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> Its decentralized nature means it's not part of any system That... isn't true. The bitcoin blockchain is distributed, but the last two years have functionall
by zanny 10y ago
> Its decentralized nature means it's not part of any system
That... isn't true. The bitcoin blockchain is distributed, but the last two years have functionally proven that bitcoin core IS bitcoin, and that implementation (most of whoms developers are employed by Blockstream) is centralized control by a corporate entity.
They can change what they want about bitcoin, and even after they force controversial tech already in tree like RBF or proposals like Segwit there has never been even close - by an order of magnitude - close to enough consensus to transition away from bitcoin core by replacing it as the majority client, and thus the implementation that controls the blockchain - the implementation that controls the protocol.
That is where I lost faith in the bitcoin dream. It started out as a project of idealists but has turned in large part into a for profit venture to create a large exploitable fee machine for black market trading sites.
Its replacement will require the diligence of its idealists to stay in charge and to not give the keys over to those whose objectives just involve profit.
- wyager 10y agoThe reason no one has countermanded the changes implemented in Bitcoin Core is that none of the changes have been unreasonable.
- pmorici 10y agoThe most recent so called "segwit" change set that core pushed out recently looks to have strong enough opposition to it that it will never activate and the Bitcoin Ultimate implementation has strong support among a vocal and growing group of users. I would be surprised if core holds the control it currently does in a year or two.
- xiphias 10y agoThe important thing is on the ,,vocal'' part. For a lot of us Bitcoin is working wonderfully, and we trust and respect the current leadership of Bitcoin Core a lot. Still, we have other things to do in our lives, so don't have time to argue with the vocal people who have one resource that we don't: time.
- benchaney 10y agoSegwit requires 95% miner support to pass. It isn't a good example of Blockstream having centralized control. I don't know as much about RBF adoption.
- Bombthecat 10y agoI for one, never thought bitcoins are something to free people or so. It always was and is something for big corps and people with a lot of money and states to cut costs and taxes. Whoever talked about freedom was delusional.
- kobeya 10y ago> and that implementation (most of whoms developers are employed by Blockstream) is centralized control by a corporate entity. This is false. The majority of development, measured by commits or lines of code or people or whatever is NOT Blockstream. If anyone holds that honor, MIT does, as the release manager, wallet manager, and network protocol manager all work for MIT DCI, and they plus Chaincode Labs combined have more contributions than Blockstream, to say nothing of the other developers. I'm afraid you've been taken in by a smear campaign.