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by uncletammy 1851 days ago
> Well none of this has any effect on the bitcoin network now does it?

After having been stripped of most of the functionality that gave BTC it's original value proposition, you might be surprised at the degree to which it really does need ads like this to attract fresh investors.

BTC killed it's most powerful tool for cementing it's position as the leading cryptocurrency, it's network effect.

They killed it by merging "full replace by fee", making it trivial to cheat bitcoin-accepting merchants during times of higher network congestion. This made it even super risky for merchants and many opted out. They even had a much safer alternative (FSS-RBF) ready to merge.

* https://github.com/bitcoin/bitcoin/pull/6352

* https://blog.plan99.net/replace-by-fee-43edd9a1dd6d

They killed it by using the size of OP_RETURN to gaslight Counterparty, a company that was trying to build a rich smart contract ecosystem (yeah like Ethereum has now) on top of bitcoin. This was the second time the core devs' hatred of smart contracts killed new use cases for the coin. The first time led Vitalik to create Ethereum.

*https://old.reddit.com/r/decred/comments/6wxueo/your_best_pi...

They killed it by blanket censoring on all the big bitcoin related communication channels all discussion about increasing the blocksize and/or building/supporting alternative BTC full nodes. This censorship completely fractured the community and directly led to the network fork called Bitcoin Cash. As a result of this fork, many of the oldest supporters and infrastructure devs left BTC forever.

* https://medium.com/@johnblocke/a-brief-and-incomplete-histor...