Can someone redpill me on Blockstream?
Can someone redpill me on Blockstream?
Isaiah Cooper
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Connor Martinez
probably the most legitimate company in the bitcoin space
they have several wings and projects making the ecosystem stronger
Lucas Watson
Austin Cook
Some retards are unhealthily obsessed with it, but it's overhyped and doesn't play a role when it comes to our gains
Gavin Sanders
AXA funded them as a hedge against the dollar, which caused a great many conspiracy theories
Nathaniel Jackson
their org is probably the main reason crypto is having difficulties progressing... it's a bold statement but let me explain..
1.) Every crypto rally ends with Bitcoin's mempool absolutely flooded (see ATH spike relation, and more recently $14k spike) then the network becomes unusable.. pretty obvious that nobody would want to keep putting money into something literally broken, so the rally ends and ppl recede back into tech debates while the price slides back down.
2.) The scalability problem is already solved (no it isn't Lightning Network) .. the upgrades can happen at layer 1 protocol level, we know this because it already exists and has been thoroughly stress-tested on other blockchains.
3.) The reason bitcoin isn't scalable is because the "bitcoin developers" have come to a "consensus" that bitcoin doesn't need upgrades (first major red flag) .. segwit is no longer considered an upgrade as it ultimately caused more problems than it solved.
4.) The majority of the top bitcoin core developers are actually funded by Blockstream (second major red flag)
So yeah, it no longer seems that they are trying to keep bitcoin "pure" but more likely that bitcoin has been hijacked by a malicious entity.
Eli Brown
this
Alexander Garcia
actually segwit caused zero problems so far. even tho all the wailing that went on.
Jayden Williams
Ok rashid go collect 2 rupee now
Henry Bell
really? so, half the community having to build out new ways to sign transactions, creating incompatibilities between many different systems, all to get a small bump in transactions per second?
and btw, that bump did nothing to stop the mempool from flooding a few months ago. even with 100% segwit adoption, still less than 0.5% of the planet's population could use the network simultaneously...
definitely not an upgrade
Alexander Ramirez
Optional softfork that fixed transaction malleability and raised throughput is an upgrade that maintained consensus maintained the hashing power the highest price the most security
Cope altie
Colton Cooper
what problems did it cause specifically? don't try to pull bullshit out of your ass!
Luke Bennett
it's a years-long plan to kill the threat that cryptocurrencies pose to the existing financial system.
step 1. kill on-chain scaling under technological pretenses, utilize paid shills and control over main bitcoin social platforms (bitcointalk, r/bitcoin) to smother the opposing side
status: full success
step 2. propose a solution to an arbitrarily created problem: Liquid network
status: running, but close to zero users
step 3. if Liquid wins, bitcoin blocks are going to be nearly empty, all transaction done on Liquid instead. Wait for the issuance to fall long enough so that someone attacks the chain.
step 4. claim it doesn't matter, because the authoritative balances are on Liquid anyway.
Full central control achieved, introduce obligatory kyc and taxes, if applicable.
John Garcia
actually if you bothered to zoom out on the mempool you would see that segwit did change things gradually. it just took some time for it to gain adoption.
jochen-hoenicke.de
Jack Young
It's easier to just raise throughput onchain to centralized who can keep a node in sync
At that point only people with 30k+ in hardware can enforce consensus rules
Luke Peterson
you have to increase block size anyhow it's just bitcoin devs made block space a scarce and expensive resource do discourage spam explosion clogging the shitter too early. for some reason shitstains like veriblock don't want to move to bch or sv. because those chains are not fucking secure.
Grayson Hernandez
See: segwit compatibility
adding new ways to generate addresses or sign transactions is only a solution if it is worth it.
in this case, definitely not worth it as the network is still extremely susceptible to congestion.
all the development efforts put towards segwit support, which created incompatibilities across encryption protocols, all to essentially get us no closer towards scalability... these are the types of problems that will leave permanent damage.
William Flores
Right and that's fair
When the time comes and consensus is reached a change will be made
Josiah Thomas
>which created incompatibilities across encryption protocols
Explain this
Josiah Smith
>segwit compatibility
i'm not aware of any problems with segwit compatibility. 95%+ of the nodes were updated pre-activation. you are making shit up.
Evan Hall
he can't because it's bullshit. all segwit did is change how a block is structured in a backwards rule compatible manner.
Liam Myers
everybody's system that handled non-bech32 addresses (i.e. p2pkh addresses) had to be rebuilt or a completely new system added purely to manage segwit transactions. at what point did these devs think it was a good idea to have "upgrades" butcher the protocol into multiple pieces like this?
the BCH fork makes so much more sense when you see how useless segwit rly is.
Leo Williams
How many forks is bcash going to have
They lost all confidence with their poor eda adjustment fork so don't even try to say they're competent
Jeremiah Allen
are you retarded? p2sh was a 2012 addition and the code was already out a long time before it activated. you seriously try to pretend this was disruptive for business?
Justin Reyes
right segwit is totally non-disruptive to business.
in fact its so seamless that 2 years later more than 50% of all bitcoin transactions still refuse to use it lol
possibly because it actually takes more effort than its worth?
Angel Butler
Jews
Owen Gomez
>scalability that could have been achieved by changing nothing but blocksize and realized immediately
Much upgrade
Very wow
Brayden Edwards
no it's not about effort i can assure you anyone could use it some of us just don't care to. while i don't see what the fuss is all about segwit from a technical point of view i don't like how it was done and handled overall. i will probably use segwit for my spend wallet if lightning gains acceptance but that's it.
Lincoln Gomez
that was the point tho.
it's easy to achieve scaling if you give up the core tenets. we got thousands of shitcoins to prove that.
Benjamin Bennett
Jews
Cooper Lewis
if 100% segwit adoption resulted in true scalability, then people would definitely bother with it.
but the network would still get ridiculously congested on the next rally.
look... i want to see millions more people enter the crypto space, it truly will improve the world. but the vision of bitcoin as a global currency and the way the protocol is currently built simply don't mesh. the solution exists but is, for some strange reason, being blocked.
Dominic Myers
LOOK MOMMY I'M COMPLETELY DECENTRALIZED AND UNRAIDABLE!
You're an absolute faggot who doesn't understand this technology on even a basic level. If you want decentralized shit that CANNOT be shut down, you need Monero. The entire network is designed to be run on malware and can't be shut down without shutting down the internet.