jonald_fyookball



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Core dev leaves me neg feedback #abuse #political







LegendaryActivity: 1302Merit: 1002Core dev leaves me neg feedback #abuse #political is bitcoin being intentionally destroyed via divide and conquer tactics? March 28, 2017, 01:58:55 PM #1 Most Bitcoiners accept the fact that Bitcoin is a threat

to the 'banksters', the authoritarians, the statists, the

old establishment, traditional money transfer companies,

and it has many enemies, so it is not a huge leap of

the imagination to think some powerful group may

be trying to bring down Bitcoin.



Regardless of whether you support Core, or you support BU,

right now there is a situation where neither segwit or BU

is getting enough mining votes.



If this powerful (and well funded) outside group wanted to keep

us fighting with each other to cripple bitcoin, all they

would have to do is throw a little bit of money at some

cloud mining to ensure one side doesn't get too strong.

They'll keep us in a stalemate on purpose.



Even worse, they can continually re-invest the rewards

they make from mining, back into more mining. They

will not make a profit, as cloud mining is rarely profitable,

but they can get close to a 100% ROI (break even).



So it almost costs nothing except tying up a few million

bucks for a little while.



If this is indeed what is happening,

we will never scale using the current approach.



The only way is if all the big players just meet and

have an agreement, like "we're activating segwit now"

or "we're going to 8mb now".



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unamis76



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LegendaryActivity: 1498Merit: 1001 Re: is bitcoin being intentionally destroyed via divide and conquer tactics? March 28, 2017, 02:04:26 PM #2 I guess we will never know if there is a bigger power somehow pushing both sides in order to have a stalemate. Some say Blockstream is a big power for the Core side, and there might be or not be a big power on other sides.



However, in what regards users, I don't think there are divide and conquer tactics... We all know we'd lose with such tactics. I think that some people just don't want or can't broaden their knowledge and opinions, and only want to see their side... I assume most of them do this unintentionally. At least this is what I'd like to believe.

manselr



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LegendaryActivity: 868Merit: 1001 Re: is bitcoin being intentionally destroyed via divide and conquer tactics? March 28, 2017, 02:06:11 PM #3 How else can TPTB kill bitcoin other than divide and conquer?



They buy the miners and make them fight against the majority of nodes.



This causes a lot of tensions which push us to a HF. A HF to inferior buggy software by a "chief scientist" that is approving of a 51% attack on the other network (of the team that they pretend to keep leching code from)



The whole thing is insanity. This HAS to be an attack. No rational actors would jeopardize the whole project like this (while blocking the solution). Notice how the biggest twitter idiots (Roger, Falkvinge or whatever the one eyed guy is called) are all crying about how they can no longer make "safe 0 conf transactions". Those guys don't understand anything.

QuestionAuthority



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Activity: 2156

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You lead and I'll watch you walk away.







LegendaryActivity: 2156Merit: 1391You lead and I'll watch you walk away. Re: is bitcoin being intentionally destroyed via divide and conquer tactics? March 28, 2017, 02:37:25 PM #7 Quote from: jonald_fyookball on March 28, 2017, 01:58:55 PM Most Bitcoiners accept the fact that Bitcoin is a threat

to the 'banksters', the authoritarians, the statists, the

old establishment, traditional money transfer companies,

and it has many enemies, so it is not a huge leap of

the imagination to think some powerful group may

be trying to bring down Bitcoin.



Regardless of whether you support Core, or you support BU,

right now there is a situation where neither segwit or BU

is getting enough mining votes.



If this powerful (and well funded) outside group wanted to keep

us fighting with each other to cripple bitcoin, all they

would have to do is throw a little bit of money at some

cloud mining to ensure one side doesn't get too strong.

They'll keep us in a stalemate on purpose.



Even worse, they can continually re-invest the rewards

they make from mining, back into more mining. They

will not make a profit, as cloud mining is rarely profitable,

but they can get close to a 100% ROI (break even).



So it almost costs nothing except tying up a few million

bucks for a little while.



If this is indeed what is happening,

we will never scale using the current approach.



The only way is if all the big players just meet and

have an agreement, like "we're activating segwit now"

or "we're going to 8mb now".







What is this great threat? Circle can send money worldwide for less than bitcoin and uses the current banking establishment. Bitcoin has now proven it's completely incapable of handling even one - one thousandth of the transactions that flow through the ACH/EFT system every day. The New York BitLicense has proven governments can completely wipe bitcoin out of a market with the swift stroke of a pen. Transaction fees are now so high (and will go higher with every reward drop) that "traditional money transfer companies" are looking like a good deal again. Paperless contracts and data storage are looking like the best use of bitcoin (other than a day traders or scammers wet dream), why would the current banking establishment want to kill something that helps them out?



There's no evil outside influence attempting to kill bitcoin. All the little Nancy Mary liberal fucktards and bitcoin profiteers are doing a fine job of that all on their own. What is this great threat? Circle can send money worldwide for less than bitcoin and uses the current banking establishment. Bitcoin has now proven it's completely incapable of handling even one - one thousandth of the transactions that flow through the ACH/EFT system every day. The New York BitLicense has proven governments can completely wipe bitcoin out of a market with the swift stroke of a pen. Transaction fees are now so high (and will go higher with every reward drop) that "traditional money transfer companies" are looking like a good deal again. Paperless contracts and data storage are looking like the best use of bitcoin (other than a day traders or scammers wet dream), why would the current banking establishment want to kill something that helps them out?There's no evil outside influence attempting to kill bitcoin. All the little Nancy Mary liberal fucktards and bitcoin profiteers are doing a fine job of that all on their own. The merit system isnt working. Read this thread to see why.



thejaytiesto



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Activity: 1358

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LegendaryActivity: 1358Merit: 1004 Re: is bitcoin being intentionally destroyed via divide and conquer tactics? March 28, 2017, 02:45:37 PM #9 Bitcoin can never be a mainstream currency unless you want maximum regulations to be applied to it. Do we really want that?



If we don't, then we admit we are pirates, and we will need the network to be decentralized, which means that the nodes must be accessible for the average joe, which means if the blocksize is too big we are fucked.

thejaytiesto



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Activity: 1358

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LegendaryActivity: 1358Merit: 1004 Re: is bitcoin being intentionally destroyed via divide and conquer tactics? March 28, 2017, 03:00:56 PM #12 Quote from: jonald_fyookball on March 28, 2017, 02:56:30 PM Quote from: thejaytiesto on March 28, 2017, 02:45:37 PM Bitcoin can never be a mainstream currency unless you want maximum regulations to be applied to it. Do we really want that?



If we don't, then we admit we are pirates, and we will need the network to be decentralized, which means that the nodes must be accessible for the average joe, which means if the blocksize is too big we are fucked.



Then what's the fucking point of all this? To just sit here and be cryptonerds?

How is Bitcoin going to be a great investment, or make the world a better place if its not going mainstream?

Then what's the fucking point of all this? To just sit here and be cryptonerds?How is Bitcoin going to be a great investment, or make the world a better place if its not going mainstream?

Is gold mainstream (in terms of used as a currency?)

Does the fact that it isn't, make it a bad investment? (and with bitcoin, all things equal, the marketcap is so small that it's the same as getting in the gold rush at the beginning).

Is bitcoin insanely more convenient to use to move wealth in big distances than gold?



Please think. Is gold mainstream (in terms of used as a currency?)Does the fact that it isn't, make it a bad investment? (and with bitcoin, all things equal, the marketcap is so small that it's the same as getting in the gold rush at the beginning).Is bitcoin insanely more convenient to use to move wealth in big distances than gold?Please think.

hilariousandco

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Global ModeratorLegendaryActivity: 2478Merit: 1835Join the world-leading crypto sportsbook NOW! Re: is bitcoin being intentionally destroyed via divide and conquer tactics? March 28, 2017, 03:46:17 PM #16 I don't think it's being 'intentionally destroyed' but it's an obvious attempt at a power grab and I think the whole debacle could seriously damage bitcoin as a brand and put progress back several years. Money and greed ruin everything at the end of the day. Happens all the time in sports when businessmen get involved and they don't have the best interests of the team but want to maximise their power for their own profits. The block debate is just the same. The big businesses and miners obviously want whatever they think is going to give them more power to control bitcoin and they will make these decisions on not what is best for bitcoin but what will lead to more profits for them. Sad really but it's to be expected.