A few weeks after the launch of Binance Pool, they are already the largest mining group working on the Bitcoin SV (BSV) network. This causes confusion, because until recently, they were one of the main critics of this bifurcation of the BTC, how do you explain this?
Bitcoin Association President talks about the situation with BSV
Jimmy Nguyen, president of the entity behind Bitcoin Satoshi Vision, indicated in an interview for the cryptographic news portal CoinDesk, that it was „a little too ironic“ that Binance is now the largest validator of the BSV network, after it was excluded from the exchange listing.
The data speaks for itself, and for Nguyen, these actions are stronger than words.
In April 2019, Binance removed Bitcoin SV from the list of crypto currencies available for exchange within the exchange, with arguments explaining that it did not meet certain standards.
For the president of the Bitcoin Association, the project meets the standards, when Binance chooses to do so.
The data that Binance Pool, constitutes most of the computation of the BSV network, came out earlier this week.
The 7-day moving average still indicates that this mining group represents less than 20% of the total.
Why is the Bitcoin SV Roadmap private?
The reason behind the exclusion of Bitcoin SV
It wasn’t just Binance who excluded cryptomoney from their list, Kraken and ShapeShift also did so simultaneously, a little over a year ago, in protest against the behavior of Craig Wright, one of Bitcoin SV’s main supporters.
On several occasions, this character has been the cause of strong controversy in the crypto ecosystem, for his self-proclaimed Satoshi Nakamoto, without strong evidence, some denied.
Recently Wright threatened to sue those people who called him a fraud. In spite of this, it seems that once again they did not take him very seriously.
Chanpeng Zhao, Binance’s CEO, was one of the first to go on Twitter, to just do what Craig doesn’t want, saying
„Anyone who supports BSV, from a technology perspective, should attack the fraudster Craig Wright, who is poisoning his community.“
Craig Wright has to prove himself to be Nakamoto
Will the debate between the two sides continue?
For the creator of CoinGeek, Calvin Ayre, a billionaire sponsor of Bitcoin SV, indicated that Binance’s action in becoming the largest miner in the bifurcation is an attempt to put pressure on the price, and even protect the Binance Coin token.
The points of view clash, with extremes that are quite distant, and with none willing to mediate, as it is quite clear that they do not have much in common, other than the defense of a currency with good technological developments.
Despite the bad news that hovers around Bitcoin’s 2nd largest fork, it has earned its place among the top 10, and continues to defend it after almost a year and a half of life. Its long-term future is not very clear, but it still has some ground to make up.
And what do you think is behind this situation? Let us know your opinion in the comments!