If we know anything about Craig Wright, it's that he's controversial, and ready(happy) to remain to be controversial.

He is also the cause of the upcoming hash war. Under his flag, BMG and Coingeek pools are gathering hash power to disagree(literally and by hash power) with the changes ABC wants to put in the next hard fork. They represent a significant part of the mining power on the BCH chain.

Once again, it seems that the threat of a chain split is looming over us. Speculators are driven by FUD to sell. But how do we, as supporters, as people who have a long term investment in BCH, process this? What really is the result of the launch of Bitcoin SV (BSV)? Is BSV a new coin?

How do we process such controversial actions.

We have to understand Craig's behavior based on his intention. Nothing can be better than analyzing his self image. As he has described himself in the recent Q&A :

"It is always good to be both an enigma and a paradox."

So let's be clear on this, Craig enjoys to be uniquely different in the sense of being controversial. I believe in order to be "Wright", he will always try to vehemently oppose what he believes to be wrong. He is not a populist for sure. He will disregard the comfortable feelings of being accepted by the general audience and violently push for what he believes.

So how do we process it? One thing for sure: we don't want to be emotionally distracted by what a dick he is. (I didn't say this, Craig used this word to describe himself.) We need to set aside our emotional response to how he talks to people as a dick, and focus on what he is trying to do. In the other words, we have to put aside the visceral feeling of reacting to his unpleasant manners, and look at what he does.

2. What really is the result of the launch of Bitcoin SV?

I'm sure we all agree that this is not an ICO :). Now what is his/their agenda? Who is behind BSV? And what do they really want?

To make the answer easier to explain, let me simply give my opinion. It's just my opinion, please accept or disregard at your own caution.

To me, it is basically a miner choosing to write another version of the bitcoin client that will be running on his rig, regardless of what the other people say or what the consensus will be.

Sounds really like Craig, Wright? It is same as having another bitcoin unlimited, or bitcoin ABC running on certain miners. This is to prove that only miners' votes matter for choices made in the blockchain.

This is the reason why I believe it is as simple as that: Shadder, who is the tech lead for BSV, shared himself: "As we can see, it is not in any miner’s interests to start mining bigger blocks unless it is reasonably sure the majority of other miners are willing and able to go along with it. " Translated: a bitcoin client is simply a program with the proposal of rules presented to the miner/pool, it is the miner's choice to decide if he wants to follow it, tinker it, or deny it. And he has to make such decision based on his own commercial interest.

That's what Craig has been trying to say and finally decided to show it to us by doing it: You can't control the miners/pools by social media, how many nodes there are, or secret meetings. All those are indirect influences. Miners/pools will make the decision, with the considerations of all those indirect influences, based on their own commercial interest. And those decisions together, will ultimately determine the fate of a POW blockchain.

No one can control the miners, only the market controls the miners. Someone like Craig will ignore what others say or do. Unless it affects the long term return of his investment. As shown below.

3. Is BSV a new coin?

I believe my readers will know the answer by now. It should be no. But if you want to hear me explain it, look behind the paywall. I also listed some additional information for those interested. BSV is a new BCH client written by nChain. BCH miners will choose what to use among BU, ABC, and BSV, refer to this conversation between the programmer and the miner:

"Miner imcoddy: I think miners are not competing hard enough. From the stress test, I think some pools can do better in this part. Now I see Rawpool is actively investigating the benefits of SV and of ABC, so that's a good sign to me. "

To conclude, Craig and the people around him want to show that miners have the absolute freedom to choose whatever software they use. They can use other's program, tinker it, or write their own. For all that I care, only God knows if the bitcoin ABC clients being used by BCH mining pools have not been drastically altered. Miners may choose to pool together or influence the public opinions based on their long term interest. But in the end, it is the long term market that decides the outcome of a blockchain. And no one, surely not miners, will continue to spend energy/time on blocks that will never be accepted by the blockchain. We as investors, should focus on long term adoption of the BCH, and trust the market to drive the miners to figure out the details of their client implementation. Because in the end, they are in the same boat as we are and want the same thing we want.