Author

Topic: (Explain Like I'm Five) What Did "THE SUITS" Agree To Do? (Read 369 times)

legendary
Activity: 978
Merit: 1001
Have an ice cream because 5 year olds wouldn't understand.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
Hi, I spend some time here, but not nearly as much as I would like; Please help explain what actually happened:
1) There was a meeting (invite only?) and "elite BTC players" agreed to do what?

1a) Is a hard fork being forced at a certain date? What date?
1b) The hard fork could be called a "brutal take-over" of Bitcoin, "Yes" or "No"?
1c) Is Bitcoin Dev partially or completely controlled by Blockstream?
1d) Blockstream has easy to find ties to the Global Elite*, "Yes" or "No"?
*and/or major investors who graduated from elite universities?

2) (Explain Like I'm Five) What Did "THE SUITS" Agree To Do?
Thanks...


They agreed to this: https://medium.com/@DCGco/bitcoin-scaling-agreement-at-consensus-2017-133521fe9a77
But its not giving much detail, so its been interpreted by different people.  Currently a team lead by Jeff Garzik is coding a solution.

Blockstream currently, or at some point employs or contracts with prominent core developers Gregory Maxwell (also author of the core roadmap),
Pieter Wuille (creator of SegWit), Luke-Jr, Jorge Timón, Patrick Strateman, Mark Friedenbach, Matt Corallo, and Rusty Russell.  

One of Blockstream's investor is AXA, one of the largest companies in the world.  It's CEO is Henri de Castries, also head of the Bilderburg group.
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
Hi, I spend some time here, but not nearly as much as I would like; Please help explain what actually happened:
1) There was a meeting (invite only?) and "elite BTC players" agreed to do what?

1a) Is a hard fork being forced at a certain date? What date?
1b) The hard fork could be called a "brutal take-over" of Bitcoin, "Yes" or "No"?
1c) Is Bitcoin Dev partially or completely controlled by Blockstream?
1d) Blockstream has easy to find ties to the Global Elite*, "Yes" or "No"?
*and/or major investors who graduated from elite universities?

2) (Explain Like I'm Five) What Did "THE SUITS" Agree To Do?
Thanks...
Jump to: