Post
Topic
Board Bitcoin Discussion
Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud)
by
tvbcof
on 04/11/2015, 04:46:34 UTC

Yeah, the free market that doesn't want to be forced to use centralized services provided by the for profit Blockstream company. There is no shame to provide the permissionless blockchain to the world. The real shame is on those who want to cripple it for themselves.

The 'free market' doesn't exist on or for you free-shit-army welfare queens.  XT, on the other hand, will likely be giving you 'cash back' to make purchases using a favored app and/or mega-corp wallet service and you idiots will be capitalizing on it without an ounce of concern.  Have fun with it.  We who need a robust solution will be happily using Bitcoin and/or a reliable proxy in subordinate chains.

With respect to Coinbase and XT, I project a two-pronged attack:

  1) legal requirements for corporate vendors to use a 'safe' exchange (e.g., Coinbase) and

  2) A bunch of Franklin-style money pumped in from the banking system to jumpstart the 'new and improved' XT-like crypto.

For those of us who plan to XTaint our stash and will be looking for a buyer for the taint-split coins, Coinbase being the chosen entity will be greatly appreciated.  It's not like they could reject or de-value the XTainted coins if they are pretending to be on-board with XT after all.



LOL, remember Mike Hearn's proof of passport idea? That all miners need to have a valid passport.

Coinbase can shoot their business in the foot if they try to fork and it goes bad.

If I were on their board I'd be lobbying strongly to sell the company before getting roped into such a risky operation.  Of course nobody on the outside would have visibility into such a deal.

As for Mike's passport idea, I almost forgot about that one.  It's actually quite a challenge to keep up with all of his bad ideas.  Of course 'good' and 'bad' are in the eye of the beholder.  His activities have been pretty much universally good from the perspective of the established fiat banking system.