Roger Ver Claims His Bitcoin Transaction Fees Totaled $1,000 at Times

Bitcoin Cash (BCH) proponent, Roger Ver, claims he paid thousands of dollars in Bitcoin (BTC) fees on multiple occasions.

"I paid a thousand dollars in fees for a single transaction on the Bitcoin network, more times than I can count," Ver said in a video posted by Bitcoin Meme Hub on Twitter.

Bitcoin forked in 2017, causing a difference in fees and speed

Bitcoin's chain split into Bitcoin Core and Bitcoin Cash in 2017, dividing a chunk of the community after disagreements over the asset.

Proponents of big blocks wanted faster transactions at lower cost. Those folks veered off with the BCH side of the fork. Bitcoin Core advocates wanted to keep a lower block size, partly to help BTC remain decentralized.

The Bitcoin Cash community saw even further divide in 2018, when BCH itself split into Bitcoin Cash and Bitcoin Satoshi's Vision (BSV).

Roger Ver often argues the transaction fee angle

A well-known name in the crypto industry, Roger Ver has argued the point of fees and usability many times, often lobbying that BTC is too slow, expensive, and unable to scale.

On April 7, Reddit user, Braclayrab, posted that, "If everyone on BTC wanted to move their coins, it would take 165 days."

"That's almost six months," Ver said in an April 9 video response to the Reddit post. "Does that not seem crazy to anyone else."

Users saw similar difficulties near the peak of Bitcoin's $20,000 bull run in 2017 and early 2018, when transactions stalled amid soaring fees. Ver has often riffed on the concept of Bitcoin Core being a slow and expensive network, pointing toward BCH as an alternative.

In contrast, BTC proponents, such as programmer Jimmy Song, often mention the other side of the table, in keeping BTC decentralized through smaller blocks.

Bitcoin Cash recently completed its halving roughly one month before Bitcoin's scheduled May halving event.

Share: Cryptos feed

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.