In the aftermath of the announcement made by Segwit2x working group about calling off the hard fork which was scheduled to impart a makeover to crypto-sphere in the coming week, several Bitcoin proponents have finally revealed their opinion about the same. Theymos, one of the administrators of Bitcoin.org has even plead that “Bitcoin is not ruled by miners” should be taken off from the website’s link page.
In spite of being cancelled officially, the drama surrounding the Segwit2x hard fork is still up and running. Theymos announced its desire for businesses engaged in Bitcoin to make a pledge on 8th November, the same day when the hard-hitting announcement was made by Segwit2x working group.
The Github issue penned down by Theymos stated out that:
“This belief is one of the most dangerous threats to Bitcoin, since if most people think that, then bitcoin ends up controlled by only a handful of people — Although this issue is mentioned in a few places on Bitcoin.org, I’ve been thinking that Bitcoin.org should somehow act against this more than it is already. For example, maybe Bitcoin.org should require that wallets and services sign a very simple pledge that acknowledges that bitcoin is not ruled by miners in order to be linked from Bitcoin.org. Or Bitcoin.org could offer a free “bitcoin basics” online course and certification which would have as one of its main goals getting this concept through to people”
Luke Jr, a Bitcoin developer pointed out immediately after the issue was brought up by Theymos that there exists a certain class belief that Bitcoins are controlled by developers. But it’s the “user or owner” of coins who need to be in the utmost controlling position over these dynamic cryptocurrencies. “Cobra Bitcoin,” the anonymous owner of Bitcoin.org, stated that:
“The white paper is to blame for all these dangerous beliefs — We seriously need to rewrite it, or produce a completely new white paper and call that the Bitcoin white paper. The whitepaper is probably the only vaguely “technical” document that many people in positions of power and influence have read, it’s what they base their understanding of Bitcoin on. And it’s very easy to misunderstand in subtle ways. It’s an extremely dangerous document for an ignorant person to read.”
Cobra in particular disagrees with the following statement made by Bitcoin creator Satoshi Nakamoto in 2008, “They vote with their CPU power, expressing their acceptance of valid blocks by working on extending them and rejecting invalid blocks by refusing to work on them. Any needed rules and incentives can be enforced with this consensus mechanism.”
Cobra exclaimed that Satoshi was obviously referring to those running “full nodes.” He also added that those having less idea about Bitcoin mechanism feels that miners have the supreme role to play in shaping up the network’s growth trajectory and the network’s consensus rules. Cobra signs off by saying, “I like the idea of offering a free basic course. Maybe it could be something as simple as an animated interactive experience that aims to teach Bitcoin users their civic duty?”
Cobra indicated at changing the ground principles laid down by Satoshi which obviously did attract a lot of controversies amongst Bitcoin aficionados. People have been searching the web about the same which is evident from its Google rankings. Cobra has been emphasizing on the idea of Gifthub back since 2016. However his idea did not gain much followers initially.
Also Read: Buy Bitcoin” Google Searches Exceeds Than “Buy Gold”
One such person who opposed the idea wrote that, “Many dictatorships rewrite history to suit their political goals.”
Others have also expressed their concerns over the Gifthub issue by hash tagging the same as Amendments to the Bitcoin paper #1325. Luke Jr, the developer of Bitcoin Core and Cobra has been discussing about changing the work mechanism of Bitcoin thus adding fuel to the fire of ongoing controversies.
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