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RE: Has Bitcoin's Development Been Subverted With The 1MB Blocksize Cap? Governments Would Not Attack It Outright But Subvert It To Slowly Kill Off Adoption.

in #bitcoin7 years ago

Maybe Satyaki Bitcoin Development has replaced it with 1 Mb BlockSpace Caps? The government will not attack it, but it gradually snatches off adoption.

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Indeed. That seems to be what happened. I went from hodling 100% Bitcoin to 95% Altcoins a few years ago and have never regretted my decision. Bitcoin Core development is either incompetent, corrupted or both? The icing was on the cake once fees went to $50. No reasonable team of developers would ever let that happen in any other blockchain. I also think a big problem with Bitcoin is its lack of leadership and Governance structure. Since no real leader to help break off the blocksize war that took place. IMO some centralization in Government is OK long as the stakeholders still remain in charge through delegation.