Category Archives: BSV

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Weather Project in Queensland uses BSV Blockchain to Support Farmers

Weather Project in Queensland uses BSV Blockchain to Support Farmers

An Australian experimental weather project, WeatherSV, designed to serve Queensland’s farming community, is helping farmers to access important data through the Bitcoin BSV blockchain.

The work is the creation of IT professional Paul Chiari, a strong advocate of using agritect technology to support his local community, in the case farmers. WeatherSV was the result of his experimentation with data distribution and storage on the blockchain.

Chiari has found BSV blockchain as an ideal medium for storing date fed back through IoT devices located on surrounding farms, enabling him to utilize this data along with weather information collected from 40,000 weather stations around the world.

The result is users can now simply add their nearest weather station to access the output of the network and stored data by paying an equivalent of AUD 5 in BSV, using Moneybutton. Numerous channels have now been opened and are growing all the time, recently including membership in Guinea and China.

Chairi was astounded at how quickly his project grew and now sees 50,000 transactions a day as quite possible with 12,000 at present:

“We just did this as a hobby project… we did it for a bit of a laugh… Doing this stuff, and learning as you go and experimenting with it, it’s fantastic… The heavy lifting is being done and you’ve just got to jump on board and have a go.”

However, with Binance and Shapeshift dumping Bitcoin Satoshi Vision (Bitcoin SV) and then Kraken following suit, things don’t look too promising for the controversial crypto moving forward. Since Bitcoin SV forked from Bitcoin Cash in November of last year its been on a downward spiral. Although the network is operating, it is diminutive by comparison to Bitcoin, with 500 nodes compared to Bitcoin’s 9,000 plus. Its centralized hashpower is also of some concern as roughly 60% of BSV’s hash rate is by Craig Wright-supported CoinGeek and nChain.

 

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Kraken Joins Other Exchanges in Delisting Bitcoin SV for “Toxic” Behavior

Kraken Joins Other Exchanges in Delisting Bitcoin SV for

Major US cryptocurrency exchange Kraken has decided to delist Bitcoin SV (BSV) after polling its clients on Twitter over the past few days.

In a largely expected move given the response by other major exchanges, Kraken stated that BSV’s behavior was not in keeping with what it regards as ethical. The California based exchange’s official press release stated that BSV had “…engaged in behavior completely antithetical to everything we at Kraken and the wider crypto community stands for

The alternative crypto’s popularity nosedived after pseudonymous cartoon space-cat “hodlonaut” was threatened with legal action for disputing the legitimacy Craig Wright’s claims to be the founder of Bitcoin.

Since Bitcoin SV forked from Bitcoin Cash in November of last year it has been on a downward spiral. Only major exchange OKEx is continuing to run against popular opinion with rumors that it may be forming a BitcoinSV-centric cryptocurrency exchange called Float SV, with a launch planned for later this month, although it remains to be seen if the tide against BSV is too much and it too caves in and delists, abandoning its offshoot exchange idea in the process.

The poll gathered over 70,000 votes, with 71% of respondents voting to delist the currency. Kraken didn’t hold back on their condemnation of the alternative crypto’s moves to attack those refuting Wright’s claim. Kraken added:

“It started with fraudulent claims, escalating to threats and legal action, with the BSV team suing a number of people speaking out against them. The threats made last week to individual members of the community were the last straw.”

 

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Binance, Morgan Creek Bosses Call for Bitcoin SV Boycott

Binance, Morgan Creek Bosses Call for Bitcoin SV Boycott

Morgan Creek Digital co-founder Anthony Pompliano has joined Binance CEO Changpeng Zhao in their condemnation of alternative crypto project Bitcoin SV (BSV). Pompliano has even called upon all exchanges to delist BSV on 1 May 2019 to protest their founders’ claims that BSV is the “real Bitcoin”.

Pompliano did so through a series of Tweets yesterday, asking all crypto users and exchanges to show their solidarity with Bitcoin as the “only Bitcoin that ever mattered”:

Every exchange should delist BSV simultaneously on May 1st in a sign of solidarity behind the only Bitcoin that ever mattered.

This community is the responsibility of the people. Sometimes we must do the hard thing, not because it is easy, but because it is right.#DelistBSV

— Pomp 🌪 (@APompliano) April 12, 2019

Zhao had also thrown his support behind the movement, posting on his own Twitter the same day:

Craig Wright is not Satoshi.

Anymore of this sh!t, we delist! https://t.co/hrnt3fDACq

— CZ Binance (@cz_binance) April 12, 2019

Craig Wright and Calvin Ayre, the figures behind BSV, have repeatedly insisted that their project, which forked from Bitcoin Cash (itself a fork of Bitcoin) follows the original principles of Bitcoin; hence the name “Satoshi’s Vision” in BSV.

Wright himself has caused much controversy in the past by claiming that he was himself Satoshi Nakamoto, a claim that has been thoroughly refuted.

In the eye of the storm is now deleted user Hodlonaut, who had referred to Wright and BSV as a fraud on several occasions, after gaining fame for creating the Lightning Torch Bitcoin transaction relay with Bitcoin’s Lightning Network. Things took a bad turn when Ayre offered a bounty of 70 BSV (currently under USD 5,000) to successful “doxing” (a process to reveal the identity of someone anonymous) of Hodlonaut.

Apparently, cryptocurrency supporters have joined hands to launch a legal fund for Holdonaut, in the event BSV pursues litigation. The fund has already reached almost 75% of its USD 20,000 goal at the time of writing.

 

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