Quote from: Wind_FURY on February 01, 2024, 03:24:37 PM

Quote from: takuma sato on February 01, 2024, 04:34:53 AM

Quote from: Wind_FURY on January 30, 2024, 08:05:38 PM

Quote from: LoyceV on January 30, 2024, 08:40:07 AM

Quote from: Wind_FURY on January 30, 2024, 08:05:13 AM

They are their own entity giving themselves the power to consider which fork will be "Bitcoin". They can use that to start a hash war in my opinion.

If they get away with that (after numerous lawsuits), they don't need to start a hash war. They can just sell the "not Bitcoin" they own, and if that happens to be the most valuable chain, it's pure profit for them.

But that's actually the problem, isn't it. The Cabal probably WANTS to start a hash war in order to make their fork "officially" the "real fork". They won't only need the miners, they will need the support of Bitcoin services like Coinbase, some influential community members, and the support of at least one Bitcoin Core developer.

- We should probably be suspicious if BlackRock starts donating money/giving grants for Bitcoin's development. Open source development of the biggest decentralized money network + donations/grants to the developers should probably not happen?

Also notice that Coinbase is conveniently the custodian of everyone involved, except a very few ones that are self custodian. The rest is just a big single point of failure called Coinbase, basically, US government, since Brian Armstrong will do whatever the US government does in order to stay in business. You aren't going to get anywhere without their approval. This is not great for BTC in terms of decentralization. I guess other nation states will eventually jump in and the different agendas between parties will allow for some macro decentralization where they aren't all on the same page. This would split BTC into different coins for different states and the outcome is not predictable. Im hoping the community of individual holders will not align with any of these and dump on their chains when they receive their split.

I believe not. He's merely a CEO who's forced to conform to the rules of the country where Coinbase is located. Wouldn't you as a CEO would like to make your business more compliant? That's absolutely understandable in my opinion.

BUT what Brian Armstrong actually did was support Bitcoin XT, https://medium.com/the-coinbase-blog/scaling-bitcoin-the-great-block-size-debate-d2cba9021db0

Which, tin-foil hats on, he probably thought he could manipulate Gavin Andersen because he will never have any opportunity to manipulate the Core Developers.

He also expressed his disapproval of the Core Developers before, saying that they are the biggest systemic risk for Bitcoin, https://medium.com/the-coinbase-blog/what-happened-at-the-satoshi-roundtable-6c11a10d8cdf#.qaggpgms9

He also gave his support for Bitcoin Classic, https://bitcoinwiki.org/wiki/bitcoin-classic

Bitcoin XT, Bitcoin Classic, Bitcoin Cash - before it became an altcoin - were actual attacks on the Bitcoin network, socially, philosophically and most importantly technically. They wanted to take control, fork Bitcoin, and leave the Core Developers behind. I believe that's their real agenda.

I remember that, Gavin said Mike Hearn would be the benevolent of Bitcoin XT:

https://coinjournal.net/news/gavin-andresen-mike-hearn-will-be-the-benevolent-dictator-of-bitcoinxt/

I think Barry Silbert was always on board with some hardfork business at some point, which is now selling his coins to Blackrock basically with the Grayscale outflows going to Larry Fink. I think this will end up in another hardfork battle between ETFs, and Fidelity may be the only one to be trusted (if I were to trust one, which I don't).