Jihan Wu, the billionaire co-founder of Bitmain, a cryptocurrency conglomerate valued at $15 billion, has said that the Bitcoin Cash community is working together to kick Craig Steven Wright out of the community.
“The whole BCH community are working together to kick Fake Satoshi out. The resistance against cult leader proves the inner strength and sophistication of the BCH ecosystem.”
The statement of Wu comes after CSW threatened Roger Ver and Bitcoin Cash miners, controversially claiming that he is Satoshi Nakamoto, the creator of Bitcoin.
“I will ensure that ANY miner passing DSV can be held liable (under the law of the UK, China and US, they can be) The end will be a drop in value for those using DSV And, I will help ensure those who lose claim against this act. The developers in ABC will be able to be held personally liable. Oh… I do have a Masters in Law on just this area,” CSW said.
Conflict Between Bitcoin Cash and CSW
CSW, CoinGeek, and Calvin Ayre, a billionaire casino mogul, have created a camp to force a blockchain split on November 15, the day when the Bitcoin Cash network updates its protocol.
The group led by CSW has created a Bitcoin Cash implementation called Bitcoin SV and plans to activate the competing proposal on November 15 as the Bitcoin Cash protocol forks.
Major cryptocurrency exchanges including Coinbase, which publicly expressed support for the roadmap set forth by ABC and bitcoincash.org, told investors that the hard fork will cause instability on the network and will stop operating Bitcoin Cash wallets for a short period of time.
“We will monitor the Bitcoin Cash network during the upgrade. Coinbase cannot predict the duration of this upgrade process. When the upgrade is complete, we will evaluate the network and take appropriate next steps, including re-enabling sends and receives.”
In an email sent to Roger Ver, CSW threatened to intentionally hold the network hostage, stating, “if you want a war, I will do 2 years of no trade. Nothing. In the war, no coin can trade.”
In response, Ver stated that CSW seems to lack technical knowledge to back up his identity,” as CCN.com reported.
“Some things Craig says, I think are really spot on, but other things, he has no clue what he’s talking about. It seems strange to have Craig refuse to engage in any sort of technical debate there, and my suspicion at this point is that he can’t. And I’ve seen a bunch of things happen that make me skeptical — very, very, deeply skeptical.”
Current State of Bitcoin Cash
Subsequent to the November 15 hard fork, the majority of investors, developers, and miners remain confident that the current version of Bitcoin Cash and the roadmap set forth by ABC will remain as BCH.
“There is not a single exchange that will reward BSV with the BCH ticker symbol for successfully 51% attacking BCH. That’s not how it works. Ticker symbols aren’t given out like spoils of a war. BSV will forever be BSV regardless of what they do to BCH,” Chris Pacia, a backend developer for Open Bazaar, stated.
However, it remains uncertain whether the outcome of the fork will positively benefit any side. On Poloniex, the combined value of Bitcoin Cash and SV remains lower than the current price of BCH.
Featured Image from nChain/YouTube
Last modified: March 4, 2021 3:10 PM