Home News Bitcoin Vitalik Buterin Feels BSV Is a Scam; Binance Has Too Much Power

Vitalik Buterin Feels BSV Is a Scam; Binance Has Too Much Power

June 06, 2019 14:29
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In a recent interview, conducted by YouTuber, Hardcore Crypto, saw Ethereum co-founder, Vitalik Buterin, reveal what he really thought of the whole Bitcoin Cash SV and the mass boycott that followed.

While admitting that there was no doubt SV was a scam, he also stated in no uncertain terms that cryptocurrency exchange Binance has way too much power. For those who didn’t know, the whole fiasco started when Craig Wright, the self-proclaimed inventor of Bitcoin filed a libel suit against a Twitter user @Hodlonaut for challenging Wright on his Satoshi Nakamoto claims.

It all began when a post from @hodlonaut, labelled Craig Wright as a fraud and alleged that he was misleading the entire crypto community. Wright’s legal team sprung into action and sent @hodlonaut a direct message, threatening to sue him for defamation. The legal correspondence asked @hodlonaut to apologize and agree that Craig Wright is indeed Satoshi Nakamoto. @Hodlonaut was further told to either tweet an apology or make the statement before a judge, failing which he should be prepared to face legal action.

Following that, Binance called for all the major exchanges in the crypto sphere to delist BSV. While nearly all exchanges responded to the call to action, some exchanges decided to go against the grain and not delist BSV.

Now, Buterin says, “There are arguments in favor of it, but then there’s also an argument that this is a centralized exchange that’s wielding a lot of power.”

This is an interesting statement for the Ethereum co-founder to make. After making a statement calling for all centralized exchanges (including Binance) to burn in hell, at the time, Buterin was one of those individuals to support delisting of BSV.

As we reported earlier, for Vitalik, who hates Craig Wright and also hates centralization, it was a close call to determine whether he should support or not support the movement. And he has also admitted the same in a recent blog post on the matter. He said:

“I personally have been a critic of the power wielded by centralized exchanges. Should I oppose #DelistBSV on free speech grounds? I would argue no, it’s ok to support it, but this is definitely a much closer call.”

In the end, it’s fair to say that while it comes to choosing between centralized exchanges or delisting BSV, Buterin would definitely choose the former as the lesser of the two evils.

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