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RE: Blockstream Running Hit Pieces in Fortune against Bitcoin(cash)

in #bitcoin7 years ago

It's convenient that @lily-da-vine gives us the scoop that the article is from Blockstream... The article had the decency to mention at the bottom that the author is an officer at Blockstream, but some valuable context is that Blockstream are the makers of segwit, which is the fork Bitcoin Cash was created to rescue Bitcoin from. So yeah, no potential bias there.

I say "rescue" here because segwit isn't Bitcoin. The purpose and effect of segwit is to hollow out Bitcoin leaving an empty but recognizable husk. It's like one of those parasites that takes control of its host's brain: it'll keep acting like Bitcoin for a little while, but the way is paved to get rid of everything that made Bitcoin interesting.

Icymi, I wrote about that here.

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Dunno if you've seen this yet but also worth checking Professor X's recent video blogs on his thoughts on what the consequences will be if we don't HF to bigger blocks. https://www.youtube.com/user/ryanxcharles/videos

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