Coming soon - Get a detailed view of why an account is flagged as spam!
view details
156
Proof that blockstream trolls took Peter R.'s statement about supply out of context
Post Body

A lot of controversy has been stirred around a statement that Peter R. from BU recently made on Core slack.

https://www.reddit.com/r/btc/comments/5poe8j/can_any_bitcoin_unlimited_devs_preferable_peter_r/

If we look at Peter R.'s actual words, he said:

I don't believe a fixed supply is a central property of Bitcoin.

Now, people have been attacking this based on their interpretation that this is referring to the 21M coin limit in Bitcoin.

However, shortly prior to that comment, Peter R. said the following:

So, IMO, the scarcity of bitcoins is a central property, scarcity of block space is not.

It's quite evident that Peter R. was talking about the supply of block space, and not about the 21M limit.


P.S.: I'm a member of BU. I haven't seen any members of Unlimited argue for a lifting of the 21M coin limit, let alone Peter. Having to quote him out of context only illustrates the desperation of those opposed to the concept of BU's market-driven approach to block size.

If there do exist any BU members in favor of modifying the 21M limit, they could provide a signed statement to that effect. I am sure enough that you won't see any such statements, so we can basically put this FUD about BU's developers to rest.

But even if there are supporters of inflation - their ideas would still have to pass a public vote according to BU's Articles of Federation. That would require majority support for Bitcoin inflation, which is nowhere to be found in the real world.

EDIT: corrected typo in postscript (block size limit -> 21M limit)

Author
Account Strength
100%
Account Age
8 years
Verified Email
Yes
Verified Flair
No
Total Karma
20,629
Link Karma
7,328
Comment Karma
12,869
Profile updated: 6 days ago
Posts updated: 10 months ago
Bitcoin Cash Developer

Subreddit

Post Details

We try to extract some basic information from the post title. This is not always successful or accurate, please use your best judgement and compare these values to the post title and body for confirmation.
Posted
8 years ago