Like a break-up between two teenagers: the fight between Roger Ver and Craig Wright hasn’t been pretty, nor has it been handled in an adult kind of way. While both camps are fighting on social media, the hash war has had a disastrous effect on the crypto market. With investors fleeing the scene afraid of the outcome of the hash war, Bitcoin has fallen to new yearly lows.
And now, as if it wasn’t already sad enough, Craig Wright is also dividing his attention to talk bad about Ethereum and XRP. Wright, one of the main promoters of Bitcoin Cash SV, also called Satoshi’s Vision, has turned to Twitter to share his light on varies cryptocurrencies. It seems just another sad attempt of a man who is losing more credibility on a daily basis than was ever assumed possible.
Apparently, according to According to Wright, the number two and three currencies of the crypto ecosystem are not worth paying attention to and should be viewed as “complete failures”. In a nutshell: XRP is deemed to be seen as a security by the SEC, which will cause the “scam coin” to disappear, and Ethereum lacks use-cases.
The tweets:
Any use-case for ETH no longer exists following the confirmation by the @SEC_News on ICOs. All as I have been trying to say for years.
Next target, XRP. Another illegal unregistered security platform to take down.
— Dr Craig S Wright (@ProfFaustus) November 17, 2018
For XRP not to be a security, it will need to be a real utility offer. IF something is exchanged with expectations of profit, it is not a utility token.
XRP is a tradable good that is sold under the expectation of profit. That in itself makes it a security.
— Dr Craig S Wright (@ProfFaustus) November 18, 2018
XRP is the biggest scam in the space. I look forward to when this sham offer is revoked. This idea of issuing non-registered securities and selling to noobs who want to get rich without working is nothing new and neither will be the take-down.
— Dr Craig S Wright (@ProfFaustus) November 18, 2018
If you sell any type of token implying that the purchaser will be able to sell them for more later. That this is a securities offering.
XRP, ETH, Bitcoin etc.
Not to be used, but to see a speculative gain.
If you promote this, (HODL) you are promoting a security
Licensed?
— Dr Craig S Wright (@ProfFaustus) November 19, 2018
Whether Craig is right or not, it is sad to see a ‘grown man’ feuding so much on Twitter, trying to destroy everything in his path. Instead, it would, for now, perhaps be better if Craig divides his full attention to stop a great deal of turbulence Bitcoin Cash SV has seen since last week’s hard fork. Especially with an article from CCN showing today, that the problems around Bitcoin Cash SV are FAR from over yet!
To be continued, for sure….