Bitcoin is set in stone

[hdbuck]

After almost 4 years of fork drama - despite all the lobbying shenanigans, the doom scenarios, the colluding of corporations and of mining cartels, regardless the agreements, the conferences, the social media war, the rage quits - the sheer ineptitude amongst bitcoiners to reach new consensus is instating a clear status quo in regard to Bitcoin's rules.

It may very be the time for bitcoiners to acknowledge that Bitcoin is as robust and immune to political pressure as its great inventor Satoshi - praise him be - intended to with the subtile genesis block:

Code:

The Times 03/Jan/2009 Chancellor on brink of second bailout for bank

Rejoy for immutability of the Bitcoin consensus rules is the most invaluable feature of the system if trust is at its core.

Bitcoin is set in stone and anyone still delusional about breaking those rules is promoting nothing else than some altcoin.

In any case, people are free to use Bitcoin. And they are free to leave it. Or hell they are surely free to fork off.

But if people still want in, it may be the time to surrender and abide to its unequivocal - unprecedentedly apolitical - status quo.

So the sooner bitcoiners give up the futile and useless divisions, the better.

Bitcoin is dead. Long live Bitcoin!


I'll leave two quotes for the heart broken forkers:

There are lots of important improvements left to make to Bitcoin and it would be sad if they couldn't be made-- but Bitcoin's rules being shown to be truly immutable in practice would be a massive consolation and a great reason to feel confident about the system.

I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash. Most Bitcoin transactions will occur between banks, to settle net transfers. Bitcoin transactions by private individuals will be as rare as... well, as Bitcoin based purchases are today.

[Carlton Banks]

Dunno. In those same 4 years, there were maybe a half dozen soft forks? Some of those were rule changes, albeit changes in preexisting rules. Do soft forks, of which there are demonstrably many, not count?

[hdbuck]

Dunno. In those same 4 years, there were maybe a half dozen soft forks? Some of those were rule changes, albeit changes in preexisting rules. Do soft forks, of which there are demonstrably many, not count?

Soft forks are opt-in "updates" or "features" that are still backward compatible in regard to bitcoin's hard coded consensus rules.

[Carlton Banks]

Soft forks are opt-in "updates" or "features" that are still backward compatible in regard to bitcoin's hard coded consensus rules.

They've also changed consensus rules, BIP66 changed signature validation, making it more selective. And it was an important consensus change, too.

[RealBitcoin]

Without hardforking, bitcoin cant evolve, and if it cant evolve, then it will perish.

Survival of the fittest.

Bitcoin is set in stone and anyone still delusional about breaking those rules is promoting nothing else than some altcoin.

In any case, people are free to use Bitcoin. And they are free to leave it. Or hell they are surely free to fork off.

You are delusional for thinking that anything can remain the same in a changing world.

Sure a fork is technically an altcoin, but if the economic majority accepts it as the new bitcoin, then it will be bitcoin. Bitcoin is whatever people want it to be.

And you will be left with the bloated 1mb coin bag of the old coin, sitting at 1 cent price, wondering why you are wrong.

[hdbuck]

Soft forks are opt-in "updates" or "features" that are still backward compatible in regard to bitcoin's hard coded consensus rules.

They've also changed consensus rules, BIP66 changed signature validation, making it more selective. And it was an important consensus change, too.

I'm talking about new consensus change tho. From now on and as even heavily marketed segwit fork seems not to take root.

Such decentralization, much immutability ftw!

[Xester]

Im just confused why did you said that bitcoin is dead but you added a statement "long live bitcoin". But anyway bitcoin can survive any waves and pressure from issues arising from small blocksize. Those who are purchasing altcoins are not foolish people they just want to diversify their investment and thats all. Regardless of any fork issues, bitcoin is still the best cryptocurrency ever made online.

[bitbunnny]

Nothing is set in stone and everything changes, so the Bitcoin too. But I beleive that by now is strong enough to survive the bad things and pressures and develope even better in the future. Although new cryptocurrency appear all the time, I beleive Bitcoin will survive, although maybe with changes.

[RealBitcoin]

Soft forks are opt-in "updates" or "features" that are still backward compatible in regard to bitcoin's hard coded consensus rules.

They've also changed consensus rules, BIP66 changed signature validation, making it more selective. And it was an important consensus change, too.

I'm talking about new consensus change tho. From now on and as even heavily marketed segwit fork seems not to take root.

Such decentralization, much immutability ftw!

That is true and that might be it's fail.

People citicize banks are being dinosaurs, but the only dinosaur is Bitcoin here. Just as the dinosaurs could not adapt to the sudden cooling of the planet, despite being strong creatures, they went extinct.

The same way will bitcoin go extinct, despite it's strong decentralization, if the fee problem is not fixed in the next 12-18 months.

And I emphasize on this big time.

Like Western Union having 5$ fees. Oh boy, Bitcoin will soon have 10$ fees if this is not fixed.

https://www.saveonsend.com/blog/wp-content/uploads/2015/04/Money-transfer-Western-Union-vs-Bitcoin.jpg

[jacobmayes94]

Dunno. In those same 4 years, there were maybe a half dozen soft forks? Some of those were rule changes, albeit changes in preexisting rules. Do soft forks, of which there are demonstrably many, not count?

There has been segwit which helps with the issue and is a soft fork, no sign of implementation, however!

[stereotype]

Im just confused why did you said that bitcoin is dead but you added a statement "long live bitcoin".

Its a well known historical statement, to denote continuity, as in.... "the king is dead, long live the king"

[hv_]

Yes - BSV is that stone now.  Good to keep any crappy ppl out of the protocol alterations with that.

thx

[nutildah]

Sure a fork is technically an altcoin, but if the economic majority accepts it as the new bitcoin, then it will be bitcoin. Bitcoin is whatever people want it to be.

And you will be left with the bloated 1mb coin bag of the old coin, sitting at 1 cent price, wondering why you are wrong.

Symbol	Hash Rate	Market Cap
BTC	98.4 Ehash	$183.8 B
BCH	2.45 Ehash	$5.546 B
BSV	0.95 Ehash	$2.178 B

There is no doubt about which coin "bitcoin" is. There never was. Its never been close.

As far as whether or not the laws of bitcoin are immutable I would say no, but its fundamental principles are. Bitcoin should be allowed to evolve just like any other technology. The idea that Satoshi got everything perfect in his first go is ludicrous.

[hv_]

Sure a fork is technically an altcoin, but if the economic majority accepts it as the new bitcoin, then it will be bitcoin. Bitcoin is whatever people want it to be.

And you will be left with the bloated 1mb coin bag of the old coin, sitting at 1 cent price, wondering why you are wrong.

Symbol	Hash Rate	Market Cap
BTC	98.4 Ehash	$183.8 B
BCH	2.45 Ehash	$5.546 B
BSV	0.95 Ehash	$2.178 B

There is no doubt about which coin "bitcoin" is. There never was. Its never been close.

As far as whether or not the laws of bitcoin are immutable I would say no, but its fundamental principles are. Bitcoin should be allowed to evolve just like any other technology. The idea that Satoshi got everything perfect in his first go is ludicrous.

There is no doubt some ppl mixing up  

COIN  (Ticker)

with

SYSTEM  (Protocol)

BTW: U can piss on SATOSHI only iff u ve fully proven, that his work does NOT WORK.   

[nutildah]

There is no doubt some ppl mixing up  

COIN  (Ticker)

with

SYSTEM  (Protocol)

Language is guided by more than that. Definitions of words are created by mass consensus. The consensus is BTC is Bitcoin. It's always been this way.

You can continue - hopelessly I might add - to pretend that an alternate reality exists where this is not true, and the real world will continue to operate as it currently does despite your personal beliefs and preferences.

[Red-Apple]

Yes - BSV is that stone now.  Good to keep any crappy ppl out of the protocol alterations with that.

thx

yeah, about 100 other people who have copied bitcoin and created about 100 garbage altcoin with a name like bitcoin-foo are also saying the same exact thing as you are

here are some of the garbage that are accompanying your vision:

[hv_]

There is no doubt some ppl mixing up  

COIN  (Ticker)

with

SYSTEM  (Protocol)

Language is guided by more than that. Definitions of words are created by mass consensus. The consensus is BTC is Bitcoin. It's always been this way.

You can continue - hopelessly I might add - to pretend that an alternate reality exists where this is not true, and the real world will continue to operate as it currently does despite your personal beliefs and preferences.

There is no MASS consensus - this ur private dream.

Bitcoin is bigger than the btc ticker.

The MASS is using banks and fiat or even NOTHING  - a very strictly controlled and assessed Regime & risk averse, where BTC is not accepted. Never will cause it has altered and does not work - only for speculation and crime wanting to pay the fees.

[hv_]

Yes - BSV is that stone now.  Good to keep any crappy ppl out of the protocol alterations with that.

thx

yeah, about 100 other people who have copied bitcoin and created about 100 garbage altcoin with a name like bitcoin-foo are also saying the same exact thing as you are

here are some of the garbage that are accompanying your vision:

Sure 99% shit coins

[Mandoy]

I enjoyed reading the authors post. Well it is really through that there are series of dramas that have occurred to bitcoin and there are multiple forks and versions of bitcoin that have appeared since its existence. There are many who wanted to replace bitcoin in its pedestal and others wanted to change its code. But at the end of the day bitcoin will still be bitcoin and the original code of satoshi will stay the same and bitcoin will stay the same.

In this regards, it is wise to say that bitcoin will still be the number one currency and will be irreplaceable in the cryptocurrency world. The only problem left is our wallet if we have them or not.

[nutildah]

There is no MASS consensus - this ur private dream.

Of course there is. Its the community: the miners, the users, the merchants, the exchanges -- they have all came to the consensus that Bitcoin = BTC and everything else are altcoins. You are in the minority. You will always be in the minority. Don't reply to me until BSV has even begun to approach the hash rate of BCH.