Does anyone think Bitcoin wont get attacked? Or Bitcoin hasn't been attacked?
Does anyone here think attackers of Bitcoin would use media or social-media ("community" urgency)?
People, please stay educated and be mindful of software you are supporting to run a full node.
Although altcoins of XT, Bitcoin Unlimited, Bitcoin Cash, etc have failed to take-over real Bitcoin,
please don't be complacent with ramifications of future hard-forks.
From Chainalysis now Skry now Bloq now Segwit2x (Jeff Garzik):
Founded in 2014, Chainalysis is the leading provider of Anti-Money Laundering software for Bitcoin. With offices in New York and Copenhagen, we work with global financial institutions, like Barclays and Bitcoin exchanges to enable every stakeholder to assess risk in this new economy. credit: baronofbitcoin
Opens door for AML, easy identification, etc. Things so traditional authorities identify you, classify you, and shut you down, FREEZE YOUR ASSETS, lock you up. Just because they don't like you for not supporting the traditional Bank Swift network or a Bankchain.
From AdwokatDiabel (reddit):
...Core won't make software/nodes to support Segwit/2X. When they do push lightning, they will only focus on their chain. Everything for SW/2X is going to be done by the BTC1 team (Jeff Garzik).
At that rate, why not just abandon SegWit altogether and focus on BCC/BCH, and implement an alternative to SW like FlexTrans? Fire Core, right?
PSA: Beware of S2xGarzik-Coin hardfork (and similar failures ie Garzikcoin aka BIP 100, Bitcoin Unlimited)
These attacks of using "community" urgency have been relentless since
2015:
Bitcoin's consensus system and natural economic incentives PROTECT the real bitcoin.
Nothing bad happened after the BCC split, in fact the price increased and we even got free coins.
So I guess there will be nothing bad in a SegWit2x fork, and we will have more free coins to hold.
There certainly will be if the present percentage of miners pushes it through. Corecoin would have to change PoW to stand a chance of being usable. It would slow to a crawl if it lost that much mining power.
Bitfury is already having second thoughts about the New York Agreement. You will see the first mining camps start defecting from the agreement after segwit locks in.
In any case, it's irrelevant. Whales will dump on GarzikCoin, killing the price and thus forcing them to go back to mining the legacy chain. GarzikCoin doesn't stand a chance and will become another dumb altcoin, and everyone involved will be forever hated because they will be responsible of crashing the price in the middle of an all time high for no reason other than rushing a hardfork for an unnecessary blocksize increase while putting Jeff Garzik, someone that works in a blockchain spying tool, in charge.Repeated History: Reading references (emphasis mine);
http://www.contravex.com/2015/08/29/the-economics-of-sinking-garzikcoin-aka-bip-100/Adam T. says:
August 30, 2015 at 8:49 AM
“pre-emptive strike” — best characterization I’ve seen yet to describe the
odd feeling of urgency from certain parties.Reply
Pete Dushenski says:
August 30, 2015 at 10:11 AM
Odd indeed. Almost like these overgrown children seriously imagine that Bitcoin didn’t reach escape velocity 2.5 years ago and that they can rewrite history if only they obtain enough “consensus” on
social media. Must suck to think that’s how the world works.
Do people know why Bitcoin is worth over $70B (now) and aware of its system of consensus, and system of checks & balances between miners, nodes, developers and users/investors?
