Antoher long-time Bitcoin Core supporter switches to Bitcoin SV

Another long-time Bitcoin Cash supporter switches to Bitcoin SV

In February, long-time Bitcoin Core (BTC) fan Kevin Pham announced that he was switching his alliance and would begin supporting Bitcoin SV (BSV). The move was symbolic, given Pham’s history with cryptocurrencies, even though some have asserted that he only made the announcement to irk the Bitcoin Cash (BCH) community. Regardless of the reason, it shows the value BSV has and Pham is now joined by a long-time BCH fan who has jumped on “the Bitcoin SV train.”

According to a post on Yours.org, the unidentified BCH supporter recently had a conversation with a friend while wearing a BCH shirt. The friend asked him if he was “on the Bitcoin SV train yet,” to which he replied, after a little bit of thought, “Yeah… I am.”

The author explains in his post, “I’ve been working in crypto media and PR for years now, so I’ve seen a lot happen. I also understand the ecosystem and the people in it pretty well. There’s a lot of hype, hope, idealism, greed, and bullshit. And I’ve also met a lot of very cool people, some of whom are now my best friends. I’ve learned a lot and it’s changed the way I think, so much that I’d probably be a completely different person now had Bitcoin not come along (and so would the rest of you probably be too).”

He adds that BCH, when it was created, was the perfect solution to the “clunky and comically buggy Lightning Network” and that BCH was, at the time, continuing crypto’s original path. He adds of the BTC community, “Their attacks on BCH were childish and oddly uniform, their arguments often without substance. As with politics, that’s usually a sign for me that someone’s on the right side. And looking at the landscape objectively, all I saw was a Bitcoin that had been co-opted by a company with dubious connections that seemed antithetical to cryptocurrency principles. BTC may hit a million someday and they’ll see that as its greatest achievement. But all I wanted was money I could use without the political interference, delays and censorship that plague the failing and degenerate fiat financial system.”

The author believes that BCH is going to lose its traction and could “live in obscurity from here on.” He asserts that the BCH community is fractured and lacks cohesion, a point that has been published even by BCH’s own developers, and that BSV has an “actual vision and purpose,” as well as a more solid claim to be called the “real Bitcoin.” He adds, “Bitcoin SV is solving that problem with its mainstream-friendly message. After a decade in crypto you might not be 100% comfortable with that message, but it’s necessary. The internet had to put on several more normie-friendly hats and increase its functionality before it really took off — so does cryptocurrency.”

Kraken's crackin' up

Kraken’s crackin’ up

The Kraken cryptocurrency exchange is having a difficult time adjusting to the Bitcoin BCH hard fork. The exchange, which is backed by Bitcoin.com’s Roger Ver, called out BCHSV after the network upgrade, accusing it of not being a viable option, as it had no known replay protection and no support from major block explorers. Despite BCHSV apparently being a very bad idea and “an extremely high risk investment,” the exchange is moving forward with plans to support it.

Kraken’s own statement on BCHSV even says that “Some large holders have indicated they’d be dumping everything ASAP.” The exchange has repeatedly tried to push BCHSV under the bus for not being legitimate, which is surprising given that it admits, “Kraken has done only very minimal code review.”

Kevin Pham – crypto fan, Ethereum investor and outspoken voice of reason, decided to call out Kraken over its decision. When Kraken announced, “Kraken will credit client accounts with BSV and launch BSV trading at approximately 15:30 PST today, November 18th, 2018. The BSV order books will come online first, then accounts will be credited with BSV a short time later,” Pham wasted no time in reacting. He said on Twitter, “So you’re going to steal from BSV fork hodlers who are prudently waiting for the war to end before making an investment decision?”

Pham wasn’t done. He later targeted the exchange’s CEO, Brian Armstrong, directly, tweeting, “And Brian, Didn’t the ETC clusterfuck teach you to not listen to cult leaders and prematurely pick sides?

How are you still CEO?”

Kraken has already (erroneously) said that BCHSV is going to fail. If it believes that this could happen, it certainly doesn’t seem like a wise business decision to launch support of the cryptocurrency.

Pham, who is attributed with being a key figure in the ousting of Wells Fargo’s former CEO, John Stumpf, wasn’t done showing Kraken for what it truly is. He said in a recent Twitter post, “Coinbase has always been a political exchange. Sadly, Kraken now falls into that category now. Bullish on @binance, @Poloniex, @Gemini, @bitfinex? & @bitFlyer. Let me know of any other non-political exchanges that put user’s interests first.”

The California native knows his stuff and isn’t afraid to speak his mind. He is able to see through the fog and understand the bigger picture in a way that most people can’t. This is probably what led him to tweet yesterday, “ETH & ABC support cult leaders, short-sighted behavior (checkpoints/bailouts) & shitcoinery. BTC & SV support sound money & strict adherence to consensus rules. Bitcoin is ultimately an idea based in economic reality, not a ticker symbol. Not choosing a side is choosing a side.”