- With the Bitcoin Cash hard fork set to occur on November 15, the disagreement between ABC (Roger Ver) and nChain’s SV (Craig Wright) is poised to result in a disruptive chain split.
- While trading preference leans toward the original Bitcoin Cash ABC protocol backed by Roger Ver, at least 60% of the hash power on the network appears to side with Craig Wright’s SV protocol.
Bitcoin Cash, the fourth largest cryptocurrency by market cap, has been the center of attention after the controversial Austrian scientist Craig Wright announced plans to launch his version of BCH that fulfills Satoshi Nakamoto’s vision for Bitcoin.
Therefore, the nChain CTO and the self-proclaimed Satoshi Nakamoto released a competitor to the protocol behind the original BCH, causing a disagreement within the Bitcoin Cash community. He named the protocol ‘Bitcoin Satoshi Vision’ or SV in short.
More than 60% of the hash power backs Satoshi Vision
According to data from Coin Dance, Bitcoin SV has accrued a majority of hashing power ahead of the hard fork. Coin Dance estimates that at least 66% of BCH miners are supporting the nChain’s SV network, compared to a mere 18% advocating for Bitcoin Cash ABC.
OKminer, BMG Pool, Mempool, CoinGeek, and SVPool – which have all backed Bitcoin SV based on public statements – control at least 73% of the network hash rate, according to Coin Dance.
Earlier last week, Wright vowed to kill Bitcoin Cash and bring its value down to zero if ABC rules get implemented, according to an email he purportedly sent to Roger Ver. The email reads in part:
“Side with ABC, you hate bitcoin, you are my enemy. You have f–king no idea what that means. You Will. I AM Satoshi. Have a nice life. You will now discover me when pissed off. And, no. You Could have had proof. Your choice. F**k you.”
Roger Ver, better known as ‘Bitcoin Jesus’, is just as controversial in his opinions as his counterpart Craig Wright. Even so, both are strong believers of Satoshi’s Bitcoin vision.