How Did Bitcoin Get So Messy? Bitcoin Cash, Bitcoin Segwit, Bitcoin Gold, Bitcoin S1X, Bitcoin S2X

As most people already knew, Bitcoin had a first mover advantage in the cryptocurrency space and had over 90% market share a couple of years ago. That was when altcoins realize Bitcoin had a flaw due to its limited 1MB blocksize, resulting in unreliable confirmation times and high transaction fees. This flaw caused Bitcoin to drop from over 90% market share to below 50% this year. As we are about to uncover the truth why the people developing Bitcoin refuses to solve this problem. Hint: They themselves will be very rich by not solving this problem.

Posted By: Contributor    01/11/2017    25143 Total Views

As most people already knew, Bitcoin had a first mover advantage in the cryptocurrency space and had over 90% market share a couple of years ago. That was when altcoins realize Bitcoin had a flaw due to its limited 1MB blocksize, resulting in unreliable confirmation times and high transaction fees. This flaw caused Bitcoin to drop from over 90% market share to below 50% this year. As we are about to uncover the truth why the people developing Bitcoin refuses to solve this problem. Hint: They themselves will be very rich by not solving this problem.

Obviously, as a stakeholder of Bitcoin, you wouldn’t be happy if you’re losing money on your investment for no good reason. Imagine this, your $2 stock could have gone up to $10, then you realize you are only receiving $3 because your broker made horrible decisions for you. Sure, you made a profit of $1 but in reality, your broker had “stolen” $7 from you. No thanks! So what happens when the Bitcoin investors wanted to increase the 1MB blocksize because it’s holding back the market value of Bitcoin? Allow me to quote one of the Bitcoin developers directly “If the market thinks 2X is Bitcoin then the market can go fuck itself.”. In other words, they don’t give a shit about Bitcoin investors money.

Source: https://twitter.com/CobraBitcoin/status/923513378479407105

Which brings us to why Bitcoin had so many forks. The developers of Bitcoin refuses to increase to 1MB blocksize over the years, which we will get to understand why, their hidden agenda and hidden motives to enrich themselves over the Bitcoin investors.

It turns out the developers of Bitcoin was funded by AXA, which has banks around the world. What do banks love to do? Charge fees onto the users, the more the better! With patents ready for their sidechains, developers of Bitcoin are forcing users to transact offchain using Segwit and Lightning Network, which they could license out their patents and licensing fees for. When Bitcoin grows bigger, Bitcoin companies may be forced to license their sidechains or be forced out of the market entirely. This explains why over the years, they stubbornly refuse to increase the 1MB blocksize. They want to enrich themselves by getting users to pay higher and higher fees. To me, this is as good as stealing money from the Bitcoin users.

Source: https://www.reddit.com/r/btc/comments/78r8c6/blockstream_plans_to_sell_side_chains_to/

Source: https://www.reddit.com/r/btc/comments/78vkdu/nearly_2_years_ago_i_wrote_about_blockstreams/

Source: https://steemit.com/bitcoin/@adambalm/the-truth-about-who-is-behind-blockstream-and-segwit-as-the-saying-goes-follow-the-money

Which brings me to the next point that seriously agitated me. In order to enrich themselves and their own investors, through “stealing” money through high fees, these group of unethical people would do extremely unethical things like cyber bullying, online harassments, creation of a group to troll anyone against them, creating web of lies and deceit to cheat new Bitcoin users and manipulate them to harass others, using censorships to silent anyone who has an alternate view, making death threats, just to achieve their goals. Is this the kind of people you would like to support?

Source: https://www.reddit.com/r/btc/comments/6tr1mx/inside_the_dragons_den_bitcoin_cores_troll_army/

Some of the lies and misinformation they spread include things like users love to pay high fees. My god! Someone using Bitcoin 9 years ago is receiving the exact same service today, actually worst service due to the high fees and slow confirmation times, so why would users want to pay higher fees to receive the exact same or worse service? People believe these lies because they blindly trust the developers words, which brings me to the next point.

The developers words are filled with inconsistencies, lies, self contradicting statements and most important of all, they do not honor agreements (such as breaking the Bitcoin HK Agreement) as had shown in the past. A person who doesn’t honor an agreement that they signed does not sound like someone I would put my trust on. Their words have became meaningless in the history of their actions.

In short, the Bitcoin community had been divided and became toxic due to the actions of these unethical immoral people.

On 1st August 2017, Bitcoin investors and miners have finally decided they had enough and decided to upgrade Bitcoin into Bitcoin Cash on their own. Bitcoin Cash is an improved version of what Bitcoin is, without all the toxic people in control anymore and with upgraded capabilities to handle digital transactions for the whole world. Bitcoin Cash is for the people, you and me and businesses. Bitcoin Segwit remains under the control of Blockstream/AXA, the banks who enjoys charging users high fees.

Bitcoin Gold is a scam.

Source: https://www.reddit.com/r/CryptoCurrency/comments/757jf4/here_is_why_bitcoingold_is_shady_and_a_scam_you/

Bitcoin S2X was from a New York Agreement to increase the 1MB blocksize to 2MB, which the people working for the banks wouldn’t agree on, and they stubbornly insisted of keeping the 1MB blocksize, hence Bitcoin S1X. This fork will happen around mid November 2017. A word of warning, the fork is not free money because there is no replay protection, which means your transaction on Bitcoin 2X will be transmitted on Bitcoin S1X and everything is going to be really messy. The best way to protect your money is to move them into Bitcoin Cash, without all these drama and silly games.

As a Bitcoin investor and normal human being, you should be outraged at the atrocities and unethical actions from Blockstream/Core Developers/AXA.

The upgraded Bitcoin Cash will be the future of world money.

If you love freedom and liberty, choose Bitcoin Cash! Bitcoin Cash is Bitcoin.

Now that you’ve known the truth, spread the word. Speak up, do not let others silence your voice. Do not let cyber bullying silence your voice! The more Theymos tries to censor and silence the voice of people, the more we need to be vocal about it.

Source: https://medium.com/@johnblocke/a-brief-and-incomplete-history-of-censorship-in-r-bitcoin-c85a290fe43

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