Bitcoin processing OpenNode rejected $ 1.25 million investment from Roger Vera

The developers of the OpenNode processing service rejected an investment proposal of $ 1.25 million, made to them at the end of last year by one of the main ideologists of Bitcoin Cash, Roger Vere.

This is stated in the startup entries on Twitter. At the same time, the project's CEO, Rui Gomes, added that no money will force OpenNode to serve “low-grade money.”

No amount of money will make us service inferior money. https://t.co/unBoSX2zpZ

– Rui Gomes (@ruigomeseu) December 30, 2018

“Thank you for the offer of $ 1.25 million, Roger, but we reject it. Our vision of better and more open financial systems is possible [to implement] only with Bitcoin, ”the OpenNode record says.

The project was founded in April 2018 by a group of developers of Bitcoin and Lightning Network protocol and aims to make the use of the first cryptocurrency more simple.

In December 2018, OpenNode announced the completion of a seed investment round, in which it attracted the same amount (1.25 million) from the well-known venture capitalist Tim Draper and Draper Associates.

Roger Ver made his investment proposal in a video where he talks about the challenges of scaling up the Lightning Network.

In particular, he analyzed the development of LN from the point of view of Moore’s law, stating that the current pace of Bitcoin development means that it will take at least 200 years to truly adopt technology. At the same time, Bitcoin Cash, says Ver, can cope with this task for 50 years.

“With a block size limit of 1-4 MB, Bitcoin will not be able to become a global currency in a reasonable time. Relying on Moore's law, even with the signatures of Schnorr, Bitcoin will take much more time than Bitcoin Cash will do, ”Ver said.

Adding that he does not claim any share in the startup, Ver also expressed his desire for OpenNode to start servicing Bitcoin Cash. Having been refused, Ver called the position of the developers a "tribal worldview."

"Only possible with Bitcoin."
That's tribalism, not thoughtfulness. https://t.co/CvLWewxEZt

– Roger Ver (@rogerkver) December 30, 2018

We also note that a number of supporters of Bitcoin criticized Vera not only for the not entirely correct mathematical analysis of the prospects for scaling Bitcoin Cash, but also for the fact that in his statements he relies on the assumption that the size of a Bitcoin block will never change.

Because @rogerkver 's math stinks. You can join the BTC transaction for the BTC transaction. Also, he uses 1.5 for Moore's Law, then changes it to 1.6.

– CryptoTesla (@ Sisko86) December 30, 2018

… "Have these people never heard of Moore's Law?". On the top of this? We’ve seen the last decade

– CryptoTesla (@ Sisko86) December 30, 2018

Recall that in December, United American Corp., a technology company, sued Bitmain, the Kraken exchange, Bitcoin.com portal, Roger Vera and others involved in a “well-planned scheme to seize control of the Bitcoin Cash network”.

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