In recent days, an online feud between those who support Craig Wright’s claims to be bitcoin’s pseudonymous creator Satoshi Nakamoto and the other 99.9 per cent of cryptoland has intensified. A lot.
So much so that Wright and fellow backers of the BSV version of bitcoin (which stands for Bitcoin Satoshi’s Vision, obv — a bitcoin fork), have started sending out letters threatening anyone who calls Wright a fraud with legal action.
So much so that Binance, one of the world’s biggest crypto exchanges, said on Monday that it was delisting it, and that it would no longer be tradeable as of April 22nd:
At Binance, we periodically review each digital asset we list to ensure that it continues to meet the high level of standard we expect. When a coin or token no longer meets this standard, or the industry changes, we conduct a more in-depth review and potentially delist it. We believe this best protects all of our users.
When we conduct these reviews, we consider a variety of factors. Here are some that drive whether we decide to delist a digital asset:
– Commitment of team to project
– Level and quality of development activity
– Network / smart contract stability
– Level of public communication
– Responsiveness to our periodic due diligence requests
– Evidence of unethical / fraudulent conduct
– Contribution to a healthy and sustainable crypto ecosystem
Binance didn’s specify which of these conditions had, in its opinion, been breached in the case of Bitcoin SV. But in a tweet on Friday, its CEO Changpeng Zhao said the following:
Bitcoin SV was down 9 per cent at pixel, on a day when most other cryptos were up.
Update: Bitcoin SV’s supporters include founder and owner of CoinGeek.com, Calvin Ayre. He provided the following comment regarding the delisting:
This decision will certainly be reported to the Maltese regulators as this is surely a case of people in trusted positions abusing that trust and playing God with which token gets the most volume and market access. In essence, market manipulation.
The decision to delist Bitcoin SV seems to be based on the fact that they don’t like one scientist that works on the platform. Craig doesn’t own BSV, not does anybody, so this appears to be very unprofessional. An exchange should just want volume of trading not picking which horses it wants to win the race and, as a result, smells of fear and manipulation.
The unholiest of holy wars: “Satoshi” vs “Bitcoin Jesus” – FT Alphaville