Category Archives: Bitcoin cash SV

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Tussle for Bitcoin Cash Name Ends

Billionaire cryptocurrency investor and Bitcoin Cash SV supporter Calvin Ayre has finally come out and said that the BCHSV doesn’t want the name Bitcoin Cash [BCH] anymore, thus, ending weeks worth of battle for the name.

The comments by Ayre were published on his own crypto blog called CoinGeek. He was of the view that the SV faction of Bitcoin Cash will continue to exist outside of ABC group and also the SV is the original Bitcoin itself.

According to the blog post:

“Bitcoin SV is the original Bitcoin, not the original Bitcoin Cash.”

While his tall claim may not be taken well by the cryptocurrency community, he did call the permanent hard fork of the Cash network a “win-win” solution and has asked the ABC group to permanently split the two Bitcoin Cash factions.

He also went on and repeated the same accusations of the SV group towards “Segwit Bitcoin (BTC)” and Bitcoin Cash ABC [BCH] networks by claiming that they had abandoned the original purpose and structure created by Satoshi Nakamoto and his system of Proof of Work-based mining.

While Ayre is not the supreme authority in the SV group, his voice has a considerable influence within the faction. He expressed hope that the new SV fork can be the last of this tussle as the purists are now in one group, and has now asked his team to start working with other members of the SV faction to release a completely independent coin which won’t have the name of Bitcoin Cash on it.

The recent Bitcoin Cash hard fork divided the network into two warring factions, the Bitcoin Cash SV and the Bitcoin Cash ABC. Both of them were competing for getting the rights to the Bitcoin Cash [BCH] name which was among the five largest cryptocurrencies by market cap before the split.

Since Bitcoin Cash ABC was able to outperform Bitcoin Cash SV proponents in terms of hashrate, it won the right to retain the Bitcoin Cash name. But, amidst this tussle, the cryptocurrency market has taken a recent hit with Bitcoin (BTC) suffering as much as 55% loss in valuation since the hard fork was executed.

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