Bitcoin Fork: If you do not understand, you lose - Bitcoin Forex Loans Insurance Busines

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Saturday, September 30, 2017

Bitcoin Fork: If you do not understand, you lose

after the last attempt to Blockstream / Core to impose their agenda to the miners, we wondered ... what now? Our predictions have never included precise dates, because they are not based on the position of the stars or the viscera of some poor animal, but in understanding the powerful incentives economic that run a Bitcoin. With such modest background, this is what we dared to anticipate - and then place we see that we are not far from successful in all those pronósticos-:

What awaits us is quite predictable:

• Blockstream renewed efforts to spread fear and uncertainty ( "Blockstream or chaos").

• Attacks systematic to any company or individual who is not aligned with the interests of Blockstream.

• Reinforcement of censorship in controlled Blockstream forums.

• Panic induced by misinformation of mass media: " Is to Bitcoin? ".

• New opportunity to shake weak hands.

• Implosion of Blockstream.

• The characters toxic , ignorant, incompetent and dictatorial that had gathered and maintained Blockstream be dedicated to destroy another project open source , which will unleash the potential of Bitcoin.

• Without the heavy burden of Blockstream, Bitcoin will finally take off towards its manifest destiny : the moon.

Patience then. Blockstream fall and did not regret it ; but we will give a proper burial. At the end of the day , it is thanks to this nefarious organization that we know what Bitcoin is able to digest .

Bitcoin was created with a fundamental purpose in mind: to prevent monopolization of the institution currency. And so we can free ourselves from those who aspire to become central planners, Bitcoin puts in our hands a mechanism for resolving disputes very simple, very effective, and impossible to circumvent: the fork - and the protection of the resulting string through " consensus Nakamoto . "-

Today, the fork is necessary for the survival of Bitcoin because Blockstream / Core has declared war on the market, but note that once removed this organization - an ecosystem once different implementations support the consensus emerging (as they already do Bitcoin Unlimited , Bitcoin Classic and others) - there will be no need for controversial forks in order to increase the size of the blocks or incorporate any other essential update for safeguarding monetary properties of Bitcoin.

Bitcoin Unlimited (BU) not fire, per se, one fork; BU only allows adjustment of certain parameters Core strives to set considering only the interests of Blockstream . In fact, if all clients that support mining adopt decentralized consensus, the fork would not be necessary. Core strictly speaking is that, by rejecting the basic principles of the white paper Bitcoin insists isolated in their own unusable chain; and ironically will be the Core Team which will be forced to trigger a fork to protect the computing power that opposes the project (read: he favors the success of Bitcoin).

Note also that if in the future the BU team, or any other implementation of Bitcoin, give him back the market-rather than servirle-, would suffer the same fate as Core but without much formality, since we will have by then learned that market players can not be silenced indefinitely in Bitcoinlandia (even with a virtually unlimited service computer attacks financing, corruption developers, buying media for conversion into bodies of incessant propaganda, forums for conversion hermetically sealed chambers echoes of exchanges, etc, among other dishonest and immoral maneuvers would expect from the masters of money fiat ).

Now that the miners have awakened , the boys Blockstream them no choice but to leave your comfort zone and face reality. Be used to automatically hands applause connected washed brains and newcomers repeat their nonsense as if they were manthras - accustomed as they are to protect against uncomfortable arguments by an apparatus censorship envy himself Kim Jong Un-, the Blockstream boys they have entered the final stage of his nervous breakdown .

In desperation, have rushed to organize meetings with exchanges for its moribund chain is recognized as the only true (regardless of computing power to support it ), have threatened to sue callers "Bitcoin" to any project is not that of Blockstream / Core, and have even proposed changes to the algorithm work test to ignore the miners who do not submit to the demands of Blockstream / Core.

Clearly still do not understand how Bitcoin works . They continue to ignore the economic incentives that force miners to align with the market if they want to work at a loss to spoil all your hardware investment. Nakamoto continue to ignore the consensus- the only known solution to the problem of Byzantine general , and therefore the problem of the centralized control of the emission of coin.

They not surprisingly surround themselves with lawyers; to attack the miners to do what they are supposed to do (pursue their own economic interest); seeking to leverage the code to suckle dollars "venture capitalists" even more disoriented than they; attempting to close agreements harmful to everyone but secretly Blockstream market; they are allied with the banking industry to introduce problems in Bitcoin only they would be able to "fix"; to guide a mob of economic illiterates, impressionable young rookies and dim - witted to a crusade to defend the spirit of Bitcoin , which they, of course, encarnan-.

Unfortunately for boys Blockstream that same emotional immaturity That difficulty admitting that they do not have the same control- and economic illiteracy That inability to understand what made off and increase the value of Bitcoin- has kept them outside Bitcoin as investment, and sink further into poverty after the fork. Bitcoin does not forgive ignorance and ineptitude; It pushes so ignorant and inept to give his wealth to those who are not .

Unfortunately for Blockstream boys, no fastest way to lose influence on Bitcoinlandia falling into poverty induced economic illiteracy manner. They and their flock of useful idiots have been exposed and grouped, so that now we can easily identify those who are unable to understand how Bitcoin works. This will be very useful in the future, when they come to tell us -because come, I assured her that Bitcoin is broken and we need them to repair it .

Do not let yourself be distracted by the turmoil; Bitcoin is breaking free of an existential threat to the instruments Satoshi Nakamoto has provided . What did you expect? What allowed the spread of this cancer until it reached a terminal stage? You do not know the story of Mr. Bitcoin ?

Enjoy the last gasps of Blockstream; their attempts to impose by political means will be as entertaining as the most exquisite of sitcoms.