On the morning of November 8, the end of the SegWit2x hard fork was announced, signed by several major hard fork supporters, including BitGo CEO Mike Belshe, CEO Erik Voorhees, Bitmain founder Jihan Wu, and lead developer Jeff Garzik:
“Although we strongly believe in the need for a larger block size, there is something we believe is even more important; keeping the community together. Unfortunately, it is clear that we have not built sufficient consensus for a clean blocksize upgrade at this time. Continuing on the current path could divide the community and be a setback to Bitcoin’s growth. This was never the goal of SegWit2x.”
Mike Belshe goes on to say:
“Bitcoin remains the greatest form of money mankind has ever seen, and we remain dedicated to protecting and fostering its growth worldwide.”
Yes, absolutely Bitcoin and most importantly blockchain technology will transform our world, however, this supposed ‘Bitcoin Core” group has an entirely different agenda.
Bitcoin Core Has Been Hijacked:
Early on in Bitcoin’s development, the issue of scalability became a heated debate. How will Bitcoin scale to handle not just millions, but billions of transactions – if it were to truly gain mass adoption?
Satoshi Nakamoto addresses this, dismissing the notion that the Bitcoin network will not be able to adapt.
Several other programmers, however, did not agree. Calling themselves “Bitcoin Core”, they essentially hijacked the legacy development branch of Bitcoin via social media manipulation, censorship, etc. Most of these programmers belong to Blockstream and Chaincode.
It is this group that implemented the SegWit update in August. What most fail to realize is, Bitcoin Cash was not the chain split, the SegWit update was.
SegWit coins are not Bitcoins. Bitcoin Cash is Bitcoin.
The SegWit update made transactions reversible by using replace-by-fee, as well as stripping digital signature data, which is what mathematically guarantees one’s Bitcoins are safe and replaced it with “SegWit.”
What SegWit actually does is open the door for algorithmic trading.
Hudson River Trading is a company created by the same who operate Chaincode and specializes in high-frequency trading.
Recently CME has announced they will begin accepting Bitcoin futures …
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