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Bitcoin SV’s Craig Wright: “I am going to use Bitcoin ABC to fertilize my garden”

Akash Anand

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Bitcoin SV's Craig Wright: "I am going to use Bitcoin ABC to fertilize my garden"
Source: Unsplash

The Bitcoin Cash hard fork saga has not yet stopped with multiple players involved in the chain split giving their opinions on the November 15 event. Craig Wright, the Chief Scientist at nChain and one of the proponents of the Bitcoin SV camp, spoke about the pros of the split as well as Bitcoin commodity ledger.

Speaking during the CoinGeek Week, Wright started by saying that:

“I am going to use Bitcoin ABC to fertilize my garden.”

The nChain official talked about Bitcoin SV being a commodity ledger and compared it to the idea of the original Bitcoin. According to him, the commodity ledger can be anything and no one can decide what a valid transaction is. The computer scientist also touched upon how Bitcoin is uncensorable and its ramifications. In his words:

“ The entire concept is about having a Peer to Peer transaction system which becomes difficult when there is only a large number of transactions. Adding multiple miners into the ecosystem makes it much more competitive thereby hampering the functionalities.”

Wright added that for enforcement agencies to track illegal activities on the Bitcoin blockchain, the entire network will require a larger chain. He admitted that one of the earlier screw ups with regards to Bitcoin was making everyone a miner. He focused on the importance off peer in the network as that is what makes Bitcoin special. The BSV proponent then said:



“ABC has lost the Peer to Peer characteristic and that is why SV is better.”

He then drew the attention on the private keys held by users and stated that the biggest concern was people holding their old private keys. When users retain old private keys, there comes a point when they can uses these accumulated keys to conduct spam transactions, stated the nChain official.

Craig was also in the news recently when he had directly attacked the ABC camp. He had commented:

“We are going to dog ABC’s tales till they run out of money. Then we are going to tail them again and see them sell again and again till they crash and burn.”





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Engineering graduate,crypto head and Arsenal fan. Is fascinated by technology and all its marvels. Strictly against pineapple on pizza.

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Tether’s [USDT] market capitalization hits all-time high, Facebook in talks with Winklevoss twins, trading firms over new cryptocurrency and more

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Tether’s [USDT] market capitalization hits all-time high, Facebook in talks with Winklevoss twins, trading firms over new cryptocurrency and more

Daily Crypto News – May 25

1) Bitcoin Wallet receives part of 5,000 BTC: A recent Whale Alert highlighted a transaction on May 24, where a large sum of Bitcoin [BTC] exchanged hands between two anonymous wallets. According to the alert the transaction took place at 22:13:23 + 1 minutes and 5,000.00001092 BTC was transferred from an unknown wallet, with address 19SiCYaYKZh9A8HUjuh14eg5wtYzKxiFbB, to another unknown wallet with address 14GcjGjxwadzcpmq9EG3KUgTKATjurbnWt.

Read more at https://bit.ly/2VRQwb0

2) Bitwise Report 2.0: Bitcoin [BTC] futures continues growth: On a month-on-month basis, Bitcoin Futures saw a massive bump in April trading at an average of 10,000 contracts daily, peaking on April 4, with over 22,000 contracts traded. To put that number in perspective, in March 2019, the average contracts traded was less than 4,000. Despite the high standards set in April, the average daily contracts traded in May, with 25 days gone has exceeded 14,000 and still looks to grow, given the price performance of Bitcoin.

Read more at https://bit.ly/2W40sTR

3) Craig Wright on private keys: Craig S Wright has, for years, claimed he is the true creator of Bitcoin [BTC] without providing a shred of evidence to support the same. With the crypto-community levelling, Wright could prove his worth by sending BTC from Satoshi Nakamoto’s touted wallet containing around 980,000 BTCs, the BSV man in a twisted cause and effect situation, stated he will “sign” into his wallet only when he proves he is the creator.

Read more at https://bit.ly/2X6fdlw

4) Tether’s [USDT] market cap hits ATH: Tether and Bitfinex are being closely scrutinized now more than ever due to the NYAG’s lawsuit; however, the scrutiny doesn’t seem to have affected Tether as the market cap of USDT has increased by over $100 million in approximately 70 days.

Read more at https://bit.ly/2McaTjE

5) Tether volume shift: Another controversial topic in the cryptocurrency industry was the issue of fake transaction volumes on many of the popular cryptocurrency exchanges. The magnitude of the topic was so large that even Changpeng Zhao, the Chief Executive Officer [CEO] of Binance had raised red flags. This topic and Tether as a whole received another twist when Larry Cermack, the Director of Research at The Block, pointed out a few parameters when it came to the said volume.

Read more at https://bit.ly/2wmk4mJ

6) Bitfinex’s LEO tokens listed on Delta Exchange: Bitfinex’s Leo tokens faced quite a lot of criticism when they were announced, due to the missing $850 million funds from Bitfinex. The private investment round by Bitfinex also faced a lot of heat from the media. However, in a recent development, Leo tokens are being listed on various exchanges for trading.

Read more at https://bit.ly/2HUEnNB



7) Robinhood en-route a projected valuation of $7 billion: Robinhood, the California-based cryptocurrency exchange made headlines recently when a source close to the organization revealed that it was on the verge of closing their latest round of funding at a valuation of a whopping $7 billion – $8 billion. Sources even claimed that the current round of funding could act as a precursor to an even bigger round of funding, which would pit Robinhood with the bigwigs like Coinbase and Binance.

Read more at https://bit.ly/2W64KKj





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