/biz/ - Business & Finance

>>11177930
super short summary:

group a wanted to scale on-chain, group b off-chain
group a wanted to preserve bitcoin as cash, group b wanted a store of value
group a want everybody to be able to use bitcoin, group b says its not for poor people

group b controlled the GitHub so group a had to fork the project.
now there are 2 competing versions of bitcoin

all that was needed was to increase 1 MB blocks to 2 MB blocks, without any SegWit crap.

1) bitcoin cash wouldn't exist
2) all developers would still be on BTC
3) stores wouldn't have dropped BTC due to risk of random high fees
4) lightning network could have been developed for another 5 years and wouldnt have been released in a broken state, which sullies the bitcoin name

think about it. a tiny little change to 1 line of code would have prevented all of this.

>>8895439
the situation is not the same. back then key people still believed that they could fix BTC. it wasn't too late. however this time the roof of 1 MB blocks was indeed reached and key people left for BCH due to the stubbornness of BTC. it's clear now that it just dont want to change even though there were warnings and discussion ever since 2015. lightning wasn't proven as a failure yet back in 2015 either. it just isn't the same dude.

Mike Hearn did a recent Ask Me Anything btw:

https://www.reddit.com/r/btc/comments/89z483/ama_ask_mike_anything/

Interesting stuff! He still considers Bitcoin a failure and has said that Bitcoin Cash has the same problems as BTC had back in 2014 (lack of a governing body). However I did advice BCH to be bold and that is happening, there will be a hard fork next month whether or not everybody agrees with it. In the end the best fork will win, like it should be. BTC just refused to be that bold.

Evade taxes, use Bitcoin.

Hi /biz/

Need some piece of advice, I recently bought 12k of bitcoins with my savings. I have 7k left, what do you think I should invest into ?

Thanks