Leading figures in the industry have called to boycott , a project created by Dr. Craig S Wright.
Crypto celebrities, including Morgan Creek’s co-founder and celebrated activist Charlie Shrem, requested exchanges to delist SV’s native BSV. In his tweet published April 13, Shrem called SV a “scam,” and Dr. Wright “scammer,” hinting that the project deserved to die.
“I’m surprised BSV is even listed anywhere. It’s an obvious scam controlled by an obvious scammer,” Mr. Shrem said. “It goes against the reason we are here in the first place. Delist BSV from all exchanges and let it die. . Long live .”
In surprised BSV is even listed anywhere. It’s an obvious scam controlled by an obvious scammer. It goes against the reason we are here in the first place. Delist BSV from all exchanges and let it die. . Long live
— Charlie Shrem (@CharlieShrem)
In another tweet published the same day, Mr. Pompliano shared a similar anti-BSV sentiment. The crypto commentator asked exchanges to show solidarity with the community and delist BSV on May 1.
“This community is the responsibility of the people. Sometimes we must do the hard thing, not because it is easy, but because it is right,” added Mr. Pompliano.
Every exchange should delist BSV simultaneously on May 1st in a sign of solidarity behind the only that ever mattered.
This community is the responsibility of the people. Sometimes we must do the hard thing, not because it is easy, but because it is right.
— Pomp 🌪 (@APompliano)
Bulk Lawsuits
The demand followed Dr. Wright’s threat to sue an independent developer for writing against his claims about being Satoshi Nakamoto, the ’s anonymous creator.
SCA ONTIER LLP, the law firm representing Dr. Wright, sent a legal letter to Twitterati HODLONAUT, demanding that he retracts his statements and apologize to their client. The letter further accused HODLONAUT of representing Cash, SV’s outward rival.
A similar letter was sent to What Did podcaster Peter McCormack who called Dr. Wright and his staunch supporter Calvin Ayre frauds.
“I believe that claiming to be Satoshi and promoting a fake version of is fraudulent. I believe this is in the public interest,” said Mr. McCormack. “Let’s go to court.”
1/ So I got my letter from Craig Wright and . This is what they are sending out to people, now you can all see.
I absolutely reject their requirements.
(PS I don’t recommend anyone else does this).
— Peter McCormack (@PeterMcCormack)
Things turned serious for SV when CoinGeek, the crypto blog supervised by Mr. Ayre, a BSV-enabled reward worth $5,000 for anyone who discloses HODLONAUT’s true identity. In a tweet made yesterday, CEO Changpeng Zhao threatened to delist BSV pairs from its global exchange. The clear message sparked a community movement to abandon BSV as a whole.
BSV Price Falling
The anti- SV sentiment could soon start reflecting on its market. While the BSV/USD instrument is merely tailing the overall crypto market trend – a bearish correction – its likelihood of extending its medium-term bullish momentum can be less.
SV (BSV/USD) in Bearish Correction
Since the lawsuit fiasco began, the BSV/USD instrument dropped by as much as 18.25 percent. The pair is now testing support at its 50-DAY moving average curve. A breakout towards the downside would make it rather difficult for it to make a return. And if all the exchanges ended up delisting BSV, there is a high probability that the will breakdown.
Published at Sat, 13 Apr 2019 11:53:59 +0000
