Wait a minute! Is Bitcoin about to be hijacked ?

[coinmore_org]

*For the record. This is NOT a FUD spreading post*

I just got all the angles on the whole Bitcoin scaling debacle. So am i right in thinking there are 2 "main camps" (The UASF population and the Segwitx2 group/corporation). The UASF guys are going to implement BIP148 on Aug 1st however the Segwitx2 group is planning a pre-emptive strike, which is to sneak in this Segwitx2 code (which possibly maybe very buggy as its a rushed piece of code and it hasnt got the Core devs working on it, BTW the core guys kept this whole Bitcoin thingy going for the last 7-8 yrs without any major hacks or flaws). Back to the point, if the Segwitx2 guys activate the Segwitx2 code it means segwit will activate via a buggy code which threatens to force a block increase in a few months which will then prevent or make it difficult for normal people to download the bitcoin blockchain as it will use up too much computer memory. Again back to the point, if segwit activates via this Segwitx2 code, then the BIP148 will be pointless because it will ONLY reject non segwit blocks however the blocks will be "segwit blocks" so BIP148 will accept the blocks because segwit would have been activated although it would be activated through this buggy Segwitx2 code.

So to finalize, Bitcoin will have segwit BUT not organically. It will upgrade via a risky piece of code (segwitx2 code) and whats worse is that the Core Devs will be shunned and banished from the Bitcoin protocol. And whats even worse still, the other part of the deal (the "x2" part of the segwitx2) will push Bitcoin through a HARDFORK in Novemeber to force a blocksize increase. By the way the Segwitx2 code is not a code produced by the best guys in this field (the core devs), its infact produced by some other guys who are being backed by some guys from the far east and some guys who own some of the big bitcoin businesses (all these guys may all have a common agenda).

From what i have gathered, Bitcoin will be hijacked by these "guys" BEFORE August 1st and August 1st is nothing but a smoke screen and by then Bitcoin would have swallowed the poision pill which is segwitx2.

I for one want Bitcoin to remain the same as it is RIGHT NOW. The "status quo Bitcoin" is SAFE and in time we can all come together with a better plan to scale Bitcoin SAFELY. And who knows Mr Satoshi might even reappear and guide us all. Jk.

[Frosten]

So bitcoin will be hijacked and core devs will be pushed out? Is this true and even possible?

[coinmore_org]

So bitcoin will be hijacked and core devs will be pushed out? Is this true and even possible?

From what i have gathered, if Segwitx2 activates then the Core Devs will LOOSE a lot of authority/respect and will possibly be overlooked/ignored on future upgrades/updates. Because Bitcoin will exist on this Segwitx2 code... Which is piece of code that has NOT been produced by the core devs. And FYI, the core devs (and satoshi) have been releasing all Bitcoin updates up until this point.

[BossMacko]

As a normal Bitcoin user i can't do anything besides crossing my finger and hoping for Bitcoin to live another decade, but i am feeling that it will not make it because instead of the two group joining to make Bitcoin more better than any crypto currency they are divided and competing to each other.

[hatshepsut93]

So bitcoin will be hijacked and core devs will be pushed out? Is this true and even possible?

It's possible if community will swallow it. Segwit2x comes with no replay protection, so you by default can't choose what chain do you want to use after the fork. But I believe that the outcome of this fork will be decided by exchanges - most of them supported Core in their statement about possible BU fork, so if they will take the same stance about segwit2x and will split coins for users, the price of both chains will be decided by trading, which will probably lead to dumping of one chain and rendering it unprofitable to mine. So, if community overwhelmingly supports Core, segwit2x will eventually lose.

[stompix]

The UASF guys are going to implement BIP148 on Aug 1st however the Segwitx2 group is planning a pre-emptive strike, which is to sneak in this Segwitx2 code (which possibly maybe very buggy as its a rushed piece of code and it hasnt got the Core devs working on it, BTW the core guys kept this whole Bitcoin thingy going for the last 7-8 yrs without any major hacks or flaws).

You know that the original bitcoin, the true coin ended with a hundred millions bitcoins more that it was designed and it had to be forked?

Bitcoin has already forked at least two times the hard way and a few times soft forked.
But we might see it ganged forked on August 1.

[coinmore_org]

The UASF guys are going to implement BIP148 on Aug 1st however the Segwitx2 group is planning a pre-emptive strike, which is to sneak in this Segwitx2 code (which possibly maybe very buggy as its a rushed piece of code and it hasnt got the Core devs working on it, BTW the core guys kept this whole Bitcoin thingy going for the last 7-8 yrs without any major hacks or flaws).

You know that the original bitcoin, the true coin ended with a hundred millions bitcoins more that it was designed and it had to be forked?

Bitcoin has already forked at least two times the hard way and a few times soft forked.
But we might see it ganged forked on August 1.

That sounds messed up.

But seriously, Im hoping Bitcoin remains the same and the best minds in this field come together (with no agenda) to help scale Bitcoin safely, once and for all. So we can have a working system for the world to use. In the same way the world uses the internet. And if in the future an update/patch is needed then we as species come together again to fix it. But in reality, this is all wishful thinking on my part. And in all reality, people will always have an agenda and will ruin things for the majority.


Status quo is the best way for NOW (leave things as they are until a future scaling method is agreed upon) or BIP148 this thing to the moon boys! Jk.

[olushakes]

As a normal Bitcoin user i can't do anything besides crossing my finger and hoping for Bitcoin to live another decade, but i am feeling that it will not make it because instead of the two group joining to make Bitcoin more better than any crypto currency they are divided and competing to each other.

And this is the point majority of the crypto community find themselves as the ones that understand all these technicalities are only few. When this debate started, I was lost and even don't know what to do but I was unpertubed because I know I am not the only one involved in all this and today, I made a decision which I am willing to follow through. @Op, I feel the time for argument has passed and it seems some group won the show as you have rightly elucidate what is left now is for everyone to wish its successful because if not, everyone will be affected.

[coinmore_org]

As a normal Bitcoin user i can't do anything besides crossing my finger and hoping for Bitcoin to live another decade, but i am feeling that it will not make it because instead of the two group joining to make Bitcoin more better than any crypto currency they are divided and competing to each other.

And this is the point majority of the crypto community find themselves as the ones that understand all these technicalities are only few. When this debate started, I was lost and even don't know what to do but I was unpertubed because I know I am not the only one involved in all this and today, I made a decision which I am willing to follow through. @Op, I feel the time for argument has passed and it seems some group won the show as you have rightly elucidate what is left now is for everyone to wish its successful because if not, everyone will be affected.

I personally blame the gulliable fools who pushed for this "upgrade". The guys who were desperate for an upgrade because they believed the FUD about Eth or Ltc replacing Bitcoin. Ok fair enough, Bitcoin transactions were becoming slow and expensive BUT the system was secure and safe. But now we have to accept this hasty upgrade which might destroy Bitcoin.

[Bitware]

There's no such thing as hijacking Bitcoin. Whichever version has the most mining/hash power is Bitcoin... like it or not.

[megynacuna]

There's no such thing as hijacking Bitcoin. Whichever version has the most mining/hash power is Bitcoin... like it or not.

Hope it's as you say because there's been so much negative propaganda going on and they are trying to convince some of us the non technical ones to believe it's going to be hijacked but we are hoping for the best for Bitcoin and our financial lives.

[Amph]

There's no such thing as hijacking Bitcoin. Whichever version has the most mining/hash power is Bitcoin... like it or not.

that is debatable, what if all the exchange and merchants remain with the shortest chain? because the longest chain is the new ass hole chain commanded by someone that just want to be greedy like miners?

the thing that miners only matter is obsolete, they are not the only one to look when you want to see what is the "true bitcoin"