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#Bitcoin SV

Vitalik Buterin calls Bitcoin SV a dumpster fire

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Vitalik Buterin recently announced his disliking for Bitcoin SV. Vitalik Buterin recently tweeted about the same calling bitcoin sv a pure dumpster fire.

Vitalik Buterin recently announced his disliking for the latest Bitcoin Cash hardfork: Bitcoin SV or Satoshi Vision. Vitalik Buterin recently tweeted about the same calling bitcoin sv a pure dumpster fire and that he seriously does not believe in the Proof of Work consensus. The tweet was made a few days back using his official Twitter account:

In other tweets, Vitalik declared that he does not believe in the Proof of Work algorithm:\

Bitcoin ABC and Bitcoin SV

Bitcoin ABC and Bitcoin SV were the result of the recent bitcoin cash hardfork that happened in November this year and is being called as the primary reason for the crypto market fall. Bitcoin SV which is founded by Craig Wright is also known as ‘Faketoshi’ for faking himself as Satoshi Nakamoto, the founder of the original Bitcoin had the primary aim of solving the scalability issue of bitcoin by using large block sizes. Bitcoin SV is currently trading around $86 (at the time of writing) and has been on a downfall since its inception. The BSV hardfork has not been adopted by some of the major exchanges such as Coinbase and Gemini yet, which have already adopted the other hardfork or Bitcoin ABC just after the hardfork.

Vitalik Buterin had also called the founder of Bitcoin SV, Craig Wright a ‘fraud’ right on his face in the Deconomy 2019 conference in Seoul earlier this year.

 

What do you think about Bitcoin SV and its founder Craig Wright or ‘Faketoshi’?  Tell us in the comments section below.

#Bitcoin Cash

Bitcoin Cash vs Bitcoin SV: The War still continues

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After the hash wars, Bitcoin Cash and Bitcoin SV are now fighting for the price and the market capitalization of their sides.

After the hash wars between two teams which led to the hard fork of Bitcoin Cash last month also leading to the massive downfall of cryptocurrency prices are now fighting for the price and the market capitalization of their sides.

Yesterday, the Bitcoin SV (Bitcoin Satoshi Vision) went above Bitcoin Cash in both market capitalization and price with Bitcoin SV rising above $110 and Bitcoin Cash close to $100.

 

Bitcoin Cash vs Bitcoin SV

Today, however, after the listing confirmation for Bitcoin Cash from Kraken, one of the top cryptocurrency exchanges worldwide owned by the Winklevoss Twins, both the price and the market cap of the cryptocurrency showed an increase which led to Bitcoin Cash defeating Bitcoin SV in both price and market capitalization once again.

According to Gemini Exchange, they are not supporting Bitcoin SV at the moment and only put forward their support for Bitcoin Cash or Bitcoin ABC: Users can deposit Bitcoin Cash to their Gemini exchange accounts starting from today i.e. December 8th, 2018. However, the trading of Bitcoin Cash will start from Monday, 10th of December.

According to Eric Winer, the engineering VP at Gemini Exchange, they shall evaluate Bitcoin SV over the coming month and then decide whether to list or not list Bitcoin SV in the future.

According to Gemini, they have obtained the approval to list Bitcoin Cash on their exchange from the New York State Department of Financial Services.

 

Bitcoin Cash stands at the 5th position in the top cryptocurrency list according to market cap and is currently trading around $108.26 with a market capitalization of around $1.9 billion according to CoinMarketCap data. However, Bitcoin SV stands at the 7th position while trading around 103.07 with a market capitalization of around $1.8 billion.

 

Which of these will stand ahead in future? What do you think? Tell us in the comments section below.

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#Bitcoin

Roger Ver & Bitmain face lawsuit for allegedly hijacking Bitcoin Cash Network

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Roger Ver and Bitmain along with others have been alleged to take control of the Bitcoin Cash network for personal gains.

After the deadly hash-wars between Bitcoin Cash ABC and Bitcoin Cash SV teams, which eventually led to the entire cryptocurrency market downfall, Roger Ver and Bitmain along with others have been alleged to take control of the Bitcoin Cash network for personal gains.

United American Cord issues a statement saying:

“What is alleged to have been a well-planned scheme to take control of the Bitcoin Cash network for personal gain and which caused a global capitalization meltdown of the Bitcoin Cash network at the expense of others”

 

The lawsuit against Roger Ver, Bitcoin.com & Bitmain and others

The lawsuit is against Roger Ver, Bitcoin.com, Bitmain and Kraken and seeks damages and injunctive relief for the victims. The lawsuit alleges that:

“in unfair methods of competition and through a series of unconscionable, deceptive and unfair practices, manipulated the Bitcoin Cash network for their benefit and to the detriment of UnitedCorp and other Bitcoin Cash stakeholders”.

 

Bitcoin Cash ABC planted a “poison pill” during the hard fork

It is furthermore alleged that after the hard fork of Bitcoin Cash, on 20th November, 2018, the Bitcoin ABC team planted a “poison pill” into the blockchain code in order to remain in control of the network at all times. This also makes Bitcoin ABC a centralized blockchain.

The full statement by American Cork can be found here.

 

At the time of writing this article, Bitcoin ABC is trading at $102.00 while Bitcoin SV is trading at $106.47


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#Bitcoin SV

BCHSV is now 8th Largest Cryptocurrency

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After a few days of the Bitcoin Cash Fork, BCHSV Bitcoin SV has shown 72.2% growth in the last 24 hours, and is trading at $111 as reported by CoinGecko.

After a few days of the Bitcoin Cash Fork, BCHSV has shown 72.2% growth in the last 24 hours, and is trading at $111 as reported by CoinGecko.


Bitcoin SV is now the 8th Largest Cryptocurrency.

 

 

For the last couple of days, Craig Wright has been “hitting” on the crypto market by his threats that he will destroy Bitcoin and eventually all other cryptocurrencies.

Calvin Ayer from Coingeek recently tweeted about how BCH-ABC is making changes in the base protocol instead of focusing on Scaling issues.

 

Calvin has also been attacking Bitmain, mainly because they support the main chain and the ABC chain.

Some people argue that the Hash Wars might not be over yet as BCH ABC and Bitcoin SV both trying to get more hash power and beating each other.
According to Coin Dance, Bitcoin SV is 43.30% less profitable to mine than the BTC chain, which means all companies that are currently mining Bitcoin SV are doing it on a loss.

 

 

What do you think about Bitcoin SV and the ongoing Hash Wars? Comment below.

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