Calvin Ayre, Bitcoin Cash SV supporter, has announced that the Bitcoin Cash hard fork is not interested in fighting for the “Bitcoin Cash” name.
In an article published by Ayre on his news outlet CoinGeek, the cryptocurrency billionaire stated:
“We also no longer want the name Bitcoin Cash BCH as to us, Bitcoin SV is the original Bitcoin not the original Bitcoin Cash (whatever that even means). “
Furthermore, Ayre commented saying that he (and CoinGeek) thinks that calling the fork a permanent split will be the best thing, resulting in a win-win situation. He added:
“From where CoinGeek sits right now, us permanently splitting the chains by ABC enacting replay protection will give both sides a WIN. Bitcoin will live on with Bitcoin SV and will finally have a chance to show off the true power of the original economic model. Similarly, ABC can join with the rest of the new chain/coin models to demonstrate what they believe they can do. “
Ayre said that himself and the team think that it would be in the best interest of everybody to accept this as a solution in order to move on and “focus on our visions and get rid of this wasteful distraction.”
If we can believe the conjecture that the contentious Bitcoin Cash split has been the cause of the crashing market, then Ayre is not wrong in calling the situation wasteful.
Bitcoin Cash is currently down less than 18.95% in day-on-day trading and is trading at $67.42 USD. The other tokens are also faced with red figures. Bitcoin is down by 11.11%, Ripple by 13.81% and Ethereum has seen a dip of 10.36%.