Bitcoin (BTC) has always had divided opinion in the crypto industry, as the market-leading cryptocurrency has a special status that divides the community into two camps. However, one of the major developers of BTC is now calling for an end to this mindset.
In a recent Twitter thread, Matt Corallo, who helped develop Bitcoin Core, says that fans of the crypto market leader often talk little about the strength of their favorite cryptocurrency and harshly criticize other projects. rather instead.
According to Corallo, this is resulting in a narrative war in which supporters of different cryptocurrencies are literally beating heads. According to the developer, the unintended consequence is that the industry is more likely to collapse than pull together.
As an example, Corallo points to Bitcoin fans who have sharply criticized the current Ethereum (ETH) merger, i.e. the switch from smart contract platforms to a Proof-of-Stake (PoS) consensus process, which has given Ethereum fans a counterattack started and publicly fueled debate about the perceived environmental harms of Bitcoin’s Proof-of-Work (PoW) consensus process.
Instead, it is important to emphasize the positive aspects of BTC without taking away the raison d’être of other crypto projects.
It remains to be seen whether the lead developer’s demands will be heard, because Bitcoin fanatics – also known as “maximalists” – are often unwilling to compromise. One such extremist responded to Corallo’s post, “Anything but bitcoin is a scam.”
Microstrategy chief Michael Sayer, one of the most influential Bitcoin investors, recently argued that all PoS cryptocurrencies are essentially securities controlled by centralized corporations.
In early July, Ethereum co-founder Vitalik Buterin completely dismissed criticism of Proof-of-Stake, which was often based on a very superficial understanding of the consensus process.