Quote from: Sir Lagsalot on February 05, 2016, 09:04:13 PM

Quote from: sAt0sHiFanClub on February 05, 2016, 09:33:15 AM

Quote from: Sir Lagsalot on February 05, 2016, 09:12:15 AM

iCEBREAKER, sure it's all good. Was asking croTek4 why he quoted that line out of context, seems like he's implying something.

There's a lot of FUD swirling about Blockstream in this thread. I don't see any real conflicts of interest between their business model and Bitcoin's principles. They're under the spotlight when it comes to such things. If there were any real problems, we'd know.

Out of context? Seriously? Try reading the thread ( protip: start at the title) again and then come back to us.

Here is Manish Agarwal's full quote:

We believe that the blockchain technology has the potential to dramatically reshape the financial services landscape. The public blockchain is a key part of that, in my view. We are not that interested in the actual bitcoin as a currency, but the tech is the key.

Quoting only a part of someone's statements, particularly in a way which twists their intended meaning, is called quoting out of context. Pro-tip: stay calm and think things through when replying to people. If you let emotion cloud your reason, your responses may appear foolish.

AXA sees business advantage in the public blockchain so they're funding the premier experts in that technology. These experts will use that money to further develop Bitcoin, in ways which benefit all users.

What is there to be upset about? If you take off your Classic goggles for one minute, you'll see that this is a very promising development for Bitcoin!

How does the rest of the quote change anything? He is still saying that they dont want bitcoin the currency, just the ledger mechanism. Thats the point we are making - bitcoin is effectively being asset stripped in front of our eyes. The diminution of bitcoin from a real life currency that you can buy real things with to being little more than a pow stamp on a transaction will have enormous impact on the community - but very few realise the true implications of this.

I fail to see how you can honestly believe that this is a positive development for bitcoin and those who have invested both time and money in its evolution as a peer to peer cash system.

And dont believe for one minute that they will allow their money to be used "to benefit all users" - it will only benefit them. Most of the proposed changes to bitcoin have little to do with general utility, and everything to do with making it attractive to corporate users.