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Gold Price Trend Forecast Summer 2019

The Battle And Future Of Bitcoin In Jeopardy

Currencies / Bitcoin Nov 15, 2017 - 03:08 PM GMT

By: Jeff_Berwick

Currencies

I went on We Are Change recently to talk about the future of bitcoin with Luke Rudkowski.

There is so much going on in the cryptocurrency space. One of the biggest things being talked about is the highjacking of Blockstream and Bitcoin Core by globalist influence.


Many believe Blockstream is working to purposely make bitcoin slower with more expensive transaction fees. They openly advocate this and claim it is ok to have these changes because they prefer to look at bitcoin as a “value layer” in the market, rather than a pragmatic payment system for smaller transactions.

That, in and of itself, is a dramatic change from what bitcoin was designed to be by its creator, Satoshi Nakamoto. And, a dramatic change from what everyone I am aware of who has been in bitcoin since 2009 thought it was supposed to be.

In this sense, bitcoin, or Bitcoin Core, has been a hard fork of bitcoin!

The Bitcoin Core/Blockstream group has essentially censored the discussion so that the other side of the argument can’t be heard on Reddit which is an immediate red flag. Not to mention, seemingly employing an army of trolls to attack those who stand up to this fork of the vision of bitcoin.

Because of pressure from honest users and developers in the community, Bitcoin Core stated a while ago that they would wind up increasing the blocksize - something they said would happen as a result of the Segwit2x fork, which as everyone now knows, did not end up happening.

Many people from the get-go stated that Blockstream would never allow the blocksize to be increased. I gave them the benefit of the doubt. As we now know it was scrapped and those people turned out to be absolutely correct.

It is for this reason that I, among others, have pointed out that Bitcoin Cash (BCH) is closer to being the “real” bitcoin than Bitcoin Core as it can actually be used to transfer funds in a practical, low cost, and efficient manner. Which, if it can’t, is basically bankercoin.

Who wants to wait hours for a transaction to be completed and pay high fees when there are other, more efficient currency options available?

Well, as I always say, the free market will decide.

Hear much more in my interview with Luke Rudkowski:

I have been telling TDV subscribers since August to hold on to their Bitcoin Cash because I knew this was likely going to happen.

Many at the time got very angry and unsubscribed. I don’t care. I will always speak my truth.

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Anarcho-Capitalist.  Libertarian.  Freedom fighter against mankind’s two biggest enemies, the State and the Central Banks.  Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast, Anarchast.  Jeff is a prominent speaker at many of the world’s freedom, investment and gold conferences as well as regularly in the media.

© 2017 Copyright Jeff Berwick - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Jeff Berwick Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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