What's wrong with BSVision? EVERYTHING

I spent a few hours watching and reading SV propaganda, so I'd like to summarize my findings. I welcome any additions from others in the community who are more technical and/or more knowledgeable. And of course I'd love to hear from the army of trolls that seem to be hounding me more and more lately. /s

Craig and Calvin have changed their tune AGAIN over the last 2 weeks. Since the SV hard fork failed to rewrite the BCH consensus rules, they had to give up and admit there would be a new coin, now deemed "Bitcoin SV", but referred to as BCHSV or BSV on 99% of crypto exchanges. I will refer to it as BSV because I prefer to call it BSVision, which echoes my opinion on the coin most closely. Claims that BSV is "Satoshi's Vision" are most despicable, because BSV is the precise opposite of the founder's vision - 95+% of BSV mining is controlled by Craig and Calvin, which is the most fundamental violation of Satoshi's principle that the Bitcoin network cannot be trusted if one person controls more than 51% of the mining.

Craig and Calvin generally use the increasingly common "Fox News strategy": first attacking their opponent relentlessly, and then claiming to solve all of their criticisms with their rival concepts and products. This is done with either no evidence at all, or using a very thin narrative which falls apart under scrutiny. Often C&C's rival narratives are spun up very rapidly on social media, each time noting the response and gauging the response from the community. Examples of this are "centralized checkpoints", "unapproved changes to the protocol cause harm", "development strangled by the ABC team", and "toxic community which suppresses innovation".

The current spin from Craig and Calvin is that BSVision "is Bitcoin". They have tried to erase their failure to take over BCH with this claim. Noticeably, the Bitcoin Core team and their minions are not furious about "attempts to hijack the name and brand of Bitcoin". This is highly unusual, because there is a very vocal team of people who constantly harp on Roger Ver for saying "Bitcoin Cash is Bitcoin". That fact aside, BSV is essentially the ABC codebase with very few changes (12 commits to the ABC base code). And since BSVision mining is absolutely controlled by Craig and Calvin - these two people could decide whatever they want about BSV tomorrow, and the users would have no choice but to accept it. The only possible spin here is "at least it's better than devs arguing in a toxic manner on forums and chat and then deciding without consensus", ignoring the fact that the creation of this toxic environment is 100% attributable to BSV shills, trolls, and other saboteurs.

In another twist of irony, Calvin claims that "Bitcoin's business plan is not viable", which simultaneously papers over the fact that Bitcoin is not a corporation and wouldn't work as one, and simultaneously attempts to justify a corporation-run coin like BSVision. Previous attempts to have a corporation run a coin have all failed and/or been shut down by the government as scams. The only exception to this is Ripple, which was forced to pay a massive fine in 2015, and now is tightly regulated by the US government. Regardless of the consequences, corporation coins also are not cryptocurrencies, a cryptocurrency is by nature and design decentralized with no single point of failure or absolute decision-making power. So in fact it is BSVision's business plan that is innately flawed - history has shown that any corporate-run coin can and will eventually end badly, with users losing the value they have invested.

In short, BSVision tries to spin its fundamental design flaws, lack of technical expertise, fraudulent beginnings, and completely compromised founders as ASSETS. This week likely marks the final attempt to salvage the BSV coin, with a massive PR blitz by Coingeek, and a huge pump on exchanges all over the world. I predict the entire operation will fail and the already-massive monetary losses of the failed hard fork and the pointless SV mining will compound further.

EDIT: thanks for the gold, my friends. Today I am finally feeling better about all of the hostility we experienced at the hands of Craig and others. BCH has only one way forward: up, up, and away!

submitted by /u/horsebadlydrawn
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from Bitcoin - The Internet of Money https://ift.tt/2BI1Tf3