The main benefactor of the Bitcoin civil war has been Ethereum.

in blurtlife •  2 years ago 

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Bitcoin is perhaps the greatest tool for economic freedom in a generation—maybe more. Unfortunately, Bitcoin has been furiously stifled by a brutal civil war for about five years now; waged by professional social engineers from some of the most powerful companies in the social media space. Their talent in the art and science of manipulation has kept Bitcoiners largely fighting among themselves rather than pursuing inroads into data-driven business models that could revolutionize the global economy.

In the wake of the Bitcoin civil war, three competing versions of Bitcoin have emerged (BTC, BCH and Bitcoin SV), but so too have about 3,000 other “cryptocurrency” projects and tokens masquerading as legitimate businesses—until the almost guaranteed exit scam. The main benefactor of the Bitcoin civil war has been Ethereum: a global state machine that allows easy deployment of tokens and smart contracts, but the Ethereum protocol cannot scale, and of the thousands of projects launched, only a handful could even conceivably be touted as having the ingredients necessary to ever become legitimate businesses. The rest are Ponzi schemes or illegal securities offerings—enriching developers and scamming amateur investors.

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