Headline should read: "Person wants to create a Bitcoin fork, like has been done many times, and does nothing to the original Bitcoin ledger"
And his company's tagline is "Make every transaction a Bitcoin txn." Make it a what?
4 days ago [-]
miladyincontrol 4 days ago [-]
Cashgrab. However the whole reassigning crypto slop more than anything is just to generate outrage, free marketing, out of bitcoiners. Probably not enough for them to make much money.
akerl_ 4 days ago [-]
Ah yes, cryptocurrency: built on an immutable ledger so that your money is safely secured by your private key until the project devs decide it’s not.
andirk 4 days ago [-]
The article states it's just a fork, AKA a separate coin that copy/pastes the current Bitcoin ledger. Even if every dev wants this, that is a "hard fork" (not backwards compatible), and creates a new version of the coin. Ex: if you want to add a smiley face to some Bitcoin log output, you 1) make the change, and 2) nothing happens until 3) miners agree to use that new version.
Look into "Bitcoin Cash", a near identical coin except it has a larger block size. Completely different token and therefore has 0 effect on Bitcoin.
akerl_ 4 days ago [-]
Might be more illuminating to look at Ethereum Classic.
How’s that doing after the fork led by the central owners of a decentralized blockchain, initiated to reallocate a big pile of money that the devs didn’t think was in the right spot?
4 days ago [-]
hypeman1 4 days ago [-]
Everything is safe until it isn’t
akerl_ 4 days ago [-]
Well yea. But so much of the bitcoin/crypto was specifically built on the idea that technology and “decentralized” blockchains were the right and necessary solution to protect us from this kind of centralized human manipulation.
rstuart4133 4 days ago [-]
Alternative headline: "Bitcoin Dev doesn't understand why people pay money for bitcoin".
Rendered at 04:46:06 GMT+0000 (Coordinated Universal Time) with Vercel.
And his company's tagline is "Make every transaction a Bitcoin txn." Make it a what?
Look into "Bitcoin Cash", a near identical coin except it has a larger block size. Completely different token and therefore has 0 effect on Bitcoin.
How’s that doing after the fork led by the central owners of a decentralized blockchain, initiated to reallocate a big pile of money that the devs didn’t think was in the right spot?