Bitcoin Maximalist Abandons BTC for Arch Nemesis Bitcoin SV: “BTC Was Taken Over by Socialists”
Kevin Pham, an old-time Bitcoin investor and maximalist has recently decided to abandon the largest cryptocurrency by market cap in the world currently and to go its rival team: Bitcoin SV. The reason? He thinks that the BTC community, known for harboring several libertarians and anarcho-capitalists, are a bunch of socialists. Really.
His move had made Bitcoin SV go up 20% today, so investors should be praising his hate for these so-called Bitcoin socialists. The announcement of this odd story happened at the latest episode of Crypto Traders. The hour-long episode has obviously enraged many Bitcoin enthusiasts over the web but it has certainly made the BSV defenders quite happy.
During his interview, Pham described himself as a former nihilist that was unhappy with capitalism. This has led him to quit his job at Wells Fargo and to start life as a Bitcoin trader which attacked Bitcoin Cash since it forked from the main network.
However, things changed and now he is attacking Bitcoin and siding with his new pals of Bitcoin SV. Pham, which dislike governments and now Bitcoin, affirmed that he was happy to be a part of the Bitcoin community for some time but that now he is taken by the Bitcoin Satoshi Vision community.
According to him, he saw that many people in the BTC community lives just like obsessed bankers and that he really disliked that. The BSV community, however, was more open and diverse in opinion, quite contrary to the American BTC community, which was blind to international use cases for Bitcoin.
What really drew him to BSV was to use Bitcoin as a real way to make payments and not only to get rich, as he believed that many people supported it only to increase their personal wealth. He also accused Bitcoin of being hypocritical by allowing ASIC miners, which centralize the network, at the same time that they do not allow for larger block sizes.
Something that was not completely apparent, however, is why Kevin Pham thinks that the Bitcoin community is full of socialists. He did affirm that “BTC was taken over by socialists” and that “BCH was dictatorial” on Twitter, but never actually explained why anybody should believe these claims.
People on his post affirmed that they never knew a more anti-socialist group than Bitcoin evangelists and accused him to make several hyperbolic statements.
In any case, the community of Bitcoin SV was highly beneficiated from what happened as they were able to get a great profit today from the prices going up.
Who is right? Pham or the Bitcoin “socialists”? If we all can agree on something, is that there are definitely no socialists taking over the Bitcoin community.