In a scathing attack on his old crew, longtime Bitcoin maximalist, Kevin Pham, has jumped ship for rival cryptocurrency, Bitcoin SV. Claiming that the former has been \u201ctaken over by socialists\u201d he has sparked a new wave of crypto tribalism on social media. BSV is getting a boost from it all as the coin pumps 20% today.<\/p>\n
In an hour-long interview Kevin Pham explains his motives for making the move which has obviously irked the Bitcoin<\/a> maximalists across the web;<\/p>\n In a self-termed journey \u2018down the rabbit hole\u2019 Pham referred to himself as an \u2018attack dog\u2019 of Bitcoin Core who used vitriol to rebuke all other cryptocurrencies. In the interview he describes himself as being nihilistic until he realized that he wanted to know more and quit Wells Fargo rejecting the capitalism and the perceived fraud that it represented. Quoting his economics professor who opened his eyes he added;<\/p>\n \u201cThe empirical definition of government is an entity that has a monopoly on life.\u201d<\/p><\/blockquote>\n Price is the best marketing tool Bitcoin had he said, having invested early but riding the waves of the market. Reasoning for ditching it is partly because he saw the community becoming a \u2018lifestyle brand\u2019 with attitude akin to those wealth-obsessed bankers that the entire notion was against. The Bitcoin SV community was, according to Pham, more open and diverse in opinion. The BTC community, which is largely American, on the other hand, is blind to any outside international opinions on use cases.<\/p>\n This is what spurned the Satoshi\u2019s Vision narrative which emphasized actually using Bitcoin for on-chain payments rather than a tool to increase personal wealth. He added that BTC\u2019s small block size resulted in a shift in value to alternatives such as Litecoin or Monero. He was also of the opinion that it is hypocritical of Bitcoiners to allow ASICs to centralize mining but not allow larger block size to centralize nodes. The main take of the interview was that BTC had been taken over by socialists;<\/p>\n My apologies, BCH is dictatorial.<\/p>\n BTC was taken over by socialists. https:\/\/t.co\/RIfG6AED7S<\/a><\/p>\n — Kevin Pham (@_Kevin_Pham) February 25, 2019<\/a><\/p><\/blockquote>\n\n