Bring a large pot of salted water to a boil. Add in the potatoes and cook until fork tender, about 7 to 12 minutes. Before you drain the potatoes, prepare a large bowl filled with ice water. Drain the potatoes, then add the potatoes immediately to the bowl of ice water and let sit until the potatoes have cooled completely. Drain and set aside. Meanwhile add the mayo, sour cream, hot sauce, green onions, bacon, salt and pepper in a large bowl and whisk until combined. Gently stir in the potatoes and cheddar cheese until coated and combined. Chill salad, covered, in the fridge until ready to serve. Enjoy!