There was a time when Bitcoin (BTC) was the only cryptocurrency project that wasn’t a scam, and advocating just for BTC made a lot of sense. However, according to a Bitcoin Core contributor, this has long been untrue, as he urged the community to abandon the culture of “us (Bitcoiners) against everyone”.
In a Twitter thread, Matt Corallo, who contributed to the development of Bitcoin Core, pointed out to the communityCurrently, instead of BTC advocates taking their time to explain and expose why Bitcoin is unique and remarkable, they are spending their time attacking other projects.
According to Corallo, this situation is leading to what he described as a narrative war, in which cryptocurrency projects attack each other. Corallo further explained that Bitcoin supporters attacking Ethereum for the upcoming merger, saying that the transition to proof-of-stake (PoS) will not work, will in turn push Ethereum supporters to pressure regulators against Bitcoin based on on the environmental impact of PoW mining.
Lastly, the developer urged Bitcoiners to focus on talking about Bitcoin and its positive aspects and stop the culture of attacking other non-BTC projects.
Despite the call for more respect and courtesy for other projects, some Bitcoiners remain undeterred. In response to the thread, Twitter user BitcoinCEOh said that “everything that is not Bitcoin is a scam.” Furthermore, he added that some projects seem legitimate but turn out to be scams in the end.
In July, popular Bitcoin advocate Michael Saylor said in an interview that all PoS networks are valuable and very risky. He argued that Ethereum is a security due to its inherent characteristics, such as being issued through an initial coin offering (ICO). He pointed out that it is up to the regulators to decide whether these projects should continue or not.
Meanwhile, Ethereum founder Vitalik Buterin has actively defended Ethereum from criticism. Buterin has criticized the arguments against Ethereum’s voting, calling one of them a “blatant lie,” claiming that Ethereum does not vote on protocol parameters.
Clarification: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information set forth herein should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
Investments in crypto assets are not regulated. They may not be suitable for retail investors and the full amount invested may be lost. The services or products offered are not aimed at or accessible to investors in Spain.