"Back" to Business! - Adam Back & Vitalik Butterin Bullish For Bitcoin Cash
Adam Back once again expressed bitter comments at a severe case of immaturity for a 60-year-old boomer “trolling” Bitcoin Cash and Roger Ver on Twitter.
A few days later, Vitalik followed with BCH-related tweets, but the effects of both on the Bitcoin Cash community were not what these two “leaders” expected!
Bitcoin Cash is different from the past, more professional and more calm. The contrarian elements with authoritarian perspective are now on different chains, proceeding with centralizing and actively controlling these networks, far from Bitcoin Cash.
Bitcoin Cash achieved a lot in the last four years. It has grown again and is considered a potential threat to traditional market “leaders” Bitcoin (BTC) and Ethereum.
As the userbase keeps expanding and recent developments within smartBCH bring a fresh approach and excitement, alarms are ringing on competitive blockchains. The failures of BTC and Ethereum, with the fees reaching ridiculous levels within 2021, are driving the adoption of Bitcoin Cash. SmartBCH is a state-of-the-art smart-contracts network and Ethereum has to meet this unexpected competition in 2022.
Not competition in terms of volumes, though, since networks as Cardano, Avalance, Solana, Luna, etc., have been heavily funded already with total value locked reaching hundreds of millions, even billions of dollars. Yet, this is volumes coming from Ethereum recent whales, not from any kind of mass adoption.
SmartBCH is instead attracting tens of thousands of actual users, with volumes steadily increasing, becoming the network that brings the future of finance to the world and not just an “elite”.
Most Recent Bitcoin Cash Obituaries, (written by Adam Back and Vitalik)
Within a small sentence Adam Back managed to idolize Max Keiser and spill hatred towards Roger Ver, with the typical ad-hominem strategy to indirectly attack Bitcoin Cash.
And just to make his point clear he went on with a second juvenile tweet containing no value but expressing hostility towards Bitcoin Cash:
Back is frequently referencing devs (connected to Blockstream) or individuals that serve his purpose when making a point, as part of his overall devious strategy. He has orchestrated the control of Bitcoin developments to the point of perfection, centralizing Bitcoin Core under Blockstream's whims.
Roger Ver is an important member of the Bitcoin ecosystem, and a frequent target for the Blockstream led BTC coalition, the angry mob of BTC maximalists. The name Bitcoin Jesus wasn't given accidentally to Ver. He deserves respect for his support in the early days instead of those that speculatively appeared at $1,000.
Vitalik also Twitted negatively on BCH, two days later. In a more polite approach than Back, also with a message of support to big blocks.
Can anyone consider BCH a failure, outside or within the BCH community, without having ulterior motives to undermine the recent positive developments?
Bitcoin Cash was on the mind of these two “leaders” during New Year’s Eve and the first days of 2022. Perhaps their New Year's Resolution is Bitcoin Cash.
The approach of Back is once again juvenile and acting like a typical troll. He is directing the common BTC maximalists towards hostility and ad-hominem attacks.
It is not respectful or intelligent to see anyone expressing hatred as Back did with this tweet, and such comments usually have diverse effects on respect to this individual.
The message isn’t clear but probably wanted to keep the Blockstream troops and shills at a standby mode to become more abusive and aggressive than previously.
We can also observe an army of bots publishing low-quality tweets offensive towards any popular Twitter accounts in support of BCH. A clear strategy from a previous era that probably Core considers successful.
Conclusion: "Back" to Basics! - Bullish For Bitcoin Cash
We explored a few BCH obituaries a few days ago, and we can certainly add these two as well. Crypto "OGs" talking trash on Bitcoin Cash is bullish.
There is only good news arriving from the BCH camp, with the fanbase increasing, thousands of new users, and smartBCH arriving at the perfect time.
This is not a revelation to Adam Back or Vitalik. They chose to open the Bitcoin Cash hot topic with a negative approach at a critical point for BCH.
The realization that a huge part of the actual crypto userbase (on-chain users and not Robinhood investors) selects to use the Bitcoin that works (BCH), is causing tension and upsets both BTC and ETH designated representatives (Back, Vitalik).
What about the market and what happens when investors realize that Bitcoin Cash has a growing userbase reaching tens of thousands? It will definitely create an upset in the current narrative.
At least considering Adam Back, we should expect extensive manipulation and a coordinated attack on Bitcoin Cash to keep suppressing new developments from the news. It is obvious there is fear today, the narratives are crumbling and the walls of suppression and censorship are breaking apart.
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Tomorrow we explore:
"Hashcash - Did Adam Back Just Reworded A Previous Academic Paper?"
Related Material:
The Great El Salvador Maximalist Cover-Up: Algorand, Chivo & The $1B Blockstream Bond
Bitcoin Cash Obituaries - Seven Times Bitcoin Cash Was Declared Dead!
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It is a free world, everyone gets to say what the feel like to say. But time will tell if BCH is truly a failure. Sure i doubt that. Bitcoin Cash is the peoples currency. Until they know and accept this fact, our beloved currency will remain a threat to them.