RE: r/bitcoin has gone full North Corea
So you're saying Roger has been stalling the blocksize increased through segwit when he's been pleading for years to increase it?
I don't know anything about ASICBOOST.
So there is no incentive to keep the blocksize small on purpose so they can implement segwit and have transactions go through their sidechains which they then control. The people have just to trust them that with the patents they won't turn Bitcoin into the second paypal? To trust these users who are constantly silencing people concerned about their true incentive and have been doing so for years on the most used subreddits and forum?
I have made it very clear that what I am writing is speculation and mentioned many times that I may not know everything involved in the matter since I stopped caring about it because of this censorship years ago. I am not trying to teach anyone anything than to be vary of what they read on centralized sources which I myself am getting this information from.
All people got a piece of both coins and the ones I warned not to dump them immediately have been thanking me cause to them it seemed ridiculous that the hardfork even happened and many of them read r/bitcoin which went on about how BCH will die within a week.
Of course the censorship and hivemind can go both ways and I've also made that clear. I guess in the end the market will decide if they want a controlled Bitcoin with transactions going through another layer or what Bitcoin truly stood for in the beginning, except that this time around we will have the history of this discussion saved on the blockchain where no one can delete it or change it.
No central entity control sidechains, they are just a mathematical concept. Also no specific entity makes money from lightning networks.
How can you not know about ASICBOOST? its one of the main reason we are in this mess. Bitmain is not only in control of a large % of the hashing power they are cheating using ASICBOOST which they patented and implemented giving them a 15% efficiency gain equal to a 50% increase in profit over everyone else. The drawback is that they have to mess with what transaction they are including in blocks and not compatible with segwit optimization.
You should understand that none of the other altcoin have these political debates because nobody cares about them as much. I wish there was a viable alternative to Bitcoin as a viable reserve currency / reference unit of account but sadly I see none. Once we are past that mining centralisation phase bitcoin supremacy will be much harder to challenge.
Bitcoins fight is not againt other cryptos so much than it is againt TPTB, banks and governments.
@transisto You are absolutely right about this.
However, the only other alternative I consider (which is still inferior to Bitcoin) is XRP. I am as far anti-government as one can potentially be, but we have to be realistic and see the world for what it is. Banks are not going to go away tomorrow, neither are governments. It will be a long transition with many interesting and challenging years ahead.
Ultimately, I believe that Bitcoin will change the world for the better.
We have to be incredibly careful to prevent any centralization of its network. Therefore, the political discussion of the blockchain of steemit are extremely important. It's good that you brought this information forward and made it availalbe to the steemit community.
I was aware of the manipulation by Bitmain, but never heard of the ASICBOOST patent. I just thought it was something they did, I was not aware that there were legal patents in place to prevent litigation or adoption to address this problem.
So a problem that wouldn't exist with bigger blocks? :D
That is indeed sad for you.
Bam!
Lets see for how long that remains true.