Pieter Wuille's Segregated Witness and Fraud Proofs (via Soft-Fork!) is a major improvement for scaling and security (and upgrading!)
I also think Pieter Wuille is a great programmer and I was one of the first people to support SegWit after it was announced at a congress a few months ago.https://np.reddit.com/btc/comments/57zbkp/if_blockstream_were_truly_conservative_and_wanted/
But then Blockstream went and distorted SegWit to fit it into their corporate interests (maintaining their position as the dominant centralized dev team - which requires avoiding hard-forks). And Blockstream's corporate interests don't always align with Bitcoin's interests.
As noted in the link in the section title above, I myself was an outspoken supporter championing SegWit on the day when I first the YouTube of Pieter Wuille explaining it at one of the early "Scaling Bitcoin" conferences.https://np.reddit.com/btc/comments/5ejmin/coreblockstream_is_living_in_a_fantasy_world_in/
Then I found out that doing it as a soft fork would add unnecessary "spaghetti code" - and I became one of the most outspoken opponents of SegWit.
Pieter Wuille's SegWit would be a great refactoring and clean-up of the code (if we don't let Luke-Jr poison it by packaging it as a soft-fork)https://np.reddit.com/btc/comments/4kxtq4/i_think_the_berlin_wall_principle_will_end_up/
Probably the only prominent Core/Blockstream dev who does understand this kind of stuff like the Robustness Principle or its equivalent reformulation in terms of covariant and contravariant types is someone like Pieter Wuille – since he’s a guy who’s done a lot of work in functional languages like Haskell – instead of being a myopic C-tard like most of the rest of the Core/Blockstream devs. He’s a smart guy, and his work on SegWit is really important stuff (but too bad that, yet again, it’s being misdelivered as a “soft-fork,” again due to the cluelessness of someone like Luke-Jr, whose grasp of syntax and semantics – not to mention society – is so glaringly lacking that he should have been recognized for the toxic influence that he is and shunned long ago).https://np.reddit.com/btc/comments/4k6tke/the_tragedy_of/
The damage which would be caused by SegWit (at the financial, software, and governance level) would be massive:https://np.reddit.com/btc/comments/5r9cu7/the_real_question_is_how_fast_do_bugs_get_fixed/
- Millions of lines of other Bitcoin code would have to be rewritten (in wallets, on exchanges, at businesses) in order to become compatible with all the messy non-standard kludges and workarounds which Blockstream was forced into adding to the code (the famous "technical debt") in order to get SegWit to work as a soft fork.
- SegWit was originally sold to us as a "code clean-up". Heck, even I intially fell for it when I saw an early presentation by Pieter Wuille on YouTube from one of Blockstream's many, censored Bitcoin
scalingstalling conferences)- But as we all later all discovered, SegWit is just a messy hack.
- Probably the most dangerous aspect of SegWit is that it changes all transactions into "ANYONE-CAN-SPEND" without SegWit - all because of the messy workarounds necessary to do SegWit as a soft-fork. The kludges and workarounds involving SegWit's "ANYONE-CAN-SPEND" semantics would only work as long as SegWit is still installed.
- This means that it would be impossible to roll-back SegWit - because all SegWit transactions that get recorded on the blockchain would now be interpreted as "ANYONE-CAN-SPEND" - so, SegWit's dangerous and messy "kludges and workarounds and hacks" would have to be made permanent - otherwise, anyone could spend those "ANYONE-CAN-SPEND" SegWit coins!
Segwit cannot be rolled back because to non-upgraded clients, ANYONE can spend Segwit txn outputs. If Segwit is rolled back, all funds locked in Segwit outputs can be taken by anyone. As more funds gets locked up in segwit outputs, incentive for miners to collude to claim them grows.https://np.reddit.com/btc/comments/5ge1ks/segwit_cannot_be_rolled_back_because_to/
https://np.reddit.com/btc/search?q=segwit+anyone+can+spend&restrict_sr=on&sort=relevance&t=all
"SegWit encumbers Bitcoin with irreversible technical debt. Miners should reject SWSF. SW is the most radical and irresponsible protocol upgrade Bitcoin has faced in its history. The scale of the code changes are far from trivial - nearly every part of the codebase is affected by SW" Jaqen Hash’gharhttps://np.reddit.com/btc/comments/5rdl1j/segwit_encumbers_bitcoin_with_irreversible/
3 excellent articles highlighting some of the major problems with SegWit: (1) "Core Segwit – Thinking of upgrading? You need to read this!" by WallStreetTechnologist (2) "SegWit is not great" by Deadalnix (3) "How Software Gets Bloated: From Telephony to Bitcoin" by Emin Gün Sirerhttps://np.reddit.com/btc/comments/5rfh4i/3_excellent_articles_highlighting_some_of_the/
"The scaling argument was ridiculous at first, and now it's sinister. Core wants to take transactions away from miners to give to their banking buddies - crippling Bitcoin to only be able to do settlements. They are destroying Satoshi's vision. SegwitCoin is Bankcoin, not Bitcoin" ~ u/ZeroFucksG1v3nhttps://np.reddit.com/btc/comments/5rbug3/the_scaling_argument_was_ridiculous_at_first_and/
u/Uptrenda on SegWit: "Core is forcing every Bitcoin startup to abandon their entire code base for a Rube Goldberg machine making their products so slow, inconvenient, and confusing that even if they do manage to 'migrate' to this cluster-fuck of technical debt it will kill their businesses anyway."https://np.reddit.com/btc/comments/5e86fg/uuptrenda_on_segwit_core_is_forcing_every_bitcoin/
"SegWit [would] bring unnecessary complexity to the bitcoin blockchain. Huge changes it introduces into the client are a veritable minefield of issues, [with] huge changes needed for all wallets, exchanges, remittance, and virtually all bitcoin software that will use it." ~ u/Bitcoinopolyhttps://np.reddit.com/btc/comments/5jqgpz/segwit_would_bring_unnecessary_complexity_to_the/
Just because something is a "soft fork" doesn't mean it isn't a massive change. SegWit is an alt-coin. It would introduce radical and unpredictable changes in Bitcoin's economic parameters and incentives. Just read this thread. Nobody has any idea how the mainnet will react to SegWit in real life.https://np.reddit.com/btc/comments/5fc1ii/just_because_something_is_a_soft_fork_doesnt_mean/
Core/Blockstream & their supporters keep saying that "SegWit has been tested". But this is false. Other software used by miners, exchanges, Bitcoin hardware manufacturers, non-Core software developers/companies, and Bitcoin enthusiasts would all need to be rewritten, to be compatible with SegWithttps://np.reddit.com/btc/comments/5dlyz7/coreblockstream_their_supporters_keep_saying_that/
SegWit-as-a-softfork is a hack. Flexible-Transactions-as-a-hard-fork is simpler, safer and more future-proof than SegWit-as-a-soft-fork - trivially solving malleability, while adding a "tag-based" binary data format (like JSON, XML or HTML) for easier, safer future upgrades with less technical debthttps://np.reddit.com/btc/comments/5a7husegwitasasoftfork_is_a_hack/
ViABTC: "Why I support BU: We should give the question of block size to the free market to decide. It will naturally adjust to ever-improving network & technological constraints. Bitcoin Unlimited guarantees that block size will follow what the Bitcoin network is capable of handling safely."https://np.reddit.com/btc/comments/574g5l/viabtc_why_i_support_bu_we_should_give_the/
"Why is Flexible Transactions more future-proof than SegWit?" by u/ThomasZanderhttps://np.reddit.com/btc/comments/5rbv1j/why_is_flexible_transactions_more_futureproof/
Bitcoin's specification (eg: Excess Blocksize (EB) & Acceptance Depth (AD), configurable via Bitcoin Unlimited) can, should & always WILL be decided by ALL the miners & users - not by a single FIAT-FUNDED, CENSORSHIP-SUPPORTED dev team (Core/Blockstream) & miner (BitFury) pushing SegWit 1.7MB blockshttps://np.reddit.com/btc/comments/5u1r2d/bitcoins_specification_eg_excess_blocksize_eb/
The Blockstream/SegWit/LN fork will be worth LESS: SegWit uses 4MB storage/bandwidth to provide a one-time bump to 1.7MB blocksize; messy, less-safe as softfork; LN=vaporware. The BU fork will be worth MORE: single clean safe hardfork solving blocksize forever; on-chain; fix malleability separately.https://np.reddit.com/btc/comments/57zjnk/the_blockstreamsegwitln_fork_will_be_worth_less/
Brock Pierce's BLOCKCHAIN CAPITAL is part-owner of Bitcoin's biggest, private, fiat-funded private dev team (Blockstream) & biggest, private, fiat-funded private mining operation (BitFury). Both are pushing SegWit - with its "centrally planned blocksize" & dangerous "anyone-can-spend kludge".https://np.reddit.com/btc/comments/5sndsz/brock_pierces_blockchain_capital_is_partowner_of/
The real reason why Core / Blockstream always favors soft-forks over hard-forks (even though hard-forks are actually safer because hard-forks are explicit) is because soft-forks allow the "incumbent" code to quietly remain incumbent forever (and in this case, the "incumbent" code is Core)https://np.reddit.com/btc/comments/4080mw/the_real_reason_why_core_blockstream_always/
Reminder: Previous posts showing that Blockstream's opposition to hard-forks is dangerous, obstructionist, selfish FUD. As many of us already know, the reason that Blockstream is against hard forks is simple: Hard forks are good for Bitcoin, but bad for the private company Blockstream.https://np.reddit.com/btc/comments/4ttmk3/reminder_previous_posts_showing_that_blockstreams/
"They [Core/Blockstream] fear a hard fork will remove them from their dominant position." ... "Hard forks are 'dangerous' because they put the market in charge, and the market might vote against '[the] experts' [at Core/Blockstream]" - ForkiusMaximushttps://np.reddit.com/btc/comments/43h4cq/they_coreblockstream_fear_a_hard_fork_will_remove/
The proper terminology for a "hard fork" should be a "FULL NODE REFERENDUM" - an open, transparent EXPLICIT process where everyone has the right to vote FOR or AGAINST an upgrade. The proper terminology for a "soft fork" should be a "SNEAKY TROJAN HORSE" - because IT TAKES AWAY YOUR RIGHT TO VOTE.https://np.reddit.com/btc/comments/5e4e7d/the_proper_terminology_for_a_hard_fork_should_be/
If Blockstream were truly "conservative" and wanted to "protect Bitcoin" then they would deploy SegWit AS A HARD FORK. Insisting on deploying SegWit as a soft fork (overly complicated so more dangerous for Bitcoin) exposes that they are LYING about being "conservative" and "protecting Bitcoin".https://np.reddit.com/btc/comments/57zbkp/if_blockstream_were_truly_conservative_and_wanted/
"We had our arms twisted to accept 2MB hardfork + SegWit. We then got a bait and switch 1MB + SegWit with no hardfork, and accounting tricks to make P2SH transactions cheaper (for sidechains and Lightning, which is all Blockstream wants because they can use it to control Bitcoin)." ~ u/URGOVERNMENThttps://np.reddit.com/btc/comments/5ju5r8/we_had_our_arms_twisted_to_accept_2mb_hardfork/
u/Luke-Jr invented SegWit's dangerous "anyone-can-spend" soft-fork kludge. Now he helped kill Bitcoin trading at Circle. He thinks Bitcoin should only hard-fork TO DEAL WITH QUANTUM COMPUTING. Luke-Jr will continue to kill Bitcoin if we continue to let him. To prosper, BITCOIN MUST IGNORE LUKE-JR.https://np.reddit.com/btc/comments/5h0yf0/ulukejr_invented_segwits_dangerous_anyonecanspend/
Normal users understand that SegWit-as-a-softfork is dangerous, because it deceives non-upgraded nodes into thinking transactions are valid when actually they're not - turning those nodes into "zombie nodes". Greg Maxwell and Blockstream are jeopardizing Bitcoin - in order to stay in power.https://np.reddit.com/btc/comments/4mnpxx/normal_users_understand_that_segwitasasoftfork_is/
"Negotiations have failed. BS/Core will never HF - except to fire the miners and create an altcoin. Malleability & quadratic verification time should be fixed - but not via SWSF political/economic trojan horse. CHANGES TO BITCOIN ECONOMICS MUST BE THRU FULL NODE REFERENDUM OF A HF." ~ u/TunaMelthttps://np.reddit.com/btc/comments/5e410j/negotiations_have_failed_bscore_will_never_hf/
"Anything controversial ... is the perfect time for a hard fork. ... Hard forks are the market speaking. Soft forks on any issues where there is controversy are an attempt to smother the market in its sleep. Core's approach is fundamentally anti-market" ~ u/ForkiusMaximushttps://np.reddit.com/btc/comments/5f4zaa/anything_controversial_is_the_perfect_time_for_a/
As Core / Blockstream collapses and Classic gains momentum, the CEO of Blockstream, Austin Hill, gets caught spreading FUD about the safety of "hard forks", falsely claiming that: "A hard-fork forced-upgrade flag day ... disenfranchises everyone who doesn't upgrade ... causes them to lose funds"https://np.reddit.com/btc/comments/41c8n5/as_core_blockstream_collapses_and_classic_gains/
Core/Blockstream is living in a fantasy world. In the real world everyone knows (1) our hardware can support 4-8 MB (even with the Great Firewall), and (2) hard forks are cleaner than soft forks. Core/Blockstream refuses to offer either of these things. Other implementations (eg: BU) can offer both.https://np.reddit.com/btc/comments/5ejmin/coreblockstream_is_living_in_a_fantasy_world_in/
Blockstream is "just another shitty startup. A 30-second review of their business plan makes it obvious that LN was never going to happen. Due to elasticity of demand, users either go to another coin, or don't use crypto at all. There is no demand for degraded 'off-chain' services." ~ u/jeanduluozhttps://np.reddit.com/btc/comments/59hcvblockstream_is_just_another_shitty_startup_a/
The debate is not "SHOULD THE BLOCKSIZE BE 1MB VERSUS 1.7MB?". The debate is: "WHO SHOULD DECIDE THE BLOCKSIZE?" (1) Should an obsolete temporary anti-spam hack freeze blocks at 1MB? (2) Should a centralized dev team soft-fork the blocksize to 1.7MB? (3) OR SHOULD THE MARKET DECIDE THE BLOCKSIZE?https://np.reddit.com/btc/comments/5pcpec/the_debate_is_not_should_the_blocksize_be_1mb/
The Bitcoin community is talking. Why isn't Core/Blockstream listening? "Yes, [SegWit] increases the blocksize but BU wants a literal blocksize increase." ~ u/lurker_derp ... "It's pretty clear that they [BU-ers] want Bitcoin, not a BTC fork, to have a bigger blocksize." ~ u/WellSpentTimehttps://np.reddit.com/btc/comments/5fjh6l/the_bitcoin_community_is_talking_why_isnt/
"The MAJORITY of the community sentiment (be it miners or users / hodlers) is in favour of the manner in which BU handles the scaling conundrum (only a conundrum due to the junta at Core) and SegWit as a hard and not a soft fork." ~ u/pekatetehttps://np.reddit.com/btc/comments/593voi/the_majority_of_the_community_sentiment_be_it/
Bitcoin Unlimited is the real Bitcoin, in line with Satoshi's vision. Meanwhile, BlockstreamCoin+RBF+SegWitAsASoftFork+LightningCentralizedHub-OfflineIOUCoin is some kind of weird unrecognizable double-spendable non-consensus-driven fiat-financed offline centralized settlement-only non-P2P "altcoin"https://np.reddit.com/btc/comments/57brcb/bitcoin_unlimited_is_the_real_bitcoin_in_line/
The number of blocks being mined by Bitcoin Unlimited is now getting very close to surpassing the number of blocks being mined by SegWit! More and more people are supporting BU's MARKET-BASED BLOCKSIZE - because BU avoids needless transaction delays and ultimately increases Bitcoin adoption & price!https://np.reddit.com/btc/comments/5rdhzh/the_number_of_blocks_being_mined_by_bitcoin/
I have just been banned for from /Bitcoin for posting evidence that there is a moderate/strong inverse correlation between the amount of Bitcoin Core Blocks mined and the Bitcoin Price (meaning that as Core loses market share, Price goes up).https://np.reddit.com/btc/comments/5v10zw/i_have_just_been_banned_for_from_rbitcoin_fo
Flipping the Script: It is Core who is proposing a change to Bitcoin, and BU/Classic that is maintaining the status quo.https://np.reddit.com/btc/comments/5v36jy/flipping_the_script_it_is_core_who_is_proposing_a/
The main difference between Bitcoin core and BU client is BU developers dont bundle their economic and political opinions with their codehttps://np.reddit.com/btc/comments/5v3rt2/the_main_difference_between_bitcoin_core_and_bu/
"Compromise is not part of Honey Badger's vocabulary. Such notions are alien to Bitcoin, as it is a creature of the market with no central levers to compromise over. Bitcoin unhampered by hardcoding a 1MB cap is free to optimize itself perfectly to defeat all competition." ~ u/ForkiusMaximushttps://np.reddit.com/btc/comments/5y7vsi/compromise_is_not_part_of_honey_badgers/
Purely coincidental... ~ u/ForkiusMaximushttps://np.reddit.com/btc/comments/6a72vm/purely_coincidental/
Latest Segwit Trickery involves prominent support for "SW Now 2MB Later" which will lead to only half of the deal being honored. Barry Silbert front and center. Of course.~ u/SouperNerd
The people we are dealing with are the WORST type of manipulators and liars.~ u/BitAlien
There is absolutely NO reason why they should not deliver a 2 MB block size at the same time as SegWit.
This is like a dealer saying "hey gimme that $200 now, I just gotta run home and get your weed, I promise I'll be right back".
Barry Silbert's "proposal" is just another bait and switchhttps://np.reddit.com/btc/comments/6btl26/barry_silberts_proposal_is_just_another_bait_and/
Right, so the wording is:~ u/edmundedgar
I agree to immediately support the activation of Segregated Witness and commit to effectuate a block size increase to 2MB within 12 months[Based] on [their] previous performance [in the Hong Kong agreement - which they already broke], they're going to say, "Segregated Witness was a block size increase, to a total of 4MB, so we have delivered our side of the compromise."
Barry is an investor in Blockstream. What else needs to be said?~ u/coinlock
Initially, I liked SegWit. But then I learned SegWit-as-a-SOFT-fork is dangerous (making transactions "anyone-can-spend"??) & centrally planned (1.7MB blocksize??). Instead, Bitcoin Unlimited is simple & safe, with MARKET-BASED BLOCKSIZE. This is why more & more people have decided to REJECT SEGWIT.https://np.reddit.com/btc/comments/5vbofp/initially_i_liked_segwit_but_then_i_learned/
Segwit cannot be rolled back because to non-upgraded clients, ANYONE can spend Segwit txn outputs. If Segwit is rolled back, all funds locked in Segwit outputs can be taken by anyone. As more funds gets locked up in segwit outputs, incentive for miners to collude to claim them grows.https://np.reddit.com/btc/comments/5ge1ks/segwit_cannot_be_rolled_back_because_to/
"So, Core wants us to trust miners not to steal Segwit's anyone-can-spends, but will not let them have a say on block size. Weird."~Cornell U Professor and bitcoin researcher Emin Gün Sirer.https://np.reddit.com/btc/comments/60ac4q/so_core_wants_us_to_trust_miners_not_to_steal/
Brock Pierce's BLOCKCHAIN CAPITAL is part-owner of Bitcoin's biggest, private, fiat-funded private dev team (Blockstream) & biggest, private, fiat-funded private mining operation (BitFury). Both are pushing SegWit - with its "centrally planned blocksize" & dangerous "anyone-can-spend kludge".https://np.reddit.com/btc/comments/5sndsz/brock_pierces_blockchain_capital_is_partowner_of/
u/Luke-Jr invented SegWit's dangerous "anyone-can-spend" soft-fork kludge. Now he helped kill Bitcoin trading at Circle. He thinks Bitcoin should only hard-fork TO DEAL WITH QUANTUM COMPUTING. Luke-Jr will continue to kill Bitcoin if we continue to let him. To prosper, BITCOIN MUST IGNORE LUKE-JR.https://np.reddit.com/btc/comments/5h0yf0/ulukejr_invented_segwits_dangerous_anyonecanspend/
"SegWit encumbers Bitcoin with irreversible technical debt. Miners should reject SWSF. SW is the most radical and irresponsible protocol upgrade Bitcoin has faced in its history. The scale of the code changes are far from trivial - nearly every part of the codebase is affected by SW" Jaqen Hash’gharhttps://np.reddit.com/btc/comments/5rdl1j/segwit_encumbers_bitcoin_with_irreversible/
"We had our arms twisted to accept 2MB hardfork + SegWit. We then got a bait and switch 1MB + SegWit with no hardfork, and accounting tricks to make P2SH transactions cheaper (for sidechains and Lightning, which is all Blockstream wants because they can use it to control Bitcoin)." ~ u/URGOVERNMENThttps://np.reddit.com/btc/comments/5ju5r8/we_had_our_arms_twisted_to_accept_2mb_hardfork/
Here is a list (on medium.com) of 13 articles that explain why SegWit would be bad for Bitcoin.https://np.reddit.com/btc/comments/646kmv/here_is_a_list_on_mediumcom_of_13_articles_that/
"Why is Flexible Transactions more future-proof than SegWit?" by u/ThomasZanderhttps://np.reddit.com/btc/comments/5rbv1j/why_is_flexible_transactions_more_futureproof/
Core/Blockstream & their supporters keep saying that "SegWit has been tested". But this is false. Other software used by miners, exchanges, Bitcoin hardware manufacturers, non-Core software developers/companies, and Bitcoin enthusiasts would all need to be rewritten, to be compatible with SegWithttps://np.reddit.com/btc/comments/5dlyz7/coreblockstream_their_supporters_keep_saying_that/
"SegWit [would] bring unnecessary complexity to the bitcoin blockchain. Huge changes it introduces into the client are a veritable minefield of issues, [with] huge changes needed for all wallets, exchanges, remittance, and virtually all bitcoin software that will use it." ~ u/Bitcoinopoly (self.btc)https://np.reddit.com/btc/comments/5jqgpz/segwit_would_bring_unnecessary_complexity_to_the/
3 excellent articles highlighting some of the major problems with SegWit: (1) "Core Segwit – Thinking of upgrading? You need to read this!" by WallStreetTechnologist (2) "SegWit is not great" by Deadalnix (3) "How Software Gets Bloated: From Telephony to Bitcoin" by Emin Gün Sirerhttps://np.reddit.com/btc/comments/5rfh4i/3_excellent_articles_highlighting_some_of_the/
Normal users understand that SegWit-as-a-softfork is dangerous, because it deceives non-upgraded nodes into thinking transactions are valid when actually they're not - turning those nodes into "zombie nodes". Greg Maxwell and Blockstream are jeopardizing Bitcoin - in order to stay in power.https://np.reddit.com/btc/comments/4mnpxx/normal_users_understand_that_segwitasasoftfork_is/
As Benjamin Frankline once said: "Given a choice between Liberty (with a few Bugs), and Slavery (with no Bugs), a Free People will choose Liberty every time." Bitcoin Unlimited is liberty: market-based blocksizes. SegWit is slavery: centrally planned 1.7MB blocksize & "anyone-can-spend" transactionshttps://np.reddit.com/btc/comments/5zievg/as_benjamin_frankline_once_said_given_a_choice/
u/Uptrenda on SegWit: "Core is forcing every Bitcoin startup to abandon their entire code base for a Rube Goldberg machine making their products so slow, inconvenient, and confusing that even if they do manage to 'migrate' to this cluster-fuck of technical debt it will kill their businesses anyway."https://np.reddit.com/btc/comments/5e86fg/uuptrenda_on_segwit_core_is_forcing_every_bitcoin/
Just because something is a "soft fork" doesn't mean it isn't a massive change. SegWit is an alt-coin. It would introduce radical and unpredictable changes in Bitcoin's economic parameters and incentives. Just read this thread. Nobody has any idea how the mainnet will react to SegWit in real life.https://np.reddit.com/btc/comments/5fc1ii/just_because_something_is_a_soft_fork_doesnt_mean/
"They [Core/Blockstream] fear a hard fork will remove them from their dominant position." ... "Hard forks are 'dangerous' because they put the market in charge, and the market might vote against '[the] experts' [at Core/Blockstream]" - ForkiusMaximushttps://np.reddit.com/btc/comments/43h4cq/they_coreblockstream_fear_a_hard_fork_will_remove/
The real reason why Core / Blockstream always favors soft-forks over hard-forks (even though hard-forks are actually safer because hard-forks are explicit) is because soft-forks allow the "incumbent" code to quietly remain incumbent forever (and in this case, the "incumbent" code is Core)https://np.reddit.com/btc/comments/4080mw/the_real_reason_why_core_blockstream_always/
Reminder: Previous posts showing that Blockstream's opposition to hard-forks is dangerous, obstructionist, selfish FUD. As many of us already know, the reason that Blockstream is against hard forks is simple: Hard forks are good for Bitcoin, but bad for the private company Blockstream.https://np.reddit.com/btc/comments/4ttmk3/reminder_previous_posts_showing_that_blockstreams/
Core/Blockstream is living in a fantasy world. In the real world everyone knows (1) our hardware can support 4-8 MB (even with the Great Firewall), and (2) hard forks are cleaner than soft forks. Core/Blockstream refuses to offer either of these things. Other implementations (eg: BU) can offer both.https://np.reddit.com/btc/comments/5ejmin/coreblockstream_is_living_in_a_fantasy_world_in/
If Blockstream were truly "conservative" and wanted to "protect Bitcoin" then they would deploy SegWit AS A HARD FORK. Insisting on deploying SegWit as a soft fork (overly complicated so more dangerous for Bitcoin) exposes that they are LYING about being "conservative" and "protecting Bitcoin".https://np.reddit.com/btc/comments/57zbkp/if_blockstream_were_truly_conservative_and_wanted/
If some bozo dev team proposed what Core/Blockstream is proposing (Let's deploy a malleability fix as a "soft" fork that dangerously overcomplicates the code and breaks non-upgraded nodes so it's de facto HARD! Let's freeze capacity at 1 MB during a capacity crisis!), they'd be ridiculed and ignoredhttps://np.reddit.com/btc/comments/5944j6/if_some_bozo_dev_team_proposed_what/
"Negotiations have failed. BS/Core will never HF - except to fire the miners and create an altcoin. Malleability & quadratic verification time should be fixed - but not via SWSF political/economic trojan horse. CHANGES TO BITCOIN ECONOMICS MUST BE THRU FULL NODE REFERENDUM OF A HF." ~ u/TunaMelthttps://np.reddit.com/btc/comments/5e410j/negotiations_have_failed_bscore_will_never_hf/
The proper terminology for a "hard fork" should be a "FULL NODE REFERENDUM" - an open, transparent EXPLICIT process where everyone has the right to vote FOR or AGAINST an upgrade. The proper terminology for a "soft fork" should be a "SNEAKY TROJAN HORSE" - because IT TAKES AWAY YOUR RIGHT TO VOTE.https://np.reddit.com/btc/comments/5e4e7d/the_proper_terminology_for_a_hard_fork_should_be/
Blockstream is now controlled by the Bilderberg Group - seriously! AXA Strategic Ventures, co-lead investor for Blockstream's $55 million financing round, is the investment arm of French insurance giant AXA Group - whose CEO Henri de Castries has been chairman of the Bilderberg Group since 2012.https://np.reddit.com/btc/comments/47zfzt/blockstream_is_now_controlled_by_the_bilderberg/
If Bitcoin becomes a major currency, then tens of trillions of dollars on the "legacy ledger of fantasy fiat" will evaporate, destroying AXA, whose CEO is head of the Bilderbergers. This is the real reason why AXA bought Blockstream: to artificially suppress Bitcoin volume and price with 1MB blocks.https://np.reddit.com/btc/comments/4r2pw5/if_bitcoin_becomes_a_major_currency_then_tens_of/
Who owns the world? (1) Barclays, (2) AXA, (3) State Street Bank. (Infographic in German - but you can understand it without knowing much German: "Wem gehört die Welt?" = "Who owns the world?") AXA is the #2 company with the most economic poweconnections in the world. And AXA owns Blockstream.https://np.reddit.com/btc/comments/5btu02/who_owns_the_world_1_barclays_2_axa_3_state/
Double standards: The other sub would go ballistic if Unlimited was funded by AXA. But they are just fine when AXA funds BS-core.https://np.reddit.com/btc/comments/62ykv1/double_standards_the_other_sub_would_go_ballistic/
The insurance company with the biggest exposure to the 1.2 quadrillion dollar (ie, 1200 TRILLION dollar) derivatives casino is AXA. Yeah, that AXA, the company whose CEO is head of the Bilderberg Group, and whose "venture capital" arm bought out Bitcoin development by "investing" in Blockstream.https://np.reddit.com/btc/comments/4k1r7v/the_insurance_company_with_the_biggest_exposure/
Bilderberg Group -> AXA Strategic Ventures -> funds Blockstream -> Blockstream Core Devs. (The chairman of Bilderberg is Henri de Castries. The CEO of AXA Henri de Castries.)https://np.reddit.com/btc/comments/576ac9/bilderberg_group_axa_strategic_ventures_funds/
Why is Blockstream CTO Greg Maxwell u/nullc trying to pretend AXA isn't one of the top 5 "companies that control the world"? AXA relies on debt & derivatives to pretend it's not bankrupt. Million-dollar Bitcoin would destroy AXA's phony balance sheet. How much is AXA paying Greg to cripple Bitcoin?https://np.reddit.com/btc/comments/62htv0/why_is_blockstream_cto_greg_maxwell_unullc_trying/
Core/AXA/Blockstream CTO Greg Maxwell, CEO Adam Back, attack dog Luke-Jr and censor Theymos are sabotaging Bitcoin - but they lack the social skills to even feel guilty for this. Anyone who attempts to overrule the market and limit or hard-code Bitcoin's blocksize must be rejected by the community.https://np.reddit.com/btc/comments/689y1e/coreaxablockstream_cto_greg_maxwell_ceo_adam_back/
"I'm angry about AXA scraping some counterfeit money out of their fraudulent empire to pay autistic lunatics millions of dollars to stall the biggest sociotechnological phenomenon since the internet and then blame me and people like me for being upset about it." ~ u/dresden_khttps://np.reddit.com/btc/comments/5xjkof/im_angry_about_axa_scraping_some_counterfeit/
Greg Maxwell used to have intelligent, nuanced opinions about "max blocksize", until he started getting paid by AXA, whose CEO is head of the Bilderberg Group - the legacy financial elite which Bitcoin aims to disintermediate. Greg always refuses to address this massive conflict of interest. Why?https://np.reddit.com/btc/comments/4mlo0z/greg_maxwell_used_to_have_intelligent_nuanced/
This trader's price & volume graph / model predicted that we should be over $10,000 USD/BTC by now. The model broke in late 2014 - when AXA-funded Blockstream was founded, and started spreading propaganda and crippleware, centrally imposing artificially tiny blocksize to suppress the volume & price.https://np.reddit.com/btc/comments/5obe2m/this_traders_price_volume_graph_model_predicted/
Just as a reminder: The main funder of Blockstream is Henri de Castries, chairman of French insurance company AXA, and chairman of the Bilderberg Group!https://np.reddit.com/btc/comments/5uw6cc/just_as_a_reminder_the_main_funder_of_blockstream/
AXA/Blockstream are suppressing Bitcoin price at 1000 bits = 1 USD. If 1 bit = 1 USD, then Bitcoin's market cap would be 15 trillion USD - close to the 82 trillion USD of "money" in the world. With Bitcoin Unlimited, we can get to 1 bit = 1 USD on-chain with 32MB blocksize ("Million-Dollar Bitcoin")https://np.reddit.com/btc/comments/5u72va/axablockstream_are_suppressing_bitcoin_price_at/
Bitcoin can go to 10,000 USD with 4 MB blocks, so it will go to 10,000 USD with 4 MB blocks. All the censorship & shilling on r\bitcoin & fantasy fiat from AXA can't stop that. BitcoinCORE might STALL at 1,000 USD and 1 MB blocks, but BITCOIN will SCALE to 10,000 USD and 4 MB blocks - and beyondhttps://np.reddit.com/btc/comments/5jgkxv/bitcoin_can_go_to_10000_usd_with_4_mb_blocks_so/
Bitcoin Original: Reinstate Satoshi's original 32MB max blocksize. If actual blocks grow 54% per year (and price grows 1.542 = 2.37x per year - Metcalfe's Law), then in 8 years we'd have 32MB blocks, 100 txns/sec, 1 BTC = 1 million USD - 100% on-chain P2P cash, without SegWit/Lightning or Unlimitedhttps://np.reddit.com/btc/comments/5uljaf/bitcoin_original_reinstate_satoshis_original_32mb/
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