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    Author Topic: Bitcoin Unlimited vs Net Neutrality  (Read 440 times)
    RealBitcoin (OP)
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    July 20, 2017, 06:13:35 PM
     #1

    I apologize for my older posts where I criticized the Bitcoin Dev team:


    First I thought a hardfork should be totally unthinkable in Bitcoin, because the security of the entire cryptocurrency arena hang in the balance. If Bitcoin goes away, all other coins will take a massive hit, even a fatal one. So Bitcoin is the only think that sustains the cryptocurrency paradigm, if something happens to Bitcoin, everyone will be worse off.

    So Bitcoin developers should have a huge responsibility, not just for Bitcoin, but for the entire cryptocurrency movement.



    Then I started reading into ther/BTC subreddit where I found certain "conspiracy theories" that I thought at first were real. After all why can't we have an onchain scaling when the average internet speed in 2017 is like 2 mb. I have a 4mb/s internet, it's very very smooth.

    So I totally forgot about the responsibility part, and I jumped on the "Unlimited" bandwagon like a moron. I shortsightedly thought the Core team is just there to hinder the progress of Bitcoin. After all a 1 MB block limit is a huge burden to Bitcoin.

    Then the fees started growing, and my antagonism towards Core grew as well. I thought they were totally evil people just trying to slow down the progress of Bitcoin, but I totally forgot about the bigger picture.



    Then this crash came. And I saw with my own eyes that if BTC goes down 20%, altcoins go down 40%. So everything depends on Bitcoin. Bitcoin is like the glue that holds together all cryptocurrencies, it's the main gateway from fiat into the crypto world. If Bitcoin goes away, the entire movement is devastated.

    So I realized what a fool I was for supporting the Unlimited nonsense. It's not about the progress, it's about the risk. The Unlimited client just had a major bug recently, didn't it? And their developers are totally unknown, almost came out from nowhere, with little or no reputation.

    How can we trust these people to keep Bitcoin safe? It's not just the 40 billion $ BTC that hangs in the balance, but every other altcoin as well. Ethereum ICO speculators can also say bye bye to their gambling if Bitcoin dies. Everything is devastated if Bitcoin dies.

    So Bitcoin is extremely important to survive. It doesn't necessarily have to grow, but it has to survive, that is a must. If you don't like the big fees? No problem just use ETH or DASH or Litecoin. But Bitcoin is not a payment system, it's the reserve cryptocurrency, so it must survive in order to have this movement at all

    Otherwise as I said, if you don't like the fees, use another altcoin. Bitcoin is mostly for wealth storage, and there a 5$ fees is not a big deal. A bank also asks people 5-10$ yearly fees for certain services, why can't Bitcoin, when Bitcoin is much more secure...?

    But if Bitcoin dies, everything else does. So it's very important for Bitcoin users to be conservatives. We don't need to  have everyone to use BTC, they can use altcoins. If you are worried about african starving kids, then make an altcoin that will help them. Bitcoin will benefit from it too, because most of the value goes through it. But if Bitcoin dies, then the capital is destroyed, and there won't be anything left to use to invest in businesses and projects to help people.

    So Bitcoin devs have to stay conservative, it's a situation of life and death to Bitcoin, if you want growth, you will find it in altcoins. Bitcoin is only for survival, not necessarily growth. But if altcoins grow, Bitcoin will too, because it's the gateway to them. So don't worry about Bitcoin, it will have value even if it doesn't scale quickly. But if BTC dies, then everything else dies too. So Bitcoin devs have to be careful!



    NET NEUTRALITY

    Now if this wasn't enough for people to be convinced that Core is better, then take a look at Net Neutrality:

    The free internet as we know it is under attack by greedy corporations. Remember how I said that I have 4 mb/s internet. Well that is only true if the ISP gives it to you.

    But if they start throttling the connections, especially for Bitcoin Nodes, then the node count will start to drop drastically.

    So if you run a shitty Unlimited client with 8 mb blocks, the ISP can just make sure you will never download that block and process it in time.

    The ISP cartels can easily strangle the internet if we don't secure a  Net Neutrality. So go and fight for it, same thing is happening in Europe by the way:
    https://www.battleforthenet.com

    On the other hand, if Net Neutrality is lost in the USA, then expect 2406 Nodes to be in peril:
    https://bitnodes.21.co/



    So as you can see small blocks are more important now than ever. If Net Neutrality is lost then big block Bitcoin will be censored and throttled into the Stone Age.

    Bitcoin must stay under the radar, not consume too much bandwidth, and stay strong against DDOS. Maybe we can have a block size increase in 5-10 years, when the global bandwidths grow a lot, but we must stay conservative here.

    We can't risk Bitcoin to be destroyed, it's too important.



    So therefore I support Core and Segwit and UASF now again. Sorry for my past dissent I was confused and the appeal to emotion is too much inr/BTC subreddit, it clouds your judgement.


    But I can now think clearly and rationally and in my opinion the Bitcoin Core path is better.


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