When Bitcoin’s most controversial Twitter account suddenly had an identity crisis, the conspiracy theories began to come out of the woodwork. | Source: Shutterstock
By CCN Markets: Bitcoin maximalists feuding with altcoiners is not headline-worthy material.
However, when a Twitter handle that boasts 1 million followers and previously pumped Bitcoin Cash suddenly deletes old anti-Bitcoin tweets and even links to Bitcoin.org in its profile, everyone takes notice.
But due to the fact that no clear explanation has been given, the floodgates of conspiracy theories have opened. Here are five of the wackiest ones.
1. Romance gone sour
The founder of Litecoin, Charlie Lee, speculated that the change of tune by the Twitter handle could have been spurred by a fallout between the owner of the Twitter handle and a leading Bitcoin Cash luminary, Roger Ver.
Yes, that Roger Ver:
Despite the lack of evidence, Lee theorized that the owner of @Bitcoin had been involved romantically with Ver and that this was the product of a messy break-up.
I have no proof of this, but I think the owner of @bitcoin must have had a romantic relationship with Roger Ver and recently broke up with Roger. That’s the only thing that can explain why @bitcoin stopped supporting BCH.
— Charlie Lee [LTC⚡] (@SatoshiLite) August 20, 2019
2. Bitcoin Cash has been REKT!
Another social media user suggested that the bigwigs at Bitcoin Cash are looking to raise funds in order to stay afloat. Consequently, they had to sell the @Bitcoin Twitter handle!
Economics: as BCH is going down, its promoters are running out of money. They had to sell the account.
— MⒶrtin HⒶboⓋštiak [🔑 ~6y before deadline] (@kixunil) August 20, 2019
But would the amount that they would raise make any difference?
According to social media account appraisal tool Free Valuator, @Bitcoin’s large follower base should make it worth approximately $434,590.
The market value of @Bitcoin | Source: Free Valuator
However, that doesn’t account for the inherent value of the “Bitcoin” brand.
3. Run, it’s a Bitcoin SV trap!
With the Bitcoin Cash crowd having had a feud last year in November leading to the Bitcoin SV fork, the internet was not short on conspiracy theories alleging that the new stance of the Twitter handle was a ruse by BSV.
Plot twist: What if it was a trap? Calvin bought it and gonna surprise shill SV so hard our heads will explode.
— Vandelay BTC Industries (@Karalhoin) August 20, 2019
According to this unsubstantiated conspiracy theory, one of the faces of BSV, Calvin Ayre, has acquired the account to use it as a promotional tool for his favored cryptocurrency.
4. Jack Dorsey and Roger Ver are locked in a propaganda war
It is just a theory, I have no evidence … 😏
— Alistair Milne (@alistairmilne) August 19, 2019
Per cryptocurrency entrepreneur and investor Alistair Milne, previous attacks of a personal nature by Roger Ver aimed at the CEO of Twitter, Jack Dorsey, could have led to the social media company giving the former an ultimatum – clean up your act or ship out!
5. You are at the mercy of a revisionist now!
The account @Bitcoin has obviously been hijacked by somebody who’s intent on revising history and falsifying financial information. Electronic trespassing, insider, securities fraud… Serious stuff in the eyes of the State. I wonder how many years of jail they’re gunning for?
— Rick Falkvinge (@Falkvinge) August 20, 2019
Finally, Bitcoin Cash backer and Swedish Pirate Party founder Rick Falkvinge theorized that the @Bitcoin Twitter handle had been taken over by a revisionist who is keen on doctoring information.
“Serious stuff in the eyes of the State,” he warned. “I wonder how many years of jail they’re gunning for?”