Post
Topic
Board Bitcoin Discussion
Re: segwit2x
by
acyclic
on 25/09/2017, 21:40:05 UTC
Or is their another form of "money" other than exchanges that the miners will be influenced by?

Users and buyers?

As a group they can't be consulted or cajoled or second guessed. They also have the power to completely destroy everything. They should not be fucked with yet it's happening gaily.

I would not use or buy a Bitcoin that wasn't overseen by competent developers. Core are passive aggressive penises but they're also the best in the business.

I wouldn't mind at all if another group came along that proved they had what it takes. Nothing's come close so far.

All of this posturing is completely ignoring the one group that actually gave the entire thing a penny of value. I haven't got a clue how many people feel similarly, but 2X is a needless risk and no one's going to have much confidence in something that reckless.

Buyers sure like to buy coins from exchanges I think. I understand localbitcoin and other peer to peer but I thought exchanges were pretty key.
Users sure like to buy stuff from companies that use outsource mechanisms like Bitpay that are indicating (against pushback) that they will follow the majority hash chain.

I understand that you may stop using Bitcoin after the Segwit2xpocolus. But if it the Miners don't bail, that tons of normal users and buyers will still use the exchanges and the merchants with Bitpay and the like. Most of them won't even notice.

I doubt any other group is going to show up on short notice and prove sufficiently meritorious to you  Smiley

Fully agree with the amazing work that Core has done - much of it mindnumbingly beautiful.  But am also trying to suss out a realistic future.
Also would much personally prefer a solution where core, the exchanges, and the miners could agree on scaling but I don't always get my wishes.

Finally -> Users and Buyers power to destroy everything is a very interesting observation.  I have heard it alleged but I think that if the miners have solid peer to peer networking in place and the exchanges also peer directly with miners in this network that it would be hard to disrupt but alas there may be an angle that I am missing.