A Thinking Person's Guide to the Latest Bitcoin Drama
Here are some interesting facts.<p>-Theymos (Michael Marquardt) controls all the major bitcoin communication channels from r&#x2F;bitcoin, to bitcointalks, as well as the core slack channel, and the bitcoin mailing list (being the person who sniped bitcoin.org).<p>- Every Bitcoin Improvement Proposal (BIP) used to have some specs to follow before being introduced to the community to be discussed and possibly merged in. This is how things have always been since the start. That is, until SegWit (a softfork implementation by Blockstream that fundamentally changes Bitcoin to benefit Blockstream ).<p>- SegWit gets its own website, it&#x27;s own logo, and if you have been following the news the past 5 or 6 months, you&#x27;ll also notice its been shoved down the community&#x27;s throat as if it were god&#x27;s gift to man.<p>- Segwit is a solution to fit whatever narrative needed at the time. From a &quot;blocksize increase&quot; to the scaling debate, to a &quot;malleability fix&quot; to a &quot;quadratic hash fix&quot; to blah blah blah.. It&#x27;s a fix for all the things for all the things except the one thing we need right NOW, and that is a scaling fix.<p>- New Users are tricked into believing that the &quot;economic majority&quot; are in support of segwit, but this is due to not being able to speak out against segwit (see point 1 about major communications being controlled ).<p>- All the drama is actually about forcing segwit into bitcoin.<p>- Blockstream owns patents which they claim they have no plans on using offensively.<p>- If Segwit were introduced as a softfork (dangerous), it would be almost impossible to undo in the future versus a hard fork (which requires consensus).