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- CoinGeek founder, Calvin Ayre took it to Twitter to demand Bitcoin Satoshi’s Vision (BSV), to trade independently from all the other altcoins in the market.
- The Ayre Foundation owner also went on to state that many exchanges are already taking part in the BSV-focused ecosystem.
- Bitcoin SV has been on a bullish growth of near 80% in the past week when it went from trading at $173 to a whopping all-time high of $441.
Famous BSV proponent and CoinGeek founder, Calvin Ayre took it to Twitter to demand Bitcoin Satoshi’s Vision (BSV), to trade independently from all the other altcoins in the market.
Ayre went on to explain that BSV is the real utility and altcoins don’t represent any form of service and should, therefore, be self-reliant. Ayre also went on to point out that the current price rally that BSV has been on is just the market realizing the actual utility of the currency.
What we want is for original bitcoin protocol tokens (BSV) to trade independent from all the alt coins. This should be how it works as BSV is utility and alts are non utility so are not same. Today the markets are demonstrating they understand this.
— Calvin Ayre (@CalvinAyre) January 19, 2020
The Ayre Foundation owner also went on to state that many exchanges are already taking part in the BSV-focused ecosystem and that will be optimized for the use cases that BSV will serve.
He even went as far as to say that there was no more need for the current exchange model that BSV was part of. Ayre has always been seen as a strong proponent of BSV, going far enough to call most other smaller cryptocurrencies being failures.
Time and time again, Ayre has gone over his ideology that BSV-oriented exchanges will help trade everything against BSV, and its blockchain will manage the transactions. Ayre has also stated that exchanges that don’t list BSV are bound for collapse.
Bitcoin SV has been on a bullish growth of near 80% in the past week when it went from trading at $173 to a whopping all-time high of $441. The price quickly dropped back down below $300 within the same day and caught again up swiftly enough back into the lower $300 range. Bitcoin SV is currently trading at $260.46 as the time of writing.
Although there are many BSV supporters and Nakamoto fanatics that will form a consensus with Ayre’s opinions, realistically, it is more reasonably evident that the recent BSV price surges are simply due to the developments in the Craig Wright – Dave Kleiman case.
Craig Wright recently made claims that he now has possession of a large amount of Bitcoin holdings, which allegedly are some of the first Bitcoin ever mined which is known to belong to Satoshi Nakamoto, the creator of the famous cryptocurrency.
Wright’s purported possession could seemingly prove him as the inventor of Bitcoin, and these events have resulted in Bitcoin SV’s massive growth.
Ayre’s claims on Bitcoin SV replacing BTC or even other altcoins in terms of utility also seems quite far-fetched. Since Bitcoin already has a large community backing it and global recognition in a way that Bitcoin SV will find hard to realize.
Other altcoins like Ethereum, also hold more functionality than BSV, in that it has a platform on which dApps can build as well as run smart contracts can deploy.
Compared to this, BSV pales in comparison and even though it’s recent market surge might prove beneficial as more people jump in on the BSV bandwagon, it isn’t going to promote long-term sustenance of the currency.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
