In a small bowl, stir together the mayonnaise and sour cream until evenly combined.
Stir in 1/2 of the green onions (1/4 cup), the cheese, salt, and pepper.
Let this sit in the fridge to chill while you prepare the potatoes.
Wash, peel, and then cut potatoes into bite-sized pieces.
Put cut potatoes into a large pot, cover with water, and boil until just fork tender, about 15-20 minutes. Don't over boil, or potatoes with mush and become loaded mashed potatoes.
When potatoes are done, drain, and let cool.
Put potatoes in a large bowl and combine with the sour cream mixture.
Stir, or fold, in about 3/4 of the crumbled bacon.
Top with remaining green onions and crumbled bacon.
Serve chilled.