Re: Segwit on Bitcoin has Failed , BTC Core has Lost , The Miners have Won
But Bitcoin Core does not care. They will run this out till November, no issue. They see BTC as a 'store of value' not a currency. So they really don't care
if the block size increases or not. Thus it is more of an issue to the miners. The bitcoin core people could care less as long as it acts as a store of value
and they keep control and the more the value of BTC goes up, the more entrenched they are that they are correct. Thus bitcoin core wins.
They have no real reason to do anything to increase block size, if they don't seem to care about mining
nor bitcoin being used as a currency. They are fine imho, just keeping it as a digital gold store of value and as such, keep the power to themselves.
Set/Win
if the block size increases or not. Thus it is more of an issue to the miners. The bitcoin core people could care less as long as it acts as a store of value
and they keep control and the more the value of BTC goes up, the more entrenched they are that they are correct. Thus bitcoin core wins.
They have no real reason to do anything to increase block size, if they don't seem to care about mining
nor bitcoin being used as a currency. They are fine imho, just keeping it as a digital gold store of value and as such, keep the power to themselves.
Set/Win
Segwit & LN are the Power Grap, if that fails then BTC Core fails.
Core refuses to update, there is nothing stopping the miners from updating BTC code and releasing it and taking future development away from the core team completely.
Yeah but I just see stalemate in the other direction with bitcoin core digging their heels in. So no way forward for either camp without comprise. Thus again imho bitcoin core
wins because they are perfectly happy with BTC price going up and current block size without the possibility of a hard fork.
Again if BTC continues to go up in a speculative manner and act as a store of value. From bitcoin core's point of view, anything that takes power away from China miners
is a good thing. They plan to just outlast mining imho. In 2018 80% of all coin will have been mined. Thus, if adoption happens and price is 2k plus....no one will be doing
NEW mining farms imho......thus miners will be cut off at the knees. AT that point, imho. if a combo of adoption and price pumps....better off just buying coin. Those in
mining can stick it out, but at that point more power will shift to bitcoin core. Again, may not work. But what I see, if I was bitcoin core. Set/Game/Match.
Seems WAY TO DELIBERATE NOT to compromise on bitcoin cores part. They have to have some angle they are working. (or think they do) Thus my guess from watching
this cluster from the bleachers.