1 Level
40 Review
24 Karma
Review on Bitcoin SV by Aniruddh Ravel
BSV a risky coin
Eventhough Bitcoin SV is a hardfork of a hardfork (bitcoincash) of Bitcoin and the protocol is actually the closest to the original whitepaper of all existing bitcoin forks out there, you should be aware that one of the most vilified people by the cryptocommunities (Craig Wright is also known as Fake Satoshi, because he identified as he the “real” Satoshi, which he then couldn’t prove; since then most people regard him as a scammer), is in leading charge of this coin. Also the mining power is far over 51% in the hands of 1 entity, so it is a fully centralized coin. I do not trust this Bitcoin/Bitcoin Cash fork for 1 single BIT. And then that super ridiculous logo....pretty sure that ISN'T "Satoshi's Vision" at all!
Pros
- Price increases hard because of craig wright owns huge bitcoins so some time investors earn huge money
Cons
- Risky coin to hold
- Many exchanges such as Binance, Kaken and many more delisted BSV
