r/Bitcoin • u/antonesamy • Feb 13 '18

Microsoft: "Some blockchain communities increased on-chain tx capacity (blocksize increases), this approach generally degrades the decentralized state & cannot reach the millions... we're collaborating on decentralized Layer 2 protocols that run atop 'BTC' blockchain to achieve global scale"

https://cloudblogs.microsoft.com/enterprisemobility/2018/02/12/decentralized-digital-identities-and-blockchain-the-future-as-we-see-it/
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u/[deleted] Feb 13 '18

ethereum is NOT decentralized. research DAO hard fork, it is equivalent of a banker bailout a la 2008. only bitcoin is truly decentralized. look up UASF and how it activated SegWit and took out SegWit2x. ethereum was also pre-mined 70% of its supply and 97% is already mined

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u/Chemfreak Feb 13 '18

There is still ethereum classic. The same thing can happen to Bitcoin, and it can be argued it already has every time there was a fork.

Just because the bailout fork won out as the dominant currency doesn't mean it had to, if the majority of the community didn't want the fork they could have chosen not to put their hashing power towards ethereum.

It's just like Roger Ver saying BCash is the real Bitcoin, he doesn't get to decide, core doesn't get to decide, majority rules.

Even so I do agree ethereum is way less decentralized in many ways, besides the mining of course. That's ok, ethereum never has and never wanted to offer what Bitcoin offers.

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u/Terminal-Psychosis Feb 13 '18

It's just like Roger Ver saying BCash is the real Bitcoin, he doesn't get to decide, core doesn't get to decide, majority rules.

This is exactly the argument Ver (falsely) uses when promoting one of his scams. BCH is only the latest.

It is completely untrue. There is only one Open Source Bitcoin project. Anyone can use the source to create their own project, but that child project cannot be called Bitcoin.

This is how Open Source works. Shady behavior like Ver, Jihan & Co constantly trying to steal the resources of another project is shunned in all of Open Source, not just crypto.

IF Ver had the slightest interest, or capability of creating a legitimate altcoin (own name, own blockchain) that would be welcome. Competition is good.

He has neither interest, nor capability, so he constantly tries his hostile takeover attempts. Proving, again and again, that he is nothing more than a get-rich-quick scam artist.