Bitcoin Core / Blockstream is not the problem - Bitcoin Forex Loans Insurance Busines

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Monday, October 2, 2017

Bitcoin Core / Blockstream is not the problem

I have wondered why I give so much importance to the matter of the size of the blocks , if anyway we have progressed and continue to progress despite persistent conflict for that "little detail". It does not come increasing adoption of Bitcoin? Do not we have an increasingly vibrant ecosystem? Are not there thousands of wonderful things that are being constructed so the world Bitcoin? All this is true, but beware: without an adequate system of incentives , whatever is built on the basis of the chain of blocks will be as reliable as a house of cards.

There is nothing more important at this time to remind you, bitcoiners, the power they have over the fate of Bitcoin. Bitcoin was created by Satoshi Nakamoto precisely so that no group of enlightened can mess with our money. No matter if that group consists of elderly incontinent state service or idiot savants in the service of a company (if the company is not actually a figurehead of a government).
Predictability is crucial in a project whose ultimate purpose is to establish a universal currency. Therefore, it can be argued that the damage caused by Blockstream (the company that intends to profit at the expense of Bitcoin) is much deeper than those directly related to network congestion, though not as visible. How many investors and entrepreneurs have been putting off decisions until we see a clearer future? We'll never know exactly, but certainly are not few. It is normal for them to see with concern the spectacle of a bitter and deadlocked between the henchmen of Blockstream and the vast majority of users of Bitcoin discussion. We can not expect everyone to understand themechanisms governing a monetary system based on open source-and hence the reason why Bitcoin is immune to monopólico- Control -.
Without the maneuvers of Blockstream (introduction of obstacles to be overcome willeventually pay for, defamation developers do not align with their interests, censorship of the opposition in the forums; DDoS attacks against companies and dissident miners, etc.), price bitcoin today would probably be much higher; the investment required to maintain a node would, therefore, insignificant in bitcoins; the economy as a whole would be stronger, firmer confidence, the network effect more intense ... All of which wouldminimize the likelihood of a government attack not because of lack of interest in Bitcoin crippled but quite the opposite: the ubiquity of an increasingly stout Bitcoin.
The problem, however, is not Bitcoin Core (the Bitcoin client who has been kidnapped by Blockstream): this is nothing but a software that allows users to interact with the chain block. If Core brings more problems than solutions, we can dismiss it without giving any explanation, as we do with any other service that does not meet our expectations. The problem is that many believe that we need to clique Blockstream / Core to custodie attributes Bitcoin and decide who and how they can use it.
Could not be farther from the truth. Bitcoin only maintains its properties intrinsically valuable (opening, resistance to inflation and arbitrary censorship, independence of monetary surrogates) precisely because the software can not be controlled by any monopolistic entity . So we spread the truth, put in evidence the intentions of the Blockstream boys, the obvious conflict of interest never recognized by them, aspiring to commit fraud and its strategies to carry it out; disclose the abuses, corruption and incompetence of Blockstream ... It is important to do, but us not be content with just that, because there is something even more important: to encourage the use of alternatives to what they presented as the only option.
Bitcoin will survive this attack -has been specifically designed to resistirlo-. What's more Blockstream very well could be doing us a favor, unwittingly, to help catalyze thedecentralization of development of Bitcoin, and thus to strengthen its weakest flank. In any case, we must prepare for the backlash, because no one gives up a space of power without a fight, especially if you 've invested tens of millions of dollars to get it .
Recall that Blockstream has not invested in the future of Bitcoin- the price of bitcoin he has not carefully but in its own walled garden . The diversion of the value of Bitcoin into its coffers is a strategy that at this stage not going to give the boys Blockstream No can do so without antagonizing a group of increasingly anxious and prone to making investors uncomfortable questions, such as "When we start making money?" -. And no matter if Bitcoin is destroyed in the process; in fact his vision requires the destruction of Bitcoin as it was designed by Satoshi Nakamoto.
And in 2011 I found it important to provide the red pill Bitcoin who were trapped in the matrix of fiat money, today I think is fundamental to wake the bitcoiners that confused Bitcoin Core with Bitcoin, and remind them that there are alternatives respectful of thevision of Satoshi Nakamoto .