Twitter has been one of the biggest social media networks in the last decade, and it is one of the few networks where the crypto community has the strongest presence. While the different parts of the crypto community often go into minor Twitter wars, the recent situation seemingly managed to unite many, especially those who strongly support Bitcoin (BTC).
The new Twitter drama focuses on a single account — @Bitcoin. The account has more than 930,000 followers, and while it was originally created to support Bitcoin, at some point, the individual or entity behind it seemingly changed their mind. At that point, the account started criticizing Bitcoin and supporting Bitcoin Cash (BCH).
This is not exactly a new development, and the individual behind the account started criticizing it even back in 2017. They were particularly critical of Bitcoin’s scalability and high fees, which reached and exceeded $50 per every single transaction. Around this time, the BTC narrative itself saw a change, going from P2P cash to a store of value. As such, it became something other than what some members of the community wanted.
The person behind @Bitcoin was among those who did not like the way BTC was going, so they decided to start supporting BCH instead. Since then, criticism of Bitcoin increased, as well as praises of BCH. However, many within the BTC community decided not to tolerate this, so they started reporting the account.
It was not long before people started tagging Twitter CEO, Jack Dorsey. Dorsey is a known supporter of crypto, and one of the investors in the Lightning Network — technology that is supposed to improve Bitcoin’s scalability significantly. While most simply tagged Dorsey’s account in their tweets, demanding that he bans @Bitcoin, one individual sent him a private message — and got a response.
The BTC proponent in question is Zack Voell, who is also an analyst for Messari. After Voell sent a message to Dorsey, he got a response which simply said: “What do you recommend we do with it?” Voell made a screenshot of the message and posted it in a new tweet, although the tweet quickly got deleted after he was criticized by the community which felt it was unethical to share private messages.
You're right. Deleted, and I regret sharing it
— Zack Voell (@zackvoell) April 21, 2019
What will happen to @Bitcoin?
One thing to note is that @Bitcoin was already banned previously, in 2018. The account currently has nearly 1 million followers, although its audience reach is much lower than before. The person behind it did not remain silent during the latest drama, either. They tweeted about how ‘ the BTC maxis’ do not like it when @Bitcoin points out ‘contradictions promoting censorship-resistance as a fundamental value.’ They then complained about how the BTC supporters abuse the report feature, and that Twitter CEO is complicit.
The @bitcoin account should be
— Jimmy Song (송재준) (@jimmysong) April 20, 2019
As far as the BCH community on Twitter is concerned, it is wrong to believe that Bitcoin only has a single version that is ‘right,’ and many of them changed their profile picture in support to @Bitcoin. In addition, they started a new hashtag, #WeAreAllBitcoin.
Their message is that BCH, as well as other forks of BTC, now exist as other versions of Bitcoin. Not clones or copies, but different paths that Bitcoin could have taken during its evolution. This is not an unusual way of thinking within the crypto community, and many have recognized that the same happened with Ethereum and Ethereum Classic.
As for the Bitcoin ecosystem, there are many opinions, and a lot of them vary. Some believe that all Bitcoin forks should be recognized as legitimate versions of BTC. Others are firmly against it. Some believe that only a few versions of the protocol have what it takes to compete and survive the market. And, it the case of @Bitcoin, the account supporters claim that the account owner can support any Bitcoin version they like.
Their reasoning is based on the fact that this is a private account, and as such, the owner is entitled to their own opinion. Anyone can agree or disagree, but they have no right to ask for the account’s removal. They also mentioned that Bitcoin itself is open source, with no trademarks, owners, or copyright. With that in mind, banning @Bitcoin would be a form of censorship, according to the account supporters.
The @Bitcoin twitter handle isn’t the property of anyone but Twitter. As such, how it is permitted to be used should be entirely determined by Twitter’s TOS.
— Erik Voorhees (@ErikVoorhees) April 22, 2019
So far, the debate has yet to see its closure, and it was particularly strong during the weekend. Even so, it is not likely that it will end with the start of the new week, and it is still unknown how and if it will be resolved.