November 15, 2018 hardfork took place in the Bitcoin Cash network, which led to a split into two chains, and gave rise to two cryptocurrencies – Bitcoin ABC and Bitcoin SV (Satoshi Vision). Since then, Bitcoin ABC has acquired the original name Bitcoin Cash (BCH), while BSV has remained under the current name. However, BSV has become ‘an apple of discord’, and a part of the cryptocurrency community is pessimistic about this cryptocurrency. The fact that the BSV network supports Craig Wright does not help much. On the contrary, this is one of the reasons for criticism of the currency.
Among the critics – known in the crypto sector, opinion leader Jimmy Song cites three reasons why BSV will not be able to become an authentic cryptocurrency. According to Jimmy Craig Wright is not credible. In the past, Wright declared himself as “the real” Satoshi Nakamoto, but he failed to provide any evidence. This circumstance as well as the media campaign launched by him, which is more populist in nature and suffers from the absence of a specific plan, should make you think, Song said. There is no concrete value, and Wright is exclusively concerned with those on social networks who call on supporters to support BSV, and a smart investor should not be bought for it. According to Song Wright has long enjoyed the reputation of a “great combinator”, and his connection with BSV only causes bewilderment. Song points to the fact that since BSV came into being, no development has taken place on the network. Developers do not offer open source software and do not strive for progress. It comes down to nothing to back Craig Wright’s declarations.
According to Song, the behavior of the two main supporters of BSV, Kelvin Eyre and Craig Wright does not inspire respect. First, they tried to fool the public by falsifying Satoshi’s “signature” but the attempt failed. Secondly, they got involved in a war of excellence with Bitcoin ABC (BCH).