You are viewing a single comment's thread from:

RE: A brief history of the Bitcoin block size war

in #bitcoin7 years ago (edited)

Re #1 above, the "small-blockers" vs the "big-blockers" are a quite central thing going through all of it. I have tried explaining this concept a bit better at the top. I think this phrasing is the most objective and accurate. I haven't seen writings from Szabo hinting on where he would have been in this debate, but that doesn't mean such writings doesn't exist. The coinbase CEO is a moderate big-blocker I believe. UASF is just mentioned in a bullet point, I've tried explaining better in that bullet point what it is and why it's dangerousl

#2 - thanks for that one. On one of my laptops I have a very sensitive touchpad, while typing normally on the keyboard it often registers a "click", and my text ends up somewhere completely else than where it should be. I've tried to fix up..

#3 ... here I get most of my hints from my local crypto currency trading activity, being a market maker for converting bitcoins to and from bank payments, cash and gold locally. Most of my customers still wants Bitcoins, but the typical questions of the day is "can you transfer it to binance?" and "what altcoin would you recommend buying today?". People buy bitcoin just because it's the most common "jump coin" for buying other cryptos. My ether trading volume is increasing for every day, that's the second crypto people ask for, and it seems like it will soon be number one. It's used mostly for the same purpose, moving funds to binance ... though some people hold it as an investment. I thought Bitcoin Cash would take over, but, no, I have very little trading activity on Bitcoin Cash.

Regarding Charlie Lee, I haven't checked him out. I may be quite biased since I get a fair amount of information from the toxic r/btc sub on Reddit. My perspective is that the true vision of Litecoin was "let's get rich". As I see it, Litecoin was just a clone of Bitcoin with no real value proposition, some parameters were tweaked, but no big deal. "If Bitcoin is Gold, then Litecoin is Silver" is the saying ... but what kind of value proposition is that? In reality the crypto currency space got inflated - and I'd say we're experiencing a real run-away crypto currency inflation now, there are thousands on thousands of different crypto currency projects each having their own token, and people spreading their money all over the board.

In the Bitcoin space, Charlie Lee is a strong small-blocker - and that's of course the best strategy ever for promoting Litecoin as a "silver". He also sold all of his litecoins to avoid a "conflict of interest" recently, while it may seem like an admirable move ... for me, crypto currencies are to be used and not just hodled, and I'm a big supporter of the "eat your own dogfood" principle. Of course he also cashed out at the all time high ...

Coin Marketplace

STEEM 0.18
TRX 0.15
JST 0.029
BTC 62070.52
ETH 2422.73
USDT 1.00
SBD 2.64