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Initially, I liked SegWit. But then I learned SegWit-as-a-SOFT-fork is dangerous (making transactions "anyone-can-spend"??) & centrally planned (1.7MB blocksize??). Instead, Bitcoin Unlimited is simple & safe, with MARKET-BASED BLOCKSIZE. This is why more & more people have decided to REJECT SEGWIT.

Initially, I liked SegWit. But then I learned SegWit-as-a-SOFT-fork is dangerous (making transactions "anyone-can-spend"??) & centrally planned (1.7MB blocksize??). Instead, Bitcoin Unlimited is simple & safe, with MARKET-BASED BLOCKSIZE. This is why more & more people have decided to REJECT SEGWIT.
Summary
Like many people, I initially loved SegWit - until I found out more about it.
I'm proud of my open-mindedness and my initial - albeit short-lived - support of SegWit - because this shows that I judge software on its merits, instead of being some kind of knee-jerk "hater".
SegWit's idea of "refactoring" the code to separate out the validation stuff made sense, and the phrase "soft fork" sounded cool - for a while.
But then we all learned that:
And we also got much better solutions: such as market-based blocksize with Bitcoin Unlimited - way better than SegWit's arbitrary, random centrally-planned, too-little-too-late 1.7MB "max blocksize".
This is why more and more people are rejecting SegWit - and instead installing Bitcoin Unlimited.
In my case, as I gradually learned about the disastrous consequences which SegWit-as-a-soft-fork-hack would have, my intial single OP in December 2015 expressing outspoken support for SegWit soon turned to an avalanche of outspoken opposition to SegWit.
Details
Core / Blockstream lost my support on SegWit - and it's all their fault.
How did Core / Blockstream turn me from an outspoken SegWit supporter to an outspoken SegWit opponent?
It was simple: They made the totally unnecessary (and dangerous) decision to program SegWit as a messy and dangerous soft-fork which would:
  • create a massive new threat vector by making all transactions "anyone-can-spend";
  • force yet-another random / arbitrary / centrally planned "max blocksize" on everyone (previously 1 MB, now 1.7MB - still pathetically small and hard-coded!).
Meanwhile, new, independent dev teams which are smaller and much better than the corrupt, fiat-financed Core / Blockstream are offering simpler and safer solutions which are much better than SegWit:
  • For blocksize governance, we now have market-based blocksize based on emergent consensus, provided by Bitcoin Unlimited.
  • For malleability and quadratic hashing time (plus a future-proof, tag-based language similar to JSON or XML supporting much cleaner upgrades long-term), we now have Flexible Transactions (FlexTrans).
This is why We Reject SegWit because "SegWit is the most radical and irresponsible protocol upgrade Bitcoin has faced in its history".
My rapid evolution on SegWit - as I discovered its dangers (and as we got much better alternatives, like Bitcoin Unlimited + FlexTrans):
Initially, I was one of the most outspoken supporters of SegWit - raving about it in the following OP which I posted (on Monday, December 7, 2015) immediately after seeing a presentation about it on YouTube by Pieter Wuille at one of the early Bitcoin scaling stalling conferences:
https://np.reddit.com/btc/comments/3vt1ov/pieter_wuilles_segregated_witness_and_fraud/
Pieter Wuille's Segregated Witness and Fraud Proofs (via Soft-Fork!) is a major improvement for scaling and security (and upgrading!)
I am very proud of that initial pro-SegWit post of mine - because it shows that I have always been totally unbiased and impartial and objective about the ideas behind SegWit - and I have always evaluated it purely on its merits (and demerits).
So, I was one of the first people to recognize the positive impact which the ideas behind SegWit could have had (ie, "segregating" the signature information from the sender / receiver / amount information) - if SegWit had been implemented by an honest dev team that supports the interests of the Bitcoin community.
However, we've learned a lot since December 2015. Now we know that Core / Blockstream is actively working against the interests of the Bitcoin community, by:
  • trying to force their political and economic viewpoints onto everyone else by "hard-coding" / "bundling" some random / arbitrary / centrally-planned 1.7MB "max blocksize" (?!?) into our code;
  • trying to take away our right to vote via a clean and safe "hard fork";
  • trying to cripple our code with dangerous "technical debt" - eg their radical and irresponsible proposal to make all transactions "anyone-can-spend".
This is the mess of SegWit - which we all learned about over the past year.
So, Core / Blockstream blew it - bigtime - losing my support for SegWit, and the support of many others in the community.
We might have continued to support SegWit if Core / Blockstream had not implemented it as a dangerous and dirty soft fork.
But Core / Blockstream lost our support - by attempting to implement SegWit as a dangerous, anti-democratic soft fork.
The lesson here for Core/Blockstream is clear:
Bitcoin users are not stupid.
Many of us are programmers ourselves, and we know the difference between a simple & safe hard fork and a messy & dangerous soft fork.
And we also don't like it when Core / Blockstream attempts to take away our right to vote.
And finally, we don't like it when Core / Blockstream attempts to steal functionality away from nodes while using misleading terminology - as u/chinawat has repeatedly been pointing out lately.
We know a messy, dangerous, centrally planned hack when we see it - and SegWit is a messy, dangerous, centrally planned hack.
If Core/Blockstream attempts to foce messy and dangerous code like SegWit-as-a-soft-fork on the community, we can and should and we will reject SegWit - to protect our billions of dollars of investment in Bitcoin (which could turn into trillions of dollars someday - if we continue to protect our code from poison pills and trojans like SegWit).
Too bad you lost my support (and the support of many, many other Bitcoin users), Core / Blockstream! But it's your own fault for releasing shitty code.
Below are some earlier comments from me showing how I quickly turned from one of the most outspoken supporters of Segwit (in that single OP I wrote the day I saw Pieter Wuille's presentation on YouTube) - into one of most outspoken opponents of SegWit:
I also think Pieter Wuille is a great programmer and I was one of the first people to support SegWit after it was announced at a congress a few months ago.
But then Blockstream went and distorted SegWit to fit it into their corporate interests (maintaining their position as the dominant centralized dev team - which requires avoiding hard-forks). And Blockstream's corporate interests don't always align with Bitcoin's interests.
https://np.reddit.com/btc/comments/57zbkp/if_blockstream_were_truly_conservative_and_wanted/
As noted in the link in the section title above, I myself was an outspoken supporter championing SegWit on the day when I first the YouTube of Pieter Wuille explaining it at one of the early "Scaling Bitcoin" conferences.
Then I found out that doing it as a soft fork would add unnecessary "spaghetti code" - and I became one of the most outspoken opponents of SegWit.
https://np.reddit.com/btc/comments/5ejmin/coreblockstream_is_living_in_a_fantasy_world_in/
Pieter Wuille's SegWit would be a great refactoring and clean-up of the code (if we don't let Luke-Jr poison it by packaging it as a soft-fork)
https://np.reddit.com/btc/comments/4kxtq4/i_think_the_berlin_wall_principle_will_end_up/
Probably the only prominent Core/Blockstream dev who does understand this kind of stuff like the Robustness Principle or its equivalent reformulation in terms of covariant and contravariant types is someone like Pieter Wuille – since he’s a guy who’s done a lot of work in functional languages like Haskell – instead of being a myopic C-tard like most of the rest of the Core/Blockstream devs. He’s a smart guy, and his work on SegWit is really important stuff (but too bad that, yet again, it’s being misdelivered as a “soft-fork,” again due to the cluelessness of someone like Luke-Jr, whose grasp of syntax and semantics – not to mention society – is so glaringly lacking that he should have been recognized for the toxic influence that he is and shunned long ago).
https://np.reddit.com/btc/comments/4k6tke/the_tragedy_of/
The damage which would be caused by SegWit (at the financial, software, and governance level) would be massive:
  • Millions of lines of other Bitcoin code would have to be rewritten (in wallets, on exchanges, at businesses) in order to become compatible with all the messy non-standard kludges and workarounds which Blockstream was forced into adding to the code (the famous "technical debt") in order to get SegWit to work as a soft fork.
  • SegWit was originally sold to us as a "code clean-up". Heck, even I intially fell for it when I saw an early presentation by Pieter Wuille on YouTube from one of Blockstream's many, censored Bitcoin scaling stalling conferences)
  • But as we all later all discovered, SegWit is just a messy hack.
  • Probably the most dangerous aspect of SegWit is that it changes all transactions into "ANYONE-CAN-SPEND" without SegWit - all because of the messy workarounds necessary to do SegWit as a soft-fork. The kludges and workarounds involving SegWit's "ANYONE-CAN-SPEND" semantics would only work as long as SegWit is still installed.
  • This means that it would be impossible to roll-back SegWit - because all SegWit transactions that get recorded on the blockchain would now be interpreted as "ANYONE-CAN-SPEND" - so, SegWit's dangerous and messy "kludges and workarounds and hacks" would have to be made permanent - otherwise, anyone could spend those "ANYONE-CAN-SPEND" SegWit coins!
Segwit cannot be rolled back because to non-upgraded clients, ANYONE can spend Segwit txn outputs. If Segwit is rolled back, all funds locked in Segwit outputs can be taken by anyone. As more funds gets locked up in segwit outputs, incentive for miners to collude to claim them grows.
https://np.reddit.com/btc/comments/5ge1ks/segwit_cannot_be_rolled_back_because_to/
https://np.reddit.com/btc/search?q=segwit+anyone+can+spend&restrict_sr=on&sort=relevance&t=all
https://np.reddit.com/btc/comments/5r9cu7/the_real_question_is_how_fast_do_bugs_get_fixed/
Why are more and more people (including me!) rejecting SegWit?
(1) SegWit is the most radical and irresponsible change ever proposed for Bitcoin:
"SegWit encumbers Bitcoin with irreversible technical debt. Miners should reject SWSF. SW is the most radical and irresponsible protocol upgrade Bitcoin has faced in its history. The scale of the code changes are far from trivial - nearly every part of the codebase is affected by SW" Jaqen Hash’ghar
https://np.reddit.com/btc/comments/5rdl1j/segwit_encumbers_bitcoin_with_irreversible/
3 excellent articles highlighting some of the major problems with SegWit: (1) "Core Segwit – Thinking of upgrading? You need to read this!" by WallStreetTechnologist (2) "SegWit is not great" by Deadalnix (3) "How Software Gets Bloated: From Telephony to Bitcoin" by Emin Gün Sirer
https://np.reddit.com/btc/comments/5rfh4i/3_excellent_articles_highlighting_some_of_the/
"The scaling argument was ridiculous at first, and now it's sinister. Core wants to take transactions away from miners to give to their banking buddies - crippling Bitcoin to only be able to do settlements. They are destroying Satoshi's vision. SegwitCoin is Bankcoin, not Bitcoin" ~ u/ZeroFucksG1v3n
https://np.reddit.com/btc/comments/5rbug3/the_scaling_argument_was_ridiculous_at_first_and/
u/Uptrenda on SegWit: "Core is forcing every Bitcoin startup to abandon their entire code base for a Rube Goldberg machine making their products so slow, inconvenient, and confusing that even if they do manage to 'migrate' to this cluster-fuck of technical debt it will kill their businesses anyway."
https://np.reddit.com/btc/comments/5e86fg/uuptrenda_on_segwit_core_is_forcing_every_bitcoin/
"SegWit [would] bring unnecessary complexity to the bitcoin blockchain. Huge changes it introduces into the client are a veritable minefield of issues, [with] huge changes needed for all wallets, exchanges, remittance, and virtually all bitcoin software that will use it." ~ u/Bitcoinopoly
https://np.reddit.com/btc/comments/5jqgpz/segwit_would_bring_unnecessary_complexity_to_the/
Just because something is a "soft fork" doesn't mean it isn't a massive change. SegWit is an alt-coin. It would introduce radical and unpredictable changes in Bitcoin's economic parameters and incentives. Just read this thread. Nobody has any idea how the mainnet will react to SegWit in real life.
https://np.reddit.com/btc/comments/5fc1ii/just_because_something_is_a_soft_fork_doesnt_mean/
Core/Blockstream & their supporters keep saying that "SegWit has been tested". But this is false. Other software used by miners, exchanges, Bitcoin hardware manufacturers, non-Core software developers/companies, and Bitcoin enthusiasts would all need to be rewritten, to be compatible with SegWit
https://np.reddit.com/btc/comments/5dlyz7/coreblockstream_their_supporters_keep_saying_that/
SegWit-as-a-softfork is a hack. Flexible-Transactions-as-a-hard-fork is simpler, safer and more future-proof than SegWit-as-a-soft-fork - trivially solving malleability, while adding a "tag-based" binary data format (like JSON, XML or HTML) for easier, safer future upgrades with less technical debt
https://np.reddit.com/btc/comments/5a7husegwitasasoftfork_is_a_hack/
(2) Better solutions than SegWit are now available (Bitcoin Unlimited, FlexTrans):
ViABTC: "Why I support BU: We should give the question of block size to the free market to decide. It will naturally adjust to ever-improving network & technological constraints. Bitcoin Unlimited guarantees that block size will follow what the Bitcoin network is capable of handling safely."
https://np.reddit.com/btc/comments/574g5l/viabtc_why_i_support_bu_we_should_give_the/
"Why is Flexible Transactions more future-proof than SegWit?" by u/ThomasZander
https://np.reddit.com/btc/comments/5rbv1j/why_is_flexible_transactions_more_futureproof/
Bitcoin's specification (eg: Excess Blocksize (EB) & Acceptance Depth (AD), configurable via Bitcoin Unlimited) can, should & always WILL be decided by ALL the miners & users - not by a single FIAT-FUNDED, CENSORSHIP-SUPPORTED dev team (Core/Blockstream) & miner (BitFury) pushing SegWit 1.7MB blocks
https://np.reddit.com/btc/comments/5u1r2d/bitcoins_specification_eg_excess_blocksize_eb/
The Blockstream/SegWit/LN fork will be worth LESS: SegWit uses 4MB storage/bandwidth to provide a one-time bump to 1.7MB blocksize; messy, less-safe as softfork; LN=vaporware. The BU fork will be worth MORE: single clean safe hardfork solving blocksize forever; on-chain; fix malleability separately.
https://np.reddit.com/btc/comments/57zjnk/the_blockstreamsegwitln_fork_will_be_worth_less/
(3) Very few miners actually support SegWit. In fact, over half of SegWit signaling comes from just two fiat-funded miners associated with Core / Blockstream: BitFury and BTCC:
Brock Pierce's BLOCKCHAIN CAPITAL is part-owner of Bitcoin's biggest, private, fiat-funded private dev team (Blockstream) & biggest, private, fiat-funded private mining operation (BitFury). Both are pushing SegWit - with its "centrally planned blocksize" & dangerous "anyone-can-spend kludge".
https://np.reddit.com/btc/comments/5sndsz/brock_pierces_blockchain_capital_is_partowner_of/
(4) Hard forks are simpler and safer than soft forks. Hard forks preserve your "right to vote" - so Core / Blockstream is afraid of hard forks a/k/a "full node refendums" - because they know their code would be rejected:
The real reason why Core / Blockstream always favors soft-forks over hard-forks (even though hard-forks are actually safer because hard-forks are explicit) is because soft-forks allow the "incumbent" code to quietly remain incumbent forever (and in this case, the "incumbent" code is Core)
https://np.reddit.com/btc/comments/4080mw/the_real_reason_why_core_blockstream_always/
Reminder: Previous posts showing that Blockstream's opposition to hard-forks is dangerous, obstructionist, selfish FUD. As many of us already know, the reason that Blockstream is against hard forks is simple: Hard forks are good for Bitcoin, but bad for the private company Blockstream.
https://np.reddit.com/btc/comments/4ttmk3/reminder_previous_posts_showing_that_blockstreams/
"They [Core/Blockstream] fear a hard fork will remove them from their dominant position." ... "Hard forks are 'dangerous' because they put the market in charge, and the market might vote against '[the] experts' [at Core/Blockstream]" - ForkiusMaximus
https://np.reddit.com/btc/comments/43h4cq/they_coreblockstream_fear_a_hard_fork_will_remove/
The proper terminology for a "hard fork" should be a "FULL NODE REFERENDUM" - an open, transparent EXPLICIT process where everyone has the right to vote FOR or AGAINST an upgrade. The proper terminology for a "soft fork" should be a "SNEAKY TROJAN HORSE" - because IT TAKES AWAY YOUR RIGHT TO VOTE.
https://np.reddit.com/btc/comments/5e4e7d/the_proper_terminology_for_a_hard_fork_should_be/
If Blockstream were truly "conservative" and wanted to "protect Bitcoin" then they would deploy SegWit AS A HARD FORK. Insisting on deploying SegWit as a soft fork (overly complicated so more dangerous for Bitcoin) exposes that they are LYING about being "conservative" and "protecting Bitcoin".
https://np.reddit.com/btc/comments/57zbkp/if_blockstream_were_truly_conservative_and_wanted/
"We had our arms twisted to accept 2MB hardfork + SegWit. We then got a bait and switch 1MB + SegWit with no hardfork, and accounting tricks to make P2SH transactions cheaper (for sidechains and Lightning, which is all Blockstream wants because they can use it to control Bitcoin)." ~ u/URGOVERNMENT
https://np.reddit.com/btc/comments/5ju5r8/we_had_our_arms_twisted_to_accept_2mb_hardfork/
u/Luke-Jr invented SegWit's dangerous "anyone-can-spend" soft-fork kludge. Now he helped kill Bitcoin trading at Circle. He thinks Bitcoin should only hard-fork TO DEAL WITH QUANTUM COMPUTING. Luke-Jr will continue to kill Bitcoin if we continue to let him. To prosper, BITCOIN MUST IGNORE LUKE-JR.
https://np.reddit.com/btc/comments/5h0yf0/ulukejr_invented_segwits_dangerous_anyonecanspend/
Normal users understand that SegWit-as-a-softfork is dangerous, because it deceives non-upgraded nodes into thinking transactions are valid when actually they're not - turning those nodes into "zombie nodes". Greg Maxwell and Blockstream are jeopardizing Bitcoin - in order to stay in power.
https://np.reddit.com/btc/comments/4mnpxx/normal_users_understand_that_segwitasasoftfork_is/
"Negotiations have failed. BS/Core will never HF - except to fire the miners and create an altcoin. Malleability & quadratic verification time should be fixed - but not via SWSF political/economic trojan horse. CHANGES TO BITCOIN ECONOMICS MUST BE THRU FULL NODE REFERENDUM OF A HF." ~ u/TunaMelt
https://np.reddit.com/btc/comments/5e410j/negotiations_have_failed_bscore_will_never_hf/
"Anything controversial ... is the perfect time for a hard fork. ... Hard forks are the market speaking. Soft forks on any issues where there is controversy are an attempt to smother the market in its sleep. Core's approach is fundamentally anti-market" ~ u/ForkiusMaximus
https://np.reddit.com/btc/comments/5f4zaa/anything_controversial_is_the_perfect_time_for_a/
As Core / Blockstream collapses and Classic gains momentum, the CEO of Blockstream, Austin Hill, gets caught spreading FUD about the safety of "hard forks", falsely claiming that: "A hard-fork forced-upgrade flag day ... disenfranchises everyone who doesn't upgrade ... causes them to lose funds"
https://np.reddit.com/btc/comments/41c8n5/as_core_blockstream_collapses_and_classic_gains/
Core/Blockstream is living in a fantasy world. In the real world everyone knows (1) our hardware can support 4-8 MB (even with the Great Firewall), and (2) hard forks are cleaner than soft forks. Core/Blockstream refuses to offer either of these things. Other implementations (eg: BU) can offer both.
https://np.reddit.com/btc/comments/5ejmin/coreblockstream_is_living_in_a_fantasy_world_in/
Blockstream is "just another shitty startup. A 30-second review of their business plan makes it obvious that LN was never going to happen. Due to elasticity of demand, users either go to another coin, or don't use crypto at all. There is no demand for degraded 'off-chain' services." ~ u/jeanduluoz
https://np.reddit.com/btc/comments/59hcvblockstream_is_just_another_shitty_startup_a/
(5) Core / Blockstream's latest propaganda "talking point" proclaims that "SegWit is a blocksize increase". But we don't want "a" random, arbitrary centrally planned blocksize increase (to a tiny 1.7MB) - we want _market-based blocksizes - now and into the future:_
The debate is not "SHOULD THE BLOCKSIZE BE 1MB VERSUS 1.7MB?". The debate is: "WHO SHOULD DECIDE THE BLOCKSIZE?" (1) Should an obsolete temporary anti-spam hack freeze blocks at 1MB? (2) Should a centralized dev team soft-fork the blocksize to 1.7MB? (3) OR SHOULD THE MARKET DECIDE THE BLOCKSIZE?
https://np.reddit.com/btc/comments/5pcpec/the_debate_is_not_should_the_blocksize_be_1mb/
The Bitcoin community is talking. Why isn't Core/Blockstream listening? "Yes, [SegWit] increases the blocksize but BU wants a literal blocksize increase." ~ u/lurker_derp ... "It's pretty clear that they [BU-ers] want Bitcoin, not a BTC fork, to have a bigger blocksize." ~ u/WellSpentTime
https://np.reddit.com/btc/comments/5fjh6l/the_bitcoin_community_is_talking_why_isnt/
"The MAJORITY of the community sentiment (be it miners or users / hodlers) is in favour of the manner in which BU handles the scaling conundrum (only a conundrum due to the junta at Core) and SegWit as a hard and not a soft fork." ~ u/pekatete
https://np.reddit.com/btc/comments/593voi/the_majority_of_the_community_sentiment_be_it/
(6) Core / Blockstream want to radically change Bitcoin to centrally planned 1.7MB blocksize, and dangerous "anyone-can-spend" semantics. The market wants to go to the moon - with Bitcoin's original security model, and Bitcoin's original market-based (miner-decided) blocksize.
Bitcoin Unlimited is the real Bitcoin, in line with Satoshi's vision. Meanwhile, BlockstreamCoin+RBF+SegWitAsASoftFork+LightningCentralizedHub-OfflineIOUCoin is some kind of weird unrecognizable double-spendable non-consensus-driven fiat-financed offline centralized settlement-only non-P2P "altcoin"
https://np.reddit.com/btc/comments/57brcb/bitcoin_unlimited_is_the_real_bitcoin_in_line/
The number of blocks being mined by Bitcoin Unlimited is now getting very close to surpassing the number of blocks being mined by SegWit! More and more people are supporting BU's MARKET-BASED BLOCKSIZE - because BU avoids needless transaction delays and ultimately increases Bitcoin adoption & price!
https://np.reddit.com/btc/comments/5rdhzh/the_number_of_blocks_being_mined_by_bitcoin/
I have just been banned for from /Bitcoin for posting evidence that there is a moderate/strong inverse correlation between the amount of Bitcoin Core Blocks mined and the Bitcoin Price (meaning that as Core loses market share, Price goes up).
https://np.reddit.com/btc/comments/5v10zw/i_have_just_been_banned_for_from_rbitcoin_fo
Flipping the Script: It is Core who is proposing a change to Bitcoin, and BU/Classic that is maintaining the status quo.
https://np.reddit.com/btc/comments/5v36jy/flipping_the_script_it_is_core_who_is_proposing_a/
The main difference between Bitcoin core and BU client is BU developers dont bundle their economic and political opinions with their code
https://np.reddit.com/btc/comments/5v3rt2/the_main_difference_between_bitcoin_core_and_bu/
TL;DR:
You wanted people like me to support you and install your code, Core / Blockstream?
Then you shouldn't have a released messy, dangerous, centrally planned hack like SegWit-as-a-soft-fork - with its random, arbitrary, centrally planned, ridiculously tiny 1.7MB blocksize - and its dangerous "anyone-can-spend" soft-fork semantics.
Now it's too late. The market will reject SegWit - and it's all Core / Blockstream's fault.
The market prefers simpler, safer, future-proof, market-based solutions such as Bitcoin Unlimited.
submitted by ydtm to btc [link] [comments]

The only acceptable "compromise" is SegWit NEVER, bigger blocks NOW. SegWit-as-a-soft-fork involves an "anyone-can-spend" hack - which would give Core/Blockstream/AXA a MONOPOLY on Bitcoin development FOREVER. The goal of SegWit is NOT to help Bitcoin. It is to HURT Bitcoin and HELP Blockstream/AXA.

TL;DR: Adding a poison pill like SegWit to Bitcoin would not be a "compromise" - it would be suicide, because SegWit's dangerous "anyone-can-spend" hack would give a permanent monopoly on Bitcoin development to the corrupt, incompetent, toxic dev team of Core/Blockstream/AXA, who are only interested in staying in power and helping themselves at all costs - even if they end up hurting Bitcoin.
Most of this post will probably not be new information for many people.
It is being provided mainly as a reminder, to counteract the constant flood of lies and propaganda coming from Core/Blocsktream/AXA in their attempt to force this unwanted SegWit poison pill into Bitcoin - in particular, their latest desperate lie: that there could somehow be some kind of "compromise" involving SegWit.
But adding a poison pill / trojan horse like SegWit to our code would not be some kind of "compromise". It would be simply be suicide.
SegWit-as-a-soft-fork is an existential threat to Bitcoin development - because SegWit's dangerous "anyone-can-spend" hack would give a permanent monopoly on Bitcoin development to the corrupt / incompetent centralized dev team of Core/Blockstream/AXA who are directly to blame for the current mess of Bitcoin's crippled, clogged network and drastically falling market cap.
Furthermore, markets don't even do "compromise". They do "winner-takes-all". Any coin adopting SegWit is going to lose, simply because SegWit is such shitty code:
"Compromise is not part of Honey Badger's vocabulary. Such notions are alien to Bitcoin, as it is a creature of the market with no central levers to compromise over. Bitcoin unhampered by hardcoding a 1MB cap is free to optimize itself perfectly to defeat all competition." ~ u/ForkiusMaximus
https://np.reddit.com/btc/comments/5y7vsi/compromise_is_not_part_of_honey_badgers/
SegWit-as-a-soft-fork is a poison-pill / trojan horse for Bitcoin
SegWit is brought to you by the anti-Bitcoin central bankers at AXA and the economically ignorant, central blocksize planners at Blockstream whose dead-end "road map" for Bitcoin is:
AXA is trying to sabotage Bitcoin by paying the most ignorant, anti-market devs in Bitcoin: Core/Blockstream
This is the direction that Bitcoin has been heading in since late 2014 when Blockstream started spreading their censorship and propaganda and started bribing and corrupting the "Core" devs using $76 million in fiat provided by corrupt, anti-Bitcoin "fantasy fiat" finance firms like the debt-backed, derivatives-addicted insurance mega-giant AXA.
Remember: The real goals of Core/Blocsktream/AXA with SegWit are to:
  • permanently supress Bitcoin's price / adoption / network capacity / market cap / growth - via SegWit's too-little, too-late centrally planned 1.7MB blocksize;
  • permanently control Bitcoin development - via SegWit's deadly "anyone-can-spend" hack.
In order to see this, all you need to do is judge Core/Blocsktream/AXA by their actions (and the results of their actions - and by their shitty code):
Purely coincidental... ~ u/ForkiusMaximus
https://np.reddit.com/btc/comments/6a72vm/purely_coincidental/
Do not judge Core/Blocsktream/AXA by their words.
As we have seen, their words have been just an endless stream of lies and propaganda involving changing explanations and shifting goalposts and insane nonsense - including this latest outrageous concept of SegWit as some kind of "compromise" which some people may be "falling for":
Latest Segwit Trickery involves prominent support for "SW Now 2MB Later" which will lead to only half of the deal being honored. Barry Silbert front and center. Of course.
~ u/SouperNerd
https://np.reddit.com/btc/comments/6btm5u/latest_segwit_trickery_involves_prominent_support/
The people we are dealing with are the WORST type of manipulators and liars.
There is absolutely NO reason why they should not deliver a 2 MB block size at the same time as SegWit.
This is like a dealer saying "hey gimme that $200 now, I just gotta run home and get your weed, I promise I'll be right back".
~ u/BitAlien
Barry Silbert's "proposal" is just another bait and switch
https://np.reddit.com/btc/comments/6btl26/barry_silberts_proposal_is_just_another_bait_and/
Right, so the wording is:
I agree to immediately support the activation of Segregated Witness and commit to effectuate a block size increase to 2MB within 12 months
[Based] on [their] previous performance [in the Hong Kong agreement - which they already broke], they're going to say, "Segregated Witness was a block size increase, to a total of 4MB, so we have delivered our side of the compromise."
~ u/edmundedgar
Barry is an investor in Blockstream. What else needs to be said?
~ u/coinlock
Nothing involving SegWit is a "compromise".
SegWit would basically hijack Bitcoin development forever - giving a permanent monopoly to the centralized, corrupt dev team of Core/Blockstream/AXA.
  • SegWit would impose a centrally planned blocksize of 1.7MB right now - too little and too late.
  • Segwit would permanently "cement" Core/Blockstream/AXA as the only people controlling Bitcoin development - forever.
If you are sick and tired of these attempts by Core/Blockstream/AXA to sabotage Bitcoin - then the last thing you should support is SegWit in any way, shape or form - even as some kind of so-called "compromise".
This is because SegWit is not primarily a "malleability fix" or a "capacity increase".
SegWit is a poison pill / trojan horse which would put the idiots and traitors at Core/Blockstream/AXA permanently and exclusively in control of Bitcoin development - forever and ever.
Here are the real problems with SegWit (which Core/Blockstream/AXA is not telling you about):
Initially, I liked SegWit. But then I learned SegWit-as-a-SOFT-fork is dangerous (making transactions "anyone-can-spend"??) & centrally planned (1.7MB blocksize??). Instead, Bitcoin Unlimited is simple & safe, with MARKET-BASED BLOCKSIZE. This is why more & more people have decided to REJECT SEGWIT.
https://np.reddit.com/btc/comments/5vbofp/initially_i_liked_segwit_but_then_i_learned/
Segwit cannot be rolled back because to non-upgraded clients, ANYONE can spend Segwit txn outputs. If Segwit is rolled back, all funds locked in Segwit outputs can be taken by anyone. As more funds gets locked up in segwit outputs, incentive for miners to collude to claim them grows.
https://np.reddit.com/btc/comments/5ge1ks/segwit_cannot_be_rolled_back_because_to/
"So, Core wants us to trust miners not to steal Segwit's anyone-can-spends, but will not let them have a say on block size. Weird."~Cornell U Professor and bitcoin researcher Emin Gün Sirer.
https://np.reddit.com/btc/comments/60ac4q/so_core_wants_us_to_trust_miners_not_to_steal/
Brock Pierce's BLOCKCHAIN CAPITAL is part-owner of Bitcoin's biggest, private, fiat-funded private dev team (Blockstream) & biggest, private, fiat-funded private mining operation (BitFury). Both are pushing SegWit - with its "centrally planned blocksize" & dangerous "anyone-can-spend kludge".
https://np.reddit.com/btc/comments/5sndsz/brock_pierces_blockchain_capital_is_partowner_of/
u/Luke-Jr invented SegWit's dangerous "anyone-can-spend" soft-fork kludge. Now he helped kill Bitcoin trading at Circle. He thinks Bitcoin should only hard-fork TO DEAL WITH QUANTUM COMPUTING. Luke-Jr will continue to kill Bitcoin if we continue to let him. To prosper, BITCOIN MUST IGNORE LUKE-JR.
https://np.reddit.com/btc/comments/5h0yf0/ulukejr_invented_segwits_dangerous_anyonecanspend/
"SegWit encumbers Bitcoin with irreversible technical debt. Miners should reject SWSF. SW is the most radical and irresponsible protocol upgrade Bitcoin has faced in its history. The scale of the code changes are far from trivial - nearly every part of the codebase is affected by SW" Jaqen Hash’ghar
https://np.reddit.com/btc/comments/5rdl1j/segwit_encumbers_bitcoin_with_irreversible/
"We had our arms twisted to accept 2MB hardfork + SegWit. We then got a bait and switch 1MB + SegWit with no hardfork, and accounting tricks to make P2SH transactions cheaper (for sidechains and Lightning, which is all Blockstream wants because they can use it to control Bitcoin)." ~ u/URGOVERNMENT
https://np.reddit.com/btc/comments/5ju5r8/we_had_our_arms_twisted_to_accept_2mb_hardfork/
Here is a list (on medium.com) of 13 articles that explain why SegWit would be bad for Bitcoin.
https://np.reddit.com/btc/comments/646kmv/here_is_a_list_on_mediumcom_of_13_articles_that/
"Why is Flexible Transactions more future-proof than SegWit?" by u/ThomasZander
https://np.reddit.com/btc/comments/5rbv1j/why_is_flexible_transactions_more_futureproof/
Core/Blockstream & their supporters keep saying that "SegWit has been tested". But this is false. Other software used by miners, exchanges, Bitcoin hardware manufacturers, non-Core software developers/companies, and Bitcoin enthusiasts would all need to be rewritten, to be compatible with SegWit
https://np.reddit.com/btc/comments/5dlyz7/coreblockstream_their_supporters_keep_saying_that/
"SegWit [would] bring unnecessary complexity to the bitcoin blockchain. Huge changes it introduces into the client are a veritable minefield of issues, [with] huge changes needed for all wallets, exchanges, remittance, and virtually all bitcoin software that will use it." ~ u/Bitcoinopoly (self.btc)
https://np.reddit.com/btc/comments/5jqgpz/segwit_would_bring_unnecessary_complexity_to_the/
3 excellent articles highlighting some of the major problems with SegWit: (1) "Core Segwit – Thinking of upgrading? You need to read this!" by WallStreetTechnologist (2) "SegWit is not great" by Deadalnix (3) "How Software Gets Bloated: From Telephony to Bitcoin" by Emin Gün Sirer
https://np.reddit.com/btc/comments/5rfh4i/3_excellent_articles_highlighting_some_of_the/
Normal users understand that SegWit-as-a-softfork is dangerous, because it deceives non-upgraded nodes into thinking transactions are valid when actually they're not - turning those nodes into "zombie nodes". Greg Maxwell and Blockstream are jeopardizing Bitcoin - in order to stay in power.
https://np.reddit.com/btc/comments/4mnpxx/normal_users_understand_that_segwitasasoftfork_is/
As Benjamin Frankline once said: "Given a choice between Liberty (with a few Bugs), and Slavery (with no Bugs), a Free People will choose Liberty every time." Bitcoin Unlimited is liberty: market-based blocksizes. SegWit is slavery: centrally planned 1.7MB blocksize & "anyone-can-spend" transactions
https://np.reddit.com/btc/comments/5zievg/as_benjamin_frankline_once_said_given_a_choice/
u/Uptrenda on SegWit: "Core is forcing every Bitcoin startup to abandon their entire code base for a Rube Goldberg machine making their products so slow, inconvenient, and confusing that even if they do manage to 'migrate' to this cluster-fuck of technical debt it will kill their businesses anyway."
https://np.reddit.com/btc/comments/5e86fg/uuptrenda_on_segwit_core_is_forcing_every_bitcoin/
Just because something is a "soft fork" doesn't mean it isn't a massive change. SegWit is an alt-coin. It would introduce radical and unpredictable changes in Bitcoin's economic parameters and incentives. Just read this thread. Nobody has any idea how the mainnet will react to SegWit in real life.
https://np.reddit.com/btc/comments/5fc1ii/just_because_something_is_a_soft_fork_doesnt_mean/
Here are the real reasons why Core/Blockstream/AXA is terrified of hard forks:
"They [Core/Blockstream] fear a hard fork will remove them from their dominant position." ... "Hard forks are 'dangerous' because they put the market in charge, and the market might vote against '[the] experts' [at Core/Blockstream]" - ForkiusMaximus
https://np.reddit.com/btc/comments/43h4cq/they_coreblockstream_fear_a_hard_fork_will_remove/
The real reason why Core / Blockstream always favors soft-forks over hard-forks (even though hard-forks are actually safer because hard-forks are explicit) is because soft-forks allow the "incumbent" code to quietly remain incumbent forever (and in this case, the "incumbent" code is Core)
https://np.reddit.com/btc/comments/4080mw/the_real_reason_why_core_blockstream_always/
Reminder: Previous posts showing that Blockstream's opposition to hard-forks is dangerous, obstructionist, selfish FUD. As many of us already know, the reason that Blockstream is against hard forks is simple: Hard forks are good for Bitcoin, but bad for the private company Blockstream.
https://np.reddit.com/btc/comments/4ttmk3/reminder_previous_posts_showing_that_blockstreams/
Core/Blockstream is living in a fantasy world. In the real world everyone knows (1) our hardware can support 4-8 MB (even with the Great Firewall), and (2) hard forks are cleaner than soft forks. Core/Blockstream refuses to offer either of these things. Other implementations (eg: BU) can offer both.
https://np.reddit.com/btc/comments/5ejmin/coreblockstream_is_living_in_a_fantasy_world_in/
If Blockstream were truly "conservative" and wanted to "protect Bitcoin" then they would deploy SegWit AS A HARD FORK. Insisting on deploying SegWit as a soft fork (overly complicated so more dangerous for Bitcoin) exposes that they are LYING about being "conservative" and "protecting Bitcoin".
https://np.reddit.com/btc/comments/57zbkp/if_blockstream_were_truly_conservative_and_wanted/
If some bozo dev team proposed what Core/Blockstream is proposing (Let's deploy a malleability fix as a "soft" fork that dangerously overcomplicates the code and breaks non-upgraded nodes so it's de facto HARD! Let's freeze capacity at 1 MB during a capacity crisis!), they'd be ridiculed and ignored
https://np.reddit.com/btc/comments/5944j6/if_some_bozo_dev_team_proposed_what/
"Negotiations have failed. BS/Core will never HF - except to fire the miners and create an altcoin. Malleability & quadratic verification time should be fixed - but not via SWSF political/economic trojan horse. CHANGES TO BITCOIN ECONOMICS MUST BE THRU FULL NODE REFERENDUM OF A HF." ~ u/TunaMelt
https://np.reddit.com/btc/comments/5e410j/negotiations_have_failed_bscore_will_never_hf/
The proper terminology for a "hard fork" should be a "FULL NODE REFERENDUM" - an open, transparent EXPLICIT process where everyone has the right to vote FOR or AGAINST an upgrade. The proper terminology for a "soft fork" should be a "SNEAKY TROJAN HORSE" - because IT TAKES AWAY YOUR RIGHT TO VOTE.
https://np.reddit.com/btc/comments/5e4e7d/the_proper_terminology_for_a_hard_fork_should_be/
Here are the real reasons why Core/Blockstream/AXA has been trying to choke the Bitcoin network and suppress Bitcoin's price & adoption. (Hint: Blockstream is controlled by central bankers who hate Bitcoin - because they will go bankrupt if Bitcoin succeeds as a major world currency).
Blockstream is now controlled by the Bilderberg Group - seriously! AXA Strategic Ventures, co-lead investor for Blockstream's $55 million financing round, is the investment arm of French insurance giant AXA Group - whose CEO Henri de Castries has been chairman of the Bilderberg Group since 2012.
https://np.reddit.com/btc/comments/47zfzt/blockstream_is_now_controlled_by_the_bilderberg/
If Bitcoin becomes a major currency, then tens of trillions of dollars on the "legacy ledger of fantasy fiat" will evaporate, destroying AXA, whose CEO is head of the Bilderbergers. This is the real reason why AXA bought Blockstream: to artificially suppress Bitcoin volume and price with 1MB blocks.
https://np.reddit.com/btc/comments/4r2pw5/if_bitcoin_becomes_a_major_currency_then_tens_of/
Who owns the world? (1) Barclays, (2) AXA, (3) State Street Bank. (Infographic in German - but you can understand it without knowing much German: "Wem gehört die Welt?" = "Who owns the world?") AXA is the #2 company with the most economic poweconnections in the world. And AXA owns Blockstream.
https://np.reddit.com/btc/comments/5btu02/who_owns_the_world_1_barclays_2_axa_3_state/
Double standards: The other sub would go ballistic if Unlimited was funded by AXA. But they are just fine when AXA funds BS-core.
https://np.reddit.com/btc/comments/62ykv1/double_standards_the_other_sub_would_go_ballistic/
The insurance company with the biggest exposure to the 1.2 quadrillion dollar (ie, 1200 TRILLION dollar) derivatives casino is AXA. Yeah, that AXA, the company whose CEO is head of the Bilderberg Group, and whose "venture capital" arm bought out Bitcoin development by "investing" in Blockstream.
https://np.reddit.com/btc/comments/4k1r7v/the_insurance_company_with_the_biggest_exposure/
Bilderberg Group -> AXA Strategic Ventures -> funds Blockstream -> Blockstream Core Devs. (The chairman of Bilderberg is Henri de Castries. The CEO of AXA Henri de Castries.)
https://np.reddit.com/btc/comments/576ac9/bilderberg_group_axa_strategic_ventures_funds/
Why is Blockstream CTO Greg Maxwell u/nullc trying to pretend AXA isn't one of the top 5 "companies that control the world"? AXA relies on debt & derivatives to pretend it's not bankrupt. Million-dollar Bitcoin would destroy AXA's phony balance sheet. How much is AXA paying Greg to cripple Bitcoin?
https://np.reddit.com/btc/comments/62htv0/why_is_blockstream_cto_greg_maxwell_unullc_trying/
Core/AXA/Blockstream CTO Greg Maxwell, CEO Adam Back, attack dog Luke-Jr and censor Theymos are sabotaging Bitcoin - but they lack the social skills to even feel guilty for this. Anyone who attempts to overrule the market and limit or hard-code Bitcoin's blocksize must be rejected by the community.
https://np.reddit.com/btc/comments/689y1e/coreaxablockstream_cto_greg_maxwell_ceo_adam_back/
"I'm angry about AXA scraping some counterfeit money out of their fraudulent empire to pay autistic lunatics millions of dollars to stall the biggest sociotechnological phenomenon since the internet and then blame me and people like me for being upset about it." ~ u/dresden_k
https://np.reddit.com/btc/comments/5xjkof/im_angry_about_axa_scraping_some_counterfeit/
Greg Maxwell used to have intelligent, nuanced opinions about "max blocksize", until he started getting paid by AXA, whose CEO is head of the Bilderberg Group - the legacy financial elite which Bitcoin aims to disintermediate. Greg always refuses to address this massive conflict of interest. Why?
https://np.reddit.com/btc/comments/4mlo0z/greg_maxwell_used_to_have_intelligent_nuanced/
This trader's price & volume graph / model predicted that we should be over $10,000 USD/BTC by now. The model broke in late 2014 - when AXA-funded Blockstream was founded, and started spreading propaganda and crippleware, centrally imposing artificially tiny blocksize to suppress the volume & price.
https://np.reddit.com/btc/comments/5obe2m/this_traders_price_volume_graph_model_predicted/
Just as a reminder: The main funder of Blockstream is Henri de Castries, chairman of French insurance company AXA, and chairman of the Bilderberg Group!
https://np.reddit.com/btc/comments/5uw6cc/just_as_a_reminder_the_main_funder_of_blockstream/
AXA/Blockstream are suppressing Bitcoin price at 1000 bits = 1 USD. If 1 bit = 1 USD, then Bitcoin's market cap would be 15 trillion USD - close to the 82 trillion USD of "money" in the world. With Bitcoin Unlimited, we can get to 1 bit = 1 USD on-chain with 32MB blocksize ("Million-Dollar Bitcoin")
https://np.reddit.com/btc/comments/5u72va/axablockstream_are_suppressing_bitcoin_price_at/
Bitcoin can go to 10,000 USD with 4 MB blocks, so it will go to 10,000 USD with 4 MB blocks. All the censorship & shilling on r\bitcoin & fantasy fiat from AXA can't stop that. BitcoinCORE might STALL at 1,000 USD and 1 MB blocks, but BITCOIN will SCALE to 10,000 USD and 4 MB blocks - and beyond
https://np.reddit.com/btc/comments/5jgkxv/bitcoin_can_go_to_10000_usd_with_4_mb_blocks_so/
And finally, here's one easy way that Bitcoin can massively succeed without SegWit - and even without the need for any other major or controversial changes to the code:
Bitcoin Original: Reinstate Satoshi's original 32MB max blocksize. If actual blocks grow 54% per year (and price grows 1.542 = 2.37x per year - Metcalfe's Law), then in 8 years we'd have 32MB blocks, 100 txns/sec, 1 BTC = 1 million USD - 100% on-chain P2P cash, without SegWit/Lightning or Unlimited
https://np.reddit.com/btc/comments/5uljaf/bitcoin_original_reinstate_satoshis_original_32mb/
submitted by ydtm to btc [link] [comments]

What are some methods to show my service is not a scam

So I helped create a service that converts alt-coin forks back into bitcoin. I posted this on a few subs, and the general feedback was "you must be as scam". It is true that my service has the potential to steal your forked alt-coins (but not your original bitcoins). I thought it would be much better received, because there are already lots of websites that people send their full (non-forked) bitcoins to: exchanges, online wallets, dark-net sites, etc. These websites take your money and are always at risk for being hacked / exit-scammed / etc.
I was hoping this sub might have some ideas on how to demonstrate the service not being fraudulent.
Cryptographically, there is no way to prove who performs a transaction if multiple parties own the private keys to an address. One solution is to move the risk from the user to us. We could find an escrow to secretly agree on parameters for how we would move forked coins. If we follow those parameters (e.g. time of transaction, transaction fee amount, etc), then they know the transaction was from us. Otherwise, it enters dispute settlement where by they try to determine whether the user was defrauded. However, it's not really an air tight solution either.
I was a little surprised, since an average person with BTC holdings has to trust somebody (e.g. some new software) with their private keys in order to claim forks. Some of these alt-coins have malware linked on their official wallet... so it's a minefield for those who don't understand computer security.
Thanks all!
submitted by btcmerge to Bitcoin [link] [comments]

Making Bitcoins for beer money

Note: This is about getting bitcoins without mining them, which is impractical for most people!! There are sites which will pay you in bitcoins for clicks and that is the focus of this submission.
News about bitcoin mania and related crazy shit have been cropping up on reddit, especially as the banking crisis in Cyprus has led to a surge in the value of bitcoins.
It was basically designed to be a digital online currency. A bit like reddit karma, except it's useful and can be spent on goods and services. The reason so many Cypriot bank customers seem to be moving to bitcoins is that they fear their government will grab a large slice of their bank deposits, in order to pay off their debts, probably. Bitcoins are untouchable (so far), but are volatile and so their value can fluctuate heavily, but no one can help themselves to your bitcoins (unless you get hacked). Make sure to keep your bitcoin wallet safe if you somehow do manage to make non-trivial amounts of the stuff.
They are very convenient and kind of fun though. For example, some redditors are working on a reddit based bitcoin feature whereby you can reward a comment using bitcoins. There's also a reddit bitcoin market where you can buy and sell random stuff. So, they definitely are of some actual use.
One thing about most bitcoin beer money sites is that, given the nature of bitcoins, payouts can be made to anyone, in any country.
First step: Get yourself a bitcoin client, which will act as a bitcoin wallet and generate bitcoin addresses. Bitcoin-qt is a simple one, which can be used on Windows, Macs and Linux computers. You can also get an online client called My Wallet, which is compatible with iphones, Android phones, Windows, Macs and Linux.
People used to mine bitcoins using their computers, but that got progressively more difficult as time went by. All the easy bitcoins get mined by expensive, purpose built, bitcoin mining rigs.
Free Bitcoin Sites:
Earn Bitcoins - these are sites where you can earn bitcoins by doing some online work like visiting websites, watching videos/ads, completing surveys, etc. You can obviously make more money from these sites than the more simple free ones:
Gaming Sites:
Didn't want to post any links to gambling or gaming sites, but this one seems like a bit of fun:
And remember, don't get too carried away. Do not spend ridiculous amounts of time and money investing in bitcoins!!
submitted by lightsaberon to beermoney [link] [comments]

Greetings Vertians - newbie here saying hi and questioning a few aspects as well as trying to light a fire under your butts :P

Hi everybody, relatively new to crypto in general, but i would say i'm more informed than most joining the market at the moment , i have read various whitepapers, i thought long and hard about if i wanted to invest and how, realising the risks, i am by no means a wealthy individual but i am into tech and see more than just the value of a digital asset going up or down, i see potential in this market in general.
i purchased a Ledger nano s before i had any real amount of crypto as i understand how weak OUR OWN security can be despite the security of the technology. (claimed some from faucets to understand the bare bones first)
currently waiting for transfer to complete to Coinbase then to -> GDAX then to Bittrex or some other to buy alts via Litecoin for the lowest fees (gbp to euro in revolute) -- also can i point out this is one hell of a dodgy ass way to purchase crypto for one coinbase need your id...ummmmm yeah did not like sending my identity documents over the internet
i am by no means an expert but i think I'm doing this right so far.
my first go at mining was nice hash, i made about £6 then the hack happened, after playing around I Am currently I'm mining via MPMH and Awesome Miner, then converting on their exchange into Vert! this... is where my first question comes in.
secondly although crypto can coexist lets face it, adoption is a kind of arms race, whoever wins adoption wins the argument re: are you a valid currency ... which vert is and should be in my eyes ASIC resistance helps a long way in this of course on the fairness to miners but to a shop keeper... he doesn't care so much, what he does care about is:
ok you gave me some numbers how to i turn this back into "real (fiat) money" so i can pay my bills or purchase more stock.
From what i have seen "Crypto_Vault" may be good for this (at-least in USD to start with) and from this business risk perspective we need to support projects like this, currently crypto is a minefield when it comes to transferring one type of value to another issues with Coinbase GDAX Bitttrex ...ahem..MTGOX are well known and often shouted about, Especially from people making claims about trying to get their fiat currency back.
This needs to change, far far more than if we can be listed on an exchange and "moon" although I'm sure for may people here that have been sticking out the roller-coaster that would be nice, lets be realistic here British gas, Eon, HMRC (English IRS) etc. are not just going to accept and hold crypto - They either would want to convert it immediately or if they did accept they would want to be able to pay their staff with it, which means those staff members need to be able to use it, or switch it back to gbp to buy an item some where that doesn't accept coin x (yes lightning and atomic swaps help here but still that's coin x to to coin y not coin x to fiat)
So as far as i see it , crypto is a grass roots movement , great ok then so we need to convince small shop owners small chains, pubs , online retailers to accept crypto. good fine and dandy, but wait how do they pay their bills with it?? At the moment lets face it they can't, so unless they are enthusiasts or watching the markets and seeing the value of bitcoin rise over the past few years, they will not want the hassle of selling vert on an exchange at least not directly.
So with that in mind i see projects like Crypto_Vault being instrumental in changing this, perhaps one day the VTC wallet could do this as well?
so for merchants as i see it Crypto -> Fiat and vice versa is an issue if we are the ones to solve (or promote the best solution) that should help Vert coin's adoption.
another thing to help vertcoins adoption is ...uggh...marketing here specifically i know WE ...US...the community can do this, i have graphics skills, and at least half a brain - however there are no set standards that i can see (I am Aware of the discord i know i can ask) but I'm talking about making this easy for people to spread the word, via posters leaflets etc that they can design and post for others to use (provided correct branding and accuracy) - but even if we do this at this stage we still face the money issue listed above.
i have a set of skills I am willing to put them into helping vert and for vert's adoption to grow but what i don't have is any direction, personally i think this is a great community from what i have been reading but there are too many people complaining about the price and too few willing to act. HODL doesn't mean let everyone else do everything ...sure you can, you can even make money ....but you will make more and make a tech survive in a flooded market if you help it out where you can however you can surely??
if Litecoin is silver to bitcoins gold, Vertcoin can be Copper to Litecoins Silver (copper is still very expensive and has far far more uses than gold and silver) who knows maybe more but not without our help!
Remember guys Green is the colour of money (see marketing slogan right there) ...unless your not in the us then its just confusing :P
Sry if this was ranty guys I hope I'm not spreading FUD or out of order in anyway just saying it as i see it.
TLDR; - There's lots still to do to increase adoption come on lets organise
submitted by AmmoniteII to vertcoin [link] [comments]

TOOL  Hack bitcoin mining  100% working BitCoin Minefield Earn Fast High Win Ratio!!! How to hack bitcoin mining app and get 0.8 bitcoin everyday sharkoin payment proof 455$  latest secret trick 2019 Bitcoin Generator Miner 100 Working NO Scam

Bitcoin (BTC) is a digital currency first described in a 2008 paper by an anonymous developer(s) who went by the name Satoshi Nakamoto. Bitcoin creation and transfer is not managed by any central authority. Each coin is subdivided to eight decimal places, forming 100 million smaller units called satoshis. Online lists curated by bitcoin community members suggest bitcoin exchanges have been involved in up to 60 high-profile hacking incidents since the digital asset class was created in 2009. Bitcoin investors lose 190 million after founder dies takes wallet password to the grave ... dollars worth of cryptocurrency in yet another hack! Even Bitcoin mining firms have been in the news ... Last December, Nilam Doctor, an IT professional from Ahmedabad, was surfing the web when he came across the digital currency, bitcoin. Intrigued, Doctor researched the open source currency for a week and then sold some gold he had invested in to buy bitcoins (BTC) that then cost Rs2,500 each.. A few months previously, Bangalore-based IT professional Benson Samuel realised that bitcoins were a ... Last year, Coincheck lost $400 million worth of cryptocurrency in a hack and BitfinX lost $64 million in 2016. Perhaps the most famous, which helped kick off this trend, was the hack that brought ...

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