bitcoin SV (Satoshi Vision) unveiled its new logo on the of bitcoin. Perhaps not surprisingly, BSV’s “new” logo looks suspiciously similar to that of bitcoin — the original cryptocurrency.
The pro-BSV bComm Association proudly trumpeted the announcement in a :
“The BSV logo is revealed on the 10th anniversary of the Crypto genesis block, to mark Crypto SV as rebirth of the original Crypto.”
NChain’s Jimmy Nguyen, the president of the bComm Association, said the BSV logo was selected after conducting three Twitter polls.
“After too many years of wasteful diversions from the Satoshi Vision, we can now finally celebrate Crypto’s rebirth – unchained from experimental whims of developer teams who veered away from Satoshi’s original plan,” Nguyen said.
Cheap Imitation Knockoff
The new logo was promptly mocked by many on social media, who called it a “cheap imitation knockoff” of the original bitcoin.
Bravo, but has hints of cheap imitation knock off to it. I wonder why.
— KingOfAllShitcoins (@JinglesBTC)
Wow. Amazing designer. I would never have got this idea.
— 𝙈𝙞𝙨𝙩𝙚𝙧𝙘𝙝0𝙘 (@MisterCh0c)
Another remarked:
Wow! That's awesome! What's that color? Yellow!? Radical! Looks almost nothing like anything we've ever seen before! Wait…
— etherbalance (@etherbalance)
It's CryptoCashsv!! Quit calling it Crypto and trying to scam people!!
— CryptoefiL (@cryptoefil)
The uncanny similarities between Crypto SV’s logo and Crypto’s is reminiscent of the controversy that erupted when bitcoin.com CEO Roger Ver was by a group of crypto enthusiasts in April 2018.
The group claimed that Ver intentionally misled novice investors by exploiting their confusion between bitcoin and Crypto Cash, which forked off the original cryptocurrency in August 2017.
Critics: Ver Committed ‘Consumer Fraud’
Ver — a polarizing figure who has been dubbed both “bitcoin Jesus” and “bitcoin Judas” — previously backed the original bitcoin, but later became an advocate of its derivative, Crypto Cash.
Ver is now a backer of Crypto ABC (Adjustable Blocksize Cap), which Crypto Cash in November 2018.
Ver has been accused of deliberately misusing the “bitcoin” name on his website Crypto.com — a hub that sells bitcoin and bitcoin cash — to con gullible investors into buying the wrong bitcoin.
In February 2018, attorney Misha Guttentag urged crypto exchange Coinbase to stop selling Crypto Cash, saying its then-backer, Roger Ver, was a scam artist committing “consumer fraud.”
“bitcoin Cash (BCH) is marketing itself as Crypto (BTC), scamming consumers into thinking they are buying Crypto at a lower price,” Guttentag wrote at .
Its backers use at least three sites to perpetuate this scam—bitcoin.com, Reddit (r/BTC) and Twitter (@bitcoin). Crypto Cash (BCH) is purposely misleading consumers into thinking they’re getting Crypto.
Guttentag buttressed his argument by pointing out that Crypto Cash’s logo looks nearly identical to bitcoin’s.
“Think consumers are going to have an easy time telling the difference?” he asked.
Hard Fork Splits Crypto Cash Community
As CCN reported, a crypto civil war erupted in November 2018 when Crypto Cash (BCH) underwent its contentious fork. The fork resulted in feuding Crypto Cash camps:
- bitcoin SV (Satoshi’s Vision): This group is backed by Australian entrepreneur Craig Wright and , the owner of CoinGeek, the largest Crypto Cash mining pool.
- bitcoin ABC (Adjustable Blocksize Cap): This camp adheres to the “official” Crypto Cash road map, which is supported by most node operators, and is endorsed by Crypto Cash proponent and Jihan Wu, co-founder of Crypto mining giant Bitmain.
bitcoin SV proponent Calvin Ayre claims that SV is the “real bitcoin,” while the original cryptocurrency — which preceded Crypto SV — is an impostor.
Fellow Crypto SV advocate, Craig Wright, agreed. “[BTC] is a sham bitcoin,” Wright told . “SV is what bitcoin was, and is the only way it works.”
Calvin Ayre: Crypto Price Will Plunge to Zero
Calvin Ayre also raised eyebrows after insisting that the bitcoin price in 2019 because it’s worthless.
Ayre further claimed that bitcoin’s price is being artificially deflated right now in order to eradicate it. He did not explain who’s trying to stamp bitcoin out of existence or why.
I am predicting it to go to zero value, as it has no utility. It does not do anything, and they intentionally are anti-scaling.
bitcoin Price Will Crash to Zero Says Crypto Cash Founder Calvin Ayre
— CCN.com (@CryptoCoinsNews)
Published at Fri, 04 Jan 2019 11:42:17 +0000
![Bitcoin [btc]: number of btc hodlers increase as $34 million worth btc transferred in block 566927](https://ohiobitcoin.com/storage/2019/03/Hackeroon.png "Bitcoin [btc]: number of btc hodlers increase as $34 million worth btc transferred in block 566927")
