Hacker News new | ask | show | jobs
by Analemma_ 3310 days ago
To people entering this comment section: if you're not totally caught up on this debate and only have a passing interest in Bitcoin-- leave now, there's nothing for you here. This thread is going to be a lot of sound and fury from the two sides of the civil war, and little else.
1 comments

I occasionally dip in to r/bitcoin and am repeatedly baffled by the whole debate; both in its inscrutability and the level of (let's say) "passion" exhibited. Still I have no real clue of the issues.
I'm guessing that many of the people who participate in these communities have a significant number of bitcoins to their names. Given the current trading price of BTCs many of them are probably virtual millionaires. All that could go poof if the coin were to collapse. Not really surprising that they would be very passionate about these issues.
That may be part of it, but if it were purely about wealth they could surely just sell some of those holdings right now and become actual millionaires.
There is a good number of early bitcoin enthusiasts who have found great solace in the supposed mathematical and technical "purity" that bitcoin offers. They perceive undesired changes to be almost sacrilege, destroying this one island of purity in a dark world.

They will often assert strongly that certain claims are undeniably true from a technical perspective, without stating the large number of assumptions inherent to the conceptual framework they use to make such claims.

Many would argue that their assumptions are not all obviously reasonable, yet rarely does the discussion even manage to broach these underlying aspects.

meanwhile r/btc is calm and collected. I suspect r/bitcoin is targeted by certain entities seeking to instill doubt and divide the community. the network is going through its usual boring phase of doubling the block size by way of emerging consensus. around this time just before the block size jumps there's a lul in efficiency that translates into higher transaction fees. if you're a psycopathic pumper dumper it's a good time to scream that the sky is falling as loud as you can.
r/btc is calm and collected? Every single day I see a ridiculous tinfoil hat theory about how Segwit is just a plot by Blockstream (who they always mention is funded by BANKSTERS!!! and AXA!!!) to either stall scaling and destroy bitcoin OR (mutually incompatible) scale with lightning network which will somehow allow Blockstream to profit. Didn't have to look far to prove my point... front page when I looked for it:

https://www.reddit.com/r/btc/comments/6eul2q/only_61_days_to...

sigh, I guess r/btc is discovered.. tbh I don't participate in these subs often. for this very reason