/biz/ - Business & Finance

>>52920617
> Bitcoin now becomes a nightmare for online businesses, they have no way of trusting if a transaction that was broadcast to the memory pool will make it into a block. Online business requires instant payment, not waiting 10+ minutes for payment confirmation.
> User experience with online payments becomes shit, customer support gets hammered and businesses REMOVE support for BTC payments. Bitcoin can no longer be reliably used for payments.
> BitPay, a company that was growing rapidly by allowing IRL businesses to accept bitcoin and easily convert it to cash stops growing, no businesses want to touch bitcoin, it's toxic. Bitpay slowly fades into obscurity.
> Gavin Andresen comes out and states that Craig Wright is Satoshi Nakamoto, Blockstream dev's immediately revoke his access to the bitcoin software repository.
> Segwit is announced, a controversial addition that changes the structure of a bitcoin block to one that no longer conforms to the white paper description. By seperating the witness data from the transaction data the idea is that blocks can use this space to have more transactions. Stupid because increasing the blocksize to 2mb has the same effect. Bitcoin blocks are no longer "A chain of digital signatures".
> Blockstream no longer measure blocks by MB or KB but by a "weighted" size.
> No miners want segwit, it requires miners signal in their blocks support for it and once a critical mass of miners signal support, the hard fork would occur and it would be baked in.
> Miners are seperated into two camps, segwit supporters and big blockers.
> Blockstream shit their pants and race all around the world to have meetings with miners making false promises that they'll make more money by supporting segwit. The miners are mostly chinese and the chinese love to appeal to authority figures, they trust the blockstream devs.
> Miners decide that they'll support segwit only if the blocksize is lifted to 2mb

these losers even went back to Bitcontalk to ban my 2013 created account because I'm speaking the truth. I haven't used the account for years but this is the extent that they'll go to to keep this information from you.

2017, that's cute

https://bitcointalk.org/index.php?topic=189704.msg1966467#msg1966467