Top Bosses Of The Crypto World Boycott Bitcoin SV

By Rishma Banerjee

Morgan Creek Digital co-founder Anthony Pompliano has joined Binance CEO Changpeng Zhao in their condemnation of alternative crypto project Bitcoin SV (BSV). Pompliano has even called upon all exchanges to delist BSV on 1 May 2019 to protest their founders’ claims that BSV is the “real Bitcoin”.

BSV is a cryptocurrency introduced a little bit prior to the Bitcoin Cash hard fork in August 2018. On November 15th, the blockchain has officially split into two competing coins – Bitcoin ABC (Adjustable Blocksize Cap) and Bitcoin SV (Satoshi Vision). The latter aims to bring back the values and technology of the original Bitcoin – decentralisation, using crypto solemnly as a payment and trade method and elevating the capacity of the network.

However, BSV is not sitting well with most of the top actors in the cryptospace. Pompliano went to the extent of posting a series of Tweets yesterday, asking all crypto users and exchanges to show their solidarity with Bitcoin as the “only Bitcoin that ever mattered”:

Zhao also has put his support behind the movement and had taken to Twitter too, to make his displeasure known.

Craig Wright and Calvin Ayre, the figures behind BSV, have been time and again insisting that their project, which forked from Bitcoin Cash (itself a fork of Bitcoin) follows the original principles of Bitcoin; hence the name “Satoshi’s Vision” in BSV.

Wright has been the cause of much controversy in the past, as he had claimed by claiming that he was himself Satoshi Nakamoto, a claim that has been thoroughly refuted.

In the eye of the storm is now deleted user Hodlonaut, who had called  Wright and BSV as a fraud on several occasions, after gaining fame for creating the Lightning Torch Bitcoin transaction relay with Bitcoin’s Lightning Network. Things took a bad turn when Ayre offered a bounty of 70 BSV (currently under USD 5,000) to successful “doxing” (a process to reveal the identity of someone anonymous) of Hodlonaut.

Apparently, cryptocurrency supporters have joined hands to launch a legal fund for Holdonaut, if BSV chooses to pursue litigation. The fund has already reached almost 75% of its USD 20,000 goal at press time.