/biz/ - Business & Finance

The Bitocin Core team, who Satoshi Nakomoto "handed" the project over to are now being seen as malicious actors. They want to cap the block-size limit at 1 MB per block. Meaning 1MB worth of transaction data can fit into 1 block every 10 minutes. Bitcoin's price scales according to Moore's Law: an exponential increase based on the userbase. Blockstream has been secretly paying Bitcoin Core developers to support and advocate for Segwit as the scaling solution, when another solution called FlexTrans exists, is free and is much better. Gavin Andresen also created something called Bitcoin XT or some shit way back and the owner of the 3 main bitcoin comm channels, Theymos, censored and banned discussion of his solution. Blockstream, heavily associated with bit fiat-winners, are suppressing Bitcoin's price through a software upgrade that has actually passed. Right before the upgrade, Roger Ver and chinese miners forked the chain and created an alternate Bitcoin called Bitcoin Cash, they upped the blocksize limit to 8 MB (Satoshi originally planned 32 MB implied by his first signed message, but TEMPORARILY capped it at 1MB due to spam attacks early on.) Now Bitcoin is seeing more users, and Segwit has been activated as a solution to the clogging of transactions on the Blockchain. Also, segwit only increases BTC scalability by like… .7 MB, which is 1 transaction per second more than what it was for the last 8 years lmao.

>>3291204
TLDR
>2 Bitcoins
>Original Bitcoin coopted by kikes via Segwit
>Blockstream created Segwit as a way to cap Bitcoin's growth, steal the use-case it has created for itself IRL, and pretend everything is A-OK.
>Bitcoin Core will now implement the Lightning Network on Bitcoin, essentially making it a payment network where off-chain transactions happen via Segwit and LN.
>Bitcoin Core and Blockstream want to be the Visa of Bitcoin
>Blockstream has patents on Segwit they (((promise))) to only use in (((defensive))) situations
>This means they have now taken over BTC, as their patents are on Segwit and Segwit is irreversible on the Blockchain
>BCH (Bitcoin Cash fork) is being censored an ALL communication channels for Bitcoin, now INCLUDING 4chan. This wasn't a problem until recently.
>(((Bitcoin Advocates))) stating that increasing the blocksize will cause centralization, meanwhile they have supported Segwit, which literally makes it so that off-chain, unprotected transactions are a thing, and now people can accrue as much debt as they're allowed to via Bitcoin, meaning it can be overtraded.

THEY'RE SUPPRESSING BITCOIN BECAUSE IF BITCOIN WINS, THEY LOSE. They have created an active roadblock to ensure their survival at the top for a little longer.

>>3290712
>>3291204
back to r/btc

TL:DR

>Bcash buy my bags the thread

>>3291220
>>3291269

>>3291276
okok

>>3290712
FFS. lol. Andreas literally wrote the book on Bitcoin. Roger, go home, you're drunk. BCH is over. Stop wasting your money trying to pump it.

>>3290712
saged

In other words, more reason to dump shitcoin crash. I guess Nick Szabo is "compromised" too?

It's hilarious how you pajeets are awkwardly trying to co-opt /pol/ tactics to push your fud.

Blockstream jews? Try actual fucking Bitmain chink monopoly threat. Blockstream is a literally who company, yet you downplay a patent grabbing, vertically integrated, cartelized puppet of the chinese communist party.

I hope people here can see through the constant fud and the pajeets "fellow kids" tactics.

>>3290712