Take yourself back to August 2017. You just survived the horrifying, FUD-filled “scaling debate” – with Bitcoin soaring, and the evil spawn from hell BCash, soaring, too. BCash, the first ever cryptodividend, was worth about 10% of Bitcoin – and you loved Bitcoin so much; and hated Roger Ver equally so; that you, like myself, immediately sold your BCH for BTC. In fact, Trezor made it easy – as all you had to do was click a few buttons on your device, and send the hideously overvalued, but FREE BCH, to an exchange.
Lo and behold, barely a few weeks passed before Roger and Jihan launched the first of MANY attacks – in each case, boosting BCash as Bitcoin crashed…one of which, occurred on Thanksgiving; and one, explicitly coordinated with CNBC and Coinbase. During those equally horrifying, FUD-filled events, BCash rose as high as 50% of BTC – and spent weeks on end above 20%. Wouldn’t you love to have held your BCash during these tumultuous times (let alone, if it paid a HODL reward) – to sell at higher prices, or at the least, shield (i.e., hedge) you from the pain?
This time around, Bitcoin holders had to register for MWC – which is not a fork, but an airdrop…and couldn’t be more “friendly.” In fact, Lead Dev Chris Gilliard is the world’s biggest Bitcoin supporter – who created MWC with the hope MimbleWimble will one day being incorporated into Bitcoin to make it more valuable…and as well, to reward BTC holders (with a free airdrop, and free HODL rewards), and the opportunity to HEDGE themselves if the rapidly approaching “privacy debate” gets ugly.
Make no mistake, neither Chris or anyone in the Bitcoin community – including legions of developers shifting their attention to this revolutionary blockchain technology – know how things will play out, or on what time frame.
However, it couldn’t be more obvious a privacy debate is coming – which will not only be about privacy, but the superior scaling and fungibility MimbleWimble technology provides. And given that the BTC community’s initial reaction has been to ignore, shun, or misrepresent it (undoubtedly, because a HARD FORK would be required to implement it), it’s very possible MimbleWimble will disrupt Bitcoin sometime down the road.
However, unlike the scaling debate – where Bitcoin’s solution was better than BCash’s – MimbleWimble is FAR superior to current Bitcoin blockchain technology. In other words, it may well win. In Chris’ view, this would be a best case scenario for Bitcoin. However, it’s very possible the BTC community fights it tooth and nail, forcing MimbleWimble coins like MWC to challenge its market share.
Thus, for those considering “dumping” their FREE MWC at such low valuations – in some cases, before the exchange listings we are working hard to launch at or around the time of the December 11th airdrop claims date even occur – I ask you this…
Do you REALLY want to sell something you received for FREE, that could be worth MANY multiples more – or, HEDGE you from the worst-case scenario of a disruptive Bitcoin privacy debate?
The MWC airdrop registration ended July 19th, with MainNet launch scheduled for November 11th, 2019, and claims on December 11th, 2019. A total of 148,474 Bitcoin registered – roughly 1% of the entire BTC float - yielding an MWC/BTC ratio of roughly 40.41. For more information, please check out the MWC website, Discord room, Twitter feed, and Telegram Forum.
Join us on MimbleWimbleCoin Telegram, too!