Topic: Coinbase Tests Bitcoin XT, Gets Removed From Bitcoin.org (Read 1191 times)

This news is really impacting coinbase's reputation in bitcoin community. But IMO they are just testing it. If they further implement it, they will kill themself since the xt is losing majority's suports and xt network is only clone. They should know the risk.

PS... just what kind of company do you have, that you are "working on an agreement with them to get our transactions confirmed quickly when we open up in the near future".  What kind of volume?  What size transactions?  How quickly do you need?  

I do not understand exactly what your concern is.  Coinbase is the most diversely functional Exchange on the planet.  What is "THIS may have"?

Then you agree that the Blockstream Vision is crap?

I am assuming this because of your statement that services like Coinbase won't be needed.   Because if Blockstream has its way - that is really all there will be.....  Fiat Banks running Sidechains, and the main blockstream limited to the point that you cannot spend your money directly on chain (well, not freely like cash easily).

Because that is what the Blockstream Vision is.... Sidechains for Banks.  And you will be forcd to provide full details on your life, accounts, everything.  They will be linked into the various Government Tax Programs, reporting transactions etc.

The Blockchain Vision is MORE Centralizing that the XT Plan (which I don't like in its current form either - but only because it is overly ambitious, overly rapid in a way that doesn't create an incentive for slower intelligent buildout).  

Anyway, think of it this way.... Blockchain wants to BE the new Fiat VISA.  They also want to be the New Federal Reserve System, and the New Inetrantional Monetary Fund.  They decide all the macro economic decisions as to how the currency works, they design the blueprints that run all the transactions.  I realize it is Open Source but they also have the jump on Industry.  They not only want the biggest piece of the pie, they want to dictate exactly what kind of pie can be baked.

If you don't like Coinbase, then you can't possibly like Blockstream's solution.   The difference with the Coinbase/XT solution is that Yes, their model is supported, but also Blockstream's Lightning is, and buying coffee.  Blockstream is just arrogant.

My question is, what will happen with coinbase in the future when it comes to them processing transactions?  Our company is working on an agreement with them to get our transactions confirmed quickly when we open up in the near future and I am afraid this may have some interference with that.  What do you think about this concern?

Coinbase is a joke, I hope in the future we don't need services like this, they should be free to test Bitcoin XT tho, even if Bitcoin XT is a direct attack against Bitcoin since people supporting it either dont understand it or have an interest in centralizing its nodes.

I was thinking about something that has me bothered about this.....

It was a comment from one of the Blockstream Players about "How Much They've Done".   It was sort of a justification for their self-serving hijaak of Core-Dev.

I just can't let it go.... this is starting to sicken me.   There are so many that have put so much time, effort and money into Bitcoin Development, and these Blockstream jerks act like they are the only people working and contributing.   Coinbase specifically has been at the forefront of working with the U.S. Regulatory environment.   If it wasn't for them and some others, Bitcoin might even be illegal now.   As an exchange they have been incredibly cutting edge, good at marketing the product, comig up with incentive programs, innovative in attempting to attract new users, and just recently they've integrated the 1st U.S. Debit Card linked directly to their Coinbase Wallets.

They are already DOING what Blockstream/Lightening only aspires to.......

They are converting people to Bitcoin, and actually integrating it as a useable and functional currency into the global economic engine.  It is getting DISGUSTING how arrogant and self serving these Blockstream hijaaker/terrorists are.

FORK YOU BLOCKSTREAM!

* ps... I still wish Lightening well  

My XT clients connect to the same peers as yours and I see no altcoin suport on XT clients


Everyone around here has been a long time Core supporter and even the most die hard big block supporters are still Core supporters

Didn't know that. Thought Coinbase was just removed from bitcoin.org
But you're right I've checked it.No Coinbase web wallet listed anymore.
This site belongs to Roger Ver as far as I know.

Well it is not bad if they get prepared for that, even though it would not likely work. Who knows, it's like betting at 0.01% odds, but better prepared and safe than sorry, perhaps they thought that.

Bitcoin.org devs and owners are long-time supporters of Bitcoin-Core, so it's very expectable for them do so, and they have every right to. But then again they obviously over-reacted, Coinbase says it's for "testing purposes" (even though they wouldn't have gone public with it if it was so, who knows..), but I just hope this doesn't cause the gap between XT and Core to be more noticeable, the blockchain, and the community as a whole would suffer too much.

I see no other altcoins listed on Bitcoin.org, so it's consistent.

Don't you just love the freedom and democracy of the bitcoin system?

Everybody gets a vote.  Just don't vote against any Blockstream solution, or you will have your business removed from channels, and you will be shunned, and we will label you as the "Centralized" Opposition.

HA!  So much for a free bitcoin society. 

Meet The Blockchain Players ::: the future Fiat of Bitcoin

They are in the bank list now.

This is an aggressive move from Coinbase and actually says:

We don't care about the Majority, we don't care about discussion, Fuck you all.
The centralization is dripping of it...

I suggest you take it up with the Blockstream Players.  They are after all the New Fiat Governors of Bitcoin.  If they like your idea, then they can enforce it.  They can shut down discussion of anything they don't like, and they can shut down any technology paths that compete wit their business model.  They are obviously more and more willing to blatantly wield their newfound, ironfisted authority openly and without fear of consequence.... so you really should take this idea up with them.  It is after all the sort of stupid, moronic, freedom-killing, competition-choking, small-minded idea they might like.

If it were me, I'd remove the webwallets section completely.  Anything that doesn't promote taking responsibility for your own private keys should be actively discouraged, particularly for new users.  Whether the webwallet in question uses XT or not is of little significance to me.

A pathetic move but at least it's consistent. That Github thread makes for some rather saddening reading. Are they all going to remove themselves from the scene if it forks off in a direction they don't like?

I noticed now that coinbase is removed from "All web wallets" in bitcoin.com website.

Does anybody know who runs this site? I noticed that blockchain.info wallet is back after a long time?

Don't know why they removed for something that they experimented with Bitcoin XT, what should coinbase do now to get back on the website

Bitcoin.org took blockchain.info off their recommened wallets too, that was a long time ago though.

I think that was more a security concern though.