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Charles Hoskinson has weighed in on the debate on crypto Twitter about major exchanges delisting Bitcoin Cash SV. The head of Cardano's IOHK team insists that a private company like Binance doesn't have to operate like a public utility.
Although most of the crypto community shares the general negative attitude towards Craig Wright, Calvin Ayre, and the Bitcoin Cash SV hardfork they both support, particularly in the wake of Wright's most recent lawsuits, not everyone agrees with how Binance and a few other crypto companies have responded to their actions.
2010: Visa, MasterCard Move To Choke WikiLeaks - Forbes
— Bitcoin Big Bird (@BitcoinBigBird) April 16, 2019
Bitcoin used to circumvent centralized censorship of money.
2019: Binance delists BSV
Bitcoiners rejoice as they censor a group they disagreed with from participating in money.
Many believe that delisting a crypto because of how its team operates amounts to a form of centralized censorship, which is antithetical to the ideology behind a free society and a free market, and in particular that of Bitcoin, cryptocurrencies, and blockchain.
(1/2) Exchanges are not public utilities, they are businesses often run by private owners. If you want a utility, then invest in or use a DEX. Don't complain about the BSV delisting and cite free speech or some other appeal. It doesn't exist with private companies.
— Charles Hoskinson (@IOHK_Charles) April 16, 2019
Hoskinson points out that, unlike actual cryptos, Binance and other exchanges are just private companies with no obligation to ensure free speech. Those who want the leading exchanges to be public utilities should invest in or use decentralized exchanges, which are designed, like cryptocurrencies, to have no centralized control.
He also claims that, by limiting the influence of Craig Wright in the crypto space, they are positively contributing towards more "freedom of association, thought, commerce, and expression".
(2/2) the point of cryptocurrencies is to get us to a society where our freedom of association, thought, commerce and expression are guaranteed by open infrastructure. Craig is against this by his megalomaniacal desire to patent, control everything, use of courts for censorship
— Charles Hoskinson (@IOHK_Charles) April 16, 2019
Most observers agreed with Hoskinson's analysis, although there are some who still those who fear Binance's excessive influence over the crypto space and are reluctant to support these latest developments.
By delisting BSV, the crypto market has shown that it is able to self-regulate.
— Rachid Ennaciri (@RachidEnnaciri3) April 16, 2019
I completely agree but a self-regulating exchange in the hands of pretty much one person with so much influence is still scary.
— Gilian (@todaymycheatday) April 16, 2019