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The corporate takeover attempt of Bitcoin – WhalePanda

The corporate takeover attempt of Bitcoin

I’m keeping this short and gif-free (sorry), to not dilute the message.

September 2013:

Amir Taaki’s “The Libbitcoin Manifesto” was published. It is interesting and very relevant:

May-July 2017:

After a year of blocking Segwit for no technical reason, spreading lies/fud and all kinds of other attacks on Bitcoin… After BitcoinXT, Bitcoin Classic, Bitcoin Unlimited, BCoin, Bitcoin ABC, Bitcoin Parity… and God knows what other takeover attempts I’m missing… Bitcoin Segwit2x was born.

Segwit2x was created behind closed doors without any real Bitcoin devs, with a closed mailing list and a closed slack by a couple of companies to try to “scale Bitcoin and meet the demand of the users”.

This merged pull request is a great example of this corporate takeover.

The new seeds are coming from:

Blockchain.info “is the world’s most popular bitcoin wallet.” With a history of hacks, horrible calculation of fees and you can’t even control your own private keys. Blaming Bitcoin Core for people getting their transactions stuck while their product isn’t calculating fees properly.Bitpay’s CEO said at Consensus 2017 that he doesn’t care, he will just fork Bitcoin anyway, even if they are the only people/company using that fork.OB1, frustrated since no one is actually using their product, for some reason it is of course Bitcoin Core’s fault.Bloq tries to sell its own private blockchains, joined the EEA, has a bitcoin on-chain KYC system called Vulcan, and recently bought a taint tracing, fungibilty damaging company.

Segwit2x’s main developer and Bloq’s CEO, who has been anti-core and anti-segwit for a long time, claims that when one of the most respected people in crypto, Adam Back, states facts it is a “desperation smear”.

Another funny part is how he has been anti-segwit without even realizing how it actually works. There is a reason why Bitcoin Core devs are the best and no other impleme...

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