Bitcoin Forum
May 02, 2024, 05:33:10 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: (Explain Like I'm Five) What Did "THE SUITS" Agree To Do?  (Read 339 times)
Bit_Happy (OP)
Legendary
*
Offline Offline

Activity: 2100
Merit: 1040


A Great Time to Start Something!


View Profile
June 05, 2017, 02:48:31 AM
 #1

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...

1714627990
Hero Member
*
Offline Offline

Posts: 1714627990

View Profile Personal Message (Offline)

Ignore
1714627990
Reply with quote  #2

1714627990
Report to moderator
1714627990
Hero Member
*
Offline Offline

Posts: 1714627990

View Profile Personal Message (Offline)

Ignore
1714627990
Reply with quote  #2

1714627990
Report to moderator
1714627990
Hero Member
*
Offline Offline

Posts: 1714627990

View Profile Personal Message (Offline)

Ignore
1714627990
Reply with quote  #2

1714627990
Report to moderator
The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714627990
Hero Member
*
Offline Offline

Posts: 1714627990

View Profile Personal Message (Offline)

Ignore
1714627990
Reply with quote  #2

1714627990
Report to moderator
1714627990
Hero Member
*
Offline Offline

Posts: 1714627990

View Profile Personal Message (Offline)

Ignore
1714627990
Reply with quote  #2

1714627990
Report to moderator
1714627990
Hero Member
*
Offline Offline

Posts: 1714627990

View Profile Personal Message (Offline)

Ignore
1714627990
Reply with quote  #2

1714627990
Report to moderator
jonald_fyookball
Legendary
*
Offline Offline

Activity: 1302
Merit: 1004


Core dev leaves me neg feedback #abuse #political


View Profile
June 05, 2017, 03:44:00 AM
 #2

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.

gadman2
Legendary
*
Offline Offline

Activity: 977
Merit: 1000



View Profile
June 05, 2017, 03:58:26 AM
 #3

Have an ice cream because 5 year olds wouldn't understand.

Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!