You seemed convinced before that Bitcoin would revert to 1x, what changed your mind on that?
I think I was perhaps putting too much weight on Trilema.coms million BTC influence. Rather now I am realizing that Trilema probably has to align themselves with other powerful groups such as Bitmain and Craig Wrights claimed mining cartel. Seems that a moderate increase in block size is not a protocol item that is an anathema to Trilema to the extent that SegWit is. But honestly I have not really tried to figure this out. Im just guessing.
Im not a 100% confident that there will even be a chain reorganization now. But Im probably just lulled to sleep by the illusion of SegWits dominance in the community of n00bs who think SegWit solves scaling and doesnt bastardize Bitcoins security model and Nash equilibrium consensus game theory in numerous ways.
Realpolitik (PoW is a plutocracy, big money decides, etc) aside, I have problems with this kind of attitude:
Its not about what I want in my dreams for a perfect nirvana, but about the reality. Rule by the mob is what you have in countries where the electricity and water doesnt stay turned on.
I find it very exciting. I would love to see so many people lose their BTC. It is a perfect way to teach people to stop disrespecting people who try to be helpful and who are knowledgeable.
Do you think most users are ideologues? Do you think punishing the ones who
are ideologues is worth this? Maybe regular users don't have
political power, but this level of not giving a shit about them on a personal level is baffling to me.
I dont think that people who dont even understand that the security model of Bitcoin was that miners cant steal Bitcoins for which they do not possess the private keys, can be trusted to have a vote. So to remove their vote, the whales may possibly take their BTC (or maybe not, well see).
It isnt like we didnt try over and over and over and over to explain to them. But they drooled over SegWit any way.
Im working on that altcoin for dummies. Perhaps they should head over to an altcoin where they belong.
Bitcoin will not scale for transaction volume until it becomes centralized. It will scale for whales until then. An oligarchy in control could decide to increase block size to any size needed. I think the fight for decentralization will remain for a while, so scaling block size may continue to be resisted for the time being.
I hope SegWit is killed else I will have to stop using Bitcoin! No way I will transact with that SegWit security hole that creates a pay to anyone booty for a mining cartel to steal.
I took a look at the logs and they seem to think that Craig Wright is a joke, same goes for Bitcoin Cash. They also think segwit2x is a joke or don't seem too concerned about anything of what is going on, so im not sure what the deal is.
They seem to be ok with just ignoring segwit transactions with the TRB software. I don't see how they could remove segwit from the main chain and I don't think they are going to align themselves with an altcoin.
I doubt they are just going to sit back and watch how Barry Shillbert kills the main chain so I suppose they are already working to stop NYA somehow (and obviously they probably talk about that privately). I just saw how f2pool is not even signaling intention anymore. So the famous "95% hashrate" is not the case anymore, it will be less. Enough to survive? well we'll see. I hope so because if 2x wins it's going to be a clusterfuck.
B2X futures on Bitfinex are tanking heavily if that is of any guidance.
1 B2X goes for 0.15 BTC right now.