Bitcoin SV is a Complete Scam, Says Ethereum Co-founder

Ethereum co-founder, Vitalik Buterin, in an interview on the Hardcore Crypto channel on YouTube, spoke bluntly on his view of Bitcoin SV (BSV), calling it a “complete scam.” Buterin spoke on a variety of topics, including the burgeoning area of decentralized exchanges and the delisting of BSV from Binance, which on one had “arguments in favour of it”, but on the other showed “a centralized exchange wielding a lot of power.”

Buterin was quite forthright in his description of BSV, but also spoke of the underlying problems with the fact that an exchange can decide to delist a token of its own volition, 

Obviously BSV is a complete scam, but the delisting from Binance – that was interesting. There’s arguments in favour of it, but then there’s also arguments that this is a centralized exchange that’s wielding a lot of centralized power.

He also mentions the large trading fees imposed by Binance and that they “influence which coins win and lose by choosing trading pairs.” These are common criticisms, and some of the biggest motivators for the push towards decentralized exchanges.

Buterin has criticized Bitcoin SV many times before, once calling it a “pure dumpster fire.” He has also criticized centralized exchanges, hoping that the advent of decentralized exchanges would finally remove control from centralized exchanges which, if they were to fail, would cause serious problems for investors and the market. Buterin has said before,

We can really take away this stupid king making power that these centralized exchanges have where they have this ability to just decide which tokens become big by deciding to list them and then charging these crazy $10 million to $15 million listing fees. The more we can get away from that world and into something which actually satisfies the blockchain values of openness and transparency the better.

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