In an unprecedented move, Binance CEO Changpeng Zhao pulled the trigger, abruptly announcing the official delisting of Bitcoin Satoshi Vision (BSV), just days after warning the community of the possible action.
Zhao had threatened to delist the coin, presumably because of toxic behaviour and lawsuits, perceived by many to be malicious and frivolous, against critics of Craig Wright. Wright is an outspoken proponent of the BSV fork and claims to be the creator of Bitcoin, the pseudonymous Satoshi Nakamoto.
Joining in the protest, Erik Voorhees of Shapeshift declared that the service would no longer list BSV, removing the listing within a 48-hour period.
Most recently, it is rumored that Kraken, another exchange of significant popularity, will also delist the coin.
The price of BSV has fallen sharply since the Binance announcement, with a significant portion of the value seemingly carrying over to Bitcoin Cash, a hostile rival of the BSV forked coin.
In the meantime, the community has responded with a mix of reactions, most being supportive. The majority have predictably cheered for the removal of a coin that, admittedly, caused a great deal of strife and discord since (many would argue, even before) its inception. Many have expressed gratitude for the removal of a coin that is perceived as a negative influence and is associated with figures, such as Craig Wright, who have purportedly exhibited fraudulent and vindictive behaviour.
Others, however, have criticized rabid delist supporters for blindly celebrating such a move whilst disregarding the implications of such an action. The same crypto-enthusiasts who promote ideals of the cypherpunk movement; libertarianism, free market economics or even further along the spectrum, anarcho-capitalism, have ironically cheered the actions of a centralized, bank-like power for its decision to remove an option from the market for its many participants.
Still others joined in with suggestions to add coins that have been in the waiting for a Binance listing, most popular among them being Dogecoin, which consistently enjoys more daily transactions than BSV rival, Bitcoin Cash.
By and large, response to the delisting is generally positive, with many offering to move their trading to the exchange, an upsurge in buying of Binance Coin (BNB), and some community members even sending in BNB donations for the Binance charity program as an expression of gratitude.