Post
Topic
Board Bitcoin Discussion
Re: How is Bitcoin living up to Satoshi's original vision?
by
gentlemand
on 30/01/2020, 12:32:25 UTC
Putting that aside, everything they are doing and have done, is much more in line with the direction I thought Bitcoin would go.

I can see why the concept of BCH is popular with its believers. I absolutely cannot understand how any rational person can believe its actual implementation is anything other than a squirt of diarrhoea in Satoshi's face, let alone BSV which shoves him straight up its ruined guts.

It's massively centralised, has been 51% attacked, had incredibly amateurish features like emergency difficulty adjustment shoehorned in and an unknown corporation proposed taxing miners to pay for development. If you don't pay the tax your blocks get orphaned. It looks like that idea at least is now on the scrapheap.

Once again, they're sacrificing the stuff that really counts in pursuit of bells and whistles. If BTC could be cash without setting itself on fire it would. Right now that's not achievable while remaining intact. It has to remain intact to be developed further which is what's happening.

The first things to go in pursuit of flashiness are decentralisation and prudence. If you don't preserve them then everything that comes after winds up ultimately worthless. You may as well go back to Paypal.