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Since 2017 the Bitcoin name and BTC ticker are owned and controlled by a for-profit company funded by Banks and "financing" groups with the intent to cripple it and make it harmless. (they succeeded)
It's much easier for them to pretend BTC has value, keeping it afloat and censoring the truth than compete with the real thing.
This is how they do it: On October 23, 2014, Blockstream goes public https://blockstream.com/2014/10/23/why-we-are-co-founders-of-blockstream.html and announces funding and the formation of their company.
This is how they do it: On October 23, 2014, Blockstream goes public https://blockstream.com/2014/10/23/why-we-are-co-founders-of-blockstream.html and announces funding and the formation of their company.
Shortly after Blockstream was incorporated https://archive.is/qzsVe , they received At least $76 million in venture capital from AXA ($55 million ), Khosla Ventures, Mosaic Ventures, Horizon Ventures, etc., some of the most powerful venture firms in the world
In the Summer of 2015, all of the primary Bitcoin communities such as r/Bitcoin, mailing lists, Bitcoin Talk, wikis, etc., began massive censorship campaigns https://medium.com/@johnblocke/a-brief-and-incomplete-history-of-censorship-in-r-bitcoin-c85a290fe43 against any and all topics that had to do with scaling Bitcoin beyond the 1MB limit
which, by the way, was temporarily added by Satoshi Nakamoto back in 2010 as a stop-gap measure to prevent spam in the early days. https://bitcointalk.org/index.php?topic=1391350.0
In short: The Bitcoin name and repository were hijacked by a for-profit organisation https://steemit.com/bitcoin/@adambalm/the-truth-about-who-is-behind-blockstream-and-segwit-as-the-saying-goes-follow-the-money
In short: The Bitcoin name and repository were hijacked by a for-profit organisation https://steemit.com/bitcoin/@adambalm/the-truth-about-who-is-behind-blockstream-and-segwit-as-the-saying-goes-follow-the-money
so they could make a buck on their own patented and convoluted "solutions" while rendering it harmless to protect the current financial status quo.
Luckily, Bitcoin as described in the whitepaper by it's inventor Satoshi Nakamoto continued to exist under the name Bitcoin Cash.
Luckily, Bitcoin as described in the whitepaper by it's inventor Satoshi Nakamoto continued to exist under the name Bitcoin Cash.
BCH uses Satoshi's codebase from before BTC forked off with SegWit. It also uses the superior scaling solution as described by Satoshi and keeps all transactions Peer-to-Peer on the blockchain. Bitcoin Cash has no single development team or repository that can be hijacked.
Bitcoin Cash just kept on being Bitcoin.
It's truly decentralised and it's a steal right now for around $400 a piece. Imagine what it can do when the retards fom r/wallstreetbets get a hold of this info.
It's truly decentralised and it's a steal right now for around $400 a piece. Imagine what it can do when the retards fom r/wallstreetbets get a hold of this info.
TLDR: Blockstream fucked Bitcoin over and BTC has been a scamcoin in the hands of banks for a long time now.
The banking establishment is beyond sneaky and sophisticated. They have a million and one tricks to rob you of your money. There are technical tricks, and psychological tricks, and everything in between inside and outside the box.
They will lobby governments to ban it, create false flag attacks, anything to maintain power.
And they do this because if they weren't that ruthless then someone else would be in charge of the world's money supply.
And they do this because if they weren't that ruthless then someone else would be in charge of the world's money supply.
So don't doubt for a second that they are trying to use all their tricks on Bitcoin Cash. A decentralized currency would be their death.
