Follow

Helping bcash not only propped up that scam, but it also artificially prolonged the life of bad actors Bitmain so they can potentially IPO. Remember ASICBOOST and the Patent? I guess someone didn't. This is the Bitcoin equivalent of a Central Bank bailout of a failing company, that will now continue to drain resources and poison against Bitcoin. They should have been allowed to fail and liquidate. Then someone ethical would have bought them out and made them beneficial. twitter.com/Excellion/status/1

@beautyon Despite Ver's attacks on Bitcoin they helped him? Pathological Altruism at work.

@beautyon this story is the unfortunate illustration that the value of FOSS might not entirely translate to Bitcoin. I wouldn’t be as hard as you on Corey because I think he was only abiding to his ethos, which is respectable, but it was obviously a move with bad consequences.

@beautyon

In living nature the weakest die; it's neither ethical nor unethical it is just the way it _is_.

Saving Btrash is just like helping those who won't survive letting further weaken the pack.

Saving Btrash is neither ethical nor unethical it _is_ just the way socialism works: shifting resources from a strong and prospering ecosystem to a failing one on the expenses of all!

@beautyon To awoid moral conflicts developers should stay away from reviewing the BCASH code in the future. A superficial look should suffice.

@beautyon on the upside, every mishap should = potential stress test for bitcoin ecosystem...showcase its resilience. Life happens when we’re busy making plans seems to hold true😏

@beautyon some devs have a Hippocratic oath type ethos it seems, but the application of it here is misguided IMO. Users will be hurt anyway when Bcash folds over, but by prolonging its existence, you keep the door open for new users to run into a burning building.

@beautyon Agreed. However, once Bitmain lists they are beholden to investors and EPS guidance. Lets get a bunch of HODLers and buy a majority stake, then give them a dose of their own medicine.

Sign in to participate in the conversation
Bitcoin Mastodon

A mastodon instance for Bitcoin Maximalists.
No scams, no shitcoin, no impersonation, no begging, and no illegal content.
Keep it civil and we should all survive :)