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RE: r/bitcoin has gone full North Corea

in #bitcoin7 years ago

I do not think this will be a big problem.
Most likely Bitcoin SegWit solution is not going to be accepted and will crash sooner or later because of blatant mismanagement and corruption.
Investing in it will hurt you if you plan to stay there long term.
You could make some profits short term by gaming the abusive system, but that just makes you as bad as the people you criticize.

The prudent course of action is to keep your Bitcoins where they are and see if there are other parties who try to regulate or destroy the remnants of the original Bitcoin. I do not see how this is possible, however. A lot of people have a vested interest in the maintenance of the original Bitcoin; plus the cat is out of the bag anyway. Noone can stop its replication, in fact, other decentralized currencies are already on their way so that new decentralized non North Korean options are available to us regardless of what happens to Bitcoin.

Obviously, I think that the original Bitcoin is going to survive this, but there are going to be some tough times ahead of us. It was obvious from the beginning though, Bitcoin was and is a game changer and with its creation the rules of the game and the status quo have changed - leading to conflict.

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Bitcoin Cash is the original Bitcoin.

Neither are the original bitcoin. They're block structures are both different. 1MB vs 1MB + SegWit vs 8MB

Or you could say they're both the original Bitcoin - as they both started in 2009 technically.

But I guess BCH is closest to Satoshi's white paper

The original bitcoin had no blocksize limit. Not until version 3

I think there is no problem at all with blockchain size increase.
If you can't come up with a better solution do increase blockchain size, until you can create a better solution.

It's much better than a giant pile of shit like SegWit2x