4 ms·

Why is the name Blockstream constantly popping up as a source of blame for BTC's issues? That seems to be a theme in the last day or two by the BCH proponents.

toomim 9y ago
Here's a historical explanation: https://www.reddit.com/r/BitcoinMarkets/comments/6rxw7k/informative_btc_vs_bch_articles/dl8v4lp/ https://www.reddit.com/r/BitcoinMarkets/comments/6rxw7k/info...
- mancerayder 9y ago
  I spent a bit of time reading this but I have to be honest, it's hard to know how true the post is, and the nuances are so specific it's not that interesting to someone not on one of those subreddits or dev team. What I got out of it: several groups of humans splintered. One side is accused of trying to sabotage the other. The other side denies it. I didn't pick up much of BTH's ramifactions from reading that, though. I guess you posted it to suggest that the increased blocksize isn't in Blockstream's best interests, and perhaps they played a role in militating against it.
  - toomim 9y ago
    Put simply: Bitcoin has split into two camps. Big blockers and small blockers. Blockstream is a small block company. Bitcoin Cash is a big block technology. So Bitcoin Cash and Blockstream are politically opposed.
makomk 9y ago
Blockstream is a company developing blockchain technologies that employs some of the Bitcoin Core developers and the main developer of the Lightning Network for off-chain transaction channels. (Bitcoin Core is the software usually used to run full Bitcoin nodes; it's basically Satoshi's original client, renamed to clarify that users don't have to choose it as their wallet back when running a full node started to become user-unfriendly.) It's become associated with a conspiracy theory that claims the entire Bitcoin Core development community, including the developers not employed by them, is plotting with the banking industry to sabotage on-chain Bitcoin in order to force everyone to use banks to transfer Bitcoins, basically.

toomim 9y ago

Here's a historical explanation: https://www.reddit.com/r/BitcoinMarkets/comments/6rxw7k/informative_btc_vs_bch_articles/dl8v4lp/ https://www.reddit.com/r/BitcoinMarkets/comments/6rxw7k/info...

mancerayder 9y ago
I spent a bit of time reading this but I have to be honest, it's hard to know how true the post is, and the nuances are so specific it's not that interesting to someone not on one of those subreddits or dev team. What I got out of it: several groups of humans splintered. One side is accused of trying to sabotage the other. The other side denies it. I didn't pick up much of BTH's ramifactions from reading that, though. I guess you posted it to suggest that the increased blocksize isn't in Blockstream's best interests, and perhaps they played a role in militating against it.
- toomim 9y ago
  Put simply: Bitcoin has split into two camps. Big blockers and small blockers. Blockstream is a small block company. Bitcoin Cash is a big block technology. So Bitcoin Cash and Blockstream are politically opposed.

makomk 9y ago

Blockstream is a company developing blockchain technologies that employs some of the Bitcoin Core developers and the main developer of the Lightning Network for off-chain transaction channels. (Bitcoin Core is the software usually used to run full Bitcoin nodes; it's basically Satoshi's original client, renamed to clarify that users don't have to choose it as their wallet back when running a full node started to become user-unfriendly.) It's become associated with a conspiracy theory that claims the entire Bitcoin Core development community, including the developers not employed by them, is plotting with the banking industry to sabotage on-chain Bitcoin in order to force everyone to use banks to transfer Bitcoins, basically.