They tried not to swing the boat.
But that's exactly what happened when two Bitcoin "celebrities" went head-to-head in front of dozens of spectators at the CoinsBank Blockchain Cruise.
The four-day event took place from 7th to 11th September, transporting fans of cryptocurrencies around Barcelona, Monaco and Ibiza among great industry figures such as John McAfee, the Antivirus inventor turned cryptocurrency lawyer.
Bitcoin developer Jimmy Song and Bitcoin.com CEO Roger Ver, "Bitcoin Jesus" of the AKA, were supposed to discuss Bitcoin's merits against Bitcoin Cash, but in a few minutes the event is went south.
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developer Bitcoin Jimmy Song and Roger Ver, AKA & # 39; Bitcoin Jesus, "had to discuss the merits of Bitcoin against Bitcoin Cash , but in a few minutes, the event went south
In a 40-minute debate recording, a cowboy-clad song climbs onto the stage behind a poolside podium, in front of an audience of men and women wearing swimwear.
Song, who was there to discuss on behalf of Bitcoin, proposed a "Lincoln-Douglas-style debate" – a one-to-one debate inspired by those held by Abraham Lincoln and Stephen A. Douglas.
However, within 20 seconds of his speech, it was clear that it would not happen.
The song claimed that Ver, who was arguing on behalf of Bitcoin Cash, was trying to interrupt him.
"This is what Roger does. You can sit down please," Song can be heard screaming on stage.
& # 39; … There are no interruptions or things like that, like [Ver] I just tried it … We'll keep it civilized.
– I want to keep it at a high level, I think it's too much Jerry Springer and not quite the Supreme Court, "added Song.
It is not surprising that souls have intensified so easily, given that Bitcoin and Bitcoin Cash fans are notoriously divided.
Last August, Bitcoin, a type of digital currency, was forced by users to split it into two, also known as fork difficult. Some users believed Bitcoin needed to split it in half due to its slow transaction speeds.
The hard fork led to the creation of Bitcoin Cash, which has received mixed support since its launch.
Some Bitcoin Cash advocates, such as Ver, prefer digital currency because of comparatively lower transaction fees, faster transaction rates and ability to scale with the growing user base.
On the other hand, the tough Bitcoins believe it is a more stable cryptocurrency and belie the claims of Bitcoin Cash that claim to be plagued by slow transactions and high fees.
Song (left) and Ver (right) started to discuss a few minutes after the debate began. Unsurprisingly, the stimuli ignite since Bitcoin and Bitcoin Cash fans are notoriously divided
Ver and Song collided almost immediately after the debate began over who was authorized to speak first. The video continues for about 35 minutes after the heated exchange has been vanquished
So it was these different points of view that almost guaranteed that the debate would crash and burn.
Members of the public started shouting at Ver, tell him to relax.
"Do you want to argue with me or not? Just sit down," Song said.
While Ver angled to grab Song's microphone, saying it was due for an introduction, a man from the audience brought an extra microphone on stage.
This was however for Song, who promptly left the stage in a gesture of anger and said he would not discuss Ver.
A shirtless man wearing a striped swimsuit stifled Ver's speech about stage with some imperceptible screams.
"If anyone tries to ambush someone, it's Jimmy," argued Ver.
Last August, Bitcoin was forced by users to split it into two, also known as fork difficult, largely due to the slowness of the transactions. This led to the creation of Bitcoin Cash
"That's exactly why nobody likes to discuss Roger because he does such things," Song exclaimed.
"If you try to interrupt it again, I will go out of the box, I will never discuss it again.
The video continues for another 35 minutes and shows a serious debate between the two men.
However, it was not without a little more than names, since Ver referred to the first point of Song as "absurdity" and to the couple they got a deal on what books they would read, according to Coin Insider. [19659050] Bitcoin, the standard bearer of digital money, also saw a 70% decline from its all-time high of nearly £ 15,000 ($ 20,000) .In the end of June, the price of Bitcoin fell below the $ 6,000 threshold for the first time since the beginning of November last year, and it has barely recovered ” class=”blkBorder img-share” />
Even Bitcoin, the standard bearer of digital money, has seen a 70% decline from its maximum record of nearly £ 15,000 ($ 20,000). At the end of June, the price of Bitcoin fell below the threshold of $ 6,000 for the first time since the beginning of November last year, and it has barely recovered
The event comes soon after a new report from the MVIS CryptoCompare Digital Assets 10 index, based in Frankfurt, which monitored the collapse of digital currencies from January highs to a recent decline in the value of 80%.
The losses were driven by Ether, the second largest virtual currency after Bitcoin.
Some even compared the fall of digital currencies to when the Dot-Com bubble burst 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 defined as "cryptocurrency".
It is the Internet version of money – a single piece of digital property that can be transferred from one person to another.
Bitcoins are generated using 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 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 blockchains.
The blockchain is operated by a distributed network of computers all over the world.
Because Bitcoins allow people to exchange money without involving third parties, they have become popular among libertarians as well as technophiles, speculators and criminals
Where do they come from? i bitcoin
People create Bitcoins through extraction.
Mining is the process of solving complex math problems using Bitcoin software computers running.
These mining puzzles become increasingly difficult when other Bitcoins come into circulation.
Prizes are halved at regular intervals due to a deliberate slowdown in the speed with which the new Bitcoins come into circulation.
Who is behind the currency?
Bitcoin was launched in 2009 by a person or group of people working under the name of Satoshi Nakamoto and then adopted by a small fistful of fans
Nakamoto left the map when Bitcoin began to attract widespread attention, but supporters say it does not matter: the currency obeys its 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 cryptocurrency.
What is a bitcoin worth?
Like any other currency, Bitcoins are worth as much as you and your counterpart want them to be.
Bitcoins are lines of computer code that are digitally signed each time they travel from one owner to another. Physical coin used as an illustration
In its early days, the repeaters exchanged Bitcoins back and forth for minor favors or simply as a game.
A website even gave them away for free.
With the maturation of the market, the value of each Bitcoin grew.
Currency is widely used
This is debatable.
Activities ranging from the WordPress blogging platform to the Overstock retailer have climbed onto the Bitcoin bandwagon amid a burst of media coverage, but it is unclear whether the currency has really taken off.
On the one hand, Bitcoin BitPay main payment processor works with over 20,000 companies – about five times more than last year.
On the other hand, the total number of Bitcoin transactions remained approximately constant between 60,000 and 70,000 a day over the same period, according to the Bitcoin portfolio site blockchain.info.
Is bitcoin particularly vulnerable to counterfeiting?
The Bitcoin network works by exploiting the greed of individuals for the collective good.
A network of expert technology users called miners keeps the system honest by pouring its computing power into a blockchain, a global count of all bitcoin transactions.
The blockchain prevents thieves from spending the same bitcoin twice, and the miners are rewarded for their efforts by being equipped with the occasional bitcoin.
As long as miners maintain secure blockchain, counterfeiting should not be a problem.
