Jiang Zhuoer, the CEO at BTC.TOP, one of the largest Bitcoin mining pools, revealed that Craig Wright and Calvin Ayre planned the split from the Bitcoin Cash network long before the matter was publicly discussed.
In a Reddit post that shares part of an interview with Zhuoer, the Chinese entrepreneur pointed out that Craig Wright only “seems” to be the leader of the Bitcoin Satoshi Vision (BSV) community. He claims that the self-proclaimed Bitcoin inventor is only “a chess piece,” and that online-gambling billionaire Calvin Ayre is actually the real boss of BSV.
Craig Wright allegedly does not hold shares in nChain or CoinGeek
According to Zhuoer, Wright is only “in name” the chief scientist at nChain, a London-based blockchain-focused research and development firm. The Australian computer scientist does not hold shares in BSV-related companies such as nChain and CoinGeek, Zhuoer notes.
He reveals that Ayre is the main backer behind CSW, and that the casino tycoon is focused on making money from the Canadian stock exchange through CoinGeek, a crypto news media site reportedly acquired by Squire Mining for $45 million in December 2018.
Zhuoer further notes that CoinGeek develops its own mining machines, and independently runs its crypto-mining operation via Squire Mining. The news media company also controls the Bitcoin SV chain, which many analysts claim is highly centralized.
Ayre want to completely control Bitcoin SV
The BSV chain was not forked from BCH because the former wanted to follow a different developmental roadmap, Zhuoer pointed out. He believes that BSV split from Bitcoin Cash because CoinGeek wanted full control of the cryptocurrency’s blockchain.
Zhuoer also mentioned that the bitcoinsv.org and bitcoinsv.io domains were registered several months before Wright publicly began taking shots at Roger Ver’s Bitcoin Cash ABC team. Moreover, Wright intentionally created tensions between the ABC and BSV supporters in order to fork the Bitcoin Cash chain, he claims.
According to Zhuoer:
“[CSW] some very extreme claims that the BCH community [would not] accept, and then incited some community members through extremist claims, just like the Nazis [did] extreme propaganda and incitement, in order to split from the BCH.”
Bitcoin SV hard fork increases block sizes
Going on to note some of the extreme claims, Zhuoer mentioned that Wright suggested increasing Bitcoin SV’s block sizes to 2 GB, which could result in major technical problems and have an adverse effect on any blockchain network.
Whoops! $BSV has experienced yet another reorg, this time 6 (six!) consecutive blocks were orphaned (#578640–578645), this chain included a 128 MB block #578644 ?♂️ The network was basically stuck for 1.5 hours, and this shows that even 6 confirmations are not enough ?♂️ pic.twitter.com/dwGZmUCqtm
— Nikita Zhavoronkov (@nikzh) April 18, 2019
Researchers at BitMEX found that the Bitcoin SV chain was rolled back by two blocks before the activation of the Quasar hard fork, which upgraded the cryptocurrency’s block sizes to 2 GB on July 24. BitMEX’s research team also reported that one of the orphaned BSV blocks was around 62.6 MB in size.
Wright’s conduct will become a “heavy liability”
Increasing block sizes in this manner also increases the probability of a chain reorganization and may result in another fork, according to analysts.
Zhuoer confirmed that he does not support BSV’s development path because Wright’s extreme claims are intended to create tensions among crypto community members. He believes Wright’s actions and conduct will become a “heavy liability” for Bitcoin SV’s future development.
At the time of press, Bitcoin SV is ranked #9 by market cap and the BSV price is down 1.91% over the past 24 hours. BSV has a market capitalization of $2.6 billion with a 24-hour trading volume of $384.94 million. Learn more ›
At the time of press, the global cryptocurrency market is valued at at $263.12 billion with a 24-hour volume of $52.76 billion. Bitcoin dominance is currently at 64.45%. Learn more ›