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Bitcoin SV Roadmap Is Only Available For The Inner User Circle

Stefan by Stefan
10/04/2020
in Bitcoin SV News
Reading Time: 2 mins read
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Bitcoin SV Suffered Yet, attack, bsv, block, network
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The new Bitcoin SV roadmap can only be available for the inner circle of the users first. Once you enter the page for the roadmap, you will be met with a message that says ‘’protected’’ and you will have to enter a password.

The decision from the Bitcoin SV crew to put password protection for their roadmap seems like a very curious step according to Dragon Industries founder Arthur van Pelt:

‘’There is no way to sign up or create a password so it seems as if the roadmap is only available to a select few. That is, the centralized inner circle of Satoshi’s true vision for Bitcoin… or however, that goes.’’

The Van Pelt followers pointed out that the new roadmap was probably off-limits since BCH was ‘’lost on the road to nowhere’’ while others suggested:

‘’Try 1,2,3,4,5
Password must be as secure as their network’’

Maybe Craig Wright and his team are still trying to find out how decentralized the Bitcoin SV roadmap is but it certainly raises a few eyebrows over what the real problem is. With the first BSV halving completing recently, the BSV network follows the same path as Bitcoin cash did in the past two days so the hashrate will drop off to a cliff as the miners will capitulate to Bitcoin and will make greater gains. As it was pointed out by Benjamin Celermajer, who is a manager at Coin Metrics, the BCH hashrate is dropping through the roof and got down by 73% in the past two days while Bitcoin SV could likely follow.
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Part of the problem for both the Bitcoin SV and Bitcoin Cash coins is that both of them use the same SHA-256 at Bitcoin. This means that the miners are able to switch easily between coins without having to change their hardware. Bitcoin’s halving is still one month away and the miners will go where there’s bigger profitability. This doesn’t have negative effects only on the price but makes both networks to become more vulnerable to security risks.  As per the reports, the cost of 51% attack on Bitcoin Cash was just over the $9,000 per hour meaning it dropped from $22,000 before the halving. The cost of staging an attack on the Bitcoin SV network is about $9,736. Celermajer ended up by saying:

‘’This could lead to massive market fear and capitulation for Bitcoin Cash and Bitcoin SV, potentially leading to their short term and longer term demise’’

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Tags: Bitcoin Satoshi Visionbitcoin svbitcoin sv craig wrightbitcoin sv roadmapbsvBSV priceinner user circlepasswordRoadmap
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Stefan

Stefan

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.

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