#Firstdealofthenewyearastylz Bitcoin SV (BSV) is a controversial cryptocurrency that was created as a result of a hard fork from Bitcoin Cash (BCH) in November 2018. The split was driven by a fundamental disagreement within the Bitcoin Cash community about the direction the project should take. The fork resulted in two distinct coins: Bitcoin Cash (BCH) and Bitcoin SV (BSV). The "SV" in Bitcoin SV stands for "Satoshi Vision," reflecting the belief by its supporters that it stays true to the original vision of Bitcoin's creator, Satoshi Nakamoto. The primary controversy surrounding Bitcoin SV stems from several key factors: 1. The Split from Bitcoin Cash Bitcoin Cash itself was created in 2017 as a fork of Bitcoin to address scalability issues and increase transaction speed by increasing block size. In 2018, a faction within the Bitcoin Cash community led by Craig Wright (who claims to be Satoshi Nakamoto) and his supporters wanted to further increase the block size beyond Bitcoin Cash’s limits, leading to the creation of Bitcoin SV. This fork was contentious, leading to a "hash war" between BCH and BSV supporters, with each side accusing the other of damaging the reputation of Bitcoin Cash. 2. Craig Wright’s Claim of Being Satoshi Nakamoto One of the most controversial aspects of Bitcoin SV is Craig Wright’s claim that he is Satoshi Nakamoto, the pseudonymous creator of Bitcoin. This claim has been widely disputed in the cryptocurrency community. Despite various legal battles and claims to provide proof, Wright has failed to convince many people of his identity as Nakamoto, with some even accusing him of fabricating evidence. Many consider him a divisive figure in the space. 3. Technical Vision and Block Size Bitcoin SV proponents argue that by increasing the block size to massive levels (theoretically up to 2GB or more), it could handle a higher volume of transactions, which would allow for Bitcoin to become more useful for everyday transactions on a global scale. Critics argue that such large block sizes may lead to centralization, as only large players with powerful infrastructure could process the larger blocks, making it more difficult for individual miners to participate and thus potentially undermining Bitcoin's decentralized nature. 4. Controversial Behavior of Craig Wright and Others Craig Wright’s aggressive behavior in the crypto community has also contributed to Bitcoin SV's controversial image. He has engaged in lawsuits, legal threats, and public disputes with other prominent figures in the cryptocurrency world. Wright has been involved in a number of lawsuits related to his claims to be Satoshi Nakamoto, including lawsuits over the alleged theft of Bitcoin from the so-called "Tulip Trust," which he claims contains a large portion of Satoshi's Bitcoin. 5. Reputation and Adoption Bitcoin SV has struggled to gain widespread adoption, largely due to its association with controversial figures like Craig Wright and its contentious nature. Several exchanges and cryptocurrency platforms delisted Bitcoin SV, including major platforms like Binance, Kraken, and Shapeshift. These moves were largely in response to the drama surrounding Wright and his actions. 6. Focus on On-Chain Scaling Bitcoin SV has positioned itself as a solution for large-scale, on-chain transactions, focusing on a model where transaction processing takes place within the blockchain itself. This differs from other projects, like Bitcoin and Ethereum, which have focused on layer-2 solutions like the Lightning Network or sidechains to scale transactions. In conclusion, Bitcoin SV remains highly controversial due to the contentious fork from Bitcoin Cash, Craig Wright's claim of being Satoshi Nakamoto, and the disagreements over its technical direction. While it advocates for on-chain scaling with massive block sizes, it has faced significant criticism regarding its centralization risks, governance, and leadership.