Bitcoin Satoshi Vision [BSV], currently the fourteenth largest cryptocurrency by market cap, continues to be one of the most controversial topics in the cryptocurrency space even as #delistBSV gains momentum. Since Binance announced that the coin would no longer be a part of the platform, several other exchanges have taken the same decision, with the latest announcement coming in from Kraken, a leading cryptocurrency exchange platform.
The move of several leading exchange platforms ousting a single coin has led to several members in the community raising questions on censorship and the extent of control centralized exchanges have on the cryptocurrency market. While several influencers agreed on the impact centralized exchanges have on the market, several others have also defended the stance taken by these exchanges.
Charles Hoskinson, the co-founder of Ethereum and the CEO of IOHK, also spoke about the #delistBSV trend on his social media handle. Hoskinson stated that cryptocurrency exchanges are “not public utilities”, adding that they were business that was “often run by private owners”. He further stated that if anyone wanted a “utility”, then it’s better off to use a decentralized exchange/ DEX.
Hoskinson said, “Don’t complain about the BSV delisting and cite free speech or some other appeal. It doesn’t exist with private companies”, on Twitter. He went on to state,
“(2/2) the point of cryptocurrencies is to get us to a society where our freedom of association, thought, commerce and expression are guaranteed by open infrastructure. Craig is against this by his megalomaniacal desire to patent, control everything, use of courts for censorship”
“Public” != “run by the government”, “free speech” != “free speech protections in laws eg. #1A“
But I agree #DelistBSV is not a free speech violation for different reason: exchanges are already selective so listing is active promotion, not “just letting the market play out man”
— Vitalik Non-giver of Ether (@VitalikButerin) April 16, 2019
Changpeang Zhao, the co-founder and CEO of Binance, also joined in on the censorship accusations. A Twitter user, Warbout, had accused Binance of “subverting natural selection”, adding that the platform would be recognized for being corrupt.
To this, CZ stated on Twitter,
“Everyone can make their own decisions. Everyone has influence. Even you, if you sold a coin you don’t like (theoretically, it does affect the price, no matter how small), is that centralization? At what level does it stop being centralization? Who decides that level?”
He further said,
There are plenty of other exchanges out there. We don’t make decisions for other exchanges. Our decision is part of the natural selection process, so is yours. We are just a small part of the community, who are super supportive of our decision.
— CZ Binance (@cz_binance) April 17, 2019
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