Please hear this out if you care about the ideals behind bitcoin.
Coinbase is now a billion dollar corporation. They essentially have a monopoly over the easy onramp for new adoption of crypto currency.
They also have an opportunity now in this confusion over segwit and blocksize to make a very important power grab. They are unwavering in their support for 2x because they know this is their chance. Not because they think a very mild blocksize increase and dumping the developers that got bitcoin this far is some how a wise move.
No. They know they can control what is called bitcoin to new adopters that dont understand the complex drama that has happened over the past year. They know they can use garzick as a pawn and a mouthpiece for some developers that they hire behind the scenes.
We are literally about to give the future bank the keys to the development of the future currency. I know this might sound like a conspiracy, but this is what is happening. Coinbase and whoever else they are working with are about to hijack bitcoin.
Make no mistake. Bitcoin is about to experience massive adoption. And the bitcoin that coinbase calls bitcoin is the one people will buy. They are going to be able to add a super simplistic extremely mild adjustment to blocksize and label it bitcoin and control its development from here out. The average person will buy it without thinking twice.
The most awesome thing about cyptocurrency is its decentralization. Coinbase is making a play that will severely screw that up.
This is not a meritocricy when vast sums of money and power come in to play. This is political now.
I know everyone wants to believe the best code will win, but thats not how politics and the power of money works. These people have enough money and enough power through being the onramp for the general public to take over. They dont need the best code. They are partnered with banks. No one else has that. They have the power and they can put their own puppet coin in the hot seat.
I really hope people start understanding whats happening and why its way more serious than just a hard fork like bcash.
This is real power trying to take over bitcoin. Coinbase holds hands and place nicely with banks and the US government. There is a reason for that.
This is not a simple hardfork. This is the chance powerful entities take a shot at controlling the financial system before it runs away.
Please think logically about this. A 2mb hardfork is so simple borderline silly to do at this point. A hard fork expiriement should be bold. Not frivolous. It is being done because it is almost no change. But can be turned into the real bitcoin by the people that support it.
Its really important we are vigalante to this.
Mark my words here. There is a really good chance coinbase is going to call 2x bitcoin and that will make it the new bitcoin.. It will be the coin new users buy. Miners will move to the more expensive coin. And core devs and nerds that understand the beautiful power of a true crypto wont matter.
Think of politics. Are the masses picking the best leaders?? or are they just going with whatever is presented to them.. Thats whats about to happen. We are gonna get a puppet coin that will develop in whatever way some corporation and whoever its in bed with wants it to develop.
I really hope im wrong. But i also really want people to be on the look out for this because I think this is a pivotal part of history.
Its also the only reason I can think of for coinbase to be adamantly in support for such a minuscule change being rushed out like this.
Seriously... why not wait to see how segwit plays out for 6 months to a year. Then let the devs that got us this far make a plan for blocksize increase along with other adjustments for a well planned out hard fork.
Instead you rush this out and feed it to the new adopters on the easiest on ramp into crypto. You do that for a reason.