Crypto billionaire and the founder of Bitmain, Jihan Wu, recently stated that the Bitcoin Cash (BCH) community is currently working to kick Craig Steven Wright from the BCH community.
Craig Wright is famous for making claims that he is the real Satoshi Nakamoto. But he has always failed on providing solid evidence to back up his claims.
The Drama
The rage against CSW happened after a fight with Roger Ver and other BCH miners. He made controversial claims on being Satoshi and threatened BCH project saying:
“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…”
Reflecting the sentiments of the community, Wu stated that:
“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.”
Most people do not believe CSW’s claims that he is the real Satoshi. He has also been accused of being a “Faketoshi” and a “Blockstream spy”.
The Threat and Response
Craig sent an email to Roger Ver, the CEO of Bitcoin.com, stating, “Bitcoin will die before ABC shits on it”. He also said, “… they will see it trading at 0 for a few hours. He threatened Ver that if he sides with ABC, he hates Bitcoin and will be his enemy. “I AM Satoshi”, he made the affirmation.
He also threatened to 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 to his threats, Ver said that Craig lacks the knowledge to back the claim that he is Satoshi. In his own words:
“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.”
The Two Sides and the War
The war between Bitcoin Cash ABC and Bitcoin Cash SV (Satoshi Vision) is getting intense. Siding with ABC we have Jihan Wu and Bitmain. SV has Craig, Coingeek, and Calvin Ayre have created the Bitcoin Cash implementation called Bitcoin SV and plan to activate the competing proposal on November 15 as the Bitcoin Cash protocol forks. It isn’t clear what the aftermath of the war will be, but exchanges like Coinbase are already taking measures to save investors from getting trapped in a pit.
The largest crypto exchange in U.S., Coinbase will stop operating Bitcoin Cash wallets for a short duration of time as the hard fork may cause instability in the network. They have also expressed their support for the roadmap set forth by ABC and bitcoincash.org. They said:
“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.”
SV does not seem to have the support it requires to set itself as the dominant chain post fork. ABC will probably continue as the dominant chain and remain the one true BCH. It appears like BSV will lose the BCH ticker symbol.
But like every other hard fork, what is certain is the division in community support. This will only make Bitcoin Cash lose more ground as their power combined will be lower than Bitcoin Core. What lies ahead for Bitcoin Cash will be known soon on November 15.
