Segregated Witness is an extreme departure from the Bitcoin described in inventor, and creator, Satoshi Nakamoto’s white paper. If Luke’s heart was in the right place, he should genuinely wish Bitcoin Cash all the best, and in fact thank them for going their own way, and finally ending years of dispute. Blockstream took over Bitcoin, fundamentally changed its course direction, and are now actively attacking the minority who wish to retain the original vision.īitcoin’s community has been aggressively split for several years now. Who in the above paradigm hijacked the project? Unless you are heavily compromised, it takes no genius to figure out the answer. So then in retaliation a small group of people, some who were there in the beginning, come together, and re-launch or rather see the continuation of the original project with the original intention, following the original founding paper. This company then (for argument sake let’s just call it Blockstream) rewrites the project to a vision that is incompatible with its original founding paper. This company then starts to weed out some of the early developers of the project, and particularly those who don’t agree with the company’s very distinct vision.ĭiscussion and promotion of the original founding paper is prohibited. A new company emerges, and cleverly makes its way among your development team, and receives an incredibly large amount of funding from some very big players in the industry. Your project is unfunded, but passionately developed within an open, transparent, thriving community. You release a founding paper specifying your project’s inner workings, methods, and overall operation. Suppose you are part of an open source project. But to help illustrate this point, allow me to paint this picture. The hijacking came from Blockstream and no one else. This play on words is all too common within the Blockstream camp. He bewilderingly states that “Bitcoin Cash” is an altcoin, and that it is an attempt to hijack Bitcoin. And I’m going to restate this – big blockers have been played.īut Luke’s ponderous post is genuinely a marvel in deceit. This statement conclusively reaffirms statements I made in an earlier piece that Blockstream (UASF) and DCG ( Segwit2x) are in bed together.
Given that Segwit2x is well underway now, Luke actually makes an admission – stating, and I quote “Basically, BIP148 (UASF) was an early success”. Recently Bitcoin Core developer Luke Dashjr (aka Luke-jr) wrote an opinion piece almost entirely about “Bitcoin Cash” itself.īut before we get onto the Bitcoin Cash topic here, let me address one glaring point made by Luke early on in his piece.
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