Feud Between CZ & Craig Wright Intensifies
Both CZ (Chao Zhenpeng) and Craig Wright are big names in the world of cryptocurrencies. CZ is the founder of one of the world's largest exchange, Binance & Binance coin. Craig Wright has long claimed to be Satoshi Nakamoto, the creator of Bitcoin & is the founder of Bitcoin SV. Recently Craig Wright's actions on Twitter have angered many in the crypto-space and CZ in particular.
Recently on Craig Wright threatened legal action against an anonymous Twitter user called Hodlonaut. The user claimed on social media that Craig Wright is not Satoshi, prompting Wright's threat of legal action. Wright's response infuriated many in cryptocurrencies and received plenty of backlash. This includes the launch of the Hodlonaut legal fund, which quickly reached its goal of $20K, and #delistBSV as a hashtag on Twitter.
The harshest response came from CZ who made some harsh comments on Twitter:
"Craig Wright is not Satoshi. Anymore of this sh!t, we delist!"
Is There a Case?
Craig Wright has jokingly been referred to as "Faketoshi" for years, due to his claims of being Satoshi Nakamoto. This appears to be the first time that he threatened to sue someone for denying his claim, however.
It is incredibly unlikely that Wright will be successful at suing someone for hurt feelings or denying his claim. It is even less likely that he would be able to uncover Hodlonaut's identity in order to sue him. The chance of any actual legal action seems pretty slim.
It seems that Craig Wright is still looking to punish critics and dissenters though.
Wright continued his path and sent legal action letters to Bitcoin podcast host, Peter McCormack for the following tweet:
I would like to formally state that:
1. Craig Wright is not Satoshi
2. Craig Wright is a fraud
3. I hope as many people ReTweet this as possible Please send legal correspondence to 5 Goldington Road Bedford Bedfordshire MK40 3JY UK
Binance V.S. BSV
CZ weighed in on the back and forth on the Craig Wright vs critics on Twitter with the following:
"Master piece! You have my full support, Peter. To be clear, I don't choose sides on technology. We let market do that. I am against fraud, such as lying to be someone. As such, it is my strong opinion that: Craig Wright is fraud."
"The real Satoshi can digitally sign any message to prove it. This is as simple as breathing for him/her. And we have the pub key. Until then, everyone is Satoshi, except Craig Wright!"
"Lastly, anyone who supports BSV from a tech perspective should be attacking the fraudulent Craig Wright, who is poisoning YOUR community, and not attack the rest of the world. Anyone thinking CW is Satoshi should read about how a private key works, ie, learn about crypto."
Vocal BSV supporter and founder of CoinGeek, a leading BSV mining pool, Calvin Ayre shot back on Twitter:
"Binance is a scammy bucket shop and these IEOs are going to cause problems so beware."
Long Term Effects
Craig Wright & Calvin Ayre's online behavior won't help them make friends anytime soon. The fact that they seem to try to silence critics with lawsuits will most likely hurt BSV in the long term. Should things keep on escalating between Ayre & CZ on Twitter, the delisting of BSZ could happen. Perhaps even other exchanges would follow suit.
Erratic behavior of a project leader can hurt a project financially. Elon Musk's appearance on the Joe Rogan Experience podcast hurt Tesla's stock due to his consumption of marijuana. Other crypto project leaders at times made out-of-place comments that temporarily hurt the value of their currency. BSV's problem stems from the fact that Wright & Ayers constantly double down on their bad behavior.
The threat of BSV getting delisted is real as Wright is seen as a villain more and more often in the crypto-space. Exchanges could delist BSV due to pressure, or due to a personal whim. Regardless, this is a great example of a project's founder being its largest obstacle.
Written by Jonathan Ganor
Writer & cryptocurrency aficionado