BitGo urged its clients to sell their Bitcoin SV coins, which was not well received by Calvin Ayre the loudest supporter of the cryptocurrency. Following our bitcoin SV news today, we take a closer look at the company’s demands.
The founder of CoinGeek.com, a crypto news portal, Calvin Ayre accused BitGo that they demanded $15 million to support Bitcoin SV (BSV) wallets on their platform. The 58-year old entrepreneur from Canada stated that he refused the offer made by the company and that he told them to “go f*** themselves.
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Calvin Ayre also threatened BitGo in an unpolite manner if the firm refuses to support Bitcoin SV (BSV). He declared that he would make investments in some of the major competitors of BitGo in order to secure the death of the company in the long run. However, bitGo urged their clients to sell their coins shortly after they announced that it would discontinue its Bitcoin SV wallet services in effect from February the 4th of 2020. The company informed that its existing Bitcoin SV (BSV) wallets use Pay-to-Script-Hash-based (P2SH) multi-signature addresses. However, the Pay-to-Script-Hash (P2SH) outputs will be invalid after Bitcoin SV (BSV) moves through its Genesis Hard Fork on the 4th of February.
BitGo stated that its Bitcoin SV (BSV) wallet users will lose the ability to receive funds. Thus the clients could either move their Bitcoin SV (SV) coins to external wallets or exchange them for Bitcoin (BTC) the biggest rival of Bitcoin SV (BSV).
“If you continue holding BSV in your BitGo wallet after February 4th, you will only be able to sweep the wallet and most functionality will be disabled,” the company stated on its blog post.
The CEO of BitGo Mike Belshe confirmed on Twitter that Calvin Ayre was indeed asked for $15 million in order to implement the needed technical changes on their Bitcoin SV (BSV) wallets. The offer was favor according to Mike Belshe, to the team of Bitcoin SV (BSV) because the digital asset lacks business demand.
“My biggest fear was that you might have said yes. To the contrary, it was a favor to offer to implement it at all, because there is certainly no business demand for BSV support. Team is happy to be working on more important things.”
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