Follow The Money….

April 10, 2017 Leave a comment

I bought into Bitcoin 2+ years ago with a full understanding that my investment could instantaneouly go to ZERO – poof! I was (and still am) hoping to kill 2 birds with one stone:

  1. Help give the world’s billions of “unbanked” people the opportunity to bootstrap themselves out of poverty by participating in commerce (the original Bitcoin cash use case) without any middlemen blocking their way and “feeing” them to death.
  2. Make money in the long term on my investment in other, less fortunate than I, people.

Before proceeding to view and interpret the following blasphemous diagram as either “right on” or a total “croc o’ conspiracy crap“, here’s my caveated stance on the devastating civil war going on in Bitcoinland:

Activating SegWit is clearly the safest technical option available to move the Bitcoin protocol forward at this point in time. Thus, the I hope it activates and the smoke clears ASAP.

The caveat is this… Based on my observation of how the strategic trajectory of the protocol regarding future on chain scaling has been subtly distorted since the worst thing to ever happen to Bitcoin occurred (the insertion of Blockstream Inc. financial influence into the development team), I hope the whole “the Bitcoin Core software development team Is An Untainted, Decentralized group” potemkin village is destroyed and this particularly toxic special interest group, Blockstream Inc., is seen for what it is – a big, centralized, banksta in clever disguise.

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The WALL

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Big Vs Small

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From Egalitarian To Segregated


 



The way the Bitcoin protocol is evolving, it looks like more and more “regular” people are being priced out of the the L1 “trustless” blockchain and kicked upstairs onto L2 “trust-me” IOU payment service providers.

 

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Paths To The Future

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Trust Us!

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The Transformation Of Wealth Into Influence

AXA is a French multinational insurance firm headquartered in the 8th arrondissement of Paris that engages in global insurance, investment management, and other financial services.

I’m excited to announce that we raised $55 million in Series A funding….. We’re thrilled to welcome Horizons Ventures, AXA Strategic Ventures, and Digital Garage to our great group of investors and advisors. – Austin Hill, Co-founder, Blockstream Inc.

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