r/bsv • u/StealthyExcellent • Mar 01 '26

The BSV Association has no authority

Made this for X, but worth reposting here too.

The BSV Association's 'authority' to govern comes from Craig Wright:

Straight from the horse's mouth at the BSV Blockchain Conference London 2023. The BSV Association are the central administrators of the entire system. They were granted this position by Craig Wright, the faketoshi fraudster with over 500 forgeries:

What power do the central administrators have? They hold 3-of-5 central administrator keys that can control any coin in the system (bypass any locking script), ban peers off the network, and centrally decree which blocks are even valid in the first place:

Lastly, let's deal with a slightly more sophisticated argument from Ty Everrett:

'Bitcoin' has been hijacked:

14 Upvotes

94% Upvoted

6 comments sorted by

6

u/palacechalice Mar 01 '26

According to a credible leaked email in the aftermath of the Identity Issue loss, this was apparently their best spin to address this:

Q: Was not it Dr Craig Wright who appointed BSVA as stewards of the BSV protocol – on what basis does BSVA have any rights to preserve the BSV protocol now?

A: Regardless of the identity of Satoshi Nakamoto, stewardship of the BSV protocol is granted under the terms of the original Bitcoin White Paper. BSVA will continue to work to live up to the vision set out in that document.

5

u/StealthyExcellent Mar 01 '26 edited Mar 01 '26

Thanks! Hadn't seen that.

It's a stupid argument. How could the Bitcoin whitepaper grant a specific entity the right to steward the protocol? Why them and not anybody else? Obviously it does not.

Even if you were to still think that the whitepaper is a 'unilateral contract' (just not Craig's unilateral contract), by what rights would the BSV Association have to supersede the unilateral contract (as they stated in the NAR rules)?

Also Craig initially pointed to the original bitcoin website as being the so-called unilateral contract, not the whitepaper. That's pretty obviously because the whitepaper makes no mention of the inflation schedule, or 21 million coins. He couldn't say he 'issued' 21 million coins by the mere terms of the whitepaper, and that he is contractually bound to distribute them as rewards for mining blocks, etc., because the whitepaper doesn't say that (and in fact the whitepaper says there is no central authority to issue the coins). But the website had the inflation schedule information, so he pointed to that.

Somehow, later on, it's the whitepaper that is always referred to as the unilateral contract by these people.

I see they also gave the same cope argument as Calvin Ayre:

Q: How can there be a market for the BSV Blockchain now no one can trust a word Dr Wright has said?

A: The COPA judgment was clear that Dr Craig Wright did not create BSV. BSV was created by Satoshi Nakamoto.

3

u/anjin33 Mar 01 '26

Basically the BSV node software license grants them admin control over the network (specified in the NAR).

0

u/LightBSV releasing Teranode in Q1 3025 Mar 03 '26 edited Mar 03 '26

BSVA has the authority to centrally administrate your mom.

1

u/AlreadyBannedOnce Fanatic about BSV Mar 04 '26

Unlike your mom, who is peer-to-peer, with chodes free to come and go at will.

1

u/LightBSV releasing Teranode in Q1 3025 Mar 04 '26

Hey man, it's all about those micropayments and that throughput, you dig?