The @Bitcoin account has been suspended on Twitter.
(Source:
)https://twitter.com/SatoshiLite/status/982879415532011520
- SatoshiLite
On first glance this might sound like it has something to do with Twitter's ban of ICOs and bitcoin advertising...
However, in reality it has nothing to do with either.
False and Deceptive promotion?
The account was either purchased or acquired some time back by major BCH supporters.
Since that time the account has been used on a daily basis to promote BCH while at the same time "bashing" the original BTC.
Promoting BCH isn't that bad, and neither is bashing BTC (if that is what they really believe), the problem is that they have been doing so from the official account.
Had they been using the account, no problems.
They know the account has much further reach, hence why they have been using it in the first place.
Some other possible issues.
There are several notable names behind BCH, and they have gone out of their way to put down the original BTC any way they can to help promote their BCH.
That also likely flies in the face of what regulators want to see as well.
They have no problem with decentralized payment systems, but ones that look more like a pyramid scheme with very centralized ownership, those tend to get looked at a little more closely.
Not saying that BCH fits that bill, because it doesn't, but the main backers of BCH have gone out of their way to promote "their coin" using misleading tactics, including the use of the name on Twitter.
What happens from here?
All that being said, this isn't the first time the account has been suspended on Twitter.
And, it will likely be back up and running again in the near future, if the last time was any indication.
Though, hopefully the account either goes away or eventually gets owned by someone offering news related to the original BTC, since that is what the name of the account suggests.
If people want to promote BCH, that is fine, just do it from the BCH account.
Stay informed my friends.