11/18 ANDY HOFFMAN (CryptoGoldCentral.com): Bitcoin Core Developers – Show Yourself, and Accelerate CSW’s Demise!

In the Spring and summer of 2017, Bitcoin was embroiled in the most vicious, and life-threatening, war of its nine-year existence. Long-awaited, and inevitable, were the “scaling wars” that once and for all, would decide how Bitcoin would technically proceed; and equally important, see what would happen to its valuation if a hostile faction forked off, claiming to be the “real Bitcoin.”

The Bitcoin price was less than $2,000 at the time – but was amidst a bull run that yielded rapidly increasing interest in the space. Consequently, Twitter was afire, and crypto-related podcasts – like those on the World Crypto Network – had viewership 10-20x that of today. I, and many others, were glued to such podcasts – learning as much as we could, and praying Bitcoin would not be destroyed by the dreaded “hard fork” – be it by Bitcoin Unlimited, the UAHF, BCash, or SegWit 2x.

During this time, “core developers” were extremely visible to the Bitcoin community – writing numerous public articles, and constantly appearing on podcasts to refute “big blockers”’ claims, and assuage fears of what a hard fork would mean. Not that they KNEW, of course, as the precedent had not yet been set. However, given their superior knowledge of the protocol – that THEY wrote – their consensus was that Bitcoin would not only survive the attacks, but thrive in their wake. Which, as it turns out, is exactly what happened – as BCash was defeated; SegWit implemented; and BTC rocket-launched to $20,000.

In the ensuing bear market, that we continue to work through today, crypto sentiment is extremely weak - DESPITE the price having risen significantly from pre-SegWit levels. This, as Bitcoin’s Hash rate has risen an additional 8x, whilst BCash’s has DECLINED – to the point that it is now under a potentially mortal attack from one of its own former leaders…the evil sociopath Craig Wright - a/k/a Fake Satoshi.

In my view, the ABC/SV Civil War is a pathetic Keystone Kops sideshow – that ultimately, will end in both sides losing ground to Bitcoin…and potentially, one being totally annihilated. However, the plunge in Bitcoin prices its launch caused – not to mention, the entire crypto space – has caused huge amounts of FUD, at a time when sector sentiment is extremely weak, with most investors sitting on huge (now, huger) paper losses. Thus, in a world where the vast majority STILL have no clue how crypto works, the combination of price declines and Wright’s aggressive threats – of destroying Bitcoin’s price further – confidence has certainly, for now, been shaken.

https://twitter.com/Andy_Hoffman_CG/status/1063850576549601280

https://twitter.com/Andy_Hoffman_CG/status/1062817906382127104

True, fundamentals will ultimately win out – with Bitcoin decidedly winning, irrespective of which Keystone Kop wins BCash’s tin crown. However, this is indeed a WAR – not just against BCash, but Bitcoin itself. Thus, the Bitcoin community needs to band together – PUBLICLY, and VOCALLY – to quash the threat, swiftly and powerfully.

At the least, it will yield enough understanding of the situation to increase institutional price support (particularly if Bakkt and/or SolidX/Van Eck is approved) – which is sorely needed, if the Bitcoin phenomenon is to return to previous levels of global interest. And at most, it could rapidly accelerate SV’s demise. To that end, I couldn’t disagree more with the notion that the wisest course of action is to “sit tight” and assume all will be well. Bitcoin is under attack by a hostile force, so the time is NOW to mobilize the BTC community’s forces, just as it did last summer.

https://twitter.com/Andy_Hoffman_CG/status/1063840817826095104

In other words, this is a call to core developers to step up their public presence – to refute Wright’s claim that SegWit is flawed, and big blocks viable; and assure investors BCash is immaterial, Bitcoin unstoppable, and the supply of BTC available to the two BCash factions too immaterial to cause lasting price damage. Bitcoin may be “common knowledge” to a handful of crypto OGs, but it remains a tiny, largely unknown quantity to 99% of the world.

https://twitter.com/Andy_Hoffman_CG/status/1063817931690172416