Calvin Ayre, an influential billionaire supporter of Bitcoin Cash, says he is supporting the Bitcoin Cash SV chain after the fork. The fork has seen Bitcoin Cash split into two chains, Bitcoin Cash ABC and Bitcoin Cash SV (Satoshi’s Vision). Bitcoin Cash ABC is supported by Roger Ver and Bitmain's Jihan Wu, while Bitcoin Cash SV is backed by Ayre and Bitcoin developer Craig Wright.
Ayre built his wealth in the early 2000’s by launching online gambling websites before moving into the cryptocurrency space. He now advises the island-nation of Antigua and Barbuda on developments in cryptocurrency and and runs CoinGeek, the largest Bitcoin Cash mining pool. In an interview with The Block, Ayre discussed his support for Bitcoin Cash and what he thinks of the upcoming fork.
“I always supported the original Bitcoin for its low transaction fees and stability,” Ayre told The Block, adding that:
The old Segwit coin (Bitcoin) now no longer offers that so BCH had to happen to get Bitcoin back to its original vision.
He also said he supports Bitcoin miners and does not believe developers should play a role in how the cryptocurrency evolves.
Further, Ayre is not a fan of the Bitcoin Cash ABC proposal or the so-called “Wormhole protocol”, originally proposed by a team of Chinese developers led by Jiazhi Jiang. The protocol is an attempt to compete with Ethereum’s ERC-20 protocol and allows tokens to be created on Bitcoin Cash’s blockchain. This happens with the implementation of a smart contract feature that does not affect the consensus rules of Bitcoin Cash’s blockchain.
“They want to change the Bitcoin Protocol to make it support their wormhole tokens. This will ruin Bitcoin but they think it will benefit themselves somehow," Ayre argued.
Ayre also says he fully believes that Bitcoin Cash SV will become the dominant chain and take control of the Bitcoin Cash brand:
Everyone has to support Nakamoto consensus which will create the dominant chain and that will be defined by miners’ choice and we are confident that it will be Bitcoin SV.