Bitcoin SV Could Be Scam or Real Bitcoin: Conservative Pundit Mike Cernovich

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Sun, 12/15/2019 - 10:25
Alex Dovbnya
Famous right-wing commentator Mike Cernovich thinks that Bitcoin SV represents the two extremes in crypto
Cover image via www.123rf.com
Contents

Conservative commentator Mike Cernovich recently became involved in a dramatic civil war between different Bitcoin forks.

In a recent Twitter thread where he promises to share his take on any random subject, Cernovich says that Bitcoin SV could be an outright scam or the real Bitcoin, something that self-proclaimed Satoshi Craig Wright desperately wants you to believe.

Cernovich's thread got instantly swarmed with tweets from the BSV community with some of them suggesting that the InfoWars host should consider interviewing Wright on his podcast.          

Related
Craig Wright Could Be Real Satoshi, According to Founder of First Chinese Crypto Exchange

A Bitcoin civil war 

Bitcoin Satoshi Vision (BSV) was created as a result of a chain split from Bitcoin Cash that took place on Nov. 15, 2018. The main reason behind their loud divorce was the size of the Bitcoin block -- while the Bitcoin Cash camp, which is helmed by Bitcoin Jesus "Roger Ver," wanted to maintain the 32 MB size, Wright and gambling tycoon Calvin Ayre decided to bump up the limit to 128 MB. 

The BSV community believes that Wright (aka Satoshi) intended to gradually increase the size of the block to increase Bitcoin's scalability. While big blocks can store more transactions, they also make the Bitcoin network more decentralized, which is why the initiative vehemently opposed by the Bitcoin Core camp that wants to maintain a maximum size of 2 MB.

Cernovich himself seems to be a Bitcoin proponent. Back in July, he opined that Trump criticizing crypto was actually a positive thing for the top coin because he actually attacked Facebook's Libra.    

Related
50 Percent of Bitcoin SV (BSV) Is Never Moved. Price Collapse Incoming?

BSV's wild ride in 2019   

2019 turned out to be extremely turbulent for BSV. It got delisted from Binance and Kraken after Wright's legal battles with non-believers, which made the coin's price plunge by more than 50 percent. Shortly after that, the BSV was pushed back to the top 10 after a few suspicious pumps that were most likely caused by fake news. 

While Bitcoin processes around 303,000 transactions on a daily basis, a little-known weather app accounts for pretty much all transactions on the Bitcoin SV network. 

 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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