Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official
by
BitcoinTangibleTrust
on 10/04/2014, 01:24:29 UTC
I am one of the unnamed core developers working with Adam Back on this project.

Hello Mark. Thanks for sharing. A few questions if that's okay?

1) There are rumors circulating that your group, including (AdamBack and AustinHill) have organized the miners to sign-up to agree to changes in bitcoinclient to allow this initiative to succeed. Will you be able to speak to exactly whether this is true or whether this will be just Luke-Jr's pool for now? Source: "Working with mining pools to discuss further utilization and expansion of merged mining" http://letstalkbitcoin.com/blockchain-2-0-let-a-thousand-chains-blossom/

2) This startup company that is backing this initiative (we heard that you are funded as well) to implement sidechains seems to essentially be the first time a company is influencing bitcoin core dev decision making, directly. Can you speak to the relationship between this company and the bitcoin coredevs involved in this project? Should we assume that the core devs are now giving preferential treatment to companies that want to advance their own bitcoin initiatives by paying core devs to work for them? This would seem to be a pivotal point in bitcoin's development cycle.

3) Lastly, if your startup company intends to profit from sidechain implementation, why should companies like mine trust you to allow us to build on these new chains? If you can now influence bitcoin development to your own company's interests, it seems that all sidechain capabilities will be built to advance your corporate interests first, above all other companies. The awesome opportunity with Counterparty is that the devs have created a simple, free, and fair protocol that does not put Counterparty's dev interests above the interests of startups building on their protocol. However, with Adam Back and Austin Hill creating a "for profit" company on bitcoin core and pushing their agenda (profit seeking which is okay) companies like mine now have new risk to consider with these new features. You are creator of this protocol feature and possibly our direct competitor, as well.

TL;DR: Are we seeing the commercialization of the bitcoin core devs with this new project to launch side-chains?

Thanks
BTT