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It’s almost the second anniversary of Bitcoin Independence Day! Bitcoin is now (almost) 12 years old, but it’s been two years since believers in its original vision decided to free themselves from those who wanted to hijack it for their own purposes. Here to discuss the latest CoinGeek RoundTable is a group of people who were there at the time, with some very different perspectives on what happened.
📺 WATCH NOW: CoinGeek Roundtable Episode 3 is here!
This month our group of experts will discuss “Independence Day”. Preview now, exclusively on # Streamanità.
🎥Full video: https: //t.co/zvpEawWM2F# BSVYear2 #BSVIndependence #BitcoinSV #CGRoundtable pic.twitter.com/JGDAIIUnFK
– CoinGeek (@RealCoinGeek) November 13, 2020
What is Bitcoin Independence Day? Well, it was that day in late November 2018 when a group of longtime Bitcoiners decided that enough was enough, that Bitcoin could only succeed by following its original vision, with the guidance of its original creator.
Not only did those with alternative programs want to hijack Bitcoin for their own purposes, they actually did. It was once in 2017, when BTC’s “Core” developers had firmly stated that they would keep their Bitcoin offspring artificially limited, radically changing the way Bitcoin transactions worked and rejecting anyone who disagreed. Since that divorce, BTC and BCH have emerged.
BCH, however, has always been a difficult alliance between realists who understood that Bitcoin needed to play well with the world as it exists, and those who still dreamed of a crypto-anarchist utopia, a fantasy world that somehow reads it. could not touch. , where everyone was free to conduct anonymous transactions with anyone. The only problem is that after living in that so-called utopia for a while, you learn the hard way because financial rules exist.
And so there was another formal separation. How exactly this happened is still a controversial question for some; you will have to watch the video to know all about why. But it did have a happy ending for realists, who are now watching the Bitcoin Satoshi Vision ecosystem grow by the day.
As for BCH, it is now in the process of fragmenting again, because achieving anarchist unity is like herding thousands of particularly stubborn cats. Wealthy anarchists usually try to protect their billions and identities, while non-rich believers think that fighting for unregulated finance will somehow make them rich. It usually does the opposite. As a result of all this, the BCH community spends most of its time arguing over who will pay for its development … with no solution ever being adequate.
The RoundTable
So this is what we talked about in the last CoinGeek roundtable. There’s host Kurt Wuckert, Jr. and TrueReviews CEO Connor Murray, BSV members since the first second who held online parties on November 15, 2018 to watch Independence Day happen at Block 556766. There’s the Centi founder Bernhard Müller, who took more of a “wait and see” approach … and me. Not fully appreciating what was going on, I resisted with BCH for a couple more months in a state of semi-despair , until I finally chose between leaving the Bitcoin industry altogether or siding with the people who seemed to have the right idea.
We talked about the background and reasons for the split, the BCH miners meeting in Bangkok where it became clear that the ideological differences were not resolving and what happened on the day of the split itself. Many, myself included, looked in from the outside and hoped that a hard fought fork with hashing machines would declare a clear result: to produce units. It sounds like a ridiculous idea now, but for many of us it was all we knew. If only I could have looked at this Bitcoin roundtable in 2018.
All in all it was a pretty compelling discussion, with myths debunked and eyes open. Even though we all ended up in the same place, we took different paths to get there, and those are stories in themselves.
We also stepped out of the past to talk about the current situation, how we think Bitcoin is now and why it still looks like an exciting prospect. There is no question of price, investment or HODLing, because that is not what is important. We all agree that Bitcoin has a bright future and is on the right track. None of us regret the decisions we have made.
Watch the full episode 3 of CoinGeek RoundTable on Streamanity.
New to Bitcoin? Check out CoinGeek Bitcoin for beginners section, the ultimate resource guide to learn more about Bitcoin, as originally intended by Satoshi Nakamoto, and blockchain.
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