Bank Maximalists (BTC) Against The Real Bitcoin (Bitcoin Cash)

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Avatar for WesC
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1 year ago

We expect Bitcoin Cash to achieve adoption voluntarily and not by force.

There is resistance, and this is not by competition to Bitcoin Cash as many believe.

Remember how the internet used to be 25 years ago? If you are too young to remember, it was a freedom movement, reshaping the structure of the established tool of mind control (the TV) and waking people up from a deep sleep.

The internet was a Matrix moment, upon entering we were all choosing to take the red pill, and not follow the mainstream dictated by TV, governments and those pulling the strings of puppet governments.

It all changed since the beginning. Was it the net neutrality that changed, was it the new AI technologies, advertising networks, Google, and Apple? I don't know. There was a slow change of this neutrality and a few hands took control of most of the internet.

Another Matrix red pill moment appears when after long discussions with BTC maximalists you understand they were always the enemy to Bitcoin. They could not defeat it, but they could infiltrate it.

The BTC maximalists were always the banks.

The Early Internet Battleground

A Second Scaling War is occuring since 2017 after the Bitcoin fork.

But lets begin from where the introduction started. The Internet.

The early Internet until approximately 2010 was totally different from the centralized web of censorship and lies we find today. Networks condoning censorship were meeting a devastating end as early users did not submit their will to freely interact and exchange ideas or information.

The freedom of the early internet years was materialized into developments and applications as Napster, with which users were free to exchange data, free to exchange information.


Platforms like Napster (since 1999), later eDonkey (2001 - by Jed McCaleb), and Megaupload by Kim Dotcom (established in 2005 and lasting until 2012) were hopes of everlasting web freedom. P2P file transfer protocols applied in some of these networks but eventually Bittorrent became the most widely used service.

Digital file sharing was a Hydra with many heads, but the opponent was a fierce slayer with multiple arms and swords.

Torrents together with what remained from the Napster offsprings was the next enemy of States.

utorrent (Use this version from 2011 and non later)

t wasn't an easy battle and torrents lost but nothing is ever final. P2P file sharing is still underground, but those that love freedom still support and use the torrent platforms.

But wait. Jed McCaleb? "Who's this guy now" some from the tens of millions of beginners in crypto might ask. The Ripple crowd or XRP army as they declare themselves, probably now this name well.

Jed McCaleb was the co-founder of eDonkey as stated above, but was also an early Bitcoin adopter, the founder of the notorious Bitcoin exchange Mt Gox and the founder of Ripple.

Quite a guy isn't he? Well, not for all those that met and worked with him. It seems MtGox fundamental security weaknesses and hacks that happened in 2011 were not mentioned when Jed McCaleb sold the exchange to Karpeles, who then proceeded with losing even more within the next two years.

The point is that everything was connected. Bitcoin may appeared during an era where the internet was still free from complete control of funds and CEOs, but at a certain year it all changed.

Just look today who are those asking you to buy Bitcoin and question the reasons they give. Maybe you don't remember Onecoin but it had hundreds promoting it, now they are into BTC.

Maybe 2010 was not the end of the free internet, but it was certainly the beginning of the end. Certainly by 2015 everything was already at the hands of a few that today control the narrative.

Satoshi abandoned Bitcoin and disappeared in 2010, after two major events for Bitcoin. Wikileaks and agents.

Until approximately 2010 the internet was working rather differently, with less hostility and more honest approach. Was it the destruction of the economic models in 2008 that led to this change or was it planned all along, it doesn't make a difference.

After 2010, users started noticing changes in behavior in all websites. Censorship, account suspension and bans were becoming the new normal of the internet.

Freedom of Speech didn't exist anymore, but everything devolved into a race of acquiring private information from users selling to advertising agencies that would use the data to extract personalized marketing by profiling every internet user.

Adblocks may still work, our private material is still easy to extract. Developments in data mining and big data have today reached to a point, every online entity (user or programmed user) is targeted with massive personalized advertisement.

The effects of this? Ads to induce feelings of sorrow, negative emotions and regret. Emotional confusion and control.

How all this relates with Bitcoin Cash?

Bitcoin Cash follows the whitepaper. It is Bitcoin, with minor upgrades rendering it functional and scalable.

Bitcoin in 2013 was an undergroung movement reaching the mainstream simply because everyone finding Bitcoin thought it was always going to work.

As said above, Bitcoin needed minor upgrades. Increase the block size and remove the controversial RBF (replace by fee) code change that was implemented by a single dev (after probably threatened or making it seem so) and still not removed by the Bitcoin Core devs. RBF is loophole in BTC today, and deleted from Bitcoin Cash.

RBF was placed in the code despite the vast opposition by the part of the Bitcoin community to make Bitcoin useless for every day transactions and succeeded in doing that.

All about the same time the term PC resurfaced with a superficial excuse to protect minorities, but in fact it managed to become the factor that immediately limited freedoms by categorizing everything non aligned to the interests of the mainstream as provocative actions. Governments and their overlords (media corporations) are now excused when they decimate our rights, and everyone experiences our accounts suspended from every major website.

It was always about controlling the narrative. And by that they control the population.

BTC became a part of this in 2014. Adam Back, a person appearing all of the sudden in 2013 acted as Bitcoin was his, and together with newcomer Bitcoin developers supposedly caring for Bitcoin founded Blockstream.

And this was it. The end of Bitcoin. It became mainstream, only because it wasn't a threat anymore.

Only bankers remain in BTC today together with some traders and Bitfinex shills with low IQ and unreasonable arguments.

Need proof? This is a poll conducted by Lark Davis with 150 likes and 10,000 votes, from a person followed by those interested in cryptocurrencies.

To analyze the result read some of the comments (most contain the same point)

Bitcoin Cash is not fighting Bitcoiners or Bitcoin maxis, but bankers.

Bitcoin as in the past is finding severe resistance from this same banking foundation. The cartel that wants control of money, which today BTC is handing out voluntarily. The Bitcoin Core devs are sell outs and have no principals other than selling BTC and increasing their bank deposits.

Lies and manipulation with the help of the professionals, the banks. This is not Bitcoin but the Bitcoin Core, or BTC fork.

Bitcoin is Bitcoin Cash, the same that was always being called a scam by these networks of thieves. Bitcoin Cash is the real one, but a closed market and the censored internet decided for now differently.

About St Maarten And Bitcoin Cash Adoption

To conclude with all these, I support Bitcoin Cash and not the planned proposal of Rolando Brison. But I don't care for it anyway. Adoption increases, as I see it, it will help to find something to use for marketing.

It doesn't mean this can't change and we would be gullible to think any politician, or any spokesperson for Bitcoin Cash is always going to help.

Nobody supports a government here. A government will recognize the adoption of Bitcoin Cash in this case. But it doesn't mean it can't change on day and ban Bitcoin Cash under another government, or even the same.

I also want Bitcoin Cash to have a strong price.

It won't help if it keeps dropping. This is no trade off either. You don't give control of Bitcoin to a single private company. And don't support forced adoption.

This is no compromise. Nobody took over the network.

If El Salvador decides to adopt Bitcoin Cash, we can't do anything. We will not be happy if it forces it as LN and will try to explain to Bukele the mistakes made to correct and make it optional. We can oppose it but this is it. You can't block access to anyone and they can use Bitcoin Cash if they wish in this way. There will be protests and riots perhaps or the community will disagree, but this is how the network operates. There is no option to censor forced adoption. We can only voice our concerns and disagree with the approach.

Although, there won't be a government that will force P2P use of Bitcoin without third parties and oversight/control.

But this is not the same with El Salvador this time, I felt it had to be explained .

Being overjealous in this matter is not helping either.

Start your revolution when and where it is appropriate. When you try to find a detail and twist facts with unconnected events it becomes frustrating even to those with similar ideas.

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Avatar for WesC
Written by
1 year ago