The origins of Bitcoin: Independence Day and the final fight for Satoshi Vision

This is series looks back on the history of Bitcoin. Read parts one, two, three, four, five, six, seven, eight, and nine.

Once BTC forked away from the original protocol of the Bitcoin blockchain, Satoshi’s vision once again set out to fulfil its destiny as a peer-to-peer (P2P) electronic cash system and the only public blockchain the world would need and at the time was known as Bitcoin Cash with the ticker symbol BCH.

Unfortunately though, some groups within the BCH ecosystem had ulterior motives and were not willing to follow the original vision of Bitcoin, resulting in the first Bitcoin Hash war, which would ultimately lead to the third re-birth of Bitcoin and what we now call Bitcoin Independence Day. The original Bitcoin protocol took on a new ticker symbol BSV on Independence Day which stood for Bitcoin Satoshi Vision or Bitcoin SV for short.


The story begins in May 2018, when a Bitcoin ABC developer proposed altering the Bitcoin protocol, being used at the time by Bitcoin Cash (BCH), to add the new OP code OP_DATASIGVERIFY (OP_DSV). This was based on an earlier proposal by Andrew Stone to add scripting ability to Bitcoin, which could then validate based on an oracle off the chain.

This immediately brought into view a stark contrast between the different players in the Bitcoin industry. There were those who believed in the original vision of Bitcoin and wanted to see it restored, with Dr. Craig Wright (Satoshi himself) and CoinGeek founder Calvin Ayre falling in this camp. On the other side, there were those who wanted to push a more anonymous, criminal friendly coin, which OP_DSV would help facilitate. Roger Ver (former CEO of and Bitmain founder Jihan Wu led this faction.

As the idea progressed over time, defenders of Satoshi’s original vision argued against protocol changes like DSV, not only because it diverged from the original Bitcoin whitepaper, but also because it clearly made Bitcoin less friendly to the law. At the time,…

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