019, Jing Boran was filming on the set of "The Climbers"《攀登者》on a 5m high stage [ ... ]

Read more la
Irene Chen Ailing shows off seductive pregnancy curves of son with husband Alex; talks about miscarriage

Irene Chen Ai Ling shares seductive pregnancy curves with husband Alex; talks about miscarriage. &n [ ... ]

Read more la
BTS to take 'extended' break for the first time since debut

  K-pop sensation BTS are taking a break from all performances following a sle [ ... ]

Read more la
Jennifer Tse's undercover husband Mark unveiled for benefit of daughter little Ting Ting

On 8 Aug 2019, Jennifer Tse Tingting shares with us with a very very strong hint that the father to  [ ... ]

Read more la
Yao Yao shares 32E hourglass figure for birthday by the beach

9 Aug 2019 - Taiwanese celebrity Yao Yao recently celebrated her 29th birthday with her family and f [ ... ]

Read more la
Beatles fans mark 50 years since iconic Abbey Road photo

  Today marks the 50th anniversary of the Beatles' famous walk across Abbey Ro [ ... ]

Read more la
Liu Yifei stars as Mulan, first 4K pictures preview

28 July 2019 - Liu Yifei Crystal stars in Disney's upcoming remake of Mulan, an adaptation of Chines [ ... ]

Read more la
Yau Chingmy's daughter Shum Yuet shows off snow white legs for Le Bal des Debutantes

28 July 2019 - Retired Hong Kong actress Yau Chingmy (51) has three daughters with husband Sham Kar  [ ... ]

Read more la