The long-standing feud between Bitcoin SV evangelist, Calvin Ayre, and Binance CEO, Changpeng Zhao, has further escalated following the latest interview by the former. In an interview with CCN, Calvin took shots at Binance saying the exchange is “illegal” and “will be shut down” in the coming year.
“A Casino of Tokens”
Calvin and CZ have been caught up in a three-year battle that has brought out the worst in each of their companies. On April 22, Binance exchange delisted BSV, and the latest statements from Ayre pose a direct attack on the exchange.
Calvin attacked the latest move by Binance to offer rewards on proof of stake (POS) coins terming Binance business model a “speculative casino of tokens”. He said,
“CZ’s entire business model is based on a speculative casino of tokens that have zero value. They manipulate the token prices to harvest all the traders who are sold messages to do the opposite of what the house needs for its scams.”
Calvin believes such doggy actions by CZ will sooner, rather than later, catch up with the exchange and will lead to regulators closing the exchange.
“It’s illegal and it will likely be shut down in the next 12 months.”
Despite Calvin’s personal vendetta against CZ, Binance has not been ‘all too truthful’ during its lifespan as recent tweets by a cryptocurrency founder explained.
Did a video call with the ”Binance” team a few weeks ago. They wanted $300,000 and 3% of all DGB for ”insurance for their customers against blockchain hacks & defects” to list $DGB. Told them that is not possible with a truly decentralized #blockchain like #DigiByte.
— Jared Tate (@jaredctate) September 20, 2019
Remember Digibyte Saga?
On Sept 20 this year, Jared Tate, the founder of Digibyte (DGB) tweeted accusing the Binance team of extortion. Consequentially, this is not the first time the two companies have locked heads on the issue of a “listing fee”.
Back in 2017, screenshots of conversations between Binance Director of Business Development Ashley Ouyang, and some of the Digibyte team from Asia emerged showing Ashley openly extorting the DGB team.
In a video call with the Binance team a few weeks back, Jared revealed the exchange wanted $300,000 USD and 3% of the total supply of DGB (~$2.6 million) as ”insurance for their customers against blockchain hacks & defects” to get listed.
A Barrier to Progress
The centralized actions by Binance is a hindrance to growth in the cryptocurrency industry, Calvin said in the interview. He sees a revolutionary change that will kill off the “shitcoins” leaving the industry with real value tokens. He explained,
“The only legitimate exchange business using this technology will be those trading of utility, security, commodity or other types of tokens that are tied to real-world value and then also connecting all of these to fiat on and off-ramps.”
Nonetheless, Calvin does not see this happening so long as centralized players like Binance keep running the show. He concluded,
“This is where this will all end up, but it’s a real shame so many innocents people scammers like CZ are going to damage as we evolve to this end game.”