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Craig Wright could have the last laugh since the Bitcoin SV (BSV) has increased dramatically in the market capitalization. The controversial cryptocurrency has surpassed not only Tether, EOS and Litecoin, but also its main rival Bitcoin Cash ABC now advertised as Bitcoin Cash (BCH).
At the time of writing BSV is $ 109.68 with a market capitalization of $ 1,916,900.135 in 5th place. While rival BCH is $ 102.58 with a market capitalization of $ 1,794,831,347 in 7th place.
Image source: Coinmarketcap
The overall cryptocurrency markets are falling dramatically, but the BSV has clung and is trading with a significant amount of trading volume. Bitcoin ABC was the overall winner and favorite during the hard fork, but that did not stop Bitcoin SV. He demonstrated that long-term vision and fundamentals are as important as negative comments.
Bitcoin SV justifies and highlights the nature similar to Bitcoin cash. It is led by Calvin Ayre and Craig Wright, with a design to facilitate fast, cheap and peer-to-peer money transfers. According to the Bitcoin SV team, he is supporting the original vision of Satoshi Nakamoto for a form of electronic money peer to peer.
Bitcoin SV is enabling blocks of unlimited size. Craig Wright tweeted a hint to "Biggest Blocks Win" and "Gigabyte in 2019".
A reminder.
If Bitcoin does not scale the chain, it loses its security premise, the one based on the economy.
Bitcoin is an economic system. Only one survives.
The biggest blocks win.
Gigabyte in 2019
– Dr Craig S Wright (@ProfFaustus) December 7, 2018
Bitcoin SV is the only cryptocurrency that appears to be in green while the market is in red. Bitcoin Cash's hard fork has increased by more than 20% in the last 24 hours, increased by 7% in a few minutes, which suggests market manipulation.
Most of the volume comes from the Korean Upbit exchange followed by Binance and Bithumb.
Image source: Coinmarketcap
Take of Blockmanity
Things are not going well for Bitcoin Cash ABC. An American company based in Florida has filed a lawsuit against Bitmain, Bitcoin.com, Roger Ver and Kraken Exchange. The case claims that the defendants have planned a plan to take over the Bitcoin Cash (BCH) network. If this proves true, Bitcoin SV will end up with the real winner of the bitcoin hash war that took place on November 15, 2018.
Read also:
Craig Wright shares the vision and roadmap for Bitcoin SV
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