Bitcoin Segwit 2x Conspiracy
Is the Bitcoin Segwit 2x Hardfork Big Banks Attempt at Inserting Themselves Into Crypto? Barry Silbert and His Banker Friends of Digital Currency Group Making Moves
How We Got Here
Introducing Bitcoin 2x-Banker’s and Corporations Trying to Get their dirty paws involved with Bitcoin
This argument, takeover, Bitcoin Segwit 2x conspiracy, crisis or whatever you want to call it has its roots in a two-year-old debate over how to scale the network. This stems from philosophical differences. “At the highest level, there are two camps that see bitcoin becoming two different things: digital gold or electronic cash,” “Neither is right or wrong. They’re just different perspectives on what the network can become.” The developers’ approach is one more of digital gold — not necessarily putting every coffee payment onto the bitcoin network itself, but having them processed by other, faster networks that would later connect to Bitcoin’s to provide finality to the transaction. Bitcoin Segwit 2x’s vision, supported by a number of miners at this point, is of bitcoin as e-cash — a network that has room for every morning coffee to be processed on bitcoin’s network, which would, incidentally, give them more transaction fees.
In my honest opinion bitcoin was meant to be a value layer, a wealth storage layer. In Satoshi Nakamoto’s vision, bitcoin was never meant to be a full-blown currency or transaction layer. This was meant to be solved by side chains which is on its way.
Where We Are Now
Now you guys, bitcoin is getting taken over the largest crypto media outlet-Coindesk-is owned by Digital Currency Group. Who the fuck are these guys? Well let’s find out!
Digital Currency Group says their mission is to accelerate the development of a better financial system. We build and support bitcoin and blockchain companies by leveraging our insights, network, and access to capital.
Motherfukers….Guess who Digital Currency Group is owned by? CEO is Barry Silbert, if you have been around bitcoin for awhile you know who this guy is. For those who don’t he was a former investment banker at houlihan lokey, and prior to founding digital currency group, he founded SecondMarket which sold to Nasdaq in 2015—this guy is big into bitcoin….and his paws have been in the pockets of what bitcoin was built to destroy…. doesn’t make a bit of sense.
Look at the advisors and connections of digital currency croup, the biggest investment company in Digital Currency Group is Mastercard. One advisor is Glenn Hutchins, who is a former advisor to the Clintons. He is also on the board of the Federal Reserve Bank. Another Advisor, Lawrance H. Summers-former chief-economist of the Worldbank, Secretary of the Treasury, played a leading role in the economic crisis in Mexico, the Asian- and the Russian financial crisis. Furthermore, he was also responsible for the privatization of the economies of post. Soviet states, and the deregulation of the US financial system. he has stated ” I frequently counselled the Obama Administration”.
Larry Summers has said in an article posted by Coindesk which is owned by digital currency group of whom he advises “blockchain can and will succeed without bitcoin” I’ll post the article…it’s disgusting how anti bitcoin it is, and pro Larry Summer/ an alternative bitcoin
Where We Are Going
So guess who the Segwit 2x agreement was organized and pushed by….you guessed it those bastards at Digital Currency Group. This whole thing is being orchestrated and developed by a company who goes by the name of Bitgo with help from other developers including Bloq co-founder Jeff Garzik. and guess who is their biggest investor? You guessed it digital currency group. so BitGo offers a service that is facilitates transactions and supposedly prevents double spending:
“Using the above multi-signature security model, BitGo can guarantee that transactions cannot be double spent. When BitGo co-signs a BitGo Instant transaction, BitGo takes on a financial obligation and issues a cryptographically signed guarantee on the transaction. The recipient of a BitGo Instant transaction can rest assured that in any event where the transaction is not ultimately confirmed in the blockchain, and loses money as a result, they can file a claim and will be compensated in full by BitGo.”
BitGo is a form of notary that verifies a transaction before the blockchain does. …prettty useless imho, one of the great things of the blockchain is, that you won’t need a notary to verify transactions. The Question that sit in my mind “Are the central bankers trying to take control over bitcoin. Will their action plan include restricting blocksizes to benefit their business model…. Just like Blockstream?
Crypto Friends, the noose has been looped and tied, let’s play the cards right and not stick our necks in it. These are dangerous waters, Segwit2x is an attempt to take power away from core to give it to the well-known big players like MasterCard and central bankers?