A short answer what has happened in the "Bitcoin" ecosystem since Satoshi presented his "Genesis Block" (the Message there some should look up once again^^):
- a scaling debate at "Bitcoin" did happen, and Gavin (the inheritor of the "Bitcoin" github from Satoshi) got demoted, CSW involved
- so Block[the]stream® took over BTC "development" [successfull hijack event]
- in the ongoing Scaling debates there were attempts to unite the "Bitcoin" community behind the so called "Honkong" and "NewYork Agreements" which introduced the B2X project, lead by Jeff Garzik, a well respected Linux Kernel developer - B2X simply meant rising BTC blocksize to 2MB and activating SegWit, the votings from the miners were at 93% back than (called Nakamoto Consensus)
- then, all of a sudden a campain started to prevent the B2X Compromise, fueling the so called UASF (User activated Soft Fork) with the intention to stop growth of "Bitcoin" - that succeeded !
- as a consequence some big players in the eco system started the Idea of UAHF (User Activated Hard Fork - this Power needs Miners, not Social Media [PoSM] to preserve Satoshis SegWitFree blockchain, removing RBF Source of Error and raising blocksize to 8 MB in first step, maintainer of that Idea was Amaury (we get back to him later) - CSW NOT involved !
- so in Aug. 2017 some Forces forked BTC to BCC (Bit Coin Cash) - none of the major players did ever hear from BitConneCt - successfully preserving Satoshis SegWitFree blockchain, we still do call it Bitcoin Cash these days, with the (actual) ticker symbol BCH
- we did this while many nowadays blamed for individuals still believed into B2X to happen ^^
- of course any open source project like Bitcoin or Linux (BCH still free) suffers from missing (or achiving) "Leadership", and when Egomania rises above Love to the Project, this might lead to other (intended to weaken ? ) Forks, as the following:
- BSV was forked from BCH (v17.x abc) by CSW (he said there will be no split) to enforce his private closed source data center based private chain [of course he refused replay protection, and his nodes are still "aggressive"], he called "Satoshis Vision", while I do feel to be stolen from "that nomencaltura" by him, me telling all about since we forked in 2017
- BCHabc was forked from BCHabc v22.x because Amaury was seeking a rent paying the community and the old forces did not tolerate
So Bitcoin Cash is still Bitcoin like it was in 2013, and it has proven to be decentralized (starts at the development in open source) and proven censorship resistant, defending that many hijack attempts .
Somehow that makes me bullish long term, no matter what flat earth propaganda and printed Tethers "value" do imply .
1
No comments:
Post a Comment