Bitcoin Foundation trying to kill Bitcoin? BTC to be called XBT, other changes

[TaunSew]

https://bitcoinfoundation.org/press-releases/press-release-october-7-2014-bitcoin-foundation-financial-standards-working-group-leads-the-way-for-mainstream-bitcoin-adoption-2/


The allegations I read on other websites is they effectively they want to hard fork Bitcoin and make 1 Bitcoin = 1,000,000 Bitcoin and change the symbol to XBT.  There's also allegations that they will be screwing with the public ledger and gifting themselves and their friends free coins.

I saw this being discussed on other websites, so why isn't it being discussed here?  

[TaunSew]

I saw this being discussed on a non-Bitcoin forum, so it could be FUD by them.  Still it's frightening that there's a chance that they are radically overhauling Bitcoin and apparently they can get away with this (what happened to BTC being decentralized?)

[Foxpup]

https://bitcoinfoundation.org/press-releases/press-release-october-7-2014-bitcoin-foundation-financial-standards-working-group-leads-the-way-for-mainstream-bitcoin-adoption-2/


Effectively they want to hard fork Bitcoin and make 1 Bitcoin = 1,000,000 Bitcoin and change the symbol to XBT.  They are also supposedly creating new coins out of thin air and gifting them to insider friends.

I saw this being discussed on other websites, so why isn't it being discussed here?  Seems like the Bitcoin foundation are forcing through changes that could severely backfire.

Reading comprehension fail. They merely propose calling using XBT to refer to µBTC. There is no hard fork, nor are they creating coins out of thin air to give to themselves or anyone else (neither of which they actually have the power to do in the first place).

[jabo38]

The official code for international trading is XBT. It has to start with an "X" for it to be traded on regulated exchanges. That's why exchanges like Kraken call it XBT. They are in full compliance with US law and have totally lawyered up.

[TaunSew]

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