What are you considering Bitcoin's first war with The State, and when did it end? By my count, The State has been at war with bitcoin since the arrest of Ross Ulbricht and the subsequent claim to a particular dollar value attached to his bitcoin, thus bitcoin in general.
Discussion
I'm referring to this:
loved your video nostr:npub1mygerccwqpzyh9pvp6pv44rskv40zutkfs38t0hqhkvnwlhagp6s3psn5p but I think you underestimate the holders (i prefer the term "investors"). You correctly point out that if a merchant prefers one fork to another then that exerts some influence on which fork will win. but i think this is more true in the case of investors since a merchant can just accept either fork at the market rate and then their preference becomes in what fork to hold/invest in.