Bitcoin Satoshi’s Vision (BSV) has suffered a huge public backlash after threats and lawsuits against the cryptocurrency community, leading many major exchanges to send the Bitcoin fork packing.
Following in the steps of Binance, the Kraken cryptocurrency exchange posted a straw poll to Twitter yesterday to gauge the cryptocurrency community’s opinion on the listing status of BSV. The poll resulted in a majority 71 percent of 70,000 users voting in favor to delist. Only a total of seven percent voted to keep BSV on the exchange, while a further 22 percent had no opinion.
Should Kraken delist Bitcoin SV (BSV)? #delistbsv
— Kraken Exchange (@krakenfx) April 15, 2019
The contention between exchanges and BSV stem from the recent actions of the blockchain’s major proponent Craig Wright. Wright has long held steadfast to the claim of being the creator of Bitcoin (BTC) despite providing any substantial evidence to back it up. He has been actively filing lawsuits against many who challenge this claim.
The ‘last straw’ for Kraken and the other exchanges moving forward with delisting comes as the result of Wright offering a $5000 bounty to anyone who can provide him with personal information of one particular outspoken opponent who uses the moniker Hodlnaut.
According to Kraken, Wright’s ‘behavior [is] completely antithetical to everything we at Kraken and the wider crypto community stands for.’
Kraken will halt all deposits to BSV wallets on April 22 and trading will cease a week later on April 29. Users who currently have funds in BSV will be allowed to withdraw until the last day of May.
The entire situation is a first for the cryptocurrency community and has reignited a hot debate on the virtues of censorship and ethics in the space. While many major exchanges seem to be in favor of delisting, others like Okex claim that Wright’s actions don’t disqualify BSV from remaining listed.
Do you think the recent exchange delistings are the final nails in the coffin for BSV? Is the community overreacting to the actions of Wright and BSV? Let us know your thoughts in the comments below.
Images courtesy of Twitter, Shutterstock.