Dear All,
There’s a “Civil War” happening inside Bitcoin right now, and this week it stopped simmering and went nuclear!
It all revolves around something called “BIP-110” — a contentious software upgrade that would adjust Bitcoin’s rules to prevent spam being propagated and stored on the network — and one of the two forces I cover in my new Report.
Its first deadline for the upgrade (the “first key date” I’ve been writing about) is now expected this Saturday afternoon.
And, as it approaches, the war is taking a really nasty turn …and, honestly, it’s quite fascinating!
Last week I told you about the theft from users of the Coldcard wallet (a device for storing Bitcoin securely). It has now grown from $70 million to around $114 million — and counting.
Some well-known voices in the space are now suggesting it was an inside job… and possibly a state-level attack, timed to land days before the deadline, and drive worried Bitcoin owners onto exchanges and out of self custody of their Bitcoin.
And that is the worst possible place to be at a time like this where there is a risk of a “chain split” (which is explained in the Report).
Old internet posts are being dug up and are exposing some potentially really shady predictions…
One chap, JW Weatherman, publicly predicted back in 2020 that a hardware wallet manufacturer would one day “exit scam” (steal its own customers’ Bitcoin), and then blame it on an accidental bug.
Even more remarkably: back in October 2021, Coldcard’s own official account mentioned a “retirement attack”. They were boasting that their device made such an attack impossible… seven months after the very bug behind this month’s thefts had been introduced into their firmware.
Someone replied asking what a retirement attack is This was their answer…
Those posts are now doing the rounds again, for obvious reasons, with many prominent Bitcoiners suggesting foul play.
Then on Monday, a service called Boltz, part of the back-end behind several Bitcoin wallets, suspended itself indefinitely. In its own words: attackers, armed with “AI”, are now finding holes faster than its team can patch them.
Then yesterday, a third target: Zeus, a popular Bitcoin wallet used for fast payments, came under attack too.
Can the timing of this all be a coincidence? Many prominent Bitcoiners are now convinced it’s a well coordinated and long planned attack.
Essentially, it looks like some criminal entity — possibly a state actor — is fighting dirty and throwing everything at the war to force the outcome they want.
There has also been a massive disinformation campaign, with one group managing to get a fake article published on a major finance site, which led to Google’s “AI” telling everyone that the BIP-110 software upgrade had been “cancelled”…
The proposal’s author had to publicly respond: “BIP-110 has NOT been canceled. BIP-110 CANNOT be canceled.”
Honestly, I think I may have to write a book about this when it’s all said and done, because what I’ve told you about here is only scratching the surface!
Anyway, that’s where we are: fear, misinformation, sabotage theories, coins fleeing to exchanges, and the biggest names in Bitcoin at each other’s throats — with the first key date (the moment the BIP-110 upgrade goes live and the confrontation begins) arriving this Saturday.
Now, if you’re not a Bitcoiner yourself, I imagine all of this sounds genuinely alarming — thefts, sabotage, a network at war with itself.
But none of this touches anyone who understands the handful of basic principles I set out in the Report. The Bitcoin network itself has not missed a beat or had anything compromised. Everything that’s happened has been peripheral to Bitcoin itself.
The panic and the fake news only fool people who don’t understand what they’re looking at — and even the thefts were survivable with the right setup, which is exactly what the Report’s protection steps cover.
Here’s the thing though. If you’ve read the new Member Report, none of this will be confusing. It’s chapter and verse: the war, the players, the three ways it ends, and what each ending means for the price.
This is precisely the “blood in the streets” moment the Report talks about.
It’s 31 pages, and you could read it tonight — then watch Saturday unfold as one of the few people on Earth who actually understands what they’re looking at:
All the best,
Adam
P.S. And it comes with a no-questions-asked money-back guarantee, so there’s genuinely no risk in reading it. Also, the discounted launch price ends on Saturday, the moment the upgrade goes live — after that, the price is going up (probably to ~£70 – TBC).
The biggest white collar con ever !
No that was disconnecting paper money from gold