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Bitcoin => Bitcoin Discussion => Topic started by: Bit_Happy on June 05, 2017, 02:48:31 AM



Title: (Explain Like I'm Five) What Did "THE SUITS" Agree To Do?
Post by: Bit_Happy on June 05, 2017, 02:48:31 AM
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...


Title: Re: (Explain Like I'm Five) What Did "THE SUITS" Agree To Do?
Post by: jonald_fyookball on June 05, 2017, 03:44:00 AM
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.


Title: Re: (Explain Like I'm Five) What Did "THE SUITS" Agree To Do?
Post by: gadman2 on June 05, 2017, 03:58:26 AM
Have an ice cream because 5 year olds wouldn't understand.