The crypto community could be described as a cliquey band of tech enthusiasts deeply loyal to their own projects or favored coins. When something divides them, the reaction is usually as volatile as the markets themselves, and this is exactly what has happened since Binance blacklisted Bitcoin SV.
BSV creator, Craig S. Wright, has made few friends in the crypto community of late. His constant claims to ‘Satoshidom’ have riled some of the biggest players in the industry and one of them recently reacted drawing opinion from all who are involved in the emerging ecosystem.
Binance boss Changpeng Zhao has been engaging in a ‘tweet war’ with Craig Wright for over a week now and it finally came to a head when his exchange pulled the plug on BSV yesterday. The move was hailed by some industry leaders as great step forward for the industry, but others were not so enthralled.
Craig Wright has been labeled a bad actor in the space for some time now and many consider BSV a scam. Whether a company that derives profits from trading commissions has the right to directly influence the future of other crypto projects is the big question. Binance has just become the judge, jury, and executioner for BSV.
Whether right or wrong, the decision has once again polarized the crypto community with more tribalism and markets have suffered. $6 billion has been lost overnight and BSV has shed 25% since the Binance announcement. It seems at times the big players in this ever evolving ‘game of coins’ often forget who the real enemy is.
source:
https://ethereumworldnews.com/big-reaction-to-bsv-boycott-is-it-good-for-the-crypto-industry/