A Culture War Is Brewing Between Bitcoin’s Old and New
A Culture War Is Brewing Between Bitcoin’s Old and New
Roger Ver Accuses Theymos of the Removal of Bitcoin History
Don't invest recklessly : Bitcoin
Theymos: "Bitcoins Belonging To Satoshi Should Be Destroyed"
The Story of How Bitcoin Was Compromised | Coin Trade & Mine
History has told you that the infamous Theymos-controlled bitcoin.org and /r/bitcoin will spread FUD before NOV to affect the price. They have done so many times before.
Many newbies will be misled by those misinformation sites controlled by infamous Theymos of Blockstream Core to dump bitcoins. Be ready to buy the dip! Don't forget to dump the BCore altcoin in Nov to buy more btc!
03-16 22:02 - 'Funny how it says "Submit text NOT about price" except for those days when theymos wants everyone to FOMO into the next bulltrap.' by /u/Buttcoinnect removed from /r/Bitcoin within 7-17min
03-10 22:53 - 'Can one of the mods ban this retard already? At this point its literally spam. Look at his comment history. Price predictions are one thing but this guy is just being an asshole to be an asshole. / u/theymos u/BashCo u/franken...' by /u/mdk72002 removed from /r/Bitcoin within 74-84min
Still wondering about the Theymos 6000 btc, where is it?
Hi guys.. I came across a video the other day explaining the bitcointalk donations for a upgrade on the forums were missused or just not even used at all. Everything turns out this Theymos kid got a monopoly on mayor bitcoin forum.. Isn't this against what the creator had in mind? I reacted on a on old 2013 bitcointalk post " Is this the new forum guys?? 6000 x btc = 60million $ .. :( " And my comment got deleted a day later.. Does anyone got more info? :D
You have probably heard of the cryptocurrency Bitcoin after its meteoric rise in price last year, but you may not know that it has one of the most drama-filled communities on the planet. This is one of the many bizarre tales from crypto-land. It started with the block size debate. Simplified, the block size is a hard cap on the transaction capacity of each "block" in the bitcoin blockchain. Basically it results in a maximum rate of transactions possible on the bitcoin network. This number is actually pretty low, like 7 transactions per second, and in 2017 this limit was hit. This caused transaction fees and transaction confirmation time to rise dramatically, as people competed to get their transactions included in the next block. At one point it would cost on average over $50 to get your transaction confirmed, and those with lower fees had their transactions stuck in limbo for days or even weeks. Understandably, many people were upset at this, and wanted to increase the block size to allow a higher rate of transactions. The problem is that many others disagreed and thought that it was too risky to change the block size. This is because changing the block size means changing the fundamental rules of the blockchain, which is not backwards compatible. The full pros and cons of each side are numerous and technical, so I won't bore you with them, but the point is that the debate grew and grew in intensity for many months, with neither side willing to budge. This culminated in a group of people deciding to deliberately release new software with a block size increase, knowing that it would cause a split (a so-called fork) in the blockchain because the other side would refuse to use their rules and would thus continue their own blockchain as if the others didn't exist. Enter "Bitcoin Cash", the new blockchain with the increased block size. So now each side can simply move on and use the version they prefer. All good, right? Hah, no, this is where things start getting really juicy. You see, both sides claimed they were the "true" bitcoin. Especially Bitcoin Cash fans would very often make the claim that Bitcoin Cash was how the original creator of Bitcoin had meant the project to evolve. These claims were based on a few vague 8-year old quotes from the creator saying that the block size could possibly be increased in the future if necessary. The creator of Bitcoin goes by the psuedonym Satoshi, he is a mysterious developer that no one have heard from for years. The phrase "Satoshi's vision" was repeated so much in the debate that it has pretty much become a meme phrase in the community. Therefore, Bitcoin Cash would probably have wanted to be simply called Bitcoin, but they grudgingly accepted the suffix "Cash" to their name for the time being for the sake of practicality, as they were the minority. However, this wasn't enough for the original Bitcoin side. Their fans were really irked by the fact that the forked-off chain had the nerve to have "Bitcoin" in their name too, tainting the reputation of their own bitcoin blockchain. They claimed Bitcoin Cash was trying to piggyback off their brand for profit. Because of this, they started referring to Bitcoin Cash as "Bcash" instead. This name was invented and only used by the anti-Bitcoin-Cash camp, so some would call it a rather petty deliberate tactic to undermine the competing fork. However most of them denied this, saying it was merely a harmless abbreviation, or to avoid confusion for beginners. Granted, two separate blockchains that both have bitcoin in their name *is* pretty confusing. But the Bitcoin Cash fans didn't buy it, and were very offended. The best example is this lovely, infamous clip, where a Bitcoin Cash spearheader lost it during an interview because the interviewer wouldn't stop using the word Bcash: https://www.youtube.com/watch?v=oCOjCEth6xI In turn, many Bitcoin Cash fans started calling the original chain for "Bitcoin Core", or "Bcore". The suffix "Core" comes from the name of the biggest wallet software made for Bitcoin. The Bitcoin Cash camp would often claim that the original Bitcoin chain was actually taken over by the Bitcoin Core developers, or more precisely Blockstream, a company that funded many of them, and was deliberately restricted in block size to make Blockstream's commercial products more desirable. Hilariously, some Bitcoin Cash supporters decided to start their own new unrelated cryptocurrency, and called it Bcash, so that they could say that calling Bitcoin Cash for Bcash was objectively wrong since the name Bcash was already officially taken by another project. Both sides would regularly attack each other by performing DDoS's, hacks, spam attack on the opposite blockchain to clog it up, and so on. The reddit communities split into at least two, /bitcoin and /btc. Both subreddits are accused of heavy censorship, especially /bitcoin does not let anyone talk about Bitcoin Cash, except sometimes if the content is aligned with their own opnions. Its main mod, Theymos, once posted the following announcement post trying to justify the censorship. It contains megalomaniac nuggets like "If 90% of /Bitcoin users find these policies to be intolerable, then I want these 90% of /Bitcoin users to leave." https://www.reddit.com/Bitcoin/comments/3h9cq4/its_time_for_a_break_about_the_recent_mess/ Meanwhile, yet more forks of Bitcoin started popping up, including Bitcoin Gold, Bitcoin Diamond, and Bitcoin Private. Also more recently, Bitcoin Cash had a controversial fork of its own resulting in Bitcoin SV, a fork of a fork. But that's another story. Not much has progressed since the fork around 18 months ago. Both sides still hate each other, but for now it seems the original Bitcoin chain is easily winning in popularity. But this might be because after the bubble last winter the transaction volume has decreased enough to allow most to fit into its block size. Who knows what will happen if/when the transaction volume picks up again and renders the blockchain all but useless.
Notice: Redditor for 3-4 months accounts or accounts that do not have a history of Bitcoin posts are probably the same person or just a few people paid to manipulate discussion here. It's likely a paid astroturfing campaign.
One common theme is that none of them know anything about Bitcoin as espoused in the whitepaper. They all seem to be pro-government regulation, anti-2mb max-blocksize and they all love Core/1mb/crippled Bitcoin. This is what happens when a new tech with huge promise is attacked from within. Thanks BlockstreamCore for screwing Bitcoin for centralized control and personal gain at the expense of the masses (just like a big banker would do). Update: most of them have a very-first post that is fighting the 2x increase. These aren't new users they are attackers that should be downvoted and possibly warned/temp banned if they continue to troll and mislead real new Bitcoin users.
I just wanted to let the community know for those who aren't aware (but I assume most actually are by now) that /btc has been under constant attack for some time now. To be honest, we've been the targets of many different forms of attack since we re-launched the sub back in 2015 after /bitcoin head mod theymos started his mass bans and censorship campaign where he and others like /bitcoin mod Bashco have banned thousands and thousands of people because their opinions aren't the same as theirs. Anyone and everyone that is against free speech and/or has ties to theymos and Bitcoin Core ideologies has tried in some way to undermine and disrupt this sub, even going so far as to try to sneak in fake mods to destroy the sub from within and creating small focused groups that target this sub and others that support us on social media with trolling campaigns and even using fake bought and sold accounts to troll people. They have even gone so far as to personify scammers into heroes to help push their propaganda. Although we may not be absolutely impervious to attacks I believe we've kept to our core principles of free speech and have provided a safe censorship-free environment here for anyone to partake in, from any side of the argument. If you want more information about some frequently asked questions/topics like this, please take a moment to read our FAQs which have a lot of the links and info from above in them. What is this post about? I'd like to keep this post short, so I'll get to the point. Ever since the Bitcoin Cash fork in August 2017 our readership and subscriber counts have sky rocketed. With the sensitivity to the topic and obviously our engagement much higher and with Bitcoin Cash showing huge price spikes the amount of trolling and overall attempt to disrupt here has heightened. We've seen it with an increase in trolls, fake accounts, spam, scams, and more. When SegWit2X was getting closer toward activation (it still has a couple days left before the target block height was supposed to trigger) we saw an uptick in trolls and what some call 'concern' trolling. Then SegWit2X was cancelled. Within a day or two of the cancellation Bitcoin Cash garnered a huge amount of market attention from all over the world. At this point is when the trolling and manipulation was set into motion. You can see examples of trolling all over, even in the /BitcoinCash sub where trolls are trying plant the seed that Bitcoin Cash is just a "pump and dump" scheme (which it isn't). But the most egregious troll to happen yet occurred on Monday. Reddit user itbekaleb posted to the /btc sub a post that was clearly being vote manipulated (had hundreds of upvotes in minutes). The mods here all agreed this was some sort of vote manipulation happening but in an abundance of caution we decided not to remove the post but post flair that reads "Possible Vote Manipulation, Use Caution" so any reader can know right away something is awry and also I posted a top level distinguished sticky comment explaining what may be happening. Some even caught on quickly that this must be a false flag attempt to make our sub look bad, but it didn't work. That same user also posted the same post in /BitcoinCash, where we did the same thing with the flair and top level comment. What is even more strange is the same user posted later in the thread that his account was hacked and they changed the password and that they are "good for security advice," (implying after changing their password they are good at user opsec). Except when I asked this user since they now have control over their account they should delete the post since they didn't create it and were "hacked," the same user responded with a few comments then all of a sudden claiming they don't know how to delete the post and asking mods to "dELeTE THiS." The post is still up, and the user never deleted it. Which makes me scratch my head was this intentional after all by the user or were they really hacked? What has even made this more strange was just less than 24 hours ago /bitcoin mod Bashco (yeah the same guy who has censored and banned thousands along with theymos who has possibly embezzled millions of dollars in a giant scam) made a sticky post to /bitcoin and within it commenting and laying the blame on /btc, implying one or some of our readers are doing the vote manipulation and "hacking." However there is zero proof to this. A reddit admin did chime in and confirm something "fishy" was happening in regards to the vote manipulation, but again, there is zero evidence it has anything do with /btc. The fact of the matter is nobody knows who is behind this attack. But it's clear that one of the goals is to make this sub and Bitcoin Cash look bad. There is precedence when it comes to this sort of thing. Most recently with the fake Russian ads posted to Facebook which were intended to divide political groups. It wasn't pro-Trump or pro-Clinton people that posted the ads, it was another group in Russia that did it with the intent to disrupt. In the end, so far we have no proof who is behind this and what their motives are. But to lay blame on this sub and it's readers is a huge red flag to me that something else is not right with all of this given the past history with censorship, trolling, and targeted attacks by people in /bitcoin. To whoever is doing this, we do not condone or encourage this sort of activity; not in the name of /btc or Bitcoin Cash. Whoever is doing this, please stop! I'm sure I left out some things in this post, so feel free to leave a comment on what your thoughts are and any more information you can provide.
Newbs might not know this, but bitcoin recently came out of an intense internal drama. Between July 2015 and August 2017 bitcoin was attacked by external forces who were hoping to destroy the very properties that made bitcoin valuable in the first place. This culminated in the creation of segwit and the UASF (user activated soft fork) movement. The UASF was successful, segwit was added to bitcoin and with that the anti-decentralization side left bitcoin altogether and created their own altcoin called bcash. Bitcoin's price was $2500, soon after segwit was activated the price doubled to $5000 and continued rising until a top of $20000 before correcting to where we are today. During this drama, I took time away from writing open source code to help educate and argue on reddit, twitter and other social media. I came up with a reading list for quickly copypasting things. It may be interesting today for newbs or anyone who wants a history lesson on what exactly happened during those two years when bitcoin's very existence as a decentralized low-trust currency was questioned. Now the fight has essentially been won, I try not to comment on reddit that much anymore. There's nothing left to do except wait for Lightning and similar tech to become mature (or better yet, help code it and test it) In this thread you can learn about block sizes, latency, decentralization, segwit, ASICBOOST, lightning network and all the other issues that were debated endlessly for over two years. So when someone tries to get you to invest in bcash, remind them of the time they supported Bitcoin Unlimited. For more threads like this see UASF
A signed version of this message can be found here https://pastebin.com/Lp5Djs5R Hello. I am the BearWhale. After a series of bad experiences with the banking system, I invested most of my life savings into bitcoin when the price was fairly low, around $8. For years I was a HODLer. I was holding when Trendon Shavers ripped everyone off. I was holding when the price was over a thousand, and I held after MtGox imploded. I believe strongly in Bitcoin’s decentralized promise of displacing immoral national currencies. The price kept drifting downwards until finally at a little over $300 I had enough. I sold off everything, based on an accumulation of information I gathered mostly from social media such as bitcointalk.org and reddit:
The block size limit of 1MB was a threat to bitcoin’s future
“Satoshi’s vision” was unlimited block sizes
Gavin was ousted by a cabal of self-interested engineers, a.k.a. “Blockstream”
Blockstream took control of bitcoin’s source code repository
Theymos colluded with Blockstream to censor block size increase discussions
The subreddit bitcoin heavily censored block size increase discussions
Blockstream wanted the block size low to promote its proprietary Lightning Network
Gregory Maxwell was a bad actor and Luke-Jr was a religious nut
The market agreed with the above, leading to the then-decline in price towards $300
At this point I should state that I am a highly technical person. I understand all of the math behind the bitcoin whitepaper and the software that powers it. Although, I am not a security expert nor am I a cypherpunk - only a little experience in the type of adversarial thinking necessary to be a competent steward of the technology. I don’t regret selling, as I made an enormous profit. The decision was a rational one based on available information. However, in 2017 I went all-in on bitcoin again and here’s why: None of the supposed facts which motivated my decision to sell were correct. It was all a carefully crafted and funded disinformation campaign launched by Roger Ver and his cronies, perhaps Jihan Wu, to discourage improvements to the bitcoin protocol to achieve financial gain at the expense of the community. Once I recognized the moves to discredit the core developers for what it was, a covertly operated smear campaign fought on social media, funded by enormous enrichment from bitcoin, carried out with sock puppets and appeals to emotion, I looked at bitcoin and the greater community again with a more critical eye and I came to the following conclusions:
Bitcoin is working great: look at the fees people are willing to pay
Resistance to poorly thought out protocol changes is a feature not a bug
Core developers are highly competent, from reading the mailing list
SegWit is incredibly well engineered to create the least network disruption
The subreddit btc is filled with negativity and meaningless attack
Roger Ver is a con man who uses his bitcoin.com domain to push his agenda
Bitcoin mining is centralized due to Bitmain’s temporary monopoly on retail hardware
ASICBoost is an exploit which has broken some economic incentives of bitcoin
Absent Bitmain, bitcoin the currency is far superior to altcoins
Although I am of course an adult fully responsible for my decisions, I want to make it clear that Roger Ver’s agenda was successful at convincing me that bitcoin had a “governance crisis” and was at risk of being overtaken by altcoins. My reason for this open letter s simple: I want the community to know that I fully support the core developers. I am strongly in favor of UASF as a mechanism for liminating the centralizing effect of miner control illusions. I support SegWit as a sensible technology for moving Bitcoin forward. I reject a block-size increase hard fork at the present time. I reject a phony “compromise.” And I especially resent and reject a consortium of suits coming to an “agreement” on what source-code base will be named “bitcoin” without that code base being thoroughly vetted over a suitable long time-frame by industry professionals. Those industry professionals include Gregory Maxwell and most of the people who participate regularly on the bitcoin developers mailing list and contribute pull requests to the bitcoin-core repository. tl;dr; I am the BearWhale: I sold Bitcoin for the wrong reasons, and now I am all-in and long bitcoin again.
Kind of click baity title, sorry for that. Reading the comments on this sub I noticed quite a few 'confessions' going a little like this: 'I started out as a bitcoiner, got disappointed by BTC or inspired by ETH and flippened.' Now I thought wouldn't it be jolly good fun to have a thread dedicated to these kind of confessions!? It would be interesting to know about how you got to know bitcoin, what got you hooked. How you got to know Ethereum and what made you flip? Please don't turn this into a 'let's bash coins' thread. Genuinely interested. EDIT: Thanks everyone. It's great reading all your personal journeys into crypto and specifically ETH. The stories that struck me most are the ones where crypto has enabled a new lifestyle, seeing your parents more often, being able to afford things unthinkable before. Thanks for the time and honesty!
Bitcoin Companies Would Be Required to Take a Pledge or Take a “Bitcoin Basics” Course. Theymos made the decision about the pledge on November 8, the same day the Segwit2x working group decided to cancel the hard fork. Theymos argued that several companies had previously declared that miners control bitcoin. Bitcoin price is still rising. Experts predict the future rise for Bitcoin price as in 2017. 4 June 2019 $7,750 The price of bitcoin fell by more than 10%. 15 June 2019 $8,700 The price of BTC has risen above $ 8,000. Experts claim that the 2015 pattern is repeating. 16 June 2019 $9,311 Cryptocurrency updated the annual maximum at around $9000 If these — close to 1 million BTC — coins would be brought back into circulation, there is no telling what would happen to the bitcoin price. Theymos, the owner of the BitcoinTalk forums and Maybe it's time to discuss r/bitcoin's history again. Credit to u/singularity87 for the original post over 3 years ago.. People should get the full story of r/bitcoin because it is probably one of the strangest of all reddit subs.. r/bitcoin, the main sub for the bitcoin community is held and run by a person who goes by the pseudonym u/theymos.Theymos not only controls r/bitcoin, but also The leader behind this agenda was Theymos. He was known for moderating the r/bitcoin subreddit. During the winter of 2017, bitcoin reached its highest price level, nearing the $20,000 mark. However, during this time bitcoin fees also skyrocketed. They reached an
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