Possible reasons why this alleged attack has occurred within the Bitcoin community:
1. Monopolise the news cycle to distract from BIP110.
2. Steal BTC from Bitcoin plebs—the very foundation of the BIP110 movement.
3. Destroy faith in self-custody. (Bitcoin only functions as a system if a critical mass holds their own keys and runs full archival nodes to enforce the rules. Otherwise, large mining pools, corporations, and Bitcoin Core devs will inevitably control the network.)
4. Drive users to move their BTC to exchanges—the absolutely worst place to be during a contentious soft fork that may result in a chain split, should miners collude.
From my perspective, the reasons outlined by Matthew Kratter's are not just spot on—they are profoundly accurate.
Anyone who considers themselves a Bitcoin holder, yet remains unwilling or unable to grasp the nature of this situation, is—whether blatantly or deep down—accepting of Bitcoin being transformed.
Through centralisation and control, its inherently decentralised nature is compromised.
Consequently, those individuals will likely see their savings—and Bitcoin’s status as “sound money”—plummet in the not-too-distant future. 📉
#Bitcoin #BIP110 #Decentralisation #Plebs #NoKYCisTheWay