Quote from: becoin on March 03, 2016, 06:44:36 PM

Quote from: TakeTheSkyRoad on March 03, 2016, 06:39:31 PM

Anyone else watching this unfold ?

https://np.reddit.com/r/technology/comments/48rac0/bitcoins_nightmare_scenario_has_come_to_pass/

Déjà vu. It is time for 'classic' altcoin fans to follow their 'XT' predecessors and ragequit.

You really didn't read it did you ?

This is the r/technology sub (no affiliation to classic/core/xt) with it's 5mill subscribed user base.

The current top voted post is this :

Quote

Tom_Hanks13 3571 points 7 hours ago

Except the nightmare is still unfolding. What was supposed to be a decentralized digital currency is now controlled by Core developers who are intentionally not allowing the block size limit to be raised. They are likely doing this because they have ties to the company Blockstream whose business model relies on people using their sidechain payment processor. By keeping the block size limited to 1MB they are effectively forcing bitcoin users to eventually use this payment processor. To date, blockstream has raised over $75M USD of venture capitalist funds.

What's worse is the moderators of /r/bitcoin are involved and are intentionally censoring content regarding the corruption. People have caught onto this censorship and are now flocking to /r/btc as an alternative. Users there are fighting to promote a fork in bitcoin called Bitcoin Classic which in the short term would raise the block size limit to 2MB.