Cryptocurrency Space Divides over Bitcoin SV (BSV) Delisting Controversy

Cryptocurrency Space Divides over Bitcoin SV (BSV) Delisting Controversy

Yesterday 15 April was a dark day for Bitcoin SV (BSV) as two exchanges, Binance and Shapeshift as well as Blockchain Wallet withdrew their support for the asset, and for what? Craig Wright’s claims of being Satoshi Nakamoto that has driven him to sue those who disagree with him.

It all started when Binance CEO Changpeng “CZ” Zhao threatened to delist BSV if Wright continued to threaten and harass people who “legitimately” asked for proofs to substantiate his claims of being Satoshi Nakamoto. Apparently, Wright kept on harassing his opposers, so CZ kept to his word and delisted BSV on Binance exchange.

Shapeshift announced its decision to do same just hours after Binance released a statement indicating it was delisting BSV for some technical reasons that make it unfit to continue existing on the exchange. Blockchain.com wallet also did same, claiming it has watched BSV closely and has decided to withdraw all support, suggesting it couldn’t meet its minimum requirements.

While some people supported this action against BSV, notably Ethereum Co-founder Charles Hoskinson, others have expressed displeasure at it and questioned the necessity of the action. A Twitter user known as iang considers it a self-inflicted injury by Binance as the action has placed a big question mark on the integrity of the exchange.

An economist and cryptoanalyst Alex Kruger also made a mocking statement asking why the exchanges would not delist all “shitcoins” if the motivation behind delisting BSV was technical? With the prior threat from CZ, It is difficult to think that the action taken against BSV was motivated by anything other than an attempt to get back at its creator Craig Wright.

Binance being the number one exchange by adjusted volume is also a very influential one and the first step it took will bring worse results than it has already. Already, the asset has lost over 21% in just 24 hours and as more exchanges delist and they probably will, it is unimaginable what can happen.

The question is whether or not the drastic actions taken by these exchanges is actually worth it on grounds of some personal arguments about who Satoshi is. Is it possible that they will list BSV again or is BSV done for good?

What's Your Thought On This?, Let Us Know In the Comment Section Below.

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