On March 23, the Twitter handle @Bitcoin got into controversy after BTC fans complained about the account and tried to close the profile. The operator of the Bitcoin Twitter profile has also accused the social media platform of manipulating matters by imposing restrictions on the account and limiting all traffic.
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The relentless attempt to silence a Twitter grasp
The owner of Twitter handles @Bitcoin believes that the account is critical for the Bitcoin Core (BTC) network and the Lightning Network (LN). In recent weeks, several BTC supporters have advocated that the account be suspended or assigned to a group of core developers.
The dispute arose because the @Bitcoin account provides support for the Bitcoin Cash Network (BCH). Hardcore maximalists and LN advocates believe that the account, because it calls itself "Bitcoin," fraudulently embodies the identity of "real" Bitcoin. On March 15, Twitter users @Moonoverlord meant that the account should be handed over to the developer group called Bitcoin Core.
"The bitcoin feel is so embarrassing," Moonoverlord tweeted. "Should be returned to the core Bitcoin team instead of starting small battles and misleading people."
The former moderator of r / bitcoin subreddit, a popular Reddit forum for rampant censorship, also agreed with the idea and stated that any developer behind BTC could get a grip. "Do not have to be the core developers – Could the group be the devs @ sqcrypto fund with only positive and informative content?" explained The Twitter handle, which is called "Stop and Decrypt". Warren Togami, Vice President of Solutions, responded to Stop and Decrypt's comment: "It's better if the name is frozen forever – the account has long committed fraud – surely this is a violation of ToS."
Twitter suspensions and shadow bans
After the controversy and the controversial people this week, the @Bitcoin account felt it was already unfairly restricted. "Any journalist wants to write about how Jack Dorsey (Twitter CEO) restricts accounts that are critical of one of his portfolio companies?" asked the Bitcoin Handle on March 23rd. Twitter has also been accused by many for censorship and deplatforming for some time different critics,
The founder of Twitter is a publicly known Lightning Network investor and has helped fund the startup Lightning Labs. The Bitcoin account had previously had problems with Twitter in April 2018 when the account existed suspended because of unknown reasons. After the account was suspended, the R / Bitcoin community was celebrating, while others on social media considered Twitter's attitude unethical. For example, the cryptocurrency news and research website Coinivore twittered Twitter and Jack Dorsey say the account should be "restored and express its opinion on scaling". Eventually, the Bitcoin account was restored to the rightful owner, but since then its social reach seems to have been neutralized.
The "One True Bitcoin" debate can take years
At the moment, the Bitcoin account does not appear to be staggered by the harassment and has continued to express opinions that are against the scaling decisions promoted by BTC and LN supporters. People who support the @Bitcoin handle, which expresses itself in some way, have said that Bitcoin technology and the name are not a designated brand that belongs exclusively to BTC.
In fact, since the infamous crackdown on August 1, 2017, the protocol has been forked about 47 times, and there are individuals who believe that there are now many forms of Bitcoin. The people who believe that there is no "real" Bitcoin are convinced that the protocol they support is the "better bitcoin". Among the 47 odd forks, groups of people believe that there are only three chains that have decent support, and it will take years. The market can decide which coin is considered "the only Bitcoin". Even the scope of proof-of-work (PoW) may change over a 10-year period, or another bitcoin fork might also capture the most accumulated PoW as the largest market capitalization. On Saturday, entrepreneur Vinny Lingham expressed his opinion and wrote that BTC was a clear winner and established incumbent. Lingham added that "it will be a Herculean effort for BCH and BSV to overtake it."
"However, over-reliance on the Lightning network for scaling and extreme focus on decentralization with the risk of high fees is a key limiting factor at all times." Lingham went on,
Another example that perfectly describes the situation was when independent cryptocurrency researcher Hasu Fly explained the circumstances that led to Bitcoin forks in December 2018. In his memorable essay "Unpacking the Bitcoin Social Contract", Hasu states that the Bitcoin Social Contract can not normally mesh after a split, leaving only one contract. However, the crypto currency researcher explained that the BCH fork was a rare and different story.
"By logging the protocol, it is not the same to sign the social contract, so the new token is by default worthless," says Hasu in his essay. "In the rare case that the social contract itself splits up (as when bitcoin cash is separated from Bitcoin), you get two weaker social contracts that are accepted by fewer people than by the old ones."
The sum of all coins
For many people, the final decision will be made by the network participants and the free market in terms of what is "better Bitcoin" – and it may not be decided for a very long time. There are also supporters of cryptocurrencies who regard BCH, BTC and BSV as a "total coin-bearing approach" to see which one is outstanding in the future. People in this opinion believe that the Bitcoin Twitter grip should not be restricted or frozen by the whims of the mob and a Lightning network investor. In the crypto community, however, the suppression of mob domination and censorship has been extremely strong lately. The Orwellian thinking process expressed on Twitter should not be too surprising as forums such as r / bitcoin, many crypto thought-leaders and various censorship apologists advocate the obvious manipulation within the Bitcoin community since 2015.
What do you think of the people trying to block the Bitcoin Twitter account? Tell us in the comments what you think about this topic.
Picture credits: Shutterstock, Twitter and Pixabay.
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The post-Bitcoin account accuses Twitter that shadow prohibition should limit its reach, first in the Bitcoin news.