Bitcoin SV Camp Pieces Together Scathing Rebuttal to BTC Developer Jimmy Song’s BSV Attack Article
The Bitcoin (BTC) developer Jimmy Song has attacked Bitcoin SV (BSV) a few days ago. He gave three reasons why he believes that Bitcoin SV is a scam. This is why BSV supporters answered Mr. Song back.
A few weeks ago, Jimmy Song said that the main reason why he has a negative point of view regarding Bitcoin SV is due to the fact that Craig Wright is involved in it. Craig Wright has been involved in different cryptocurrency-related projects such as Bitcoin Cash (BCH) and Bitcoin SV. He is also nChain’s chief scientist and self-proclaimed Satoshi Nakamoto.
Song explained on his YouTube channel that Wright has not produced anything of note. Moreover, he said that there is no development coming from the BSV camp and that their protocol is not secure.
Bitcoin SV forked from Bitcoin Cash back in November 2018 when they did not accept the proposals made by Bitcoin ABC. After the hard fork, a hash war started that affected the whole cryptocurrency market. Indeed, Bitcoin dropped under $6,000 and reached new year lows.
In a recent article released by CoinGeek, who is managed by Calvin Ayre, a strong Bitcoin SV supporter, they mention that Song has a lack of evidence why Kevin Pham and Daniel Krawisz joined the BSV team.
The article says that developers and other influencers support Bitcoin SV because they’ve realized that it offers the greatest flexibility and potential to create in the crypto and blockchain space.
About Bitcoin supporters and their stance towards Bitcoin SV, the article reads as follows:
“Of course, Song and BTC Core have a vested interest in Dr. Wright not being Satoshi because if/when people learn the truth, Song and other Anti-Craig Core Cultists like him will face an inevitable backlash for how they’ve bastardized the whitepaper for their self-interest.”
Regarding the lack of development on the Bitcoin SV fields, he cites two key projects that nChain is currently working on. The first one is the SDK kit for developers that will be used to build applications on the BSV network.
The second project is the infamous Teranode Project. According to the CEO of nChain, Jimmy Nguyen, the Bitcoin SV team is focusing on scalability. They will move towards 500 MB blocks and reach between 1 and 2 GB blocks in the future. The main intention is to reach unlimited block size.
At the time of writing this article, Bitcoin SV is the 12th largest cryptocurency in the market. It has a market cap of $1.19 billion and each BSV coin can be purchased for $67.46.