Core to Bitcoin is like Iridium Satellite to Motorola
Jiang Zhuo’er, the hardcore opponent of Bitcoin Core, posted a weibo bashing the Core Devs , whose obsession with anonymity and deepweb is the major hurdle to onchain scaling. He even compared the Core roadmap with Iridium Satellite project in a debate.
What the Core developers want is self-actualization, top layer of Maslow’s hierarchy of needs. They have a strong inclination to anarchism and hacker connection. Their concern is about the realization of ultimate anonymity on Bitcoin (which is exactly opposite to Satoshi’s attitude on the wikileaks donation suggestion in 2010, which try to mix Bitcoin with the deepweb)
In 2010, “Genjix” started a thread on Bitcointalk suggesting wikileaks to accept Bitcoin donations. But the proposal was not supported by Satoshi.
Satoshi does not favor bitcoin connection with wikileaks. source:bitcointalk
No, don’t “bring it on”.
The project needs to grow gradually so the software can be strengthened along the way.
I make this appeal to WikiLeaks not to try to use Bitcoin. Bitcoin is a small beta community in its infancy. You would not stand to get more than pocket change, and the heat you would bring would likely destroy us at this stage.
“ShadowOfHarbringer” understood the concern of Satoshi and he said:
It is not about being scared.
The problem is that powerful lobbying can hold mainstream adoption for decades.
I do not want bitcoin to be underground currency forever. I’m saying that we should wait 1-2 years before going into deep water. And wikileaks is not even deep water. It is a storm.
6 days later, the anonymous founder of Bitcoin went completely silent in the forum.1 year later, Wikileaks started accepting Bitcoin donations in June 2011, after the first bubble. Last month the total number of donation just crossed the 4,000th milestone.
With 12 billion cap today, it’s hard to describe Bitcoin as “in its infancy”. But is it strong enough to withstand the regulation pressure from its connection with the mysterious deepweb?
Jiang blasted away the fake idealism:
Core devs are opposed to large blocks (large blocks cannot be propagated over Tor network) and attempts to replace the main blockchain with a centralized lightening network. It’s not their concern whether this measure will push Bitcoin users and startups away. Core chose to sacrifice user growth by limiting blocksize to realize anonymity.
The ultimate goal of Bitcoin is to put Hayek’s theory: The Denationalization of Money into practice. By competing with fiat money, Bitcoin is hoped to contain authority’s urge to print money, to reduce the loss that the general public suffered from inflation and increase social equity. The fulfillment of the goal requires a extremely extensive user base, which is in contradiction to the small block plus Tor network that the Core cling to.
Jiang Zhuo’er is a well-known supporter of onchain scaling in China. On an 8btc debate thread dated July 2016,Jiang said the Core’s Segwit roadmap was a disaster, comparable to Motorola’s Iridium Project, one of the biggest tech failures in history.
Iridium Project filed for bankruptcy but still in operation.
As per a Quora post, Iridium Project failed because:
Because it was a stupid idea from the outset.
the service’s monthly cost was high, the phones are huge and every major metropolitan area already has cheap and reliable cellular systems.
Jiang’s argument was similar:
Iridium’s strategy was simple and straightforward when it was proposed.
“Iridium Project consumed billions of capital in 8 years and the company filed for bankruptcy 4 month after the network was online. “
We all know the benefits of satellite communication, and we know the benefits of lightening network. But the lightening network proposed by Core is similar to the Iridium Project that brings Motorola down.
8BTC will continue to bring bitcoin scaling updates from China.
Learn cryptocurrency and digital assets since 2013 and co-founder of 8btc in 2014. Co-author of 2014-2015 Digital Currency Development Report(2015) and first author of Investment Guidelines To Blockchain Digital Currency (Published in June 2017 ISBN:9787300239286).
Here is the link to the original comment thread. Or you can comment here to start a discussion. Author: 8btccom
Iridium is poison, so is Core devs.
Reason why the blocks are still small is to limit number of transactions, which is direct consequence of financing from the highest order of elite circles who find Bitcoin too disruptive to their “economy”. Don’t know where he got the idea of Core’s obsession with Darknet, he totally got it wrong.
Thanks for sharing, will forward your idea to Jiang.
All you have to do to confirm this is listen to Greg, Adam and Luke talk Seriously. Pay attention!
I wouldn’t say totally wrong but yeah, I was thinking the same thing. irony is though, Greg and Adam don’t value much privacy and anonymity when they accept $76M in investor funding while simultaneously terrorizing reddit and Twitter.
I am really amazed how much better Jiang Zhuo’er understands Bitcoin than most of the Chinese miners. I guess most of them are just in for the quick buck, while Jiang Zhuo’er indeed looks at the long term potential of Bitcoin.
Core to Bitcoin is like Iridium Satellite to Motorola | http://NEWS.8BTC.COM http://news.8btc.com/core-to-bitcoin-is-like-iridium-satellite-to-motorola …
Who is the big boss behind them?
The more you listen, the more fuckedup is your brain.
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