Topic: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) - page 100. (Read 378996 times)

It's open source, you blockstream shill.

Look at the XT shills defending him there. Maybe he was just going to lunch with his uncle or friend.    I'm expecting similar idiotic excuses here as well. However, they can't downvote your post here. This is fishy behavior at best. Peter troll presenting papers and Hearn trying to become the CEO of Bitcoin; what a time to live in.

Why did Mike Hearn meet with the banks today? (self.Bitcoin) submitted 3 hours ago by xt_throwaway

Today, Mike was spotted attending a meeting in Shoreditch, London with 4 high level executives from the top banks in the UK. I have always found Mike's approach to Bitcoin core to be more than a little dictatorial and, while he is free to meet whomever he chooses, the lack of transparency and his general hubris and gungho 'my way or the highway' attitude to development has been bothering me for a long time.
Reaching consensus is frustrating, but it's not supposed to be easy when no one voice gets to shout loudest... And if those voices can't agree, the solution is to build a better consensus model that casts a wider net of opinions, not shrink the powerbase down to even fewer people.
Right now, coinbase are securing blockchain related patents and, in tandem, pushing hard for XT adoption... Those two factors alone should ring alarm bells.

I can't help but join the dots and consider the unsettling notion of a possible future scenario that sees there being only one 'legal' blockchain (XT) and development orchestrated by a straight-jacketed corporate dev team as opposed to freedom loving hackers.
The end result would be a blockchain that is heavily monitored, regulated and controlled by the same elitists that maintain the current system, levying the same kind of restrictions in trade and capital flow as we have right now.
With central banks moving towards banning physical cash, once can certainly see how the above scenario might usher in a very dark future indeed. Imagine Blockchain and financial privacy for 'them' whilst the majority of the population find themselves subjected to the most robust financial surveillance dragnet ever conceived of.

Hi-jacking the core development (and consensus model) of bitcoin would be the only way Dimon and his ilk could achieve their objectives of a fully regulated blockchain, especially if miners are forced at a later date to adopt only the 'legal' chain.
XT, alongside Coinbase with their 51 MTM licences, a pocketful of patents, and former Goldman Sachs exec. as founder, are poised to perform such a coup with Hearn right there at the helm.
And that's exactly what happens when men, drunk on power, think they know better than the crowd.

Who gets to decide the winner?

Government officials (in general) aren't against the nerds move to a decentralised world without banks, but it is clear the 0.1% with vested interests in maintaining the status quo won't go down without a fight (just see JP Morgan's attempts to patent blockchain tech).
But governments are not in charge of this revolution: this is a battle between true freedom-loving nerds and the money lenders of the old world. Government will side with whoever wins this last phase.

A call to arms

Instead of 'forking' this bitcoin reddit and trying to gain exposure for AMA's on a substandard forum with zero community, Roger Ver and others (who are supposedly invested in the idea of bitcoin because of its long term potential benefits for market freedom and propensity to end war and poverty) would do well to consider investing their time, money and energy into helping core devs build a robust consensus based platform that's available to the entire bitcoin ecosystem, and entering to clear dialogue on here so that we may get consensus on bitcoin core.
We all require patience at this stage, rushing into supporting XT over core at the expense of consensus and transparency in decision making, simply because it will solve short term scaling problems, is akin to opening pandora's box.
It's incumbent on all of us to get involved.

It's clear now XT is destiend to disappear and the fork will not happen, thank god. It's also clear tho that alot of people want a bigger blocksize, but not arbitrary increases of the blocksize which all it does is exposing the network to all kind of attacks and things we don't even know because we would be in unknown territory. Yes for blocksize increase and yes for scaling up Bitcoin globally to beat VISA etc, but do it with common sense.