China's BSV Community Has Reportedly Declared War on a Little-Known Altcoin

Francisco Memoria

The Bitcoin Satoshi’s Vision (BSV) community in China has reportedly declared war on “multi-chain parallel computing network” Aelf (ELF) over its founder’s launch of a campaign against prominent BSV supporter and self-proclaimed Satoshi Nakamoto Craig Wright.

According to crypto news outlet 8BTC, Aelf’s founder Ma Haobo called Craig Wright a scammer, and on the Chinese microblogging platform Weibo (a Twitter-like app) launched the #BoycottBSVAndCrtingFaketoshi hashtag, after learning Craig Wright allegedly cried in court during a hearing related to a $10 billion lawsuit filed against him.

The hashtag, 8BTC writes, gained the support of various popular cryptocurrency community members in the country, including F2Pool co-founder Mao Shixing, and Poolin mining pool co-founder Zhu Fa. It soon got to 200,000 views.

As it spread it reportedly gained the attention of China’s BSV community which soon fought back and attacked Aelf for having a $193 million market cap, compared to BSV’s $3.6 billion market cap. The community alleged also threatened to drop Aelf’s price “to zero,” presumably through an attack in which they’d mine empty blocks.

As CryptoGlobe covered, a BSV-aligned mining pool called SharkPool has threatened to pull such an attack of BTC forks using the “Bitcoin” name as it believes these cryptocurrencies don’t fulfil Satoshi Nakamoto’s original vision.

Bitcoin Satoshi’s Vision is a notably controversial cryptocurrency. Earlier this year, various cryptocurrency influencers called n exchanges to delist BSV after Craig Wright put a $5,000 bounty on the true identity of a Twitter user who called him a fraud.

As a result, various cryptocurrency exchanges, including Binance, Kraken, and ShapeShift delisted BSV in April. Despite being delisted from top exchanges the cryptocurrency’s price is still up by over 120% so far this year.

While some claim Aelf’s founder created the hashtag against Craig Wright as a marketing ploy, Ma denied the accusations. At press time, one ELF token is trading at about $0.23 after rising nearly 9% in the last 24-hour period.