what's Bitcoin SV?
Bitcoin SV (Satoshi Vision) is a cryptocurrency that emerged from a hard fork of Bitcoin Cash in November 2018. It aims to restore and implement the original Bitcoin protocol as outlined in Satoshi Nakamoto's whitepaper, emphasizing scalability through unbounded block sizes to support massive transaction volumes without layer-2 solutions. The project prioritizes the vision of Bitcoin as peer-to-peer electronic cash, enabling low-fee, high-throughput transactions suitable for everyday use and enterprise applications. The protocol removes artificial limits on block size, allowing the network to scale on-chain by processing more data per block. This design supports terabytes of daily transactions, fostering applications like digital identity, smart contracts via scripting, and timestamping services. Bitcoin SV maintains compatibility with the original Bitcoin codebase while rejecting changes seen as deviations, such as SegWit, to preserve protocol stability and predictability for developers and users. Governance is decentralized, with nodes enforcing the rules, and the project is supported by key figures and organizations focused on legal compliance and real-world utility. It positions itself as the true continuation of Bitcoin's foundational principles, enabling a global economy of digital assets without intermediaries.
Buterin in 2021 called BSV an "80% scam" and "money grab," noting its 512MB blocks.
Vitalik Buterin characterized Bitcoin SV as an "80% scam" and a "money grab" in a June 5, 2021 interview with Lex Fridman, calling founder Craig Wright a "scammer" while acknowledging the blockchain technically functions with 512MB blocks.
Market cap reached $349M on January 1, 2026.
The multi-billion pound legal case against exchanges over 2019 BSV delistings ends as UK Supreme Court refuses the appeal, stating it does not raise an arguable point of law.
The project faces direct accusations of being a failed bitcoin fork and elaborate con game designed to use lawfare to access Satoshi's coins, with Calvin Ayre named as involved. The tweet recommends shorting the project and going long BTC.
Tom Lee is identified as a paid shill using negative Ethereum commentary to promote the project.
Shilling activity detected using negative Ethereum commentary to promote the project. (Tweet ID: 1984373587109954005)