Post
Topic
Board Bitcoin Discussion
Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud)
by
erik777
on 22/09/2015, 01:09:15 UTC
Really?  The problem is overgeneralising on abstracts, instead of the realistic truth that Hearn has for years proposed ideas that are a risk to Bitcoin.  What pro-XT posters have proven is how easy it is for people to believe in a person and his fork who is so potentially destructive to Bitcoin.  

The problem with idealism in abstracts is it doesn't predict tyrants.  I'd bet if XT garnered 75% of nodes, you'd see the one of two possible scenarios:

Scenario #1

1> Bitcoin becomes centralized (the protocol) via trusted nodes.
2> Bitcoin uses checkpoints to prevent another hostile takeover like its own.
3> Bitcoin replaces anonymity with identity requirements (passports).
4> Bitcoin loses fungibility in favor of tainted coins, red lists, black lists, and white lists.  
5> Due to #1-4, it would be hard to use any other implementation.

Scenario #2

Bitcoin self-destructs in the process of scenario #1 being rejected by the masses.

The "benevolent dictator" will become a billionaire in scenario #1.  He has so much to gain in scenario #1, scenario #2 is worth the risk to him.
There is nothing backing up what you are saying here, this is just conjecture.

"In mathematics, a conjecture is a conclusion or proposition based on incomplete information, but for which no proof has been found.[1][2] Conjectures such as the Riemann hypothesis (still a conjecture) or Fermat's Last Theorem (now proven, while has been called, Fermat's conjecture) have shaped much of mathematical history as new areas of mathematics are developed in order to solve them." (wikipedia)

How on earth do you apply the term "conjecture" to discussion about future possibilities? 

As for the benevolent dictator's past proposals, definitely not conjecture. E.g.,

https://bitcointalk.org/index.php?topic=333824.0