Bitcoin SV [BSV]’s Craig Wright: I am going to ask Visa to move to Bitcoin

The world of cryptocurrencies is undergoing what is popularly called the ‘crypto-winter’. This event has also resulted in a lot of famous personalities involved in the space making predictions about the market. In a recent interview with Crypto Finder, Craig Wright, the Chief Scientist at nChain, spoke about a future Bitcoin economy and its impact on the society.
Wright stated that the community needs to go through a commodity ledger and a commodity value has to be obtained. He said that the community needs to use and understand tokenized money and only then will it be pushed into the realm of mainstream adoption. In his words:
“Some platforms that use Bitcoin Cash have already started pushing into different boundaries. The technology also enabled us to tie cryptocurrencies with the United States dollar. The only way we are going to have an acceptable stablecoin is if the central banks issue something.”
Wright went ahead to state that in 2019, the atomic swap process will take place, an event that was postponed due to the hectic Bitcoin Cash hard fork. The computer scientist also touched upon how the atomic swap process will allow people to create exchanges and enable them to use the United States dollar on-chain. He further said:
“In the near future, I will be using Bitcoin without even knowing I am using a digital asset. People will be able to pay for Euro, Pound and can instantly change it to whichever currency they require. Users will possess a wallet that will pay for microtransactions and their invoices will be stored in the ledger.”
The Bitcoin SV proponent was also of the opinion that web pages will start accepting Bitcoin as payments and the digital asset’s value in the community will rise. Craig Wright was also frank in admitting that he will approach established banks and even “the evil credit card companies”. He elucidated:
“I will tell those banks that we can provide better settlement and ask them to switch to Bitcoin. Maybe even offer to get rid of their fraud department.”
Craig Wright has also been quite vocal about Bitcoin  SV, which at the moment is holding steady in the top-ten cryptocurrency club.
The post Bitcoin SV [BSV]’s Craig Wright: I am going to ask Visa to move to Bitcoin appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin Cash SV [BSV]’s Calvin Ayre says, “this is only the beginning of BSV’s scaling road map”

The constant highs and lows in the cryptocurrency market have diluted the faith of investors and garnered a promising response from Calvin Ayre on their loss of faith.
Ayre in his tweet acknowledged the scare of the investors and said:
“no surprise here with what BTC and ABC have done to try to kill scaling so they could run their very stupid side chain experiments.”
Ayre did not forget to brag about how scaling BSV is going to be a game changer. Ayre added:
“this year we show everyone what scaling to enterprise levels really means with Bitcoin SV.”
This is not the first time Ayre has talked about scaling. Previously, Ayre and Craig S Wright, a famous proponent of BSV,  talked about scaling BSV. Ayre was quoted in his article of CoinGeek, which stated:
“It is a superior technology, head and shoulders above any other chain, and this has been proven when we mined a 64 MB block on the BSV chain last week. No other crypto platform is even close to scaling this much, and this is only the beginning of BSV’s scaling road map.”
While Wright had posted this tweet:
Source: Twitter
Wright had added in one of his tweets that Lightning is a “dead-end” concept and that they “will be scaling Bitcoin on-chain”. Wright and Ayre have been in agreement about scaling BSV while dissing other coins, especially ABC.
Many tall promises have been made on the duo’s end when it comes to BSV’s future. However, what comes as an advice from Wright’s end is to convert all assets to a “mix of BSV, gold and Real estate”, in order to survive the “big crash coming”.
The post Bitcoin Cash SV [BSV]’s Calvin Ayre says, “this is only the beginning of BSV’s scaling road map” appeared first on AMBCrypto.
Source: AMB Crypto

Future is Brighter Than Ever for Crypto, Says Roger Ver

The outspoken CEO of Bitcoin.com believes that the future of cryptocurrencies like Bitcoin and Bitcoin Cash is bright, despite the current market sentiment, fearing that the budding financial technology has already met its demise.
Roger Ver: Based on Fundamentals, Crypto’s Long-Term Future is Bright
Roger Ver is a polarizing character in the cryptocurrency industry.
Love him or hate him, though, there’s no denying the early Bitcoin investor has helped bring cryptocurrency into the mainstream and has pushed the envelope for widespread adoption. In his latest comments, the Bitcoin.com CEO gives a positive outlook on cryptocurrencies.
While speaking to Bloomberg, Ver was questioned about the longevity of cryptocurrencies. As a self-proclaimed “fundamentals investor,” Ver believes that “long-term the future is brighter than ever,” for cryptocurrencies, adding that there’s “more awareness,” “more adoption,” and “more stuff happening all over the world.”
Related Reading: Roger Ver Hints at Launching Bitcoin Cash-Centric Exchange
Pundits like to demonize cryptocurrency for its usage in cyber crimes, for being a Ponzi scheme, or how cryptocurrency exchanges have suffered security breaches resulting in millions of dollars stolen from investors. Ver, on the other hand, claims that these things are nothing more than “bullish signals that cryptocurrency is here to stay and here for the long-term.”
“If anything I think it’s brought additional awareness to the ecosystem in the fact that such big players are involved. The fact that hackers are trying to hack it shows its worth something. If it wasn’t worth anything, it wasn’t useful, hackers wouldn’t be wasting their time trying to hack it,” Ver said justifying his comments.

“I’m incredibly bullish on the entire crypto coin ecosystem, and Bitcoin Cash specifically,” Ver explained.

Ver Wishes Bitcoin SV and Other Crypto “Good Luck”
When asked how cryptocurrencies can shed some of the stigma surrounding them, Ver suggests that influential figures and businesses in the space “need to build an economy based on actually using cryptocurrencies as currencies rather than just a bunch of speculators speculating.” Ver says that’s been Bitcoin’s goals from day one, as is the goal of Bitcoin Cash and recent rival Bitcoin SV.
While a “war” between two Bitcoin Cash factions has been waging for months – which many point to as the uncertainty that led to Bitcoin’s break of support at $6,000, sending it to new lows – Ver wished his opposing camp “good luck.”
Related Reading: Bitcoin Cash Rivals Duke It Out Ahead of Hard Fork
“I wish every cryptocurrency good luck if they’re trying to bring more economic freedom to the world by making them useful as currencies for the world,” Ver added.
Last month, Bitcoin Cash was hard forked to split and create two “camps” as Ver called them: Bitcoin ABC and Bitcoin SV. Bitcoin ABC was favored by Ver and his supporters, while Bitcoin SV – Satoshi’s Vision – was led by Craig Wright, who claims to be Satoshi Nakamoto.
Featured image from Shutterstock.
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Source: New feedNewsBTC.com

Ryan X Charles: Bitcoin Cash clique must not dismiss SV community because of their hatred towards Craig

Ryan X Charles, the Chief Executive Officer [CEO] of Money Button, and a proponent of Bitcoin Cash [BCH], provided insights to fellow cryptocurrency enthusiasts about the Bitcoin Cash split, mining, and scaling in an interview at the CoinGeek Week conference.
Charles started by talking about the split, where he mentioned that they are still on the recovery stage. However, people are optimistic, he added. Charles’ plan of action is to stick to the protocol and scale on-chain. He said:
“Scaling on chain means something you’re technically insolvent in terms of actually creating grow businesses that create real value for customers that use our actions. That’s what I see happening right now.”
Bitcoin has been going through a rough patch recently but things are looking green now. Charles mentioned how Bitcoin can solve many problems. He added:

“First of all, Bitcoin is money; it is as far as I’m concerned to solve problems. This is sound money that does scale to the entire world if we make it happen. And once you have money, you can solve every other problem related to it by using money or to put it differently, once you have Bitcoin, you can solve every problem related to Bitcoin by using it because what that means is you can make businesses that burn Bitcoin.”
Charles explained the importance of miners in the crypto world. He explained the function of miners saying that they mine and validate transactions in blocks. However, he realized that in the case of scaling all the way, miners are capable of doing a better job in just hashing and not validating the transactions at all.

He suggested the addition of validators for this part of the deal, as they don’t exist yet. According to Charles, a smart contract between the miners and validators could go a long way, as the individuals will do only one thing that they are the best at.

The crypto enthusiast also talked about scaling Bitcoin SV and proving that that one can scale on-chain by “doing giant giant blocks”.

Charles took the opportunity to acknowledge what Unwriter, a writer on Medium, had written in support of BSV and against Bitcoin Cash ABC. He said:

“I’ll just say that I completely agree with Unwriter… it’s very irritating from our point of view that we are just completely dismissed by the ABC side that you guys just think that we’re just diluted, that we’ve been won over by a con man. This is not correct; we’re not diluted, you don’t even listen to the argument so you should take Unwriter seriously.”
In closing, Charles just had a simple request for ABC’s followers; to listen to SV followers and not let their “hatred” towards Craig Wright dismiss the community and their arguments.
The post Ryan X Charles: Bitcoin Cash clique must not dismiss SV community because of their hatred towards Craig appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin SV’s Craig Wright: “I am going to use Bitcoin ABC to fertilize my garden”

The Bitcoin Cash hard fork saga has not yet stopped with multiple players involved in the chain split giving their opinions on the November 15 event. Craig Wright, the Chief Scientist at nChain and one of the proponents of the Bitcoin SV camp, spoke about the pros of the split as well as Bitcoin commodity ledger.
Speaking during the CoinGeek Week, Wright started by saying that:
“I am going to use Bitcoin ABC to fertilize my garden.”
The nChain official talked about Bitcoin SV being a commodity ledger and compared it to the idea of the original Bitcoin. According to him, the commodity ledger can be anything and no one can decide what a valid transaction is. The computer scientist also touched upon how Bitcoin is uncensorable and its ramifications. In his words:
“ The entire concept is about having a Peer to Peer transaction system which becomes difficult when there is only a large number of transactions. Adding multiple miners into the ecosystem makes it much more competitive thereby hampering the functionalities.”
Wright added that for enforcement agencies to track illegal activities on the Bitcoin blockchain, the entire network will require a larger chain. He admitted that one of the earlier screw ups with regards to Bitcoin was making everyone a miner. He focused on the importance off peer in the network as that is what makes Bitcoin special. The BSV proponent then said:
“ABC has lost the Peer to Peer characteristic and that is why SV is better.”
He then drew the attention on the private keys held by users and stated that the biggest concern was people holding their old private keys. When users retain old private keys, there comes a point when they can uses these accumulated keys to conduct spam transactions, stated the nChain official.
Craig was also in the news recently when he had directly attacked the ABC camp. He had commented:
“We are going to dog ABC’s tales till they run out of money. Then we are going to tail them again and see them sell again and again till they crash and burn.”
The post Bitcoin SV’s Craig Wright: “I am going to use Bitcoin ABC to fertilize my garden” appeared first on AMBCrypto.
Source: AMB Crypto

Craig Wright Pens Down His Vision and Roadmap for Bitcoin (SV)

Not a lot of people have been a big fan of Craig Wright ever since he claimed to be Satoshi Nakamoto. His version of BCH fork- BCHSV- also did not garner much support from major influencers and the industry. Maybe his “fake statements” and his versions of cryptocurrency may not receive enough credit, but there is one thing that he definitely deserves a credit for is his vision for his project- at least that what his latest Medium post speaks about.
Visa using Bitcoin (SV) within the next 4 years- Craig Wright
While the world is still recovering from the meltdown of crypto markets that was triggered by the BCH fork, Craig Wright has already led down his plan and vision that he has for Bitcoin (SV). According to Craig, who took on Medium, to pen down his thoughts said that in over next few years nChain will make every effort to make Bitcoin (SV) the prominent version of Bitcoin.
Craig mentions in his post that nChain intends to ensure that they packing blocks with paid data and Bitcoin as SV will have miners earning over $8,000 a block based on use alone. That equates to $640 a bitcoin on exchanges. These figures have not yet factored in the gambling price of bitcoin and these would be the earning for miners just for their service.
Further, in the post, Craig says that with Teranode project nChain will be scaling Bitcoin SV to handle over 1.0 TB within the next 3 years (aiming for 2) and growing sizes from there. At that level, miners will earn over $600,000 for each Terabyte block, and this is every 10 minutes on average.
Over next 2-3-year Craig predicts that the capacity Bitcoin (SV) will be huge. He said in his post
“In 2 to 3 years we expect to be at a capacity of 2 to 4 billion (with a b) transactions a block, that is 6.5 million transactions a second. This is also Visa, MasterCard, banking in SWIFT, and ALL global currencies (not just crypto) in under 15% of a block. And this is the start.”
Craig also states that he expects
“Visa using Bitcoin (SV) as its backbone and plumbing within the next 4 years, as we can provide them with a means to transact that is both more secure and faster… and more, it will cost less.”
Some of the statement put forward by Craig is over-optimistic and it’s too early to state whether that would happen or not. But this post at least gives an insight as to where Craig is heading with Bitcoin (SV). Good enough points to consider investment bets on Bitcoin (SV)
Will Craig Wright be able to achieve what he has envisioned for Bitcoin (SV) or all this is just statements with reality? DO let us know your views on the same
 
The post Craig Wright Pens Down His Vision and Roadmap for Bitcoin (SV) appeared first on Coingape.
Source: CoinGape

BCH Tussle: Bitcoin ABC May Reign Supreme over Craig Wright’s “Satoshi Vision”

To the chagrin of Craig Wright and his camp, it has become increasingly apparent that Jihan Wu, Roger Ver, and their compatriots at Bitcoin ABC have taken a leading position in the Bitcoin Cash “Civil War.” So, after weeks, if not months of trash talking, crypto’s most recent shouting match has begun to come to a screeching halt.
Bitcoin ABC Leaves SV in the Dust
After months of anticipation, crypto investors woke up giddy on Thursday morning, as the scheduled Bitcoin Cash hard fork remained at the forefront of this industry’s mind. In the hours preceding the network upgrade, banter regarding Bitcoin Cash’s proposed future began to ramp up, with everyone and their mother quipping about this conflict.
Related Reading: BCH Fight: Bitcoin Cash Bashing Heats Up, Rivals Duke It Out Ahead of Hard Fork
Craig Wright, dubbed “Faketoshi,” issued the following message on Twitter just hours before the fork, furthering his sentiment that his enemies, which comprise of Bitmain, Bitcoin.com, and other industry hotshots, are “scammers” and nonsensical.

There will be no split.
Do not listen to ABC scammers.
If you split coins, you will just end with nothing https://t.co/BcxJk2cF4Z
— Dr Craig S Wright (@ProfFaustus) November 15, 2018

But, as the upgrade neared, it became clear that something was amok, as rumors arose that Bitmain-backed miners, who are in cahoots with Bitcoin ABC (ABC) were poised to meet this fork head-on. And, of course, these rumors materialized into reality as ABC quickly overtook Craig Wright’s “Satoshi Vision (SV)” following the upgrade, which activated during Bitcoin Cash’s 556767th block.
Within minutes, even though Bitcoin ABC suffered a suspected spam attack, Roger Ver’s client of choice left SV in the dust due to the influx of hashrate that ABC experienced.
Related Reading: Bitcoin Cash War Begins: Hash Power of BCH Increasing Rapidly
Just 40 minutes after activation and the subsequent hard fork, Joseph Young, a well-regarded crypto journalist, explained that “[it] seems like a win for BCH,” adding that “[there’s] certainly not enough for a 51% attack on BCH… SV nodes reportedly crashing.”
While SV supporters held tight to their liferaft, ABC supporters celebrated, with Vitalik Buterin, co-founder of the Ethereum Project, even joining a livestream of the event to congratulate Roger Ver and his peers. Speaking to a handful of prominent Bitcoin Cash community members, Buterin noted:
“I’m at this economics conference, but I just wanted to congratulate everyone on this hard fork… I do think that there is real value is kind-of letting nodes have some say.”
Although Buterin’s cry of victory might have been premature in the eyes of Craig Wright, SV continued to struggle and falter, as the forked network’s hashrate dwindled and block times stuttered.
As simply put by Emin Gün Sirer, a Bitcoin-friendly Cornell professor, “Risk. Finance.” Sirer later doubled-down on his advocacy for ABC, explaining that SV was flawed from the get-go. He elaborated:
“This point is at the heart of the main lesson from the BCH hashwar. One cannot assemble a good team just with money. To attract top notch talent, you need a strong, scientifically valid vision and novel, exciting tech, among other things. BSV has none of these.”
Now, over 12 hours after upgrade’s activation, Bitcoin ABC has pulled 48 blocks ahead of its primary competitor, with some pointing out that this is likely to be the nail in the coffin for Satoshi’s Vision.
Nail in the Coffin… Or Just a Ploy?
While this lead is undoubtedly convincing, some are skeptical about ABC’s victory. WhalePanda, a diehard Bitcoin maximalist, recently took to Twitter to explain that ABC’s hashrate victory was catalyzed by Jihan Wu’s involvement in this debacle.
Panda also divulged that checkpoints have been installed in ABC to mitigate the risk of 51% attacks, subsequently calling the “valid chain” centralized.

Just woke up: So apparently Jihan took a lot of hashpower from Bitcoin to mine on $BCH. He got really scared and is burning a lot of money. https://t.co/RbObgu5fiSThey added a checkpoint to prevent attacks. It means that 1 person is saying what is the valid chain = centralized.
— WhalePanda (@WhalePanda) November 16, 2018

Francois Pouliot, a Canadian Bitcoin savant, also commented on the fact that this battle could be far from over. Pouliot, adding to the crockpot of rumors surrounding the event, noted that SV “may be pulling off a massive reorganization of ABC.”
While he chalked up his claims to a mysterious 1.1M BCH transaction, lack of hashrate on Bitcoin, along with “numbers not adding up,” critics have noted that the reorganization call is unsubstantiated.

The plot thickens?
BitcoinSV may be pulling-off a massive reorg of the BitcoinABC chain. If they can sustain a secret chain after 100+ blocks? When trading resumes?
Calvin and Craig are poker players. Ace up their sleeves? Mysterious 1.1M BCH tx? Where did the hashrate go?
— Francis Pouliot (@francispouliot_) November 15, 2018

Regardless, as a result of the continued confusion around the “true winner” of this fork, BCH has continued to capitulate, indicating that this multi-month conflict instilled more fear than faith in crypto investors at large.
Featured image from Shutterstock.
The post BCH Tussle: Bitcoin ABC May Reign Supreme over Craig Wright’s “Satoshi Vision” appeared first on NewsBTC.
Source: New feedNewsBTC.com

The Rising “Extremism” In Crypto, Is Craig Wright the Most Disliked Person in Crypto?

Craig Wright is not the most likable person in the crypto universe ever since he had “falsely claimed” to be Satoshi Nakamoto. The controversy surrounding him has continued to grow as has been found regularly bantering against some prominent names in the cryptocurrency world. And the latest drama of BCH fork has just aggravated things as a lot of prominent guys passed negative comments on him.
Is Craig Wright actually a villain in the crypto world?
Craig Wright is not in a very sweet spot right now. He has been receiving criticism from all corners and from a lot of prominent personalities of the crypto world are attacking him for his claims and threats that he has been issuing with respect to the latest BCH hard fork. The very recent threat, where he took the crypto world for ransom by threatening to send Bitcoin price down to $1000 as BCH prepares to split.
Tweeting ahead of the split of the Bitcoin Cash protocol which itself is a fork of the ‘core’ Bitcoin blockchain from August of 2017 Wright warned Bitcoin miners that, if they show support for the Roger Ver/Jihan Wu (Bitmain)-backed Bitcoin Cash ABC (BCH) over his Bitcoin Satoshi’s Vision (BSV) project, he would be looking to fund his side of any ensuing ‘hash war’ battle by selling off bitcoins and bringing the price to USD 1000.

To all BTC miners…
If you switch to mine BCH, we may need to fund this with BTC, if we do, we sell for USD and, well… we think BTC market has no room… it tanks.
Think about it. We will sell A Lot!
Consider that….
And, have a nice day
(BTC to 1000 does not phase me) pic.twitter.com/oUScEahtWc
— Dr Craig S Wright (@ProfFaustus) November 14, 2018
This statement has gathered a lot of criticism.  Joseph Young, the known journalist has gone on to say that “Craig Steven Wright was a villain and now he’s just cancerous. He’s affecting both Bitcoin and Bitcoin Cash in a negative way, starting a hash war”

At first, Craig Steven Wright was a villain.
But now, he’s just cancerous. He’s affecting both Bitcoin and Bitcoin Cash in a negative way, starting a hash war which wastes resources on both chains.
It’s all personal for him, he’s a maniac. Don’t support this fool.
— Joseph Young (@iamjosephyoung) November 15, 2018
Craig had, some days back, threatened Roger Ver with disrupting cryptocurrency trade worldwide in retaliation for the forthcoming Bitcoin Cash hardfork. This is how Craig Wright reacted to Ver’s statements of support for the hard fork announced by BitcoinABC:
“If you want war… I will do 2 years of no trade. Nothing. In the war, no coin can trade. If you want ABC, you want shitcoins, welcome to bankruptcy <…> I will see BCH trade at 0 for a few years <…> Side with ABC, you hate bitcoin, you are my enemy. You have <…> no idea what that means. You will. I AM Satoshi <…> Your choice.”
He had also received some negative comments from Vitalik Buterin when Tim Copeland shared a news on Craig comments on the Fork, and mentioned that “Vitalik Buterin believes Craig Wright should not have a voice”

Vitalik Buterin believes Craig Wright should not have a voice. While many disagree with his beliefs, tactics and conduct–I believe he has a right, like anyone, to be heard. So, here is his side. @VitalikButerin @JihanWu @CobraBitcoin #bitcoincash #crypto https://t.co/W4AcMkT5Fi
— Tim Copeland (@Timccopeland) November 12, 2018
to which Vitalik replied “Craig Wright absolutely should have a voice. But so, do all of us.

Vitalik Buterin believes Craig Wright should not have a voice. While many disagree with his beliefs, tactics and conduct–I believe he has a right, like anyone, to be heard. So, here is his side. @VitalikButerin @JihanWu @CobraBitcoin #bitcoincash #crypto https://t.co/W4AcMkT5Fi
— Tim Copeland (@Timccopeland) November 12, 2018
In August, Vitalik had asked BCH community to not to follow Craig Wright.

The BCH community should NOT compromise with Craig Wright to “avoid a split” and should embrace it as an opportunity to conclusively ostracize and reject him. Bitcoin Craig (BCC) can go take the ticker symbol from the now-defunct cryptocurrency to which it is a fitting successor.
— Vitalik Non-giver of Ether (@VitalikButerin) August 22, 2018
Whether right or wrong, Craig Wright is definitely losing some face here but getting into a battle with everyone in the industry. Let’s see how does he react once the fork goes underway.
Is Craig Wright really a villain or is it that others have ganged up against him? Do let us know your views on the same.
The post The Rising “Extremism” In Crypto, Is Craig Wright the Most Disliked Person in Crypto? appeared first on Coingape.
Source: CoinGape

BCH Fight: Bitcoin Cash Bashing Heats Up, Rivals Duke it Out Ahead of Hard Fork

The cryptocurrency industry is still in its infancy, or so we keep being told. That infancy, or childishness, is often revealed on the crypto-sphere’s primary tool for communication, Twitter. No greater example has been seen than the recent battles between rival camps over the upcoming Bitcoin Cash hard fork.
Three Camps, One Vision
The Bitcoin Cash hard fork, set for November 15, is part on an ongoing network upgrade published in its roadmap. It is a high possibility that the two or even three versions of the fork will be updated from BCH in different ways. The three current proposals are Bitcoin ABC, Bitcoin SV (Satoshi’s Vision), and Bitcoin Unlimited.
The first version is Bitcoin ABC which is essentially Bitcoin Cash in its current state with no major changes aside from a few network updates. This was founded by Bitcoin’s own ‘antichrist’, Roger Ver, last year when it split from the original chain in order to increase block size for faster transactions at lower cost. It currently has the majority of the mining power.
Bitcoin SV is an opposing liberal branch led by the man often referred to as ‘Faketoshi’, Craig Wright. Its vision is to overwrite existing code and increase block size even further, from 32Mb up to 128Mb in order to scale the network even further. It does not have the community support of the other two.
In the third corner is Bitcoin Unlimited which is a compromise between the two above headed by lead developer, Andrew Stone. The upgrade gives more voting power back to the miners to select the changes they want in the network. This would be achieved by switching to the Bitcoin Unlimited client and submitting a Bitcoin Improvement Proposal for proposed changes.
BCH Fight
The social media outbursts and claims from some of these ‘crypto pioneers’ leading up to this technological division have been a source of entertainment in themselves so here are a few …

And, no you ABSOLUTE cuck
Bitcoin IS not even close to a soy boy commitee
It is all use hard assed buggers bending you over to show you the light.
It is capitalism. Enjoy pic.twitter.com/oLsr2I407v
— Dr Craig S Wright (@ProfFaustus) November 13, 2018

The #BitcoinCash Civil War camps, $BCHSV $BCHABC summarized in a few quotes by @ProfFaustus who advocates Bitcoin Satoshi Vision and @rogerkver on the side of Bitcoin ABC. Billions at stake for both sides… Who is right at the end? $BCH #November15th #HardFork pic.twitter.com/s0KyKd94Si
— Global Chain (@global_chain) November 14, 2018

BTC supporters are too incompetent to even keep the blocks full like they want. #FAIL https://t.co/7BkqaVqLZS
— Roger Ver (@rogerkver) November 1, 2018

The whole BCH community are working together to kick Fake Satoshi out. The resisitence against cult leader proves the inner strength and sophistication of the BCH ecosystem!
— Jihan Wu (@JihanWu) November 9, 2018

Will be interesting af to see how the $BCH hash rate reacts when #Bitmain turns on 70,000 asics to signal for $BCHABC.
Does the crazy CSW have a hidden move for $BCHSV to outpower @JihanWu and @rogerkver?
This #Decentralised hash war is gona be so exciting for the bystanders
— Crypto Galacticos (@CryptoGalactico) November 13, 2018

If @jihanwu, @Rogerver & ABC devs want to make #Permissionless Kiddie porn sites and Silk Road Version2.0
They can piss off to #Dash
They are NOT adding this to #BCH
This is the ONLY real use case they have and it is not happening!
— Dr Craig S Wright (@ProfFaustus) November 8, 2018

Bitcoin maximalists on the other hand are reveling in it all, harking back to their own battles when BTC split back in November 2017 to create the BCH fork;

Oh well.. Karma's a $BCH. ¯_(ツ)_/¯
— WhalePanda (@WhalePanda) November 13, 2018

 
Regardless of ideology or fork preference, the petty squabbling is detracting from the real enemy, at least according to the original Satoshi; the centralized banking system. Essentially everyone wants the same thing, to improve the system, but they can’t seem to get over their egos to come to a human derived consensus yet. And so the tweet wars continue, at least until tomorrow when it looks like the miners will decide. Current stats on miner, node and hashrate divisions between all versions can be found on Coin.dance.
 
Image from Shutterstock
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Source: New feedNewsBTC.com

Bitcoin Cash [BCH]’s Craig Wright says Silk Road killed the adoption of Bitcoin [BTC]

Craig Wright aka Faketoshi, a Bitcoin Satoshi’s Vision proponent for the Bitcoin Cash [BCH] blockchain, recently appeared on a video hosted by Tone Vays, a Bitcoin advocate, to speak about the upcoming hard fork. The hard fork is scheduled for November 15, 2018.
Wright continued to show his dissent towards the upcoming fork as he believes that the implementation would result in all the countries pronouncing the token illegal. Faketoshi stated that he did not mind if people wanted them to make a greater version of Bitcoin, but they would not build it in Bitcoin. He also opined that the Silk Road was not one of the main catalysts for Bitcoin’s adoption.
Silk Road was the most popular black marketplace which provided services ranging from drugs to weapons to contract assassinations. The marketplace boomed on the darknet and so did Bitcoin as it was the only acceptable means of payment. However, when the Feds cracked down Silk Road, it became the talk of the town. This also resulted in the arrest of Ross Ulbricht and Bitcoin being mentioned on every popular media platform.
He said:
“Adoption didn’t happen because of Silk Road. If you looked at other centralized coins that happened in the 90s and things like this within the first three years, you actually had banks starting to use them; Deutsche Bank was using DigiCash, others were using it. So Silk Road actually killed adoption in Bitcoin. Right now, we would be in a world with probably 500 million people using Bitcoin at least on a daily basis if it wasn’t for Silk Road.”
Wright further spoke about the new 7-nanometer mining machines, Antminer S15, and T15, which were released earlier this month. The Bitmain announcement was made on their official Twitter handle, which read:
“We are officially announcing the release of our new 7nm miners which possess industry-leading hash rates designed to mine with the SHA256 algorithm. Two models will be offered, the Antminer S15 and T15. Available for purchase on 11/8.”
The self-proclaimed Satoshi Nakamoto stated that the Jihan, the co-founder of Bitmain, had good mining machines two years ago. However, now, the machines that will be released by Squire Mining Ltd. next year, are going to be 50% more efficient in comparison to the 7nm machines. Furthermore, he stated that Jihan made profits in the previous quarter prior to stopping sales because nChain and CoinGeek bought the machines from Bitmain.
He said:
“We bought the majority of Bitmain sales. His sales tanked because we stopped buying. We packed it on BTC and its still packed in on BTC. We bought those machines. BMG and CoinGeek, who we’re aligned with bought all those machines. Jihan sold his own end to us.”
The post Bitcoin Cash [BCH]’s Craig Wright says Silk Road killed the adoption of Bitcoin [BTC] appeared first on AMBCrypto.
Source: AMB Crypto

The BCH Fork Drama gets Murkier as now Vitalik Jumps in to Throw Blows at Craig White

The fight of BCH forking between Roger Ver and Craig Wright has put up enough drama on the street as both threw blows at each other. But before this could calm down completely another heavyweight seems to have joined the fight. Its old foes Vitalik and Craig are now getting into a verbal battle over social media.
Vitalik and Craig Wright have never been on the same page
While things were looking far away from settling between Ver and Wright over the Bitcoin Cash Fork, a new battle seems to have surfaced on social media just days before the announced date of the Fork. It has been witnessed that Vitalik and Wright have been making comments against each other.
As Tim Copeland shared a news on Craig comments on the Fork, he mentioned that “Vitalik Buterin believes Craig Wright should not have a voice”

Vitalik Buterin believes Craig Wright should not have a voice. While many disagree with his beliefs, tactics and conduct–I believe he has a right, like anyone, to be heard. So, here is his side. @VitalikButerin @JihanWu @CobraBitcoin #bitcoincash #crypto https://t.co/W4AcMkT5Fi
— Tim Copeland (@Timccopeland) November 12, 2018

to which Vitalik replied “Craig Wright absolutely should have a voice. But so, do all of us laughing at his stupidity.”

Vitalik Buterin believes Craig Wright should not have a voice. While many disagree with his beliefs, tactics and conduct–I believe he has a right, like anyone, to be heard. So, here is his side. @VitalikButerin @JihanWu @CobraBitcoin #bitcoincash #crypto https://t.co/W4AcMkT5Fi
— Tim Copeland (@Timccopeland) November 12, 2018

A couple of days back Craig Wright had also replied on Vitalik’s tweet calling him a moron

Hodl
What a moron https://t.co/5Jml7Gvxxb
— Dr Craig S Wright (@ProfFaustus) November 11, 2018

Vitalik Buterin and Craig Wright have not been the best of friends ever as they have been seen exchanging verbal comments against each other for a while now. The major being, In April, Buterin called Craig Wright a “fraud”. He then voiced his opinion saying the now defunct Bit connect symbol BCC should now be known as Bitcoin Craig. He had also refuted claims that Craig Wright was Satoshi Nakamoto (as Craig Wright had claimed)
Vitalik Buterin, who has no major connection to Bitcoin Cash, has discussed the controversy on Twitter over the past week. He was clearly seeming to be on ABC’s side as his displeasure for Craig Wright has been clearly out in the open. He had previously also tweeted in August asking BCH community to not to follow Craig Wright.

The BCH community should NOT compromise with Craig Wright to “avoid a split” and should embrace it as an opportunity to conclusively ostracize and reject him. Bitcoin Craig (BCC) can go take the ticker symbol from the now-defunct cryptocurrency to which it is a fitting successor.
— Vitalik Non-giver of Ether (@VitalikButerin) August 22, 2018

Forking events have been controversial but the one that we are witnessing in Bitcoin Cash community is something the crypto industry was yet to witness. Bitcoin Cash (BCH), which came into existence as a fork of major cryptocurrency Bitcoin, is fast approaching its own fork and is also bringing in much larger controversy then it had gathered on its separation from the Bitcoin.
The community has been divided between Bitcoin Cash ABC and Bitcoin Cash Satoshi’s Vision (SV). ABC’s direction, which is proposed by the ABC development team, is the fork favoured by the market and backed by Bitmain as well as many others. On the other hand, SV is the variant proposed by Craig Wright, the controversial figure who claims to be Satoshi Nakamoto.
While the BCH stakeholders were expecting some truce between the two as the dates of the fork was approaching, things just got a lot dirtier as both sides lashed each other all over social media. Videos have emerged and there has been verbal comments made against each other. And now with Vitalik’s entry seems to be no light at the end of the tunnel. What is going to happen with the fork is something we will only know on the 15th November. Stay tuned
Will the BCH community see some good result out of this Fork or it’s going to all go down the drain? Do let us know your views on the same.
The post The BCH Fork Drama gets Murkier as now Vitalik Jumps in to Throw Blows at Craig White appeared first on Coingape.
Source: CoinGape

“Bitcoin [BTC] will be made better than every other cryptocurrency”, says nChain’s Craig Wright

In a recent talk, nChain’s Craig Wright spoke about the future prospects of Bitcoin [BTC] and the ways to achieve Satoshi Nakamoto’s vision. He also touched upon how Proof of Work [PoW] is different from Proof of Stake [PoS].
Craig Wright stated that capitalism is important for the future of developments. He said that Bitcoin and its iterations need to be stable to inculcate a sense of security amongst users of the cryptocurrency. According to Wright, Bitcoin as a concept needs to be the same in the coming years or else it loses its value as a transactional commodity.
He also stressed on the fact that cryptocurrencies and Bitcoin as a whole, do not flout any rules but actually work under the ambit of the law. Digital signatures were also mentioned by the nChain official, citing its credibility as an accepted mode of payment. Wright said:
“ If the system changes in 6,12,15 months then no one will use it. The cryptocurrency market needs to be stable if the user base has to increase. Bitcoin has always been about economics and the need of the hour is to implement it in a good way.”
He went on to say that Bitcoin’s original scripting language will not be tampered with and also teased users with an upcoming development that will be announced on Coingeek. Wright focused on how Bitcoin will surpass all the other cryptocurrencies in terms of use cases and will make all processes seamless.
The nChain official added that there is an aim to make Bitcoin embrace the internet and make it even better than the Internet of Things [IoT]. Craig Wright was also in the news when Bitmain’s Jihan Wu called him a Blockstream spy. The CEO of Bitmain made this comment on the basis of an email that said:
“I see now that Roger Ver, Rick Falkvinge, Olivier Janssens, and Jihan Wu appear to be aggressively attacking you in public and trying to distance BCH from you. To the best of my knowledge, all of these parties previously believed in you. It seems to me that it is simply a matter of time before a forceful public denunciation by someone previously cited as proof of your merit, such as Gavin, brings things crashing down around you.”
The post “Bitcoin [BTC] will be made better than every other cryptocurrency”, says nChain’s Craig Wright appeared first on AMBCrypto.
Source: AMB Crypto

Early Bitcoin Pioneer Speculates Who Nakamoto Is, Gives $100 Million in Asset Away

Jeff Garzik, an early pioneer of Bitcoin, has revealed that he’s given away over $100 million worth of the asset, but has no regrets about it.
Giving Money to Something He Believes In
Garzik has been in the space since 2010 after reading a blog post about Bitcoin. Writing code for it, he soon became the third-biggest contributor to Bitcoin after Satoshi Nakamoto and Gavin Andresen.
However, in a report with Bloomberg, the Bitcoin pioneer notes that the currency is not what he thought it would be. Yet, despite this, he’s proud of what has been achieved so far. So much so, that in a bid to spur software work on he gave 15,678 Bitcoins away about seven years ago in developer bounties. At current prices that’s around $100 million.
Garzik recalls that when Bitcoin reached $1 in 2011 a party was held to celebrate the milestone, adding “it was a question whether this thing would survive at all. And there’s no question of that today.”
Yet, while Nakamoto’s idea of Bitcoin being used as private money hasn’t materialised yet, Garzik is fine with it being treated as a store of value.
“It is an organism, it’s something that evolves,” he added. “It hasn’t evolved in the direction of high-volume payments, which is something we thought about in the very early days: getting merchants to accept Bitcoins. But on the store-of-value side it’s unquestionably a success.”
Related Reading: Jeff Garzik Builds “Thousand Year Cryptocurency”
Will the Real Nakamoto Please Stand Up
Having worked closely, if only online, with Nakamoto, Garzik thinks he knows who it may be.
Speaking of the late Floridian Dave Kleiman, he said that this “this gentleman was self taught” and that it “matches his coding style.” He went on to add that:
“…the Bitcoin coder was someone who was very, very smart, but not a classically trained software engineer.”
Kleiman, who was wheelchair-bound after a motorcycle accident, died in 2013 after suffering an MRSA infection. He was a former Florida sheriff’s officer who became a computer forensics expert. Notably, Australian Craig Wright, who claimed he was Nakamoto in 2016, is being sued by the Kleiman’s estate for allegedly stealing billions of dollars worth of Bitcoin and intellectual property from Kleiman.
According to a report from February, Kleiman and Wright had partnered to mine Bitcoin, owning and controlling over 1.1 million Bitcoins between them. However, a lawsuit filed in February suggests that Wright was plotting to swindle Kleiman out of his Bitcoins and intellectual property.
In 2011, the pair founded a Florida-based company called W&K Info Defense Research LLC, which was engaged in Bitcoin mining and research. According to the lawsuit, Kleiman owned between 50 and 100 per cent of W&K. It adds that the Kleiman estate owns the rights to $5,118,266,427.50 worth of Bitcoin and IP rights.
Yesterday, Roger Ver, an advocate behind Bitcoin Cash, posted a video on YouTube, alleging that he’d received an email from Wright claiming he was Nakamoto and that he would crash the value of BCH.
Featured image from Shutterstock.
The post Early Bitcoin Pioneer Speculates Who Nakamoto Is, Gives $100 Million in Asset Away appeared first on NewsBTC.
Source: New feedNewsBTC.com

Bitcoin Cash [BCH] wars escalate after CoinEx releases statement and Faketoshi threatens shutdown

The Bitcoin Cash [BCH] chain split drama continues to worsen, as Faketoshi, more commonly known as Craig Wright, threatened today to shut down CoinEx exchange. It was a subsidiary of Bitmain, who control the Bitcoin ABC team. As the implementations provided by both development teams clash and could result in a chain split, another fork into two currencies may be imminent.
Moreover, Bitcoin SV, the implementation proposed by Craig Wright does not have the replay protection mechanism added to it. Replay protection allows protection against a kind of attack known as replay attacks that occur after a hard fork. Without replay protection, it was possible for others to spend the funds of one user on another blockchain.
Keeping this in mind, CoinEx exchange published an announcement stating that Bitcoin SV was an “altered version of Bitcoin Cash protocols” and would cause a fork of the existing protocol. They proceeded to call it BSV and stated that normal procedure would be followed in case of a chain split, with users receiving BSV in a 1:1 ratio to their BCH assets.
CoinEx went on to say:
“After the fork, we will release a BSV/BCH trading pair in CoinEx so you can buy or sell BSV. CoinEx will not support BSV deposit and withdrawal until its chain is stabilized and all supporting services e.g. wallet are available.”
They went on to urge BSV to implement replay protection, as it will “bring chaos to the entire Bitcoin Cash network” and cause “unnecessary loss”. However, their leanings in the debate became clear as they stated they would guard users’ assets along with the efforts of ViaBTC, a mining pool managed by Bitmain. They further stated:
“To avoid unnecessary asset loss, CoinEx recommends all users to deposit their BCH assets to CoinEx before the potential forking. We will provide 100% protection for your assets and please be assured that you will receive the forked asset of BSV as promised.”
Post their announcement, CoinEx’s website became inaccessible, with a “504: Gateway time-out” error on the page. This came after Craig Wright expressly stated that he will reorder transactions if they do not support Bitcoin SV. He also stated that an “exchange not on SV is bankrupt in a few days.”
User dobe4ever clarified:
“The website was DOS attacked & currently down right after the announcement, but I took a screenshot so anyone can read”
User Etherbid on Reddit stated:
“This is Truly going to be an amazing show. There’s something to what Coingeek is saying about Via’s motivations. Coingeek wants to stabilize, be safe with protocol and go with path of larger blocks. Via is against that clearly they want CTOR, and pre-consensus badly.”
User Devar_0 said:
“Wow. Wow. CoinEX is literally trying to split the bitcoin cash community. They are signalling that if they lose or implement replay protection as they’d be a minority chain, they want to steal the BCH ticker.”
The post Bitcoin Cash [BCH] wars escalate after CoinEx releases statement and Faketoshi threatens shutdown appeared first on AMBCrypto.
Source: AMB Crypto