Bitcoin Forum

Starve the beast

Crypto Currency Exchanges, miners, and other related companies, have been making billions of USD in profit over the years from BTC, and will likely continue to do so.

Bitcoin is the Golden Goose that lays a conveyer belt of Golden Eggs. That is a tenacious trend that is in everyone’s interest to protect at all costs. 

CSW has hinted that his latest legal salvo is only the start. No doubt his ultimate aim is to get hold of the Bitcoin name as well as trying to cause many other problems in the space. Yes, most of his legal games probably won’t work (unless against a single person who can’t properly defend themselves because of time/money) but that’s not the point. The point is he’s going to continue to mess with the space so is a threat to the BTC Golden Goose and all the profit it produces. Think for a moment about the media’s love affair with BTC FUD? Throw in CSW and his stupid games and how they’ll love to write all sorts of nonsense. Yes, of course BTC can handle FUD, look at how it’s been eating ALL of it for the last 11-12 years but still, would you prefer more baseless media FUD or not?

So starve the beast.

How much revenue do you think BSV trading generates to the Exchanges? I’d hazard a guess, less than 2% of the total. Whatever the number is, it’s basically irrelevant in relation to the BTC revenue produced. Nice to have if you’re in the business of maximising profits but not a problem if the revenue is lost. Plus, if the majority of BSV revenue is generated from speculation against other CCs the speculators aren’t going to stop trading, they’re going to continue speculating on other crypto cross rates. So de-listing BSV might not actually reduce revenue in the longer term.

Getting rid of BSV revenue could be viewed as a strategic move to protect the other parts of your business akin to a General sacrificing part of his left flank to protect and secure his overall front.

ALL the exchanges should therefore consider de-listing BSV within the next month so as to starve the beast. CZ and some of the other big Exchanges obviously had foresight when they refused to list BSV right at the beginning. He recognised that CSW only brings problems and hassle so has been proved 100% correct. So if all the Exchanges de-list BSV that will put one big hole in the side of BSV and will in turn show CSW that his fight is against people and organisations far more powerful than he can ever hope to be.

CSW is a bully and the worst thing to happen to a bully is when they themselves get bullied by a much stronger person(s). Then they crumble.

Failure to deal with the multi-year festering sore that is CSW means it’s only going to get worse, stink worse, and be a greater problem and distraction in the future.

PS. I don’t know too much about miners and how they operate but the above applies to them as well. Stop mining BSV because you’re feeding the beast. I know Calvin also mines, so let him do everything. 

BSV was created On 15 November 2018 and Binance and a lot of other exchanges all listed it while the trading volume was high and it was profitable for them. Then after 6 months of enjoying the revenue, when the volume of this shitcoin started going down and some drama appeared they started delisting it on April 2019.

More than many altcoins BSV is an outright scam-- it's value depends on an obvious lie, it's authors are fraudsters.  If these idiots will threaten to sue bitcoin developers (who wrote much of the code their shitcoin depends on!) -- will the hesitate to ship a backdoored node? -- will that notice if someone submits one?

Clearly a lot of exchanges are fine with the ethics of selling fools gold to suckers, but BSV is just a liability.

A lot of the exchanges that list BSV appear to have clearly fake volume.  So which exchanges with BSV are the ones that matter?

Since it's a scam, it does not help investors but it will only take their money.
Exchanges still are listing BSV because they can make money from it, no doubt about that and until there's no court order to delist this coin, they'll continue to do so. Per record, it's trading volume is over $1 billion (https://coinmarketcap.com/currencies/bitcoin-sv/markets/)

Binance IMO has improve their reputation for delisting BSV https://coingeek.com/bitcoin-sv-haunts-binance-ceo-and-causes-need-for-explanation/

I'm not sure when other exchanges will follow.

Thanks, I stand corrected.

But I think CZ delisted it because of CSW's antics at the time. Can't remember what he was ranting about at that time.

Anyway, the point stands, CSW is after the BTC name and maybe even the database. Yes, he won't win but does the industry need his hassle?

Not just “to consider”, but actually delist BSV as soon as possible. Exchanges should never put up with entities who are unethical, who spreads disinformation, and make fraudulent claims that are backed with legal action if you speak against them.

When is CSW's bday? Asking for a friend. Let's plan a strike on all the exchanges that won't de-list BSV. We stop buying from them until they stop selling shit to us.

Great idea @Calculus99

Essentially what we need is a "United Front" against BSV, cooperation between all the
vested interests of Bitcoin to shun the shitcoin.

What we dont need is another stick for the critics to beat Bitcoin with and CSW is just
a distraction, and annoyance, a nuisance, a pest.

The following groups are what I could suggest but I suspect the Media would be the
most difficult to convince but we can boycott every article with CSW and BSV by not
reading.

We the people
Miners
Exchanges
Service providers, Coinmarketcap, Blockfolio, Wallets
Gambling Sites
Media

I would also suggest a ban on both entities here on BCT, dont give them any traction
of discussion other than a Boycott discussion.

Agreed. Where possible, boycott everything BSV related ASAP.

- https://en.wikipedia.org/wiki/Boycott

Excerpt: "A boycott is an act of nonviolent, voluntary and intentional abstention from using, buying, or dealing with a person, organization, or country as an expression of protest, usually for moral, social, political, or environmental reasons. The purpose of a boycott is to inflict some economic loss on the target, or to indicate a moral outrage, to try to compel the target to alter an objectionable behavior."

De-list BSV now!

IMHO this de-listing should include the bitcointalk moderators locking all of the BSV threads in the altcoin section of this forum.

This is the bitcointalk forum, originally created by the real Satoshi Nakamoto ...

- https://bitcointalk.org/index.php?topic=5

Are Theymos and others not yet convinced that CSW is NOT Satoshi Nakamoto ?!?

...

Iron Maiden - The Number Of The Beast (Official Video) ...
- https://youtu.be/WxnN05vOuSM

...

EDIT: "Petition: Lock the BSV topics in the altcoin boards ... ?"
- https://bitcointalk.org/index.php?topic=5311515.0

I am proud of the fact that "Boycotting" originated in Ireland, its something
which was taught to us in school and one of the few things I remember from
my History classes back then.

Just to add to BitcoinFX's post:

The word boycott entered the English language during the Irish "Land War"
and is derived from the name of Captain Charles Cunningham Boycott, the
estate agent of an absentee landlord (the Earl Erne) in County Mayo, Ireland.

Boycott became subject to social ostracism organized by the Irish Land League in 1880.
In September that year, protesting tenants demanded from Boycott a substantial
reduction in their rents. He not only refused, but also ejected them from the land.
The Irish Land League proposed that, rather than resorting to violence, everyone
in the locality should refuse to deal with him. Despite the short-term economic hardship
to those undertaking this action, Boycott soon found himself isolated...

www.newworldencyclopedia.org (https://www.newworldencyclopedia.org/entry/Boycott#:~:text=Origin%20of%20the%20term.%20The%20word%20boycott%20entered,that%20year%2C%20protesting%20tenants%20demanded%20from%20Boycott%20)

A very fitting action against CSW, BSV.

Even though I'm personally for open markets whereas people could invest and sort of "believe" in things they want, man, this is one of those rare instances whereas I'd just nuke that crap into nonexistence if I could.

Huobi Global and OKEx are the only sort of "big" exchanges left that allows BSV trading. While I totally doubt it(because of the wasted potentially earnings), wish this move by CSW would be the last straw for them.

There's BCash and there's BSV. Two scam fork-based shitcoins done from second 1 against Bitcoin.
We allowed them grow and now we see the results.
Unfortunately most cared of getting extra money than thinking seriously to boycott them both from the start...


I guess that it would be nice to get everybody on social media, support, whatever ask those exchanges prove they have a spine and delist at least BSV.

No need for to get the media onboard because they don't talk/write about BSV. They aren't interested and here's the proof -

Google - Bitcoin BSV
Click the News tab
Look at the top 30 listings.

The last time I looked (a few days ago), 27/30 articles were from Coingeek, owned by Calvin.

The other 3 were from minor websites talking about BSV price action - as in it bounced from the x moving average with y volume, next support expect at some level, that sort of crap.

Telling isn't it that nobody in the media talks about BSV when we're told it's so good it's going to take over the internet...

From the recent letter sent via CSW's lawyers to @jack at Square.

“We should add that our client, and others associated with him, have further rights relating to the Bitcoin technology and the Bitcoin name. It is their firm intention to enforce such rights in due course.”

CSW is NOT going to stop at the White Paper.

Chances are the Bitcoin name is next in his plans, then the tech/code/database etc.

Yes, it's fanciful, but still, it doesn't look like he's going to stop....

The first commit to Sourceforge tells:


See:
https://sourceforge.net/p/bitcoin/code/1/tree/trunk/
https://archive.is/3mJAh

And also the main.h of the pre-release at Nakamoto Institute tells:

see: https://satoshi.nakamotoinstitute.org/code/
and: https://s3.amazonaws.com/nakamotoinstitute/code/bitcoin-nov08.tgz
and: https://bitcointalk.org/index.php?topic=382374.0 ( https://archive.is/1x8NT ) <-- here user Cryddit also posts Bitcoin source code as it was in the mailing list.

The official statement on their website is vague and simply states that it doesn't meet "standards".
https://www.binance.com/en/support/articles/360026666152-Binance-Will-Delist-BCHSV
But the real reason may have been some drama on social media where the scammer was attacking different people on twitter (https://www.coindesk.com/binance-delists-bitcoin-sv-ceo-calls-craig-wright-a-fraud)

The main reason why the scammer remained at large is due to the initial attention that the community, specifically Gavin Andresen gave him. Now he just gets bolder every day and causes problem for more people.

Remember when there was that whole SegWit2x drama and exchanges were seriously considering that 2x will replace Bitcoin, despite the fact that it had only one developer, lmao. We have tons of evidence combined in all the years that exchanges only care about short term profit, they don't do anything to help the network or even their customers, as evidenced by their slow progress towards adopting segwit.

I support the move. Craig Wright is malcious, dishonest, and he goes against what Bitcoin stands for. Although, it could take some very influential people in the forum, or the community in general to convince theymos to lock and censor all BSV-containing topics/threads.

Watch out! You are only luring him... :D

https://i.ibb.co/xSDsh43/4u6f0s.jpg

What, this guy ?


 ::)

Of course! Everyone knows that the guy is mentally ill... :D

https://i.ibb.co/VSJy5zd/4v00nu.jpg   https://i.ibb.co/jw49NY6/CSW-02.png

---

And then only this will help:

https://i.ibb.co/XsPfbF0/Scammer-Spray.png

https://www.reddit.com/r/bsv/comments/l3peo2/punishment_of_god_wright_court_filings_expose/

Next project? digging a grave for BSV.

It never works. There are thousands of small-sized cryptocurrency exchanges around and CSW can easily purchase a few dozen of them and keep his BSV shitcon floating. BSV is already banned from most of the large-scale and medium-scale exchanges, after CSW did some drama in mid-2019. But back then, then entire episode proved to be beneficial for him. When the exchanges delisted BSV, the prices crashed and CSW accumulated as many coins as he could. After that (within 1-2 months) there was a massive pump, triggered by him. According to reliable sources, he sold a large number of coins at that point and earned a large profit. We should be careful not to give any such opportunity to him this time around.

It's not clear to me that many if any of those "small size" exchanges matter at all.  Their volume tends to be obviously fake, etc.

It would also act as a signal for exchange integrity:  If only scammy exchanges list BSV you get an additional quick check if an exchange is scammy.

The idea of avoiding him profiting from market manipulation is a good one, but when it comes to BSV there is just no way to stop him OTHER than to reduce the exposure noobs and suckers get to the scam asset.

Another possibility would be for exchanges to change their listing to "PRICE ONLY GOES DOWN" mode:  No order can be entered to trade if for higher than the last price...  exchange it all you want there, but you can never increase the price.

Do you really think that those small exchanges would be good enough for his ego? I don't think so.
Also, if the coin is not present at the top exchanges it becomes more obvious even to newcomers that's a lower rank coin.

No, if BSV would get out of all main exchanges it would be a hard blow for CSW, no matter what else will happen next.

These rants sound like the worm decided to replace Trump as the next bully who thinks he can gain power demagoguery and saying things about "draining the swamp".  He has been trying to preach to a lot of people about him being the real Satoshi but till now, he could not draw more than a handful of articulate or decent individuals. All he could muster has been a lot of wannabe scammers who want to have a chance at being a "Bitcoin" OG. Others he attracts are equally deranged and the kind of people who love to piss against the wind just for the heck of it, not bothering about getting their pants and feet wet with their own excrement.

When all that has failed, he has resorted to this sort of hyperbole and intimidation about lawsuits and tracking transactions and what not. While nobody should care about his rants, he does talk about targeting individuals and clearly talks about litigation to make their lives difficult. If such a time arises, the community will have to rally to support the individuals against any of that funny business. I hope Bitcoiners can find the right resources and motivation to do that.

More public calls for exchanges to drop BSV (bitcoin scammers' version):  https://twitter.com/DanDarkPill/status/1353039875239362565

One comment there mentions coinmarketcap -- maybe even just as important as exchanges are these "market cap"  listing sites,  that end up listing BSV as #14 or whatever due to their illiquid clone-coin fraud... copy the bitcoin ledger then fall to a low enough value that most people won't be bothered generating risk moving the coins.  These presentations do a lot to falsely convince ignorant members of the public that this scam is credible.

Getting them to fix their market cap metrics to not count coins that will never move is probably not going to happen, but getting them to drop a scammy coin that is threatening the whole industry (-- as these sites will eventually be demanded to stop calling Bitcoin, Bitcoin) would be a good move.

Rather than making public calls-- I recommend people reach out privately, especially to places you do business with.

This whole CSW stuff has become quite annoying now, ever since his grand entrance all over mainstream media, and Gavin's subsequent removal from Core (which whipped up big blockers even more and contributed to the division -- if not for CSW, Gavin could have been removed quietly), he's been stirring up endless drama and being a thorn on the side of Bitcoin. For a while we got rid of him, and he fucked off into Bitcoin Cash, where he caused even more drama, hash wars, etc. It's not enough that now he has his own new SV coin, and a lot of brainwashed followers, he's going ever further with these endless legal disputes with various people.

This story isn't going to well. His own issues, combined with the people who are convinced he's Satoshi and put a lot of money into SV, and Calvin's willingness to just throw millions of dollars into this money pit of litigation, it's going to all come crashing down with many people bankrupted and ruined along the way. If he really does go after people contributing to open source Bitcoin projects, I think big money and well connected folks are going to step in and nudge the relevant government agencies to start investigating him, guys like jack, saylor, etc.

People don't get how big Bitcoin has become, there's huge financial institutions stepping in, lots of billionaires invested, and lots of quiet Bitcoiners in various branches of government, heck, I was surprised to see Anthony Scaramucci's firm start hosting the whitepaper. Even Fidelity essentially told him to fuck off and started hosting the whitepaper. He got a taste of the type of blowback he might get, but that's nothing compared to the war chest of money and influence that will come crashing down on him if he makes good on his legal threats. He really also has to keep in mind that it doesn't cost that much to 51% attack BSV, and if he keeps doing this shit, I can see SV's chain getting fucked with too.

Let's see if his law firm SCA ONTIER distance themselves from him, perhaps realizing they risk exposing their business to a lot of negative press here.

One down:

https://finbold.com/australias-biggest-crypto-exchange-delists-bitcoin-sv-bsv/

Should we really give him this much attention. He's already broke. He spent so much money setting up BSV mining operations and paying people to interview him and what for?

Nobody accepts his coin anywhere, it got delisted from many big exchanges, it's losing value. It's going to fall into obscurity in time.

"I've received a death threat from someone associated with the BSV community.

This person somehow discovered one of my business numbers, called me up, and made clear they would "shoot me point-blank" once they find my personal information."
- https://twitter.com/CobraBitcoin/status/1356024146413629440

Once again incidents such as this one confirms that who are supporting CSW and his shitcoin. The last time I checked, BSV was ranked 17th on Coinmarketcap. This was a coin which once managed to get itself to the top five list. With all the latest drama, I guess it is just a matter of time before the users kick BSV out of the top 25 list. Eventually, it will end up like the other forked shitcoins such as Bitcoin Diamond or Bitcoin Cloud. But watch out for CSW. This guy is really cunning. Before his shitcoin become worthless, he will cash out most of his holdings.

The problem isn't in the crypto exchanges that listed BSV.The real problem is in the crypto traders.
Who the hell would buy a shitcoin like BSV?What's the purpose of this shitcoin(other than pump&dump)?
Are there any people,who really believe that BSV is "the real Bitcoin" and BSV will ever replace BTC?
Craig Wright will continue forever with his clown game,as long as he has at least a little bit of financial benefit.He is a crazy guru of a crazy sect,but a guru is nothing without his followers...