A Redditor Dares Craig Wright; Says They Will Use Bitcoin SV to Purchase Drugs

News / 24.02.2020

Some people are resisting Craig Wright’s efforts to get rid of drug users from his pet blockchain project, Bitcoin SV (BSV).

Someone has dared Wright in a post on Reddit. The individual said he would utilize BSV native crypto to buy drugs. The individual confidently said he would utilize more than one BSV wallet for narcotics transactions, noting that Craig Wright and Team would know nothing regarding the kind of trade.

The individual wrote the words after Mr. Wright’s warning that anyone discovered to be using drugs on the BSV network will be in trouble. Mr. Wright was at the CoinGeek London Conference 2020 where he spoke on the use of rival cryptos to finance illegal operations online.

Mr. Wright tried to separate BSV from the lot, Bitcoin inclusive. According to him, he does not want anything to do with drugs on BSV’s blockchain.

Cryptocurrency enthusiasts believe that cryptos offer privacy and anonymity. Contrariwise, there are claims that BSV blockchain works by the books, and does not allow users to use its native token for illicit operations.

Global enforcement agencies can track drug dealers through blockchain’s inherent tracing capabilities. Exposing one of the people involved in narcotics transaction means the exposure of the whole trail of a narcotics transaction.

The concerned Redditor knows the risks from partaking in a drug transaction involving BSV. However, the anonymous Redditor said he would empty his wallets before Craig Wright reports or freezes them.

Due to Mr. Wright’s claims that he owns the Bitcoin SV network, skeptics have been questioning him about the project’s centralization issues.

According to Altana Digital Fund’s CIO, Alistair Milne, BSV is a “s*tshow led by technically illiterate boomers with criminal records.” Besides, Binance’s CEO, Changpeng Zhao, said Mr. Wright is a fraud.

Featured image courtesy of CoinDesk. Source: Cryptopress.

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Sudarshan M is a long time crypto-enthusiast. Pulled in by bitcoin early on, it did not take long for Sudarshan to divert all of his academic attention from business studies to blockchain by doing his Masters and eventually pursuing his PhD in the subject.