Topic: Greg Maxwell is now the owner of Bitcoin. That's all. - page 3. (Read 5080 times)

I did not understand why it is so bad. Well, first of all I don't have an idea who is Greg Maxwell. I would like to hear all the story. So, if anyone has a link or a video, please, post the link. Thanks in advance.

before blindly hailing core as your god.
realise this.. the statement i quoted of you is actually something core is doing.
again "bigblocks"  4mb vs 2mb  which is bigger.

secondly you think people are against core should automatically be deemed wanting another team to dominate.
to me this is you revealing that you understand that bitcoin is already controlled by dev's. meaning your ok with that, as long as its core

your unending desire to want core to dominate continues to prove you want big blocks of spam that cant be validated and where decisions are controlled by a single small team and a flock of 90 spellcheckers.


the hypocracy of core fanboys is so loud that i think they put their fingers in their own ears and n longer want to hear anything else

Even getting some kind of patent won't help taking over bitcoin. it's distributed p2p network...

well yeah it is centralized though the bitcoin as a currency is decentralized, i think that it is still ok enough because of that

Nope.  I want bigger blocks and I choose my own opinion freely.


So, if I understand you correctly, wanting to increase the blocksize is a powergrab, but Blockstream
accepting millions in venture capital to develop offchain scaling while employing the most prominent
core developers is not? 

Claiming a blocksize increase will lead to centralization is a dubious argument and nobody is talking
about "clones".  That isn't even the argument being made by the small-blockers.
But, good job squeezing in as much hyperbole in one paragraph as possible.


It's not about decentralization.  That was an argument from 2 years ago. 
Greg doesn't like to talk much to the public but his latest arguments
seem to be around fee based security (which we won't have to worry about
for decades).  Try to keep up.


Seems like he made great contributions in the past, but I don't agree with the direction
he wants to take bitcoin.



Who said it should be scaled EXCLUSIVELY by increasing blocksize?  Yet Blockstream is on the other extreme.


This is your opinion. 

Mine:

People already know the truth about blockstream but the miners have for now chosen to
value risk avoidance over everything else.  I'm not saying they're wrong for their values,
but many people know about the clear conflict of interest Blockstream has and do not
agree with core's direction.  The blocksize should not be a part of the protocol rules.

There are many people who have bitcoin right now and it will growing up in my prediction, (include me) even if just 0.001 BTC and bitcoin is for every people and not one people or one country.

see Bitcoin is owned by the whole community involved in it and not a  single person. on what aspects, he has come to this conclusion? please stop posting like this bull shit

So that means he will be going to control bitcoin ? If that Greg is now actually and truly the owner of bitcoin he has the power to do anything he want such as making it as a centralized . To make it as centralized i guess it would become our nightmare i couldn't even imagine what would be the effect if ever that thing would happen.

More desperate FUD from a well known XT/ClassicCoin shill. The grab for power by Hearn, Andresen and their gov' bootlicking gang has failed. I suggest you get used to it. Nobody wants a spam-transaction ridden, centralized bigblock Bitcoin-clone.

Core team has done a great job in finding an intelligent way to allow Bitcoin to scale without compromising decentralization. Greg Maxwell is a highly valuable contributor to the project. The attacks on his personality are unwarranted and motivated by pure envy. The road map for Core is exactly right: Trying to scale Bitcoin by exclusively increasing the blocksize is inefficient and dangerous.

The constant smear campaigning of XT/ClassicCoin shills is leading nowhere, because intelligent people quickly discover the truth.

ya.ya.yo!

Development of Bitcoin is now centralized in core/blockstream/Greg and they want to do as little on chain scaling as possible.

Sad.

Very depth information of basic concept of Blockchain fundamentals. Many of contracts are being used by various teams to connect nodes for open ledger to make it public. But still have some networks providing same services with centralized platforms.

owning bitcoin is a term to cause misunderstanding because some think bitcoin is the brand, OR bitcoin is the currency unit OR bitcoin is the network, OR bitcoin is the chain data connected to satoshis genesis block.

so
EG the BRANDNAME, was already copyrighted years ago
EG the CODE, though many teams open their code to open licence(MIT) those teams then slag off anyone who uses the code, from outside the 'team'. so although open, be prepared to be slagged off unless your willing to re-write the code from the start to follow the rules. or join the main team.
EG the CURRENCY, as long as people dont hand out their private keys, no one can own your coins on your private key
EG the CONSENSUS, is slowly being diluted down so that nodes are no longer part of voting, (softforks dont need majority nodes to vote)
EG the LEDGER, is slowly being diluted down, by fear mongers other implementations to gain one dominant implementation. which then wants other nodes to not validate and also be pruned.

decentralized:
imagine that we had 6000 nodes split up as 500 nodes per different 'team'
imagine that we had 6000 nodes where all nodes had the same validation rules

centralized
but now its 5000 under one one 'team'. where of those 5000 only 500 are validating the new rules, and only 200 of the 500 are actually storing full ledger data..

that means there are only 200 full validating nodes with full ledger history all running from one 'teams' implementation

I personally believe that building any cryptocurrency at initial stage is can be centralized but after certain period when it goes public no one can claim that thing independently or with group of people. Already Satoshi Nakamoto is the name behind Bitcoin. But still no one know this is one person or group of people.

The most important thing we have to understand is Bitcoin is P2P currency.

P2p stand for Peer to Peer currency. Which means that users who get into bitcoin, contribute to build strong network. As many users join this network there will be more strong network. And users embedded in system decide price of bitcoin by considering low of demand and supply.

The people on reddit /r/btc are losing their mind. They want to have a decentralized bitcoin and at the same time they want to have a big block size to have cheap onchain transactions of high volume. They still have not understood that this is not physically possible and lightning network is the best method possible to scale it to massive amounts of transactions per second. It seems they cannot deal with this fact and spend all day complaining about it and saying blockstream is the next Umbrella Corp or some shit.

As well as Bitcoin is open source and even developer himself cannot control it, So who is Greg Maxwell. I never find or even hear this name since bitcoin born.

Many of claiming that they invent bitcoin. But everything just taking credit.

But I think its all worthless. Bcz currently Bitcoin is the only Virtual digital currency which no one can control.

Very true. No one owns bitcoin currently bcz its already announce by US government, that no can place patent for things which are already public.

So its totally worth nothing to such arguments or statements.

Sounds too darmatic. As for me no one can takeover bitcoin by design

FTFY.

Never heard his name and never know him.  So what will happen if ever that he is the owner?  I do not think he will shutdown the bitcoin and get it all.  They needed us for bitcoin to become stable in the market.  As long as there would be no harm with bitcoin I will continue to make some money through it.  I would not care whoever is the owner.