11/16 ANDY HOFFMAN (CryptoGoldCentral.com): Has Confidence in Bitcoin Been Weakened by the SV Fork? You’re Joking, Right?

Crypto’s bear market environment, featuring maximum lethargy and worry, is ripe for FUD and negativity. Moreover, BCash has been mortally wounded by operational failure; internal dissention; and the Sword of Damocles, of Bitmain’s need to divest its million-plus coin stake. Thus, as I predicted back in February, it was inevitable a civil war would break out.

https://twitter.com/Andy_Hoffman_CG/status/1062342722042744834

Logically, one would think this was positive for Bitcoin. I mean, after spending all of 2017 watching Bitcoin plunge each time it was falsely suggested BCash was “succeeding,” you’d think Bitcoin would surge on the prospect of BCash collapsing - which make no mistake, is exactly what is happening. However, in this period of maximum fear, maximum FUD has again won the day, for now…just as Craig Wright; i.e., “Fake Satoshi”; wanted. So much so, even Tether initially plunged – as if the SV fork were somehow going to destroy all of crypto.

https://steemit.com/andyhoffman/@andyhoffman/11-14-andy-hoffman-cryptogoldcentral-com-bcash-plus-tether-plus-etfs-maximum-ridiculous-bitcoin-fud

Nearly 24 hours after the SV fork, I’m still muttering “Satoshi’s Vision” with incredulity – as aside from the irony of its namesake being Roger Ver’s rallying cry during last year’s “scaling war,” I still don’t understand exactly what Craig Wright is trying to accomplish - and how on Earth he expects to succeed.

I didn’t think someone in the Bitcoin community could be so hateful and destructive, he could actually make people forget the damage Roger Ver did. Roger, as misguided as he turned out to be, at least believed, early on, that BCash was actually “Satoshi’s Vision” - and risked much of his personal capital to see it through. However, once he got in bed with Bitmain, that all changed, when he realized how much the market could be manipulated to his benefit - a skill that morphed from luxury to necessity when it became apparent BCash was losing the war.

Wright, however, has shown sociopathic tendencies from the start; starting with his ridiculous claim to be Satoshi Nakamoto…that could have easily been proven if true – which of course, it’s not. He then joined forces with the evil BCash movement – and when it failed, decided he would take it over via the crypto coup known as the “Satoshi’s Vision” fork.

Why someone would want to usurp BCash is beyond me, as its failure to scale has been spectacular – as evidenced by its hash rate being LOWER than when it forked 15 months ago, whilst Bitcoin’s is eight times HIGHER. However, in calling SV “Bitcoin,” he is clearly attempting to resurrect Ver’s tactic of claiming his coin – i.e., “Satoshi’s Vision” – is the real Bitcoin.

Clearly, this is his ultimate goal, though its unfathomable how multiplying BCash’s already gargantuan block size by an additional 4x is going to accomplish this. Aside from it being soundly proven big blocks can’t scale, Wright has no support in the Bitcoin community – which for the most part, considers him persona non grata. His biggest “weapon” is the vile gambling mogul Calvin Ayre – who likely understands little about cryptocurrency, but everything about war; and his biggest “trump card,” the ridiculous claim SegWit has a fatal flaw, that he intends to exploit sometime next year. Seriously, I’m not making this up!

Heading into the fork, it was suggested that 60%-70% of BCash’s network hash rate was signaling support for SV – but nearly 24 hours later, it doesn’t appear that BCash’s hash rate has declined much at all…

https://bitinfocharts.com/comparison/bitcoin%20cash-hashrate.html

…which is probably why, as I write, SV is being valued by the market – if you believe SV “futures” are not manipulated by Ayre’s billions – at just 25% of BCash.

https://www.tokendaily.co/bitcoin-cash-satoshi-s-vision-futures

Frankly, I could not care less if SV ultimately wins or loses the war for BCash – though if early results are indicative, it likely will not. Either way, in the big picture, I simply see the SV fork as yet another (relatively minor) hurdle for Bitcoin to cross – with its only real “weapon” being the aggressive, belligerent tach Wright is taking, in a bear market environment where investors are most vulnerable to FUD.

https://steemit.com/andyhoffman/@andyhoffman/11-15-andy-hoffman-cryptogoldcentral-com-the-sv-fork-just-another-obstacle-for-bitcoin-to-hurdle

To that end, take it from one of the Bitcoin community’s most knowledgeable people, Trace Mayer – in his must hear interview with Adam Meister last night – that not only is SV inconsequential to Bitcoin, but “the inferior chain, run by the inferior brain.”

https://steemit.com/bitcoin/@bitcoinmeister/live-at-3pm-est-trace-mayer-speaks-the-bitcoin-truth

https://twitter.com/Andy_Hoffman_CG/status/1063397478429388800

So, to anyone who believes SV is actually causing confidence in King Bitcoin to decline, I would simply respond by asking, “you’re joking, right?”