Post
Topic
Board Bitcoin Discussion
Wait a minute! Is Bitcoin about to be hijacked ?
by
coinmore_org
on 15/07/2017, 17:35:36 UTC
*For the record. This is NOT a FUD spreading post*

I just got all the angles on the whole Bitcoin scaling debacle. So am i right in thinking there are 2 "main camps" (The UASF population and the Segwitx2 group/corporation). The UASF guys are going to implement BIP148 on Aug 1st however the Segwitx2 group is planning a pre-emptive strike, which is to sneak in this Segwitx2 code (which possibly maybe very buggy as its a rushed piece of code and it hasnt got the Core devs working on it, BTW the core guys kept this whole Bitcoin thingy going for the last 7-8 yrs without any major hacks or flaws). Back to the point, if the Segwitx2 guys activate the Segwitx2 code it means segwit will activate via a buggy code which threatens to force a block increase in a few months which will then prevent or make it difficult for normal people to download the bitcoin blockchain as it will use up too much computer memory. Again back to the point, if segwit activates via this Segwitx2 code, then the BIP148 will be pointless because it will ONLY reject non segwit blocks however the blocks will be "segwit blocks" so BIP148 will accept the blocks because segwit would have been activated although it would be activated through this buggy Segwitx2 code.

So to finalize, Bitcoin will have segwit BUT not organically. It will upgrade via a risky piece of code (segwitx2 code) and whats worse is that the Core Devs will be shunned and banished from the Bitcoin protocol. And whats even worse still, the other part of the deal (the "x2" part of the segwitx2) will push Bitcoin through a HARDFORK in Novemeber to force a blocksize increase. By the way the Segwitx2 code is not a code produced by the best guys in this field (the core devs), its infact produced by some other guys who are being backed by some guys from the far east and some guys who own some of the big bitcoin businesses (all these guys may all have a common agenda).

From what i have gathered, Bitcoin will be hijacked by these "guys" BEFORE August 1st and August 1st is nothing but a smoke screen and by then Bitcoin would have swallowed the poision pill which is segwitx2.

I for one want Bitcoin to remain the same as it is RIGHT NOW. The "status quo Bitcoin" is SAFE and in time we can all come together with a better plan to scale Bitcoin SAFELY. And who knows Mr Satoshi might even reappear and guide us all. Jk.