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This was in February last year. There is no hardfork proposal in sight from the people who agreed to this pact and bitcoin is still stuck with the exact same transaction limit it has had since the limit was put in place about 6 years ago. Gavin has also been publicly smeared by the developers at Blockstream and a plot was made against him to have him removed from the development team. Gavin has now been, for all intents and purposes, expelled from bitcoin development. This has meant that all control of bitcoin development is in the hands of the developers working at Blockstream.
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There is a new proposal that offers a market-based approach to scaling bitcoin. This essentially lets the market decide. Of course, as usual, there has been attacks against it, and verbal attacks from the employees of Blockstream. This has the biggest chance of gaining wide support and solving the problem for good. To give you an idea of Blockstream; It has hired most of the main and active bitcoin developers and is now synonymous with the "Core" bitcoin development team.
They have started implementing an entirely new economic system for bitcoin against the will of its users and have blocked any and all attempts to scaling the network in line with the original vision. Although this comment is ridiculously long, it really only covers the tip of the iceberg. You could write a book on the last two years of bitcoin. The things that have been going on have been mind-blowing. The users that the video talks about have very very large numbers of downvotes mostly due to them having a very very high chance of being astroturfers.
Around about the same time last year when Blockstream came active on the scene, every single bitcoin troll disappeared, and I mean literally every single one. In the years before that, there were a large number of active anti-bitcoin trolls. But suddenly last year they all disappeared. Instead, a new type of bitcoin user appeared. Someone who said they were fully in support of bitcoin but they just so happened to support every single thing Blockstream and its employees said and did. They had the exact same tone as the trolls who had disappeared. Their way of talking to people was aggressive, they'd call people names, they had a relatively poor understanding of how bitcoin fundamentally worked.
They were extremely argumentative. These users are the majority of the list of that video. They spend their time constantly causing as much drama as possible. These people are astroturfers. What someone somewhere worked out, is that all you have to do to take down a community is say that you are on their side.
It is an astoundingly effective form of psychological attack. Such a thing could never happen today. Maybe this is a good thing. Let those who have true understanding be able to predict the market; let the money and the power flow to them. Talk is cheap, but to understand is golden in bitcoin. Oh yeah, we have this magic internet money and it just skyrocketed in value.
Thanks very much for posting his. I consider myself a small blocker, but have been around a long time, and much of what you say; with regards to theymos, gavin, the mass and sudden disappearance of trolls Thank you for posting this fantastic write out about my evil twins repulsive, community destroying, and bitcoin damaging behavior. Thank you for this thorough synopsis. Memes get upvoted, in-depth discussion or factual criticism of Bitcoin Cash gets downvoted. I find this very sad, as I have a lot of hope for Bitcoin Cash.
Why do you have hope for Bitcoin Cash? Until the comment above, I thought it was just a misguided attempt to fork Bitcoin. Please please please relist the sources as archive links. How to use What is Bitcoin Cash? No worries. I am working on a second part to it at the moment. A lot has happened since I wrote this.
I should add that I wrote that history above a while ago and even more shit has happened since then. So much has happened that it is actually difficult to document. This is part of the reason this shit has been so successful. It's only obvious if you were present during all of it. You might not realize it. But this could likely be the most important thing you do in your life. It'll change the world for the better. Go for it!
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Well written article. Several sentence structure issues, but good information. Do you need an editor for a Medium article? Happy to help. The things that have been going on have been mind blowing. But, there is no context. I don't, and it didn't. I wrote this a while ago in a different thread. That's why some of it is out of context.
I am writing up a better version that encompasses a lot more and has all the context required. Please write more. Much much more if you have time.
Informative BTC vs BCH Articles? : u/worthlessTbill
I've been in the crypto space for four years now and knew something didn't quite feel right. This writeup definitely put loose thoughts and lingering doubts into place for me.
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I am trying to do a better write up right now. Probably going to take me a bit to do it properly though. Some additional context ; that thread was locked by theymos's henchman Badbear in August because of discussion of big block scaling and the birth of BU. Look at how long it had been running, since March , August , if you count its predecessor thread. Look at the number of views and responses. It was very popular but shutdown because it's politics specifically and only on big blocks didn't match up with the mods.
Selected posts have also been deleted throughout the thread after it was locked. I see a political standoff approaching, soon, where those secretly invested in sidechains seek to limit block size. I've been here for the whole thing. You could have talked about Gavin stepping down as lead dev and how selfless that was and left out Greg Maxwell, captain of the dragon's den trolls. I only wish I could have covered more. A lot more has happened, and I have spent far too much time on reddit.
I have never been so scared for humanity's future after witnessing all of this. It frightens the shit out of me how easily it was to co-opt a project from the inside. I would guess there are not more than about paid shills who cover reddit, twitter and bitcointalk. But they have managed to enlist many more by manipulation. They have all since been kicked out. As a pretty avid researcher, you hit it right on the nose.
I been in bitcoin for a year and I've avoided this topic assuming it would work itself out. Then with the whole operation Dragon slayer thing I decided I needed to do more research to understand the full issue on what is going on. I like to pick things apart and analyse them, find the vulnerabilities in them. I've found that hard to do and a friend actually referred me to this post bc I am trying to understand the whole thing.
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But you hit it right on the nose. I've been completely and utterly confused. It's amazing how deep it all goes. The next battle begins as Bitcoin cash needs to fight to win. I read all of your comments and to say this is mind blowing is underrated. I've recently started reading Nathaniel Popper's Digital Gold and the way he details bitcoin's history is just as fascinating.
I try not to get too emotionally attached to this so from a neutral 's standpoint saucy drama and political stuff like this makes me get out the popcorn.