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Author Topic: People should get the full story of r/bitcoin, one of the strangest subs  (Read 627 times)
25hashcoin
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August 07, 2017, 02:39:48 AM
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https://www.reddit.com/r/BitcoinMarkets/comments/6rxw7k/informative_btc_vs_bch_articles/dl8v4lp/

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People should get the full story of r/bitcoin because it is probably one of the strangest of all reddit subs.

r/bitcoin, the main sub for the bitcoin community is held and run by a person who goes by the pseudonym u/theymos. Theymos not only controls r/bitcoin, but also bitcoin.org and bitcointalk.com. These are top three communication channels for the bitcoin community, all controlled by just one person.

For most of bitcoin's history this did not create a problem (at least not an obvious one anyway) until around mid 2015. This happened to be around the time a new player appeared on the scene, a for-profit company called Blockstream. Blockstream was made up of/hired many (but not all) of the main bitcoin developers. (To be clear, Blockstream was founded before mid 2015 but did not become publicly active until then). A lot of people, including myself, tried to point out there we're some very serious potential conflicts of interest that could arise when one single company controls most of the main developers for the biggest decentralised and distributed cryptocurrency. There were a lot of unknowns but people seemed to give them the benefit of the doubt because they were apparently about to release some new software called "sidechains" that could offer some benefits to the network.

Not long after Blockstream came on the scene the issue of bitcoin's scalability once again came to forefront of the community. This issue came within the community a number of times since bitcoins inception. Bitcoin, as dictated in the code, cannot handle any more than around 3 transactions per second at the moment. To put that in perspective Paypal handles around 15 transactions per second on average and VISA handles something like 2000 transactions per second. The discussion in the community has been around how best to allow bitcoin to scale to allow a higher number of transactions in a given amount of time. I suggest that if anyone is interested in learning more about this problem from a technical angle, they go to r/btc and do a search. It's a complex issue but for many who have followed bitcoin for many years, the possible solutions seem relatively obvious. Essentially, currently the limit is put in place in just a few lines of code. This was not originally present when bitcoin was first released. It was in fact put in place afterwards as a measure to stop a bloating attack on the network. Because all bitcoin transactions have to be stored forever on the bitcoin network, someone could theoretically simply transmit a large number of transactions which would have to be stored by the entire network forever. When bitcoin was released, transactions were actually for free as the only people running the network were enthusiasts. In fact a single bitcoin did not even have any specific value so it would be impossible set a fee value. This meant that a malicious person could make the size of the bitcoin ledger grow very rapidly without much/any cost which would stop people from wanting to join the network due to the resource requirements needed to store it, which at the time would have been for very little gain.

Towards the end of the summer last year, this bitcoin scaling debate surfaced again as it was becoming clear that the transaction limit for bitcoin was semi regularly being reached and that it would not be long until it would be regularly hit and the network would become congested. This was a very serious issue for a currency. Bitcoin had made progress over the years to the point of retailers starting to offer it as a payment option. Bitcoin companies like, Microsoft, Paypal, Steam and many more had began to adopt it. If the transaction limit would be constantly maxed out, the network would become unreliable and slow for users. Users and businesses would not be able to make a reliable estimate when their transaction would be confirmed by the network.

Users, developers and businesses (which at the time was pretty much the only real bitcoin subreddit) started to discuss how we should solve the problem r/bitcoin. There was significant support from the users and businesses behind a simple solution put forward by the developer Gavin Andreesen. Gavin was the lead developer after Satoshi Nakamoto left bitcoin and he left it in his hands. Gavin initially proposed a very simple solution of increasing the limit which was to change the few lines of code to increase the maximum number of transactions that are allowed. For most of bitcoin's history the transaction limit had been set far far higher than the number of transactions that could potentially happen on the network. The concept of increasing the limit one time was based on the fact that history had proven that no issue had been cause by this in the past.

A certain group of bitcoin developers decided that increasing the limit by this amount was too much and that it was dangerous. They said that the increased use of resources that the network would use would create centralisation pressures which could destroy the network. The theory was that a miner of the network with more resources could publish many more transactions than a competing small miner could handle and therefore the network would tend towards few large miners rather than many small miners. The group of developers who supported this theory were all developers who worked for the company Blockstream. The argument from people in support of increasing the transaction capacity by this amount was that there are always inherent centralisation pressure with bitcoin mining. For example miners who can access the cheapest electricity will tend to succeed and that bigger miners will be able to find this cheaper electricity easier. Miners who have access to the most efficient computer chips will tend to succeed and that larger miners are more likely to be able to afford the development of them. The argument from Gavin and other who supported increasing the transaction capacity by this method are essentially there are economies of scale in mining and that these economies have far bigger centralisation pressures than increased resource cost for a larger number of transactions (up to the new limit proposed). For example, at the time the total size of the blockchain was around 50GB. Even for the cost of a 500GB SSD is only $150 and would last a number of years. This is in-comparison to the $100,000's in revenue per day a miner would be making.

Various developers put forth various other proposals, including Gavin Andresen who put forth a more conservative increase that would then continue to increase over time inline with technological improvements. Some of the employees of blockstream also put forth some proposals, but all were so conservative, it would take bitcoin many decades before it could reach a scale of VISA. Even though there was significant support from the community behind Gavin's simple proposal of increasing the limit it was becoming clear certain members of the bitcoin community who were part of Blockstream were starting to become increasingly vitriolic and divisive. Gavin then teamed up with one of the other main bitcoin developers Mike Hearn and released a coded (i.e. working) version of the bitcoin software that would only activate if it was supported by a significant majority of the network. What happened next was where things really started to get weird.

After this free and open source software was released, Theymos, the person who controls all the main communication channels for the bitcoin community implemented a new moderation policy that disallowed any discussion of this new software. Specifically, if people were to discuss this software, their comments would be deleted and ultimately they would be banned temporarily or permanently. This caused chaos within the community as there was very clear support for this software at the time and it seemed our best hope for finally solving the problem and moving on. Instead a censorship campaign was started. At first it 'all' they were doing was banning and removing discussions but after a while it turned into actively manipulating the discussion. For example, if a thread was created where there was positive sentiment for increasing the transaction capacity or being negative about the moderation policies or negative about the actions of certain bitcoin developers, the mods of r/bitcoin would selectively change the sorting order of threads to 'controversial' so that the most support opinions would be sorted to the bottom of the thread and the most vitriolic would be sorted to the top of the thread. This was initially very transparent as it was possible to see that the most downvoted comments were at the top and some of the most upvoted were at the bottom. So they then implemented hiding the voting scores next to the users name. This made impossible to work out the sentiment of the community and when combined with selectively setting the sorting order to controversial it was possible control what information users were seeing. Also, due to the very very large number of removed comments and users it was becoming obvious the scale of censorship going on. To hide this they implemented code in their CSS for the sub that completely hid comments that they had removed so that the censorship itself was hidden. Anyone in support of scaling bitcoin were removed from the main communication channels. Theymos even proudly announced that he didn't care if he had to remove 90% of the users. He also later acknowledged that he knew he had the ability to block support of this software using the control he had over the communication channels.

While this was all going on, Blockstream and it's employees started lobbying the community by paying for conferences about scaling bitcoin, but with the very very strange rule that no decisions could be made and no complete solutions could be proposed. These conferences were likely strategically (and successfully) created to stunt support for the scaling software Gavin and Mike had released by forcing the community to take a "lets wait and see what comes from the conferences" kind of approach. Since no final solutions were allowed at these conferences, they only served to hinder and splinter the communities efforts to find a solution. As the software Gavin and Mike released called BitcoinXT gained support it started to be attacked. Users of the software were attack by DDOS. Employees of Blockstream were recommending attacks against the software, such as faking support for it, to only then drop support at the last moment to put the network in disarray. Blockstream employees were also publicly talking about suing Gavin and Mike from various different angles simply for releasing this open source software that no one was forced to run. In the end Mike Hearn decided to leave due to the way many members of the bitcoin community had treated him. This was due to the massive disinformation campaign against him on r/bitcoin. One of the many tactics that are used against anyone who does not support Blockstream and the bitcoin developers who work for them is that you will be targeted in a smear campaign. This has happened to a number of individuals and companies who showed support for scaling bitcoin. Theymos has threatened companies that he will ban any discussion of them on the communication channels he controls (i.e. all the main ones) for simply running software that he disagrees with (i.e. any software that scales bitcoin).

As time passed, more and more proposals were offered, all against the backdrop of ever increasing censorship in the main bitcoin communication channels. It finally come down the smallest and most conservative solution. This solution was much smaller than even the employees of Blockstream had proposed months earlier. As usual there was enormous attacks from all sides and the most vocal opponents were the employees of Blockstream. These attacks still are ongoing today. As this software started to gain support, Blockstream organised more meetings, especially with the biggest bitcoin miners and made a pact with them. They promised that they would release code that would offer an on-chain scaling solution hardfork within about 4 months, but if the miners wanted this they would have to commit to running their software and only their software. The miners agreed and the ended up not running the most conservative proposal possible. This was in February last year. There is no hardfork proposal in sight from the people who agreed to this pact and bitcoin is still stuck with the exact same transaction limit it has had since the limit was put in place about 6 years ago. Gavin has also been publicly smeared by the developers at Blockstream and a plot was made against him to have him removed from the development team. Gavin has now been, for all intents an purposes, expelled from bitcoin development. This has meant that all control of bitcoin development is in the hands of the developers working at Blockstream.

There is a new proposal that offers a market based approach to scaling bitcoin. This essentially lets the market decide. Of course, as usual there has been attacks against it, and verbal attacks from the employees of Blockstream. This has the biggest chance of gaining wide support and solving the problem for good.

To give you an idea of Blockstream; It has hired most of the main and active bitcoin developers and is now synonymous with the "Core" bitcoin development team. They AFAIK no products at all. They have received around $75m in funding. Every single thing they do is supported by /u/theymos. They have started implementing an entirely new economic system for bitcoin against the will of it's users and have blocked any and all attempts to scaling the network in line with the original vision.

Although this comment is ridiculously long, it really only covers the tip of the iceberg. You could write a book on the last two years of bitcoin. The things that have been going on have been mind blowing. One last thing that I think is worth talking about is the u/bashco's claim of vote manipulation.

The users that the video talks about have very very large numbers of downvotes mostly due to them having a very very high chance of being astroturfers. Around about the same time last year when Blockstream came active on the scene every single bitcoin troll disappeared, and I mean literally every single one. In the years before that there were a large number of active anti-bitcoin trolls. They even have an active sub r/buttcoin. Up until last year you could go down to the bottom of pretty much any thread in r/bitcoin and see many of the usual trolls who were heavily downvoted for saying something along the lines of "bitcoin is shit", "You guys and your tulips" etc. But suddenly last year they all disappeared. Instead a new type of bitcoin user appeared. Someone who said they were fully in support of bitcoin but they just so happened to support every single thing Blockstream and its employees said and did. They had the exact same tone as the trolls who had disappeared. Their way to talking to people was aggressive, they'd call people names, they had a relatively poor understanding of how bitcoin fundamentally worked. They were extremely argumentative. These users are the majority of the list of that video. When the 10's of thousands of users were censored and expelled from r/bitcoin they ended up congregating in r/btc. The strange thing was that the users listed in that video also moved over to r/btc and spend all day everyday posting troll-like comments and misinformation. Naturally they get heavily downvoted by the real users in r/btc. They spend their time constantly causing as much drama as possible. At every opportunity they scream about "censorship" in r/btc while they are happy about the censorship in r/bitcoin. These people are astroturfers. What someone somewhere worked out, is that all you have to do to take down a community is say that you are on their side. It is an astoundingly effective form of psychological attack.

sources:

https://twitter.com/adam3us/status/633119949943275520

https://www.reddit.com/r/Bitcoin/comments/3hb63g/bip_suggestion_lock_the_blockchain_to_only/cu5v2u2/

https://www.reddit.com/r/Bitcoin/comments/3h9cq4/its_time_for_a_break_about_the_recent_mess/

https://www.reddit.com/r/Bitcoin/comments/3uu3we/bitstamp_will_switch_to_bip_101_this_december/

https://www.reddit.com/r/Bitcoin/comments/3uu3we/bitstamp_will_switch_to_bip_101_this_december/cxi370c/

https://www.reddit.com/r/Bitcoin/comments/3rejl9/coinbase_ceo_brian_armstrong_bip_101_is_the_best/cwpglh6

https://www.reddit.com/r/Bitcoin/comments/3axnc3/this_is_the_definition_of_fud_how_to_subvert/

https://www.reddit.com/r/btc/comments/3z0pkq/theymos_caught_redhanded_why_he_censors_all_the/

http://pastebin.com/1kvuj5bw

https://www.reddit.com/r/btc/comments/418r0l/lukejr_is_already_trying_to_sabotage_bitcoin/

https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.cjuafsypy

https://www.reddit.com/r/Bitcoin/comments/3axnc3/this_is_the_definition_of_fud_how_to_subvert/

https://medium.com/@bitcoinroundtable/bitcoin-roundtable-consensus-266d475a61ff#.g42rjs2ew

https://news.bitcoin.com/bitcoin-classic-targeted-by-ddos-attacks/

https://www.reddit.com/r/btc/comments/5h2wiv/was_theymos_running_a_botnet_in_2007_theymos/?

https://www.reddit.com/r/btc/comments/5fm11b/unullc_is_actively_trying_to_delete_satoshi_from/?

https://github.com/BitcoinUnlimited/BitcoinUnlimited/pull/180#discussion_r91823463


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August 07, 2017, 02:46:53 AM
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Well then, by your theory if it is true then your thread will get deleted, so let's see what happens now... Grin


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August 07, 2017, 02:53:20 AM
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Well then, by your theory if it is true then your thread will get deleted, so let's see what happens now... Grin
Ehhh, moderation policies are in place that are designed to steer conversations in a certain way. Also, certain policies are only sometimes enforced, allowing favorable/unfavorable threads to remain in more prominent locations. Bitcointalk does not really have any policies that prevent users from expressing their opinions, however r/bitcoin allegedly is different. 

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August 07, 2017, 02:57:43 AM
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Well then, by your theory if it is true then your thread will get deleted, so let's see what happens now... Grin
Ehhh, moderation policies are in place that are designed to steer conversations in a certain way. Also, certain policies are only sometimes enforced, allowing favorable/unfavorable threads to remain in more prominent locations. Bitcointalk does not really have any policies that prevent users from expressing their opinions, however r/bitcoin allegedly is different.  


This forum also gets a tiny fraction of new user exposure compared to r/bitcoin

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August 07, 2017, 03:26:32 AM
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Bitcointalk stopped getting overtly censored although it used to be when all "bitcoinxt" stuff got moved to altcoins.

I think the censorship would be too obvious now. instead they just brigade with trolls.

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August 07, 2017, 04:23:38 AM
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Bitcointalk stopped getting overtly censored although it used to be when all "bitcoinxt" stuff got moved to altcoins.

I think the censorship would be too obvious now. instead they just brigade with trolls.

I still get the odd message here and there deleted. At first I always think it is bullcrap, but in reality I can see why they do it in order to promote a good image of Bitcoin... it is a debatable issue, but realistically this forum is definitely NOT overmoderated by any stretch of the imagination.


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August 07, 2017, 05:20:08 AM
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Well then, by your theory if it is true then your thread will get deleted, so let's see what happens now... Grin

What theory?  25hashcoin has appeared to just copy and paste some one else's thread from Reddit. Fuck, if we wanted to argue the pov on Reddit, let's go to Reddit and do it!

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August 07, 2017, 05:46:24 AM
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Rules are rules. r/Bitcoin and Bitcointalk.org is platforms for talks and discussions about Bitcoin and not a platform to promote some Alt coin. If anyone has a problem with that, then they can move to Roger Ver's forum to discuss those Alt coins. On Bitcointalk.org, you are allowed to discuss Alt coins, but in the designated area for that, not in the main Bitcoin discussion areas.

When moderators remove or move threads that are Alt coin related, the supporters of these Alt coins throw out all their toys and calls it censorship.

Stay within the rules of the forum and your Alt coin discussions will be tolerated, even though this forum were meant to discuss Bitcoin.

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October 06, 2017, 03:27:05 PM
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More relevant than ever during these strange times of high level deception. Find another way to get your information other than this censored cesspit of a forum ran by people who despise freedom.

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October 06, 2017, 03:41:27 PM
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Someone posted asking if we can recommend wallets. I recommended blockchain.info and Bitcoin.com . That comment was deleted and tagged,"off topic".

I am still confused why that answer is offtopic


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October 06, 2017, 03:54:48 PM
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Someone posted asking if we can recommend wallets. I recommended blockchain.info and Bitcoin.com . That comment was deleted and tagged,"off topic".

I am still confused why that answer is offtopic



Because it doesnt fit their agenda. Dont forget this forum and /r/bitcoin are controlled by the exact same people.

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October 07, 2017, 04:49:45 PM
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October 07, 2017, 04:55:47 PM
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Very interesting. I personally prefer to remain on the hub of bitcoin communication, Bitcointalk, so I haven't ventured over that way yet.

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October 07, 2017, 05:06:31 PM
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Very interesting. I personally prefer to remain on the hub of bitcoin communication, Bitcointalk, so I haven't ventured over that way yet.

I think you're looking for http://www.reddit.com/r/btc the largest place for uncensored Bitcoin discussion.

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October 07, 2017, 05:09:03 PM
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Hahahaha LOL. So uninformed.

Why is the other reddit thread and the other company-controlled bitcoin website (bitcoin.com) such babies and spreading FUD with these posts? Why do they push hard on altcoins (bitcoin cash, ethereum, FUD? this post is a prime example)?

Answer: DCG = DIGITAL CURRENCY GROUP (Barry Silbert, Jeff Garzik, coin base, bitpay, etc) who spread FUD and are trying to infiltrate & eventually shutdown bitcoin.

Forks creating scamchains are a courtesy brought to you by DCG group of companies led by Barry Silbert with his fellow minion Jeff Garzik and friend Roger Ver. Central banks love to fund their operations so they can get inside the community to circumvent Bitcoin's progress and try to destroy bitcoin.

Luckily their attempts have been marked by continuous failed altcoins...
"Bitcoin Classic" failure
"Bitcoin XT" failure
"Bitcoin Unlimited" failure
"Bitcoin Cash" failure
coming soon..."Bitcoin Segwit2x" (BTC1) failure

Recommend reading post: "Hacks Puppets and Forks - How to destroy Bitcoin"
https://bitcointalk.org/index.php?topic=1834310.20

hacks (these people may have been well-meaning previously...but people change...):
Mike Hearn : “the "Bitcoin experiment" has "failed." goes on to Ethereum an app coin.
Hearn - Big Bank Bitcoin Bully - https://medium.com/@tradertimm/hearn-big-bank-bitcoin-bully-c61531c082e#.okh9viyze
Craig Wright - desperately claimed to be Satoshi & then flees fraud trying to file a bunch of IP patents! LOL!
Mark Karpeles
Paul Vernon
Josh Garza
Roger Ver
Jeff Garzik (2017 recent; hard forking BTC1 / segwit2x)
"Jeff Garzik wants you to connect to his Bitcoin transaction analytics (spy) company Skry, by default, in the SegWit2x fork. Jeff is a sneaky snake!":https://www.reddit.com/r/Bitcoin/comments/6n9grc/jeff_garzik_wants_you_to_connect_to_his_bitcoin/
Barry Silbert (and his DCG portfolio of companies-ie Coinbase, Bitpay, sponsoring ilk of Jeff Garzik characters)


Bitcoin has the highest value because of the totality of what it is - if it lacked the features of what it is, then there would be no value.

If it wasn't secure, there would be no value.
If it wasn't immutable, there would be no value.
If it wasn't globally distributed, there would be no value.
If it wasn't so strong, open-source decentralized and unstoppable, there would be no value.
If it wasn't so scarce, there would be no value.
If it was easy to spam transactions, there would be no value
If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value
If it was exactly like fiat and only did transactions, there would be no value.

Bitcoin has all these together to make the most value and increasing more than any other financial-asset option coming from the fiat central-banking debt-system.


Though it is still very early adoption (most people everywhere don't know what it is)...
Bitcoin has freed, continuing to free, and tomorrow will still free many people globally from the centrally controlled debt-based fiat system that confiscates your wealth with inflation and tax. Bitcoin is a TRUE savings vehicle. Buying Real Estate, Hospital healthcare, Global traveling, College Education gets cheaper as you hold Bitcoin.

And it has become clear that...
Bitcoin CANNOT be controlled.

Bitcoin cannot be made legal. Governments may still attempt to do so. They can never have such domination on Bitcoin.

Bitcoin cannot be made illegal. Governments may still attempt to do so.


Central banks already control and manipulate Stocks, Real Estate, Gold, Interest Rates. Central banks will never have such domination on Bitcoin.

Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter.

On the opposite end of the spectrum the global fiat (US Dollars, Indian Rupees, Chinese Yuan, etc) bubble system broke a couple of decades ago.

Fiat around the world is forced to inflate issuance as its heavily infested, burdened and broken with:
-regulatory burden on fiat banks & system (incredibly costly)
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-insurance fraud
-false claims and insurance loss-events
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-using enforcement labor to freeze accounts and assets and take away your money
-costs of auditors and budgetors and accountants to governments and businesses

Bitcoin, systemically, is free from these burdens.

Bitcoin is GLOBALLY held and sought after by people in almost every country - see global trade data by country or see this list:
https://bitcointalk.org/index.php?topic=1853019.0

BLOCKCHAIN without bitcoin = SCAMCHAINS
BLOCKCHAINS without bitcoin ARE SIMPLY PRIVATE DATABASES that every small business has even a coffee shop = NO VALUE, its like fiat currency, small minimal value!

BITCOIN BLOCKHAIN = SECURE IMMUTABLE VALUABLE OPEN-SOURCE DECENTRALIZED FAIR (scarce bitcoin supply). Globally people poured over $70Billion (USD) equivelent value into bitcoin and this will increase with time.

CAN SOMEONE PLEASE STOP BLOWING BUBBLES OF EXTRA FIAT MONEY AROUND THE WORLD? (PLEASE NO MORE USD, EUROS, JAPANESE YENS, INDIAN RUPEES, CHINESE YUAN, MEXICAN PESOS - PLEASE STOP INFLATING AND MAKING BITCOIN SO VALUABLE)...stop this pumping

https://macromon.wordpress.com/2017/04/26/the-chart-that-floats-overvaluation/

25hashcoin
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October 07, 2017, 05:40:34 PM
 #16

^^^^^^

Shills gonna shill

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October 07, 2017, 06:33:13 PM
 #17

Rules are rules. r/Bitcoin and Bitcointalk.org is platforms for talks and discussions about Bitcoin and not a platform to promote some Alt coin. If anyone has a problem with that, then they can move to Roger Ver's forum to discuss those Alt coins. On Bitcointalk.org, you are allowed to discuss Alt coins, but in the designated area for that, not in the main Bitcoin discussion areas.

When moderators remove or move threads that are Alt coin related, the supporters of these Alt coins throw out all their toys and calls it censorship.

Stay within the rules of the forum and your Alt coin discussions will be tolerated, even though this forum were meant to discuss Bitcoin.

segwit is an altcoin.. hense why people call it segwit and not bitcoin..
but because segwit (2014 blockstream elements coin) has been trojan horsed into bitcoin, the bs fanboys think its their right to think its ok to promote segwit in the main bitcoin forum for years before it even got trojan horsed in....(bs devs admitted they backdoored it in)
however other projects that actually use consensus and do not have altcoin creating code get pushed to altcoin category.. all because the bs devs themselves put code into their segwit2.0 to ban anything not segwit roadmapped

kakmakr, its worth you researching more and defending the bscartel less

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Don't take any information given on this forum on face value. Please do your own due diligence & respect what is written here as both opinion & information gleaned from experience. If you wish to seek legal FACTUAL advice, then seek the guidance of a LEGAL specialist.
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October 08, 2017, 06:07:37 PM
 #18

https://medium.com/@johnblocke/a-brief-and-incomplete-history-of-censorship-in-r-bitcoin-c85a290fe43

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October 08, 2017, 07:13:46 PM
 #19

Bitcointalk needs a bit more legit moderation and a bit less power abuse.


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October 08, 2017, 08:03:04 PM
 #20

I have to say that the level of rancor that has gone on among those that favor S2X is childish and doesn't give me any confidence in the strength of the team behind it.  The fact that replay protection is purposely (from what I understand) being withheld from the impending S2X fork also does not convey to me a level of professionalism that a team devoted to advancing the best interests of a significant store of wealth should posses and keep in the forefront of decision making.

I am inclined to defer significant judgment to the Core team that has maintained the code base and have been a large part of how Bitcoin got to where it is today.

That being said, while I truly believe that Core is making the right choice, I'm reserving ultimate judgement and keeping an open mind, and I think that's the right choice.

Bitcoin began as an experiment.  It has shown it can be very successful -- maybe, even, to the point of changing paradigms that have existed for most of recorded history.  Forks in the road are part of any growth process.  Instead of throwing insults and sowing FUD, why not put that energy toward solving the problems inherent in scaling BTC?

I say... let the best code win.

I don't want Bitcoin to be centralized to a single company or a small group of them.

I don't want Bitcoin to be centralized to a single mining operation or a small group of them.

I support a vibrant ecosystem of people, businesses, and organizations that promote Bitcoin and other cryptocurrencies.  I support laws and regulations that protect people but do not stifle innovation.  And I support exploring multiple ideas to achieving the outcomes that better Bitcoin and its resilience. 

The OP mentions Visa... Visa handles on average a few thousand transactions per second but it has a network that is capable of peak capacity of somewhere around 50k transactions/sec.  Monthly billing on the first of the month are their regular peak days, along with black Friday and cyber Monday.  Bitcoin is currently light years from that level of capacity.  Potentially the entire backbone of the internet would need upgrading to handle that level of transaction volume, I'm no expert on that.

As far as Theymos goes, I do not know him at all.  I know he owns this website and that he moderates the /r/bitcoin sub on reddit.  He is free to do so any way he wants, for any reason he wants.  Just as I would kick a person out of my home or business for doing certain things, he is free to express his point of view -- including by moderating or banning anyone or anything he wants.  This is his website, and while I doubt he owns reddit, they have delegated certain authorities to him there in the /r/bitcoin sub.  Every post I have ever read from him on here, in my view, reflects a person that is an enthusiast about Bitcoin and that wants to keep visitors to this website informed with reliable information, such as he did during the Bitcoin cash fork.  He undoubtedly incurs significant expense and time in maintaining this site and we are all his guests when we visit it.  If you don't like that, it's pretty easy to set up your own website.

Visit https://www.btric.org to learn more about Blockchain Technology Research Innovations Corporation, a 501(c)(3) public charity devoted to incubating projects that help bring about the Decentralization Revolution!
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