Post
Topic
Board Bitcoin Discussion
Re: Fuck: SegWit, LN, Blockstream, Core, Adam Back, and GMazwell
by
iamnotback
on 27/03/2017, 20:11:27 UTC
FYI, I disagree with both of you regarding the idea that transaction volume is not essential to Bitcoin's growth because Bitcoin can function like gold.

I didn't make that argument. I'm building an altcoin with unlimited transaction scaling.

But BU will never get you there. All you do is enable the mining cartel to create a billion tokens out of thin air. GLHF (good luck, have fun). If they HF once, they HF what ever is in their interest in the future. You need to identify where the real power is. And it isn't with you all. It is the whales who will decide, whether you like it or not. That is the reality of the PoW. If you don't like it, find a different design that is not PoW.

So either the whales are for BU or they are for Core. And they will decide. I analyzed all the technical and economic game theory in great detail already. The Bitcoin whales have to choose small blocks, else they enable the mining cartel to HF to a billion tokens in the future. They will never allow this. BU will be destroyed if they attempt a HF. All of you who buy the BU token will end up bankrupt.

You've been warned. So don't cry later.