While tooling around YouTube I ran into this channel called We Are All Satoshi. In this particular video, he (Rick Falvinge) claims Blockstream is failing (employees leaving the company, marginal re-investment in the company, etc.) and that they are trying to control the future of Bitcoin.
"Bitcoin is not a store of value, it’s a store of drama
NOTE: He also gives a reason int this video for why Vitalik chose not to use Bitcoin directly for Ethereum.
Can anyone give some background on Mr. Falvinge and these Blockstream issues? This is all news to me:
Here’s an article covering Blockstream and their Segwit patents:
The real reason they were pushing so hard for mechanism Y, of course, was that they had patents covering mechanism Y and wanted their patented technology to go into the industry standard, but they were unable to make a coherent argument that withstood technical scrutiny for why it was the preferable solution at hand, with or without such encumbrance.
The above sounds familiar to those of us veteran developers because we have seen it with previous consortium’s behind the Internet and related programming language environements.
NOTE: Mr. Falvinge is a Bitcoin Cash proponent.
Peter’s coverage of Bitcoin Cash and Max Keiser’s opinion on the subject:
Comments? I’m beginning to wonder if Roger Ver has some valid points mixed in with all the crazy and the drama? Or is this a case of Rick Falvinge having his own axe to grind? It’s easy to throw out harsh comments and ignore the points being made here just to make life simpler and easier to digest, but I would be much happier to see valid fact-based rebuttals instead. I still love Bitcoin and admire the Blockstream devs that did so much to support it. Just looking for answers.