Post
Topic
Board Speculation
Re: Long term advance notice!
by
Traxo
on 24/08/2019, 00:09:47 UTC
Relaying response.

Quote from: Shelby Moore

Quote
Craig Wright has attempted to modify the protocol of Bitcoin, converting it into a fiat with centrally controlled block sizes.

Wow.   Try the opposite of this.

Restore original protocol
Blocksize decided by nobody but what the block-finding node is willing to risk

Quote correctly without deleting portions so that readers can search and find the original discussion:

Let me tell you a parable:

[…]

Our protagonist, who had been a principal in the mining collective, was aware of the negative aspects of this protocol change. He wished to fight against this abomination. Having divested himself of mining power, however, he was absolutely powerless to do anything about the situation.

Our protagonist Craig Wright (a scammer[1]) has attempted to modify the protocol of Bitcoin, converting it into a fiat with centrally controlled block sizes. Any reply you make has already been discussed upthread. You’ll just be beating a dead horse as there are no new arguments that can be made.

[…]

[1] https://www.reddit.com/r/btc/comments/9sexx0/craig_wright_actually_did_completely_original/
https://www.theblockcrypto.com/2019/06/15/craig-wright-sees-motion-to-compel-him-to-reveal-his-bitcoin-holdings-granted/

In that discussion (which preceded the post you quoted from), I had explained that BSV’s theory (of miner’s converging on an adaptive block size) is nonsense. Will never work. It only works if and while BSV mining is centralized.

Please do not reply to prior discussion and pretend that what you are writing wasn’t already refuted. That’s very disingenuous.


Although it isn't accurate to say "Craig Wright is doing it".  Plenty of people are "doing it", if Craig wasn't around there are many others who understand the real power of bitcoins, and all the things BTC did to remove that power.    Cool

Agreed. The SegWit attack is coming regardless if Craig’s group led the way.

Remember BSV is only a decoy. The legacy, immutable Bitcoin is what survives. Read this entire and the entire linked threads! Educate yourself.




Is the plan that this all starts happening in January 2020?

Seems like it, but I'd expect him to do whatever works out best to maximise value at the time.   He doesn't need to do that just to "tank BTC", it will do that itself eventually.

Incorrect. The SegWit attack will begin at the May 2020 Bitcoin halving. Read my prior post:

https://bitcointalk.org/index.php?topic=5147618.msg51584165#msg51584165

Remember BSV is only a decoy. The legacy, immutable Bitcoin is what survives. Read the entire thread!