Bitcoin XT - EverybodyWiki Bios & Wiki

Will Bitcoin Unlimited split internally into many chains ?

*** 1. A Closer Look at Bitcoin Unlimited’s Configurable Block Size Proposal https://bitcoinmagazine.com/articles/closer-look-bitcoin-unlimiteds-configurable-block-size-proposal/
*** 2. How Bitcoin Unlimited Users May End Up on Different Blockchains https://bitcoinmagazine.com/articles/how-bitcoin-unlimited-users-may-end-different-blockchains/
*** 3. Why Bitcoin Unlimited’s “Emergent Consensus” Is a Gamble https://bitcoinmagazine.com/articles/why-bitcoin-unlimiteds-emergent-consensus-gamble/
Esp. #2 is worrysome. What do you think ? (if it's a real problem then we can go back to BIP-101; Bitcoin XT or something)
submitted by Technologov to btc [link] [comments]

It has taken me a long time, but I finally committed ALL of my resources to BIP 101 - bitcoin xt

I run two full nodes and a small miner. I switched on full node to xt when all of this started, but now I'm fed up. I switched my miner back to slush's pool today and I updated my other node to bitcoinxt. Sometimes it just feels refreshing to do the right thing.
If you want to move your miners to slush's pool and show your support for 8mb blocks (aka: bitcoinxt, BIP 101), set up an account at http://mining.bitcoin.cz and use these mining addresses:
stratum+tcp://stratum.bitcoin.cz:3301 - General
stratum+tcp://us-east.stratum.bitcoin.cz:3301 - USA
stratum+tcp://eu.stratum.bitcoin.cz:3301 - Europe
Slush is re-enabling BIPB101: https://bitcoinmagazine.com/articles/slush-pool-to-re-enable-bip-bitcoin-mining-1448902761
If you want to set up bitcoixt, it's pretty easy to just remove bitcoind and run the binary linked here: https://bitcoinxt.software/
You can find more information about bitcoinxt blocks here: http://xtnodes.com/
submitted by secret_bitcoin_login to btc [link] [comments]

/u/theymos: -249 points from last 1000 comments. Worst Comment (-752 points): "Right. If Coinbase promotes XT to customers on coinbase.com and/or switches all of its full nodes to BIP 101 software, then Coinbase is no longer using the Bitcoin currency, and it doesn't belong on /r/Bitcoin."

theymos: -249 points from last 1000 comments. Worst Comment (-752 points): submitted by BobsBurgers3Bitcoin to btc [link] [comments]

What is better, joining a XT mining pool or purchasing a 21 bitcoin computer to mine BIP 101 blocks?

What do users do who want to help raise mining BIP 101 blocks but don't have professional mining hardware?
If enough people have the same goal (BIP 101), can't we get a substantial percentage of hashing power?
submitted by dappsWL to btc [link] [comments]

Bitcoin XT Nodes and BIP 101 Mined Blocks Show Substantial Growth

Bitcoin XT Nodes and BIP 101 Mined Blocks Show Substantial Growth submitted by joseph_young_ to btc [link] [comments]

/u/theymos: -249 points from last 1000 comments. Worst Comment (-752 points): "Right. If Coinbase promotes XT to customers on coinbase.com and/or switches all of its full nodes to BIP 101 software, then Coinbase is no longer using the Bitcoin currency, and it doesn't belong on /r/Bitcoin."

theymos: -249 points from last 1000 comments. Worst Comment (-752 points): submitted by BitcoinAllBot to BitcoinAll [link] [comments]

ATTENTION: P2Pool mining pools supporting Bitcoin XT. Fix required to mine BIP 101 blocks. /r/bitcoinxt

ATTENTION: P2Pool mining pools supporting Bitcoin XT. Fix required to mine BIP 101 blocks. /bitcoinxt submitted by BitcoinAll to BitcoinAll [link] [comments]

What is better, joining a XT mining pool or purchasing a 21 bitcoin computer to mine BIP 101 blocks? /r/btc

What is better, joining a XT mining pool or purchasing a 21 bitcoin computer to mine BIP 101 blocks? /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

It has taken me a long time, but I finally committed ALL of my resources to BIP 101 - bitcoin xt /r/btc

It has taken me a long time, but I finally committed ALL of my resources to BIP 101 - bitcoin xt /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin XT Nodes and BIP 101 Mined Blocks Show Substantial Growth

Bitcoin XT Nodes and BIP 101 Mined Blocks Show Substantial Growth submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Reminder: Cobra-Bitcoin assisted and supported Theymos with agenda driven moderation that was designed to stop Bitcoin from functioning as a cash system.

Theymos implicitly said that Cobra was working with him to implement their agenda driven moderation campaign:
You must be naive if you think it'll have no effect. I've moderated forums since long before Bitcoin (some quite large), and I know how moderation affects people. Long-term, banning XT from /Bitcoin will hurt XT's chances to hijack Bitcoin. There's still a chance, but it's smaller. (This is improved by the simultaneous action on bitcointalk.org, bitcoin.it, and bitcoin.org)
(emphasis added)
source
Notes for those out of the loop:
So: 16th June 2015 was when Bitcoin XT was upgraded to include the change that would increase the block size thus allowing Bitcoin to continue to function as a cash system in the future.
Here is a snapshot of the bitcoin.org wallet page on 16th July 2015. Notice the absence of Bitcoin XT (a popular, safe and compatible version of Bitcoin).
If you have any doubt that Cobra-Bitcoin supported Theymos and agreed with him please see Cobra's comments in this December 2015 pull request (archived backup) to learn about what Cobra thought about Bitcoin XT.
I made this post because Cobra-Bitcoin is making positive remarks about Bitcoin Cash from time to time. People need to understand that this snake cannot be trusted. I also wanted to share a little of Bitcoin's history with the new comers here.
submitted by hapticpilot to btc [link] [comments]

Will there be a freeze of the current protocol version? | Oliver Egginger | Aug 20 2015

Oliver Egginger on Aug 20 2015:
Hello,
BitPay seems to support BIP 101:
https://medium.com/@spaiincreasing-the-block-size-limit-85ff236fc516
We do not know where this is going. But I suspect that ultimately also
the core client will increase the block size.
Bitcoin is also the subject of research. I think that research is much
to slow (and uncertain) for many companies and users. This is the
reason for XT. Nevertheless, I think further research on the base of the
current protocol version is very important. Thus, I hope that the
current block chain survives. Albeit at a lower level with fewer
users. And expressly not to sabotage necessary changes in the main project.
Let's suppose XT prevails or core is changed within the terms of BIP 101:
Do you think that there are enough people to continue with the old
protocol version? Would developers fork a Bitcoin client for supporting
the old nodes with security updates? Or will there be a compatibility
mode in XT, so that XT behave like an old Bitcoin node? What about
smaller but important projects like picocoin?
original: http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-August/010498.html
submitted by bitcoin-devlist-bot to bitcoin_devlist [link] [comments]

Flashback: "I just unsubscribed /r/bitcoin and subscribed /r/btc" - CEO of Coinbase (largest fiat gateway for crypto), Nov 2015

"I just unsubscribed /bitcoin and subscribed /btc" - Brian Armstrong, CEO of Coinbase (largest fiat gateway for crypto), Nov 2015
Armstrong’s issues with rBitcoin are well documented. In late 2015, a tweet from Armstrong about Coinbase testing Bitcoin XT was removed from rBitcoin. This move from the rBitcoin moderators was in line with this policy:
“Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted.”
A month earlier, Armstrong had announced that he unsubscribed from rBitcoin and subscribed to /btc on Twitter.
“We’ve emailed about this once or twice, but there’s a lot of censorship happening [on rBitcoin],” said Armstrong during his fireside chat with Huffman.
Armstrong then briefly mentioned the lead moderator of rBitcoin, “His username is Theymos — if you want to ban him.”
It's amazing that there are still so many people in the rBitcoin subreddit.
submitted by normal_rc to btc [link] [comments]

How Bitcoin BTC Was Hijacked, and Why Bitcoin Cash Was Created.

From 2009-2015, Bitcoin BTC was run by programmers like Satoshi Nakamoto, Gavin Andresen, Mike Hearn, and promoted by people like Roger Ver. Most in this community tended to lean libertarian, and liked Bitcoin BTC's potential to take power away from governments & central banks.
Satoshi left the project. In the spirit of openness & freedom, Gavin & Mike naively made the mistake of letting too many bad actors (like Blockstream) gain access to the Bitcoin BTC project.
The Blockstream side had more money, and they had Theymos (who controls the #1 & #2 Bitcoin communities - rBitcoin & BitcoinTalk.org). As a result, they were able to push enough of the community into believing that small blocks were the way to go.
As Gavin & Mike were being pushed out, they tried to create the first "big block" fork of Bitcoin, called Bitcoin XT. The Blockstream / Bitcoin Core side hired a botnet operator to DDoS Bitcoin XT to death in its infancy.
From Mike Hearn:
"..After Blockstream successfully took over Bitcoin Core and expelled anyone who opposed them, Gavin and I forked Bitcoin Core to create Bitcoin XT, the first alternative node implementation to gain any serious usage. The creation of XT led to the imposition of censorship across all Bitcoin discussion forums and news outlets, resulted in the creation of this sub, and Core supporters paid a botnet operator to force XT nodes offline with DDoS attacks.."
Gavin & Mike were pushed out.
Even Brian Armstrong, the CEO of Coinbase, was censored by rBitcoin back in 2015:
"I just unsubscribed rBitcoin and subscribed /btc" - Brian Armstrong, CEO of Coinbase (largest fiat gateway for crypto), Nov 2015
Ethereum founder Vitalik Buterin talks about the absurd censorship on rBitcoin:
By 2016, the Bilderberg Group & AXA funded Blockstream, and the takeover was complete.
Any talk about "big blocks" and "low fees" was banned.
In August 2017, another attempt to create a "big block" fork happened, thus creating Bitcoin Cash (BCH). And learning from the defeat of Bitcoin XT, this time around, Bitcoin Cash made sure they had the support of big miners, so the Blockstream / Bitcoin Core side couldn't use a botnet to DDoS it to death in the cradle.
So that is where we are today.
submitted by normal_rc to Bitcoincash [link] [comments]

BTC is centralized and filled with misinformation/censorships and controlled by a single entity. However, their propaganda has worked wonders and made many people think the opposite. The fact is, Bitcoin Cash is magnitudes more decentralized...

Credits To thepaip and singularity87
TLDR: BTC is centralized and filled with misinformation/censorships and controlled by a single entity. However, their propaganda has worked wonders and made many people think the opposite. The fact is, Bitcoin Cash is magnitudes more decentralized in terms of miners, multiple independent development/research teams, etc. There are 3 things that cannot be hidden for long; the sun, the moon, and the truth. Educate yourself and spread the truth. This is the only way to make a stand against misinformation and censorships.
People should get the full story of bitcoin because it is probably one of the strangest of all reddit subs.
bitcoin, the main sub for the bitcoin community is held and run by a person who goes by the pseudonym u/theymos. Theymos not only controls bitcoin, but also bitcoin.org and bitcointalk.com. These are top three communication channels for the bitcoin community, all controlled by just one person.
For most of bitcoin's history this did not create a problem (at least not an obvious one anyway) until around mid 2015. This happened to be around the time a new player appeared on the scene, a for-profit company called Blockstream. Blockstream was made up of/hired many (but not all) of the main bitcoin developers. (To be clear, Blockstream was founded before mid 2015 but did not become publicly active until then). A lot of people, including myself, tried to point out there we're some very serious potential conflicts of interest that could arise when one single company controls most of the main developers for the biggest decentralised and distributed cryptocurrency. There were a lot of unknowns but people seemed to give them the benefit of the doubt because they were apparently about to release some new software called "sidechains" that could offer some benefits to the network.
Not long after Blockstream came on the scene the issue of bitcoin's scalability once again came to forefront of the community. This issue came within the community a number of times since bitcoins inception. Bitcoin, as dictated in the code, cannot handle any more than around 3 transactions per second at the moment. To put that in perspective Paypal handles around 15 transactions per second on average and VISA handles something like 2000 transactions per second. The discussion in the community has been around how best to allow bitcoin to scale to allow a higher number of transactions in a given amount of time. I suggest that if anyone is interested in learning more about this problem from a technical angle, they go to btc and do a search. It's a complex issue but for many who have followed bitcoin for many years, the possible solutions seem relatively obvious. Essentially, currently the limit is put in place in just a few lines of code. This was not originally present when bitcoin was first released. It was in fact put in place afterwards as a measure to stop a bloating attack on the network. Because all bitcoin transactions have to be stored forever on the bitcoin network, someone could theoretically simply transmit a large number of transactions which would have to be stored by the entire network forever. When bitcoin was released, transactions were actually for free as the only people running the network were enthusiasts. In fact a single bitcoin did not even have any specific value so it would be impossible set a fee value. This meant that a malicious person could make the size of the bitcoin ledger grow very rapidly without much/any cost which would stop people from wanting to join the network due to the resource requirements needed to store it, which at the time would have been for very little gain.
Towards the end of the summer last year, this bitcoin scaling debate surfaced again as it was becoming clear that the transaction limit for bitcoin was semi regularly being reached and that it would not be long until it would be regularly hit and the network would become congested. This was a very serious issue for a currency. Bitcoin had made progress over the years to the point of retailers starting to offer it as a payment option. Bitcoin companies like, Microsoft, Paypal, Steam and many more had began to adopt it. If the transaction limit would be constantly maxed out, the network would become unreliable and slow for users. Users and businesses would not be able to make a reliable estimate when their transaction would be confirmed by the network.
Users, developers and businesses (which at the time was pretty much the only real bitcoin subreddit) started to discuss how we should solve the problem bitcoin. There was significant support from the users and businesses behind a simple solution put forward by the developer Gavin Andreesen. Gavin was the lead developer after Satoshi Nakamoto left bitcoin and he left it in his hands. Gavin initially proposed a very simple solution of increasing the limit which was to change the few lines of code to increase the maximum number of transactions that are allowed. For most of bitcoin's history the transaction limit had been set far far higher than the number of transactions that could potentially happen on the network. The concept of increasing the limit one time was based on the fact that history had proven that no issue had been cause by this in the past.
A certain group of bitcoin developers decided that increasing the limit by this amount was too much and that it was dangerous. They said that the increased use of resources that the network would use would create centralisation pressures which could destroy the network. The theory was that a miner of the network with more resources could publish many more transactions than a competing small miner could handle and therefore the network would tend towards few large miners rather than many small miners. The group of developers who supported this theory were all developers who worked for the company Blockstream. The argument from people in support of increasing the transaction capacity by this amount was that there are always inherent centralisation pressure with bitcoin mining. For example miners who can access the cheapest electricity will tend to succeed and that bigger miners will be able to find this cheaper electricity easier. Miners who have access to the most efficient computer chips will tend to succeed and that larger miners are more likely to be able to afford the development of them. The argument from Gavin and other who supported increasing the transaction capacity by this method are essentially there are economies of scale in mining and that these economies have far bigger centralisation pressures than increased resource cost for a larger number of transactions (up to the new limit proposed). For example, at the time the total size of the blockchain was around 50GB. Even for the cost of a 500GB SSD is only $150 and would last a number of years. This is in-comparison to the $100,000's in revenue per day a miner would be making.
Various developers put forth various other proposals, including Gavin Andresen who put forth a more conservative increase that would then continue to increase over time inline with technological improvements. Some of the employees of blockstream also put forth some proposals, but all were so conservative, it would take bitcoin many decades before it could reach a scale of VISA. Even though there was significant support from the community behind Gavin's simple proposal of increasing the limit it was becoming clear certain members of the bitcoin community who were part of Blockstream were starting to become increasingly vitriolic and divisive. Gavin then teamed up with one of the other main bitcoin developers Mike Hearn and released a coded (i.e. working) version of the bitcoin software that would only activate if it was supported by a significant majority of the network. What happened next was where things really started to get weird.
After this free and open source software was released, Theymos, the person who controls all the main communication channels for the bitcoin community implemented a new moderation policy that disallowed any discussion of this new software. Specifically, if people were to discuss this software, their comments would be deleted and ultimately they would be banned temporarily or permanently. This caused chaos within the community as there was very clear support for this software at the time and it seemed our best hope for finally solving the problem and moving on. Instead a censorship campaign was started. At first it 'all' they were doing was banning and removing discussions but after a while it turned into actively manipulating the discussion. For example, if a thread was created where there was positive sentiment for increasing the transaction capacity or being negative about the moderation policies or negative about the actions of certain bitcoin developers, the mods of bitcoin would selectively change the sorting order of threads to 'controversial' so that the most support opinions would be sorted to the bottom of the thread and the most vitriolic would be sorted to the top of the thread. This was initially very transparent as it was possible to see that the most downvoted comments were at the top and some of the most upvoted were at the bottom. So they then implemented hiding the voting scores next to the users name. This made impossible to work out the sentiment of the community and when combined with selectively setting the sorting order to controversial it was possible control what information users were seeing. Also, due to the very very large number of removed comments and users it was becoming obvious the scale of censorship going on. To hide this they implemented code in their CSS for the sub that completely hid comments that they had removed so that the censorship itself was hidden. Anyone in support of scaling bitcoin were removed from the main communication channels. Theymos even proudly announced that he didn't care if he had to remove 90% of the users. He also later acknowledged that he knew he had the ability to block support of this software using the control he had over the communication channels.
While this was all going on, Blockstream and it's employees started lobbying the community by paying for conferences about scaling bitcoin, but with the very very strange rule that no decisions could be made and no complete solutions could be proposed. These conferences were likely strategically (and successfully) created to stunt support for the scaling software Gavin and Mike had released by forcing the community to take a "lets wait and see what comes from the conferences" kind of approach. Since no final solutions were allowed at these conferences, they only served to hinder and splinter the communities efforts to find a solution. As the software Gavin and Mike released called BitcoinXT gained support it started to be attacked. Users of the software were attack by DDOS. Employees of Blockstream were recommending attacks against the software, such as faking support for it, to only then drop support at the last moment to put the network in disarray. Blockstream employees were also publicly talking about suing Gavin and Mike from various different angles simply for releasing this open source software that no one was forced to run. In the end Mike Hearn decided to leave due to the way many members of the bitcoin community had treated him. This was due to the massive disinformation campaign against him on bitcoin. One of the many tactics that are used against anyone who does not support Blockstream and the bitcoin developers who work for them is that you will be targeted in a smear campaign. This has happened to a number of individuals and companies who showed support for scaling bitcoin. Theymos has threatened companies that he will ban any discussion of them on the communication channels he controls (i.e. all the main ones) for simply running software that he disagrees with (i.e. any software that scales bitcoin).
As time passed, more and more proposals were offered, all against the backdrop of ever increasing censorship in the main bitcoin communication channels. It finally come down the smallest and most conservative solution. This solution was much smaller than even the employees of Blockstream had proposed months earlier. As usual there was enormous attacks from all sides and the most vocal opponents were the employees of Blockstream. These attacks still are ongoing today. As this software started to gain support, Blockstream organised more meetings, especially with the biggest bitcoin miners and made a pact with them. They promised that they would release code that would offer an on-chain scaling solution hardfork within about 4 months, but if the miners wanted this they would have to commit to running their software and only their software. The miners agreed and the ended up not running the most conservative proposal possible. This was in February last year. There is no hardfork proposal in sight from the people who agreed to this pact and bitcoin is still stuck with the exact same transaction limit it has had since the limit was put in place about 6 years ago. Gavin has also been publicly smeared by the developers at Blockstream and a plot was made against him to have him removed from the development team. Gavin has now been, for all intents an purposes, expelled from bitcoin development. This has meant that all control of bitcoin development is in the hands of the developers working at Blockstream.
There is a new proposal that offers a market based approach to scaling bitcoin. This essentially lets the market decide. Of course, as usual there has been attacks against it, and verbal attacks from the employees of Blockstream. This has the biggest chance of gaining wide support and solving the problem for good.
To give you an idea of Blockstream; It has hired most of the main and active bitcoin developers and is now synonymous with the "Core" bitcoin development team. They AFAIK no products at all. They have received around $75m in funding. Every single thing they do is supported by theymos. They have started implementing an entirely new economic system for bitcoin against the will of it's users and have blocked any and all attempts to scaling the network in line with the original vision.
Although this comment is ridiculously long, it really only covers the tip of the iceberg. You could write a book on the last two years of bitcoin. The things that have been going on have been mind blowing. One last thing that I think is worth talking about is the u/bashco's claim of vote manipulation.
The users that the video talks about have very very large numbers of downvotes mostly due to them having a very very high chance of being astroturfers. Around about the same time last year when Blockstream came active on the scene every single bitcoin troll disappeared, and I mean literally every single one. In the years before that there were a large number of active anti-bitcoin trolls. They even have an active sub buttcoin. Up until last year you could go down to the bottom of pretty much any thread in bitcoin and see many of the usual trolls who were heavily downvoted for saying something along the lines of "bitcoin is shit", "You guys and your tulips" etc. But suddenly last year they all disappeared. Instead a new type of bitcoin user appeared. Someone who said they were fully in support of bitcoin but they just so happened to support every single thing Blockstream and its employees said and did. They had the exact same tone as the trolls who had disappeared. Their way to talking to people was aggressive, they'd call people names, they had a relatively poor understanding of how bitcoin fundamentally worked. They were extremely argumentative. These users are the majority of the list of that video. When the 10's of thousands of users were censored and expelled from bitcoin they ended up congregating in btc. The strange thing was that the users listed in that video also moved over to btc and spend all day everyday posting troll-like comments and misinformation. Naturally they get heavily downvoted by the real users in btc. They spend their time constantly causing as much drama as possible. At every opportunity they scream about "censorship" in btc while they are happy about the censorship in bitcoin. These people are astroturfers. What someone somewhere worked out, is that all you have to do to take down a community is say that you are on their side. It is an astoundingly effective form of psychological attack.
Source: https://np.reddit.com/BitcoinMarkets/comments/6rxw7k/informative_btc_vs_bch_articles/dl8v4lp/
Sources:
https://twitter.com/adam3us/status/633119949943275520
https://www.reddit.com/Bitcoin/comments/3hb63g/bip_suggestion_lock_the_blockchain_to_only/cu5v2u2/
https://www.reddit.com/Bitcoin/comments/3h9cq4/its_time_for_a_break_about_the_recent_mess/
https://www.reddit.com/Bitcoin/comments/3uu3we/bitstamp_will_switch_to_bip_101_this_decembe
https://www.reddit.com/Bitcoin/comments/3uu3we/bitstamp_will_switch_to_bip_101_this_decembecxi370c/
https://www.reddit.com/Bitcoin/comments/3rejl9/coinbase_ceo_brian_armstrong_bip_101_is_the_best/cwpglh6
https://www.reddit.com/Bitcoin/comments/3axnc3/this_is_the_definition_of_fud_how_to_subvert/
https://www.reddit.com/btc/comments/3z0pkq/theymos_caught_redhanded_why_he_censors_all_the/
http://pastebin.com/1kvuj5bw
https://www.reddit.com/btc/comments/418r0l/lukejr_is_already_trying_to_sabotage_bitcoin/
https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.cjuafsypy
https://www.reddit.com/Bitcoin/comments/3axnc3/this_is_the_definition_of_fud_how_to_subvert/
https://medium.com/@bitcoinroundtable/bitcoin-roundtable-consensus-266d475a61ff#.g42rjs2ew
https://news.bitcoin.com/bitcoin-classic-targeted-by-ddos-attacks/
https://www.reddit.com/btc/comments/5h2wiv/was_theymos_running_a_botnet_in_2007_theymos/?
https://www.reddit.com/btc/comments/5fm11b/unullc_is_actively_trying_to_delete_satoshi_from/?
https://github.com/BitcoinUnlimited/BitcoinUnlimited/pull/180#discussion_r91823463
submitted by MobTwo to CryptoMarkets [link] [comments]

Please audit my explanation of how Bitcoin BTC was hijacked, and why Bitcoin Cash was created.

How Bitcoin BTC Was Hijacked, and Why Bitcoin Cash Was Created.
From 2009-2015, Bitcoin BTC was run by programmers like Satoshi Nakamoto, Gavin Andresen, Mike Hearn, and promoted by people like Roger Ver. Most in this community tended to lean libertarian, and liked Bitcoin BTC's potential to take power away from governments & central banks.
Satoshi left the project. In the spirit of openness & freedom, Gavin & Mike naively made the mistake of letting too many bad actors (like Blockstream) gain access to the Bitcoin BTC project.
The Blockstream side had more money, and they had Theymos (who controls the #1 & #2 Bitcoin communities - rBitcoin & BitcoinTalk.org). As a result, they were able to push enough of the community into believing that small blocks were the way to go.
As Gavin & Mike were being pushed out, they tried to create the first "big block" fork of Bitcoin, called Bitcoin XT. The Blockstream / Bitcoin Core side hired a botnet operator to DDoS Bitcoin XT to death in its infancy.
From Mike Hearn:
"..After Blockstream successfully took over Bitcoin Core and expelled anyone who opposed them, Gavin and I forked Bitcoin Core to create Bitcoin XT, the first alternative node implementation to gain any serious usage. The creation of XT led to the imposition of censorship across all Bitcoin discussion forums and news outlets, resulted in the creation of this sub, and Core supporters paid a botnet operator to force XT nodes offline with DDoS attacks.."
Gavin & Mike were pushed out.
Even Brian Armstrong, the CEO of Coinbase, was censored by rBitcoin back in 2015:
"I just unsubscribed rBitcoin and subscribed /btc" - Brian Armstrong, CEO of Coinbase (largest fiat gateway for crypto), Nov 2015
Ethereum founder Vitalik Buterin talks about the absurd censorship on rBitcoin:
By 2016, the Bilderberg Group & AXA funded Blockstream, and the takeover was complete.
Any talk about "big blocks" and "low fees" was banned.
In August 2017, another attempt to create a "big block" fork happened, thus creating Bitcoin Cash (BCH). And learning from the defeat of Bitcoin XT, this time around, Bitcoin Cash made sure they had the support of big miners, so the Blockstream / Bitcoin Core side couldn't use a botnet to DDoS it to death in the cradle.
So that is where we are today.
https://www.yours.org/content/how-bitcoin-btc-was-hijacked--and-why-bitcoin-cash-was-created-24c7314b8b8f
submitted by normal_rc to btc [link] [comments]

The Dirty, Nasty History of Bitcoin

From 2009-2015, Bitcoin BTC was run by programmers like Satoshi Nakamoto, Gavin Andresen, Mike Hearn, and promoted by people like Roger Ver. Most in this community tended to lean libertarian, and liked Bitcoin BTC's potential to take power away from governments & central banks.
Satoshi left the project. In the spirit of openness & freedom, Gavin & Mike naively made the mistake of letting too many bad actors (like Blockstream) gain access to the Bitcoin BTC project.
The Blockstream side had more money, and they had Theymos (who controls the #1 & #2 Bitcoin communities - rBitcoin & BitcoinTalk.org). As a result, they were able to push enough of the community into believing that small blocks were the way to go.
As Gavin & Mike were being pushed out, they tried to create the first "big block" fork of Bitcoin, called Bitcoin XT. The Blockstream / Bitcoin Core side hired a botnet operator to DDoS Bitcoin XT to death in its infancy.
From Mike Hearn:
"..After Blockstream successfully took over Bitcoin Core and expelled anyone who opposed them, Gavin and I forked Bitcoin Core to create Bitcoin XT, the first alternative node implementation to gain any serious usage. The creation of XT led to the imposition of censorship across all Bitcoin discussion forums and news outlets, resulted in the creation of this sub, and Core supporters paid a botnet operator to force XT nodes offline with DDoS attacks.."
Gavin & Mike were pushed out.
Even Brian Armstrong, the CEO of Coinbase, was censored by rBitcoin back in 2015:
"I just unsubscribed rBitcoin and subscribed /btc" - Brian Armstrong, CEO of Coinbase (largest fiat gateway for crypto), Nov 2015
Ethereum founder Vitalik Buterin talks about the absurd censorship on rBitcoin:
By 2016, the Bilderberg Group & AXA funded Blockstream, and the takeover was complete.
Any talk about "big blocks" and "low fees" was banned.
In August 2017, another attempt to create a "big block" fork happened, thus creating Bitcoin Cash (BCH). And learning from the defeat of Bitcoin XT, this time around, Bitcoin Cash made sure they had the support of big miners, so the Blockstream / Bitcoin Core side couldn't use a botnet to DDoS it to death in the cradle.
So that is where we are today.
submitted by normal_rc to CryptoCurrency [link] [comments]

BTC is centralized and filled with misinformation/censorships and controlled by a single entity. However, their propaganda has worked wonders and made many people think the opposite. The fact is, Bitcoin Cash is magnitudes more decentralized...

Credits To thepaip and singularity87
TLDR: BTC is centralized and filled with misinformation/censorships and controlled by a single entity. However, their propaganda has worked wonders and made many people think the opposite. The fact is, Bitcoin Cash is magnitudes more decentralized in terms of miners, multiple independent development/research teams, etc. There are 3 things that cannot be hidden for long; the sun, the moon, and the truth. Educate yourself and spread the truth. This is the only way to make a stand against misinformation and censorships.
People should get the full story of bitcoin because it is probably one of the strangest of all reddit subs.
bitcoin, the main sub for the bitcoin community is held and run by a person who goes by the pseudonym u/theymos. Theymos not only controls bitcoin, but also bitcoin.org and bitcointalk.com. These are top three communication channels for the bitcoin community, all controlled by just one person.
For most of bitcoin's history this did not create a problem (at least not an obvious one anyway) until around mid 2015. This happened to be around the time a new player appeared on the scene, a for-profit company called Blockstream. Blockstream was made up of/hired many (but not all) of the main bitcoin developers. (To be clear, Blockstream was founded before mid 2015 but did not become publicly active until then). A lot of people, including myself, tried to point out there we're some very serious potential conflicts of interest that could arise when one single company controls most of the main developers for the biggest decentralised and distributed cryptocurrency. There were a lot of unknowns but people seemed to give them the benefit of the doubt because they were apparently about to release some new software called "sidechains" that could offer some benefits to the network.
Not long after Blockstream came on the scene the issue of bitcoin's scalability once again came to forefront of the community. This issue came within the community a number of times since bitcoins inception. Bitcoin, as dictated in the code, cannot handle any more than around 3 transactions per second at the moment. To put that in perspective Paypal handles around 15 transactions per second on average and VISA handles something like 2000 transactions per second. The discussion in the community has been around how best to allow bitcoin to scale to allow a higher number of transactions in a given amount of time. I suggest that if anyone is interested in learning more about this problem from a technical angle, they go to btc and do a search. It's a complex issue but for many who have followed bitcoin for many years, the possible solutions seem relatively obvious. Essentially, currently the limit is put in place in just a few lines of code. This was not originally present when bitcoin was first released. It was in fact put in place afterwards as a measure to stop a bloating attack on the network. Because all bitcoin transactions have to be stored forever on the bitcoin network, someone could theoretically simply transmit a large number of transactions which would have to be stored by the entire network forever. When bitcoin was released, transactions were actually for free as the only people running the network were enthusiasts. In fact a single bitcoin did not even have any specific value so it would be impossible set a fee value. This meant that a malicious person could make the size of the bitcoin ledger grow very rapidly without much/any cost which would stop people from wanting to join the network due to the resource requirements needed to store it, which at the time would have been for very little gain.
Towards the end of the summer last year, this bitcoin scaling debate surfaced again as it was becoming clear that the transaction limit for bitcoin was semi regularly being reached and that it would not be long until it would be regularly hit and the network would become congested. This was a very serious issue for a currency. Bitcoin had made progress over the years to the point of retailers starting to offer it as a payment option. Bitcoin companies like, Microsoft, Paypal, Steam and many more had began to adopt it. If the transaction limit would be constantly maxed out, the network would become unreliable and slow for users. Users and businesses would not be able to make a reliable estimate when their transaction would be confirmed by the network.
Users, developers and businesses (which at the time was pretty much the only real bitcoin subreddit) started to discuss how we should solve the problem bitcoin. There was significant support from the users and businesses behind a simple solution put forward by the developer Gavin Andreesen. Gavin was the lead developer after Satoshi Nakamoto left bitcoin and he left it in his hands. Gavin initially proposed a very simple solution of increasing the limit which was to change the few lines of code to increase the maximum number of transactions that are allowed. For most of bitcoin's history the transaction limit had been set far far higher than the number of transactions that could potentially happen on the network. The concept of increasing the limit one time was based on the fact that history had proven that no issue had been cause by this in the past.
A certain group of bitcoin developers decided that increasing the limit by this amount was too much and that it was dangerous. They said that the increased use of resources that the network would use would create centralisation pressures which could destroy the network. The theory was that a miner of the network with more resources could publish many more transactions than a competing small miner could handle and therefore the network would tend towards few large miners rather than many small miners. The group of developers who supported this theory were all developers who worked for the company Blockstream. The argument from people in support of increasing the transaction capacity by this amount was that there are always inherent centralisation pressure with bitcoin mining. For example miners who can access the cheapest electricity will tend to succeed and that bigger miners will be able to find this cheaper electricity easier. Miners who have access to the most efficient computer chips will tend to succeed and that larger miners are more likely to be able to afford the development of them. The argument from Gavin and other who supported increasing the transaction capacity by this method are essentially there are economies of scale in mining and that these economies have far bigger centralisation pressures than increased resource cost for a larger number of transactions (up to the new limit proposed). For example, at the time the total size of the blockchain was around 50GB. Even for the cost of a 500GB SSD is only $150 and would last a number of years. This is in-comparison to the $100,000's in revenue per day a miner would be making.
Various developers put forth various other proposals, including Gavin Andresen who put forth a more conservative increase that would then continue to increase over time inline with technological improvements. Some of the employees of blockstream also put forth some proposals, but all were so conservative, it would take bitcoin many decades before it could reach a scale of VISA. Even though there was significant support from the community behind Gavin's simple proposal of increasing the limit it was becoming clear certain members of the bitcoin community who were part of Blockstream were starting to become increasingly vitriolic and divisive. Gavin then teamed up with one of the other main bitcoin developers Mike Hearn and released a coded (i.e. working) version of the bitcoin software that would only activate if it was supported by a significant majority of the network. What happened next was where things really started to get weird.
After this free and open source software was released, Theymos, the person who controls all the main communication channels for the bitcoin community implemented a new moderation policy that disallowed any discussion of this new software. Specifically, if people were to discuss this software, their comments would be deleted and ultimately they would be banned temporarily or permanently. This caused chaos within the community as there was very clear support for this software at the time and it seemed our best hope for finally solving the problem and moving on. Instead a censorship campaign was started. At first it 'all' they were doing was banning and removing discussions but after a while it turned into actively manipulating the discussion. For example, if a thread was created where there was positive sentiment for increasing the transaction capacity or being negative about the moderation policies or negative about the actions of certain bitcoin developers, the mods of bitcoin would selectively change the sorting order of threads to 'controversial' so that the most support opinions would be sorted to the bottom of the thread and the most vitriolic would be sorted to the top of the thread. This was initially very transparent as it was possible to see that the most downvoted comments were at the top and some of the most upvoted were at the bottom. So they then implemented hiding the voting scores next to the users name. This made impossible to work out the sentiment of the community and when combined with selectively setting the sorting order to controversial it was possible control what information users were seeing. Also, due to the very very large number of removed comments and users it was becoming obvious the scale of censorship going on. To hide this they implemented code in their CSS for the sub that completely hid comments that they had removed so that the censorship itself was hidden. Anyone in support of scaling bitcoin were removed from the main communication channels. Theymos even proudly announced that he didn't care if he had to remove 90% of the users. He also later acknowledged that he knew he had the ability to block support of this software using the control he had over the communication channels.
While this was all going on, Blockstream and it's employees started lobbying the community by paying for conferences about scaling bitcoin, but with the very very strange rule that no decisions could be made and no complete solutions could be proposed. These conferences were likely strategically (and successfully) created to stunt support for the scaling software Gavin and Mike had released by forcing the community to take a "lets wait and see what comes from the conferences" kind of approach. Since no final solutions were allowed at these conferences, they only served to hinder and splinter the communities efforts to find a solution. As the software Gavin and Mike released called BitcoinXT gained support it started to be attacked. Users of the software were attack by DDOS. Employees of Blockstream were recommending attacks against the software, such as faking support for it, to only then drop support at the last moment to put the network in disarray. Blockstream employees were also publicly talking about suing Gavin and Mike from various different angles simply for releasing this open source software that no one was forced to run. In the end Mike Hearn decided to leave due to the way many members of the bitcoin community had treated him. This was due to the massive disinformation campaign against him on bitcoin. One of the many tactics that are used against anyone who does not support Blockstream and the bitcoin developers who work for them is that you will be targeted in a smear campaign. This has happened to a number of individuals and companies who showed support for scaling bitcoin. Theymos has threatened companies that he will ban any discussion of them on the communication channels he controls (i.e. all the main ones) for simply running software that he disagrees with (i.e. any software that scales bitcoin).
As time passed, more and more proposals were offered, all against the backdrop of ever increasing censorship in the main bitcoin communication channels. It finally come down the smallest and most conservative solution. This solution was much smaller than even the employees of Blockstream had proposed months earlier. As usual there was enormous attacks from all sides and the most vocal opponents were the employees of Blockstream. These attacks still are ongoing today. As this software started to gain support, Blockstream organised more meetings, especially with the biggest bitcoin miners and made a pact with them. They promised that they would release code that would offer an on-chain scaling solution hardfork within about 4 months, but if the miners wanted this they would have to commit to running their software and only their software. The miners agreed and the ended up not running the most conservative proposal possible. This was in February last year. There is no hardfork proposal in sight from the people who agreed to this pact and bitcoin is still stuck with the exact same transaction limit it has had since the limit was put in place about 6 years ago. Gavin has also been publicly smeared by the developers at Blockstream and a plot was made against him to have him removed from the development team. Gavin has now been, for all intents an purposes, expelled from bitcoin development. This has meant that all control of bitcoin development is in the hands of the developers working at Blockstream.
There is a new proposal that offers a market based approach to scaling bitcoin. This essentially lets the market decide. Of course, as usual there has been attacks against it, and verbal attacks from the employees of Blockstream. This has the biggest chance of gaining wide support and solving the problem for good.
To give you an idea of Blockstream; It has hired most of the main and active bitcoin developers and is now synonymous with the "Core" bitcoin development team. They AFAIK no products at all. They have received around $75m in funding. Every single thing they do is supported by theymos. They have started implementing an entirely new economic system for bitcoin against the will of it's users and have blocked any and all attempts to scaling the network in line with the original vision.
Although this comment is ridiculously long, it really only covers the tip of the iceberg. You could write a book on the last two years of bitcoin. The things that have been going on have been mind blowing. One last thing that I think is worth talking about is the u/bashco's claim of vote manipulation.
The users that the video talks about have very very large numbers of downvotes mostly due to them having a very very high chance of being astroturfers. Around about the same time last year when Blockstream came active on the scene every single bitcoin troll disappeared, and I mean literally every single one. In the years before that there were a large number of active anti-bitcoin trolls. They even have an active sub buttcoin. Up until last year you could go down to the bottom of pretty much any thread in bitcoin and see many of the usual trolls who were heavily downvoted for saying something along the lines of "bitcoin is shit", "You guys and your tulips" etc. But suddenly last year they all disappeared. Instead a new type of bitcoin user appeared. Someone who said they were fully in support of bitcoin but they just so happened to support every single thing Blockstream and its employees said and did. They had the exact same tone as the trolls who had disappeared. Their way to talking to people was aggressive, they'd call people names, they had a relatively poor understanding of how bitcoin fundamentally worked. They were extremely argumentative. These users are the majority of the list of that video. When the 10's of thousands of users were censored and expelled from bitcoin they ended up congregating in btc. The strange thing was that the users listed in that video also moved over to btc and spend all day everyday posting troll-like comments and misinformation. Naturally they get heavily downvoted by the real users in btc. They spend their time constantly causing as much drama as possible. At every opportunity they scream about "censorship" in btc while they are happy about the censorship in bitcoin. These people are astroturfers. What someone somewhere worked out, is that all you have to do to take down a community is say that you are on their side. It is an astoundingly effective form of psychological attack.
Source: https://np.reddit.com/BitcoinMarkets/comments/6rxw7k/informative_btc_vs_bch_articles/dl8v4lp/
Sources:
https://twitter.com/adam3us/status/633119949943275520
https://www.reddit.com/Bitcoin/comments/3hb63g/bip_suggestion_lock_the_blockchain_to_only/cu5v2u2/
https://www.reddit.com/Bitcoin/comments/3h9cq4/its_time_for_a_break_about_the_recent_mess/
https://www.reddit.com/Bitcoin/comments/3uu3we/bitstamp_will_switch_to_bip_101_this_decembe
https://www.reddit.com/Bitcoin/comments/3uu3we/bitstamp_will_switch_to_bip_101_this_decembecxi370c/
https://www.reddit.com/Bitcoin/comments/3rejl9/coinbase_ceo_brian_armstrong_bip_101_is_the_best/cwpglh6
https://www.reddit.com/Bitcoin/comments/3axnc3/this_is_the_definition_of_fud_how_to_subvert/
https://www.reddit.com/btc/comments/3z0pkq/theymos_caught_redhanded_why_he_censors_all_the/
http://pastebin.com/1kvuj5bw
https://www.reddit.com/btc/comments/418r0l/lukejr_is_already_trying_to_sabotage_bitcoin/
https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.cjuafsypy
https://www.reddit.com/Bitcoin/comments/3axnc3/this_is_the_definition_of_fud_how_to_subvert/
https://medium.com/@bitcoinroundtable/bitcoin-roundtable-consensus-266d475a61ff#.g42rjs2ew
https://news.bitcoin.com/bitcoin-classic-targeted-by-ddos-attacks/
https://www.reddit.com/btc/comments/5h2wiv/was_theymos_running_a_botnet_in_2007_theymos/?
https://www.reddit.com/btc/comments/5fm11b/unullc_is_actively_trying_to_delete_satoshi_from/?
https://github.com/BitcoinUnlimited/BitcoinUnlimited/pull/180#discussion_r91823463
submitted by MobTwo to btc [link] [comments]

Top mod of /r/bitcoin is threatening to ban a high-profile bitcoin exchange if they support an alternative client software. Downvotes start raining again.

CEO of bitcoin exchange has voiced his support for increasing the block-size of bitcoin. This is a very controversial and divisive issue in bitcoin these days and the top mod (who clearly opposes that proposal) banned any discussion about that. check previous drama for more details. 2nd one.
Today's drama starts here:
"If Coinbase starts promoting XT to customers directly on coinbase.com, Coinbase will be banned."
..
Round 2
..
side drama:
Is it brigading if you follow a link from /bitcoin thread to another /bitcoin post and voted on it?
submitted by -_--__- to SubredditDrama [link] [comments]

Bitcoin XT nodes being DDOSed?

We run chunkhost.com and a couple of days ago received a DDOS attack against one of our customers (as we sometimes do). Upon investigation, the customer explained he had been using the server as a bitcoin node for the backend for a bitcoin ATM for over a year with no issue. He just recently switched to XT to show support for BIP 101, and was summarily attacked!
Has anybody else seen this running XT?
submitted by zhoujianfu to Bitcoin [link] [comments]

Bitcoin Classic hard fork causes chaos on /r/Bitcoin! Luke-Jr complains about "blatant lies from a new altcoin calling itself Bitcoin Classic", reveals his ignorance on 2 basic aspects of Bitcoin governance! Theymos deletes top post by E Vorhees, mod StarMaged undeletes it, Theymos fires StarMaged!

TL;DR: There's so much chaos going on right now over at /Bitcoin that it's hard to keep up. All because the new repo Bitcoin Classic got announced and people liked it. (And a couple of days ago CoinBase announced they were testing another repo, XT.)
Here's a a quick summary of the drama at /Bitcoin regarding Bitcoin Classic, with some links:
Gavin Andresen and industry leaders join together under Bitcoin Classic client - Hard Fork to 2MB
This is just sad, luke-jr already calling Bitcoin Classic an altcoin
Censored: front page thread about Bitcoin Classic
StarMaged no longer a mod on /bitcoin
Here's some further analysis of the whole mess:
Luke-Jr stamping his feet and revealing his ignorance about two basic concepts of Bitcoin governance
https://np.reddit.com/Bitcoin/comments/40pryy/psa_beware_blatant_lies_coming_out_of_a_new/cyw4tqp
Luke-Jr apparently seems to believe that if devs want to fork away from Core, they must first:
How clueless can Luke-Jr be?
He can't seem to grasp the fact that the Bitcoin Classic devs disagree with the Core devs - which is why they're forking a new, independent repo,away from Core. To give users a choice among Bitcoin clients.
Devs who want to work on Bitcoin Classic obviously don't need permission from Core. They're totally separate repos. "Decentralized development" and all.
But poor Luke-Jr, living in his bubble, with his centralized, top-down, authoritarian worldview, just can't seem to wrap his head around these simple and obvious facts:
As a new Bitcoin dev team, Bitcoin Classic can have its own series of BIPs ("BCLIPs"?).
And Bitcoin Classic can get consensus among its own devs - and also, among its users - an area where Core / Blockstream devs have been doing a horrible job, because:
By the way, Peter Todd evidently knows way more about Bitcoin governance than Luke-Jr
Peter Todd actually understands these basic concepts about Bitcoin governance. Maybe he could give Luke-Jr some remedial coaching to get him up to speed on this complicated stuff?
Peter Todd: If consensus among devs can't be reached, it's certainly more productive if the devs who disagree present themselves as a separate team with different goals; trying to reach consensus within the same team is silly given that the goals of the people involved are so different.
https://np.reddit.com/btc/comments/3xhsel/peter_todd_if_consensus_among_devs_cant_be/
Bitcoin Classic gets off to a strong start; /Bitcoin descends into chaos
The new repo Bitcoin Classic has gotten off to a strong start, because it gives miners what they want.
Meanwhile, /Bitcoin is starting to descend into chaos over the whole thing.
The problem for /Bitcoin is that a repo has finally come along which actually provides some simple, popular and robust short-term and long-term scaling solutions that most stakeholders are in agreement about.
Bitcoin Classic didn't stumble upon this by accident. Their team already includes two key members:
  • jtoomim, a minecoder who's been testing sofware and talking to users on both sides of the Great Firewall of China for several months now, so he can be sure he's giving them what they actually want.
  • gavinandresen, a highly respected coder who Satoshi originally handed control of the first Bitcoin repo over to (before Blockstream hijacked it). Gavin is well-known for his firm belief that users (not devs) should have control. He has already confirmed that he's going to work on Bitcoin Classic. And he's also stated that his "new favorite max-blocksize scaling propsal" is BitPay's Adaptive Block Size Limit (instead of BIP 101).
BitPay's Adaptive Block Size Limit
BitPay's Adaptive Block Size Limit seems to be the first blocksize proposal with good chances for achieving consensus among users, because offers the following advantages:
(1) It's simple and easy to understand;
(2) It starts off with a tiny bump to 2 MB, which miners are already in consensus about;
(2) "It makes it clear that miners are in control, not devs";
(4) It has a robust, responsive roadmap for scaling long-term, with "max blocksize" based on the median of previous actual block sizes (or possibly some other algorithm which the community might decide upon).
The key feature of Bitcoin Classic is that it puts users in control - not devs
So Bitcoin Classic has gotten off to a great start right out of the gate, due to the involvement of JToomim and Gavin who have been writing code and running tests and - perhaps most importantly - listening to users, to make sure this repo gives them what they want.
A lot of what Bitcoin Classic is about isn't so much this or that specific spec. First and foremost, it's about "making it clear that miners are in control, not devs".
As you might imagine, this kind of democratic approach is driving /Bitcoin crazy.
/Bitcoin doesn't know what to do about Bitcoin Classic
After living in their faraway bubble of censorship for the past year, ruled by a tyrant and surrounded by yes-men and trolls, twisting themselves into contortions trying to redefine "altcoins" and "forks" and "consensus", the guys over at /Bitcoin now find themselves totally unable to figure out what to do, now that the Bitcoin user community is finally getting excited about a new repo offering simple and popular scaling solutions.
The guys over at /Bitcoin simply have no idea how to handle this, now that "consensus" looks like it might be starting to form around a repo which they don't control.
Well, what did they expect? How could consensus ever form on their forum when they don't allow anyone to debate anything over there? Did they think it was just going to magically to drop out of the sky engraved on stone tablets or something?
Anyways, here's a summary of some of the chaos happening over at /Bitcoin this past week - first due to Coinbase daring to test the Bitcoin XT repo, and second due to the Bitcoin Classic repo getting announced:
/Bitcoin goes into meltdown over CoinBase testing XT
  • CoinBase states in their blog that they were testing the Bitcoin XT repo (which competes with Core), so that they would be able to continue serving their customers without interruption in case of a fork;
  • Theymos throws a fit and removes Coinbase from bitcoin.org;
  • A thread on Core's GitHub repo goes up and get 95% ACKs saying that CoinBase should be un-removed;
  • Theymos forces Charlie Lee to go through one of those Communist-style "rehabilitations" where he has to sign one of those public "confessions" you used to see political prisoners in dictatorships forced into;
  • Theymos un-removes Coinbase from bitcoin.org - spewing his usual nonsense and getting massively downvoted as usual;
  • Finally, a pull-request goes up up on Core's Github repo where they say they're officially distancing themselves from bitcoin.org (and will probably getting their own site).
So over the course of a couple days Theymos has managed to alienate one of the largest licensed Bitcoin financial institutions in the USA, and seems to have caused some kind of split to start forming between Core and /Bitcoin.
/Bitcoin goes into meltdown over Bitcoin Classic forking away from Core
  • SatoshisCat makes a post in /Bitcoin about Bitcoin Classic, it gets hundreds of upvotes, goes to 1st or 2nd place [Note: Title of this OP incorrectly says that "E Vorhees" made that post; the title of this OP should have said that SatoshisCat made that post. Sorry - too late to change the title of this OP now.];
  • Theymos removes the post because it's "spam" or an "altcoin" or something;
  • E Vorhees complains in another post, calling it "censhorship";
  • Luke-Jr weighs in and says they don't "censor", they only "moderate" - and gets massively downvoted;
  • One of the other mods (StarMaged) at /Bitcoin un-removes the post by E Vorhees that had been previously removed;
  • Theymos removes StarMaged's moderator privileges;
  • Theymos decides to leave the post back up - and digs himself deeper into a hole spewing his usual nonsense and getting massive downvotes and criticisms.
At this point, I'm just laughing out loud.
How do Luke-Jr and his censor-buddy Theymos always manage to get everything so totally wrong??
We know part of the answer:
  • They're well-meaning, but very young and inexperienced;
  • They're smart about some things - but this gives them big egos and a big blind spot, so they're unaware that they're not so smart about everything;
  • They no longer know what people are thinking and talking about in the real world, because they've isolated themselves in a bubble of censorship and yes-men for the past years (plus lots of trolls who love to frolic at /Bitcoin, knowing they're safe there);
  • They don't know one of the eternal facts about human psychology and politics: "Power corrupts, and absolute power corrupts absolutely." Did they really think they were going to be an exception?
  • Evidently they didn't get the memo that most people who are into Bitcoin aren't into bowing down to central authorities.
Maybe someday these kids will grow up and learn about things like politics and economics and history - or things like Nassim Taleb's concept anti-fragility.
For the moment, they apparently have no clue about their tyranny has left them fragile and vulnerable, now that they've silenced anyone around them who might open their eyes and challenge their ideas.
More about Bitcoin Classic
If you want to read more about Bitcoin Classic, here's some posts that might be interesting:
https://bitcoinclassic.com/
We are hard forking bitcoin to a 2 MB blocksize limit. Please join us.
The data shows consensus amongst miners for an immediate 2 MB increase, and demand amongst users for 8 MB or more. We are writing the software that miners and users say they want. We will make sure that it solves their needs, help them deploy it, and gracefully upgrade the bitcoin network’s capacity together.
We call our code repository Bitcoin Classic. It is a one-feature patch to bitcoin-core that increases the blocksize limit to 2 MB.
In the future we will continue to release updates that are in line with Satoshi’s whitepaper & vision, and are agreed upon by the community.
I'm working on a project called Bitcoin Classic to bring democracy and Satoshi's original vision back to Bitcoin development.
https://np.reddit.com/btc/comments/4089aj/im_working_on_a_project_called_bitcoin_classic_to/
Bitcoin Classic "We are hard forking bitcoin to a 2 MB blocksize limit. Please join us."
https://np.reddit.com/btc/comments/40lo56/bitcoin_classic_we_are_hard_forking_bitcoin_to_a/
Bitcoin Classic is coming
https://np.reddit.com/btc/comments/40gh5l/bitcoin_classic_is_coming/
BitPay's Adaptive Block Size Limit is my favorite proposal. It's easy to explain, makes it easy for the miners to see that they have ultimate control over the size (as they always have), and takes control away from the developers. – Gavin Andresen
https://np.reddit.com/btc/comments/40kmny/bitpays_adaptive_block_size_limit_is_my_favorite/
Warning: I wrote the following post which most people said was waaay too long, but some people managed to slog through it and actually said they liked it. It's long - but conversational, focusing more on governance than on technology. =)
"Eppur, se muove." | It's not even about the specifics of the specs. It's about the fact that (for the first time since Blockstream hijacked the "One True Repo"), we can now actually once again specify those specs. It's about Bitcoin Classic.
https://np.reddit.com/btc/comments/40nufb/eppur_se_muove_its_not_even_about_the_specifics/
Hope you enjoy the drama!
submitted by ydtm to btc [link] [comments]

My draft for a new /r/btc FAQ explaining the split from /r/Bitcoin to new users

If /btc is going to actually compete with /Bitcoin, it needs to be just as friendly and informative to new users, especially given its position as the “non default” or “breakaway” sub. The current /btc sticky saying "Welcome to the Wiki" doesn't even have any content in it and I feel this is a bit of a wasted opportunity to create an informative resource that new users will see by default and everyone else can link to instead of retyping things over and over about the history and difference between the subs.
Here's what I've written as a starting point. I've done my best to keep it as concise and relevant as possible but in all honesty it is a complicated issue and a short but effective explanation is basically impossible. I hope the community can expand/improve on it further.
Quick bit about me
I got into Bitcoin in October 2013, when /Bitcoin had around 40k subscribers if I remember correctly, so by now I've actually personally experienced a large portion of Bitcoin's history - including the events preceding and since the creation of this sub. I have been an active and popular poster on /Bitcoin for almost all of that time, until the split and my subsequent banning. With the recent censorship fiasco, I'm finding I have to reiterate the same points over and over again to explain to newer users what happened with the /Bitcoin vs /btc split, questions about hard forks, what is likely to happen in the future and so on. So I put a couple of hours into writing this post to save myself the trouble in future.

/btc FAQ - Historical split from /Bitcoin megathread - v0.1

There is a TL:DR; at the bottom, but it is exactly that. If you skip straight to the TL:DR; then don’t expect sympathy when you post questions that have already been covered in the lengthy and detailed main post.

New to Bitcoin?

I am totally new to Bitcoin. What is it? How does it work? Can/should I mine any? Where can I buy some? How do I get more information?
All of these questions are actually really well covered in the /Bitcoin FAQ. Check it out in a new tab here. Once you've got a bit of a handle on the technology as a whole, come back here for the rest of the story.

History: /btc vs /Bitcoin

What's the difference between /btc and /Bitcoin? What happened to create two such strongly opposed communities? Why can't I discuss /btc in /Bitcoin?
Historically, the /Bitcoin subreddit was the largest and most active forum for discussing Bitcoin. As Bitcoin grew close to a cap in the number of transactions it could process, known as the 1MB block size limit, the community had differing opinions on the best way to proceed. Note that this upcoming issue was anticipated well ahead of time, with Satoshi's chosen successor to lead the project Gavin Andresen posting about it in mid 2015. Originally, there was quite a broad spread of opinions - some people favoured raising the blocksize to various extents, some people favoured implementing a variety of second layer solutions to Bitcoin, probably most people thought both could be a good idea in one form or another.
This topic was unbelievably popular at the time, taking up almost every spot on the front page of /Bitcoin for weeks on end.
Unfortunately, the head moderator of /Bitcoin - theymos - felt strongly enough about the issue to use his influence to manipulate the debate. His support was for the proposal of existing software (called Bitcoin Core) NOT to raise the blocksize limit past 1MB and instead rely totally on second layer solutions - especially one called Segregated Witness (or SegWit). With some incredibly convoluted logic, he decided that any different implementations of Bitcoin that could potentially raise the limit were effectively equivalent to separate cryptocurrencies like Litecoin or Ethereum and thus the block size limit or implement other scaling solutions were off-topic and ban-worthy. At the time the most popular alternative was called Bitcoin XT and was supported by experienced developers Gavin Andresen and Mike Hearn, who have since both left Bitcoin Core development in frustration at their marginalisation. Theymos claimed that for Bitcoin XT or any other software implementation to be relevant to /Bitcoin required "consensus", which was never well defined, despite it being seemingly impossible for everyone to agree on the merits of a new project if no one was allowed to discuss it in the first place. Anyone who didn't toe the line of his vaguely defined moderation policy was temporarily or permanently banned. There was also manipulation of the community using the following tactics - which can still be seen today:
This created enormous uproar among users, as even many of those in favour of Bitcoin Core thought it was authoritarian to actively suppress this crucial debate. theymos would receive hundreds of downvotes whenever he posted: for example here where he gets -749 for threatening to ban prominent Bitcoin business Coinbase from the subreddit.
In an extraordinary turn of events, Theymos posted a thread which received only 26% upvotes in a sample size of thousands announcing that he did not care if even 90% of users disagreed with his policy, he would not change his opinion or his moderation policy to facilitate the discussion the community wanted to have. His suggested alternative was instead for those users, however many there were, to leave.
Here are Theymos' exact words, as he describes how he intends to continue moderating Bitcoin according to his own personal rules rather than the demands of the vast majority of users, who according to him clearly don't have any "real arguments" or "any brains".
Do not violate our rules just because you disagree with them. This will get you banned from /Bitcoin , and evading this ban will get you (and maybe your IP) banned from Reddit entirely.
If 90% of /Bitcoin users find these policies to be intolerable, then I want these 90% of /Bitcoin users to leave. Both /Bitcoin and these people will be happier for it. I do not want these people to make threads breaking the rules, demanding change, asking for upvotes, making personal attacks against moderators, etc. Without some real argument, you're not going to convince anyone with any brains -- you're just wasting your time and ours. The temporary rules against blocksize and moderation discussion are in part designed to encourage people who should leave /Bitcoin to actually do so so that /Bitcoin can get back to the business of discussing Bitcoin news in peace.
/btc was therefore born in an environment not of voluntary departure but of forced exile.
This forced migration caused two very unfortunate occurrences:
  1. It polarised the debate around Bitcoin scaling. Previously, there was a lot of civil discussion about compromise and people with suggestions from all along the spectrum were working to find the best solution. That was no longer possible when a moderation policy would actively suppress anyone with opinions too different from Theymos. Instead it forced everyone into a "with us or against us" situation, which is why the /btc subreddit has been pushed so far in favour of the idea of a network hard fork (discussed below).
  2. It has distracted Bitcoin from its mission of becoming a useful, global, neutral currency into a war of information. New users often find /Bitcoin and assume it to be the authoritative source of information, only to later discover that a lot of important information or debate has been invisibly removed from their view.
Since then, like any entrenched conflict, things have degenerated somewhat on both sides to name calling and strawman arguments. However, /btc remains committed to permitting free and open debate on all topics and allowing user downvotes to manage any "trolling" (as /Bitcoin used to) instead of automatic shadow-banning or heavy-handed moderator comment deletion (as /Bitcoin does now). Many users in /Bitcoin deny that censorship exists at all (it is difficult to see when anyone pointing out the censorship has their comment automatically hidden by the automoderator) or justify it as necessary removal of "trolls", which at this point now includes thousands upon thousands of current and often long-standing Bitcoin users and community members.
Ongoing censorship is still rampant, partially documented in this post by John Blocke
For another detailed account of this historical sequence of events, see singularity87 s posts here and here.
/btc has a public moderator log as demonstration of its commitment to transparency and the limited use of moderation. /Bitcoin does not.
Why is so much of the discussion in /btc about the censorship in /Bitcoin? Isn't a better solution to create a better community rather than constantly complaining?
There are two answers to this question.
  1. Over time, as /btc grows, conversation will gradually start to incorporate more information about the Bitcoin ecosystem, technology, price etc. Users are encouraged to aid this process by submitting links to relevant articles and up/downvoting on the /new and /rising tab as appropriate. However, /btc was founded effectively as a refuge for confused and angry users banned from /Bitcoin and it still needs to serve that function so at least some discussion of the censorship will probably always persist (unless there is a sudden change of moderation policy in /Bitcoin).
  2. The single largest issue in Bitcoin right now is the current cap on the number of transactions the network can process, known as the blocksize limit. Due to the censorship in /Bitcoin, open debate of the merits of different methods of addressing this problem is impossible. As a result, the censorship of /Bitcoin (historically the most active and important Bitcoin community forum) has become by proxy the single most important topic in Bitcoin, since only by returning to open discussion would there be any hope of reaching agreement on the solution to the block size limit itself. As a topic of such central importance, there is naturally going to be a lot of threads about this until a solution is found. This is simply how Bitcoin works, that at any one time there is one key issue under discussion for lengthy periods of time (previous examples of community "hot topics" include the demise of the original Bitcoin exchange Mt Gox, the rise to a 51% majority hash rate of mining pool GHash.io and the supposed "unveiling" of Bitcoin's anonymous creator Satoshi Nakamoto).

Bitcoin Network Hard Forks

What is a hard fork? What happens if Bitcoin hard forks?
A network hard fork is when a new block of transactions is published under a new set of rules that only some of the network will accept. In this case, Bitcoin diverges from a single blockchain history of transactions to two separate blockchains of the current state of the network. With any luck, the economic incentive for all users to converge quickly brings everyone together on one side of the fork, but this is not guaranteed especially since there is not a lot of historical precedent for such an event.
A hard fork is necessary to raise the block size limit above its 1MB cap.
Why is /btc generally in favour of a hard fork and /Bitcoin generally against?
According to a lot of users on /Bitcoin - a hard fork can be characterised as an “attack” on the network. The confusion and bad press surrounding a hard fork would likely damage Bitcoin’s price and/or reputation (especially in the short term). They point to the ongoing turmoil with Ethereum as an example of the dangers of a hard fork. Most of /Bitcoin sees the stance of /btc as actively reckless, that pushing for a hard fork creates the following problems:
According to a lot of users on /btc - a hard fork is necessary despite these risks. Most of /btc sees the stance of /Bitcoin as passively reckless, that continuing to limit Bitcoin’s blocksize while remaining inactive creates the following problems:
Bitcoiners are encouraged to examine all of the information and reach their own conclusion. However, it is important to remember that Bitcoin is an open-source project founded on the ideal of free market competition (between any/all software projects, currencies, monetary policies, miners, ideas etc.). In one sense, /btc vs /Bitcoin is just another extension of this, although Bitcoiners are also encouraged to keep abreast of the top posts and links on both subreddits. Only those afraid of the truth need to cut off opposing information.
What do Bitcoin developers, businesses, users, miners, nodes etc. think?
Developers
There are developers on both sides of the debate, although it is a common argument in /Bitcoin to claim that the majority supports Bitcoin Core. This is true in the sense that Bitcoin Core is the current default and has 421 listed code contributors but misleading because not only are many of those contributors authors of a single tiny change and nothing else but also many major figures like Gavin Andresen, Mike Hearn and Jeff Garzik have left the project while still being counted as historical contributors.
Businesses including exchanges etc.
A definite vote of confidence is not available from the vast majority of Bitcoin businesses, and wouldn't be binding in any case. The smart decision for most businesses is to support both chains in the event of a fork until the network resolves the issue (which may only be a day or two).
Users
Exact user sentiment is impossible to determine, especially given the censorship on /Bitcoin.
Miners and Nodes
Coin.dance hosts some excellent graphical representations of the current opinion on the network.
Node Support Information
Miner Support Information
What do I do if the network hard forks?* Do we end up with two Bitcoins?
Firstly, in the event of a hard fork there is no need to panic. All Bitcoins are copied to both chains in the case of a split, so any Bitcoins you have are safe. HOWEVER, in the event of a fork there will be some period of confusion where it is important to be very careful about how/why you spend your Bitcoins. Hopefully (and most likely) this would not last long - everyone in Bitcoin is motivated to converge into agreement for everyone's benefit as soon as possible - but it's impossible to say for sure.
There isn't a lot of historical data about cryptocurrency hard forks, but one example is alternative cryptocurrency Ethereum that forked into two coins after the events of the DAO and currently exists as two separate chains, ETH (Ethereum) and ETC (Ethereum Classic).
The Ethereum fork is not a good analogy for Bitcoin because its network difficulty target adjusts every single block, so a massive drop in hash rate does not significantly impede its functioning. Bitcoin’s difficult target adjusts only every 2100 blocks - which under usual circumstances takes two weeks but in the event of a hard fork could be a month or more for the smaller chain. It is almost inconceivable that a minority of miners would willingly spend millions of dollars over a month or more purely on principle to maintain a chain that was less secure and processed transactions far slower than the majority chain - even assuming the Bitcoins on this handicapped chain didn't suffer a market crash to close to worthless.
Secondly, a hard fork is less likely to be a traumatic event than it is often portrayed in /Bitcoin:

What Happens Now

How do I check on the current status of opinion?
Coin.dance hosts some excellent graphical representations of the current opinion on the network.
Node Support Information
Miner Support Information
Users are also welcome to engage in anecdotal speculation about community opinion based on their impression of the commentary and activity in /btc and /Bitcoin.
Haven't past attempts to raise the blocksize failed?
There is no time limit or statute of limitations on the number of attempts the community can make to increase the block size and scale Bitcoin. Almost any innovation in the history of mankind required several attempts to get working and this is no different.
The initial attempt called Bitcoin XT never got enough support for a fork because key developer Mike Hearn left out of frustration at trying to talk around all the censorship and community blockading.
The second major attempt called Bitcoin Classic gained massive community momentum until it was suddenly halted by the drastic implementation of censorship by Theymos described above.
The most popular attempt at the moment is called Bitcoin Unlimited.
/btc is neutral and welcoming to any and all projects that want to find a solution to scaling Bitcoin - either on-or off-chain. However, many users are suspicious of Bitcoin Core's approach that involves only SegWit, developed by a private corporation called Blockstream and that has already broken its previous promises in a document known as the Hong Kong Agreement to give the network a block size limit raise client along with Segregated Witness (only the latter was delivered) .
What if the stalemate is irreconcilable and nothing ever happens?
Increasing transaction fees and confirmation times are constantly increasing the pressure to find a scaling solution - leading some to believe that further adoption of Bitcoin Unlimited or a successor scaling client will eventually occur. Bitcoin Core's proposed addition of SegWit is struggling to gain significant support and as it is already the default client (and not censored in /Bitcoin) it is unlikely to suddenly grow any further.
If the stalemate is truly irreconcilable, eventually users frustrated by the cost, time and difficulty of Bitcoin will begin migrating to alternative cryptocurrencies. This is obviously not a desirable outcome for long standing Bitcoin supporters and holders, but cannot be ignored as the inevitable free market resort if Bitcoin remains deadlocked for long enough.

TL:DR;

I don’t know anything about Bitcoin. Help me?
What’s the /btc vs /Bitcoin story?
  • Bitcoin is at its transaction capacity and needs to scale to onboard more users
  • The community was discussing different ways to do this until the biased head moderator of /Bitcoin Theymos got involved
  • Theymos, started an authoritarian censorship rampage which culminated in telling 90% of /Bitcoin users to leave. /btc is where they went. Here is the thread where it all started. Note the 26% upvoted on the original post, the hundreds of upvotes of community outcry in the comments and the graveyard of [removed] posts further down the chain. Highly recommended reading in its entirety.
  • To this day, /Bitcoin bans all discussion of alternative scaling proposals and /btc
  • Bitcoin is about freedom, and can’t function effectively with either an artificially restricted transaction cap or a main community forum that is so heavily manipulated. This subreddit is the search for solutions to both problems as well as general Bitcoin discussion.
What’s the deal with hard forks?
  • No TL:DR; possible, read the whole post.
What happens now?
  • Node Support Information
  • Miner Support Information
  • Debate continues in /btc, and generally doesn't continue in /Bitcoin - although posts referencing /btc or Bitcoin Unlimited regularly sneak past the moderators because it is such a crucial topic
  • Eventually one side or the other breaks, enough miners/nodes/users get on one side and Bitcoin starts scaling. This may or may not involve a hard fork.
  • If not, fees and average confirmation times continue to rise until users migrate en masse to an altcoin. This is not an imminent danger, as can be seen by the BTC marketcap dominance at its historical levels of 80+% but could change at any time
submitted by Shibinator to btc [link] [comments]

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