Scanning through Twitter this morning for crypto news, I was shocked to find out that Blockstream CTO, Greg Maxwell has resigned from Blockstream, the company he co-founded.
I received this news from one of my favorite people on Twitter to follow, Mr. Scatman, a visionary artist and all around interesting person who has been following the Bitcoin split with passion:
Twitter: https://twitter.com/bsmith12251960
Read Greg Maxwell's official resignation here, from his Linux blog:
https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2018-January/015586.html
I was shocked that Greg Maxwell resigned in November, but Blockstream didn't release the news until today, on their blog. The most obviously bizarre thing in all of this is that Greg is resigning from Blockstream because he wants to focus more on Bitcoin development......WHAT? Well, if you've been noticing, and if you've been paying attention, Blockstream was funded by big corporate investors, and as you know how this goes, they want a return on their investment. If you have not educated yourself about the future of Lightning Network, and what that entails, and how Blockstream intends to create profits from their sidechains, then you have a lot to learn. This resignation points to the cracks in Blockstream's plan, and it shows that they are not really interested in creating a peer-to-peer cash system. Maxwell states this pretty clearly, with the fact that he finds it incompatible to be employed by Blockstream and work on developing Bitcoin at the same time. It's almost an oxymoronic statement, just think about this for a second.
To read further, take a look at the official announcement from Blockstream's Blog:
https://blockstream.com/2018/01/19/blockstream-bids-farewell-to-gregory-maxwell.html
It looks like the cracks are really beginning to form, as we see the true intent of Blockstream: profit at any cost, even destroying the original vision of Bitcoin.
We can see that governance systems are crucial to the long-term health of cryptocurrency. That's why a lot of my focus has been on coins which include governance systems like EOS, Dash and others. Humans are unwieldy, and even though I like the idea of complete freedom, I see the need for some kind of structure that binds us together in a sensible way. I think Steem is really showing signs of growth in the right direction, as more and more people in here form groups that they can help grow and sustain. I'll take a Berniesanders vs. Haejin fight any day over the hell that broke up the Bitcoin chain. Fighting will always be something that exists in Steem, and even though no good solution currently exists to create some harmony there, I think it is not of a nature to break up the blockchain.
There you have it. I wonder who will replace Greg Maxwell? Any guesses?
Well, he knows that Blockstream have destroyed bitcoin and so he decided to quit.
Blockstream totally changed the idealogy of Bitcoin for selfish reasons.
Thanks to Bitcoin Cash (which is the real bitcoin in anyway)
He wants to focus more on the real Bitcoin - Bitcoin Cash and not Bitcoin Core.
Sadly, I hope all the Bitcoin Core fans see this signs on the wall and take the right decision.
Advice: Don't let greed cloud your judgement.
Remember what made you to love bitcoin and why that thing has suddenly changed because of Blockstream
Happy Steeming
Bitcoin Core, Bitcoin Segwit, call it whatever you want, but the fact remains that it is the REAL Bitcoin. The decntralized community of users decided this with UASF and NO2X last year. BCash is a Chinese knock-off scam of the real Bitcoin which attempts to subvert the real Bitcoin and steal its name. Blockstream didn't destroy Bitcoin (which is a fallacy itself), because it was never theirs to destroy, and they have never had the power over Bitcoin that the haters claim.
Increasing block sizes is not a sustainable solution. It only makes the system more centralized in the long run. 8mb is okay but as the block size gets bigger and bigger, it becomes harder to sustain full nodes and as a result number of people who have full nodes decrease. So no, making block sizes bigger is the easy way to go but not the ultimate solution. If you are in for a centralized solution keep supporting Bitcoin Cash.
There is alot behind the scenes, Bitcoin has some hurdles ahead, I think by now most people know its not as decentralized as we think and as the players get bigger in the game and with money flowing in, some folks would move away...I think he can use his talents to help birth some talents into the Bitcoin ecosystem, there is so much politics, I am sure a certain camp is rejoicing
Nice post...
You're right ... Thanks for the post :-) @stellabelle
omg,,,,nice,,,posing
interesting news ...
I got insight and knowledge
thank you@ gregmaxwell
this is a great feed of bitcoin..thanks for sharing...
holy shit this is HUGE news... how did I miss this I was JUST on twitter?!?
because no one covered this news. It was quietly released months after his resignation.
And if investors in blockstream are also invested in the sources of news that we should have heard of this from... dun dun dunnn
You're so nice for commenting on this post. For that, I gave you a vote!
Lead by example. Hopefully his acting upon his conscience gives others in the space the willpower and gumption to change their situation.
@stellabelle Thank you for reporting. It's nice to see that steemit is used for information sharing outside combat. This is the first time I've heard this. I had no clue. I can do some research.
WHAT AN AMAZING POST...@STELLABELLE
Block stream verified account...@blockstream we believe in the potential of bitcoin and blockchain technology to have significant, positive social impact... More thanks @stellabelle for this motivating post...
@stellabelle
Thanks for this post. For some days now we have how bad the trade line has been in the cryptoworld/market. The resignation of the CTO has impact negatively and we can see it clearly.
The revealing of this by Blockstream shows that it is political. As such this is not good for everyone in the cryptoworld as it is believed to be decentralised.
Well, we hope to see a bounce back soon and all things back to normal.
Thank you for this information it is educating.
I am me @brightfame
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Hi : ) I would like to participate in Operation Translation by translating this post into Chinese. Would that be okay with you? I would follow @papa-pepper's guidelines!
I've translated this post into Chinese, I hope I did everything right. Please let me know if you see anything that needs to be changed and thanks for letting me translate your post. https://steemit.com/cn/@mgsun/blockstream-greg-maxwell-a-chinese-translation-of-greg-maxwell-cto-of-blockstream-has-resigned-by-stellabelle
of course you can! Great! Thanks. You don't need to ask permission. Please translate anything you wish of mine. Just add a link to the original article Thanks!
Thank you so much! From the bottom of my heart : )
the gas is leaking slowly
Thanks for update news, excellent post, thanks for good sharing
I was extreme shocked myself, but if he decides to focus on bitcoin development, I feel it's his choice but I just hope blockstream is in better hands else we wouldn't know what would happen next.
Interesting..
@jerrybanfield should replace Greg Maxwell.
Well I personally expect such crack but I strongly believe the future of Steemit is bright
To me, i believe Greg Maxwell has reasons for his resignation from blockstream. Like he earlier said, he wants to major in one part of cryptocurrency, which is bitcoin. Well i wish him goodluck in his decision. As for his replacement in blockstream, hmmm... only time will tell. Or what do you think? @stellabelle
Refreshing view on the flag wars. So many say here's why it's good or here's why it's bad and to see someone say it's just what's part of a free system is a better way to look at it to me.
Your post is always Informative, keep it up.
This is surprising, but in a way it’s not. I think he definitely did the right thing.
Hahahahah
Info yang bagus, terimakasih telah berbagi
Wow! I am speechless!
oh no.. what will happen now? and who will replace him?
how did I not see this on twitter!? T_T
Nobody will . I know I’ll be paying close attention to the legend now . Awesome post . Thanks @stellabelle🤙
Thanks you for posting this news, news will probably make everyone wonder why he can resigned and what causes it??
This is a great post.
I am @munawir1994 from indonesia:Aceh, Please help me as a beginner steemit, follow and upvote me
@stellabelle
Nice man
I've been following lots of the Bitcoin core development. This will really open a can of worms. It's a huge can of worms. Hopefully people will soon realize what is going on. That the conspiracy theories are true.
I see the BCash shills have made the "Blockstream runs Bitcoin" meme stick on Steemit.
They contribute less than 2% to the Bitcoin project. Its all there, on github stats.
But who needs to let pesky facts get in the way of a juicy "viral" story about Greg Maxwell?
I've talked to Greg, and he'll keep contributing just as he always has. If you believe the Blockstream FUD stories, you're not seeing the whole picture.
Back to the drama thread already in progress....