Topic: Banks have bought the Core Team - page 6. (Read 5088 times)

https://www.reddit.com/r/btc/comments/5aktik/segwit_and_anyone_can_spend_questions/

In any case, the correct remark in that thread is that rolling back a soft fork, is a hard fork.

In the same way that imposing a 1 MB block limit was a soft fork, to UNDO it, you need a hard fork.

So, if you do a hard fork to roll back, you have to correct for that "anyone can spend" trick to introduce new stuff that the old nodes don't understand, but will accept as valid.

One thing in which I fully believe is that if the banks wanted us to become irrelevant, it really wouldn't take much for them to lobby some money into some state legislators or congress itself to have new regulations passed to completely fuck Bitcoin. It's something that probably wouldn't even take much to go ahead and do, it's sad but it's how our government works as a whole.

I think they've probably tried, but not to a full extent yet as they don't think we're much of an issue at the moment.

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.
Reference:  https://www.reddit.com/r/btc/comments/5vbofp/initially_i_liked_segwit_but_then_i_learned/

 

Can you explain why codes can't be removed? That's unusual.

Lack of Logic is your problem.

BTU keeps control of the coin with the miners, where it was anyway by satoshi's original design.
Which is why they are patiently waiting for consensus.

BTC core is threatening to replace the PoW algo,  threatening with UASF, constantly claiming BTC can't increase blocksize or blockspeed.
LTC has a 4X faster block speed.  Moving BTC blockspeed to 5 minutes would be a minor change, which would double transaction capacity.
ie: BTC core is LYING!

If you are unable to use Logic to piece the facts together , you will be easy prey to Liars like G.Maxwell.


 

FYI:

Observations
Litecoin and other Altcoins can be observed running at faster BlockSpeeds with no issues.
BTC Core claims that BTC is unable to move to the faster blockspeeds.

Facts
Litecoin & Altcoins moving at these faster blockspeeds, all derived from BTC code originally.
Therefore it becomes apparent BTC Core is Lying!

If that is not now clear to you , you're not that bright.  

I don't know. As far as banks are concerned,  bitcoin is a lost cause. Too hard to influence it's policy, and bitcoin isnver anti bank. So.much easier to make a.consortium with a new, malleable coin  (ETH cough ETH) then to pay the dues it would take to corrupt such an old, established coin.

Core is controlled by Blockstream which is funded by AXA, which is tied to Bilderberg. 

Even if you don't believe the conspiracy, it should be clear Blockstream seeks to profit from Bitcoin at the expense of the users.  This is why they are blocking on chain scaling. 

The pathetic thing is you come up with this without a shred of evidence. Just prejudice.

Obviously BU has been bought by banks. See how easy it is? Anyone can say anything, but without evidence the claim is garbage.

Lets take your comments, one at a time shall we.  

No one is forced to use LN (right?). You can do more onchain transactions with Segwit than you can today.

Wrong,
Activating Segwit means it is forever ingrained in the Blockchain , it can never be removed.
Onchain transactions can be increased by simply increasing blocksize or moving to a faster blockspeed, without corrupting the blockchain.
Example, blocksize could be decreased or blockspeed could be returned to original specs with a simple hard fork.
Segwit if ever activated can never be removed.

https://www.reddit.com/r/btc/comments/5vbofp/initially_i_liked_segwit_but_then_i_learned/



So even if what you say was true (LN=banks fractional reserver shit) it hurts no one.

In this comment you show how naive you are,
Allowing others to create wealth out of thin air and you accepting that falsehoods makes you their slave, as they can create endless wealth, and you obey their commands trying to attain it.   If you truly feel the corrupt banking system is ok, you should stick with fiat.



Asicboost on the other hand, would hand over BTC to just one Chinese entity on the planet...much worse.

Chinese have over ~68% control of the ASICS, asic boost working or nonworking will not decrease that % at all.


I like extension blocks best to be honest; Segwit is risky due to the all the extra code and vulnerability but so is BU.

Extension blocks may be a valuable improvement in the future, but it will take time to study the benefits & dangers adding them would pose.
BTU is a simple blocksize increase, that requires agreement among the miners to reach consensus on the size.
It cuts out the years wasted , while people argue back and for what should be done.
Look at all of the time wasted, because btc core was stupid and made segwit a soft fork,
hard fork would have already been approved or denied, instead of wasting our time.

 

I hope Buterin mutates you into a bug using Google's system.  You might think about wearing one as well. 

faggot

considering how bitcoin poses an existential threat to the world's fiat money it would be HARD to believe "they" haven't tried to co-opt bitcoin somehow.

but i dont think ( however it is possible i guess ) that they tried to do what op suggests.

Instead they tried to dev there own "private blockchains"  in an attempt to eventually make bitcoin irrelevant. they failed. they missed the point.

"private permissioned blockchains"  Bahahaha, this has got to be the worlds most epic techno fail. they POURED MILLIONS into "private permissioned blockchains" i can't even! LOL!

we'll be fine.

I never took it off haha

Core's goal has to be stall onchain scaling as much as possible.  Segwit offers only a modest increase in transaction capacity while
actually making transactions more complicated and likely taking more capacity... and years later than most have wanted it.

By artificially restricting on chain capacity, Blockstream hopes to price ordinary users off the main chain and force them to use their
LN solution.

It is better to simply increase the blocksize but Core has done everything possible to stop that.

Gentlemen, please don your tinfoil hats!

I do not understand. Segwit makes blocks larger and more efficient.

No one is forced to use LN (right?). You can do more onchain transactions with Segwit than you can today.

So even if what you say was true (LN=banks fractional reserver shit) it hurts no one.

Asicboost on the other hand, would hand over BTC to just one Chinese entity on the planet...much worse. 

I like extension blocks best to be honest; Segwit is risky due to the all the extra code and vulnerability but so is BU.

Satoshi Nakamoto quote:

"on: December 11, 2010, 11:39:16 PM"" 'It would have been nice to get this attention in any other context. WikiLeaks has kicked the hornet's nest, and the swarm is headed towards us.'

Current Core Devs are compromised.

Banks/Goverments thought about a way to stop Bitcoin, but Bitcoin can't be stopped not even compromising the "Dev Team" so they saw this block size debate and they saw the perfect opportunity to do it: if bitcoin can't be stopped: lets transform it into another of us.

Nothing with the same specifications as money created by Banks or Paypal alike institutions can compete with them, because they are and will be the best on their space, so converting Bitcoin into another one means anihilating it or stopping its rise, only a superior technology can kill them.


Segwit is created

Segwit plans to launch an off-chain network AKA fractional reserve system.

A lighting network AKA paypal scheme.

A high fees for on chain txs AKA bank wires fees.


And the above mentioned is the worst option this secret organism has in play; their best option is their 95% approval consensus that will never happen since 25% of miners don't even care about consensus, do you really believe segwit was really made to been approved? wake up!

Any lock or deletion of this topic is clear evidence of current Bitcoin sabotage by the well known secret entities.