Tech 25 May 2018

Dan Taylor

Rick Falkvinge brings clarity to Bitcoin debate with ‘Rick Reacts’

The debate between supporters of the Bitcoin Core (BTC) coin and proponents of Bitcoin Cash (BCH) continues to divide the cryptocurrency community. Aggressive mudslinging, particularly from BTC supporters online, has created an environment of hostility and confusion, resulting in an unnecessary lack of certainty for those new to the space.

Now, IT entrepreneur turned politician Rick Falkvinge is seeking to bring more clarity to the debate, with a series of videos on his YouTube channel, We Are All Satoshi.

Falkvinge is perhaps best known for founding The Pirate Party in Sweden, with a strong focus on civil liberties and a more sophisticated approach to copyright and file sharing in the digital age. Under his leadership, the party grew to contest their first elections in 2006, and went on to secure representation in the European Parliament in 2009, with Falkvinge making international media headlines in the wake of this political earthquake.

His ‘Rick Reacts’ series deals with these issues head on, offering clear, concise explanations that go to the root of the disagreements between Bitcoin Cash and BTC coin supporters.

His most recent video discusses the need to plan for an indefinite block size, which Falkvinge describes as ‘mathematically sound.’ Deflecting the common objection of technological limitations to an indefinite block size, the video explains how “the resources needed to sustain an indefinite block size increase for bitcoin…is not only possible, but also well aligned with the last 120 years of computing history.”

On this ground, Falkvinge advocates for the Bitcoin (BCH) model, which is already pursuing this route—in stark contrast to tactics on the BTC side of the argument.

In another video, Falkvinge challenges the BTC narrative that everyone should run their own node and the “nonsense about bitcoin nodes” from the BTC fork. Reflecting on the letter and intent of the original Satoshi whitepaper, Falkvinge argues that it is in fact mining nodes that provide decentralisation, rather than requiring non-mining nodes.

The channel offers regular reflections on the BCH/BTC debate, and aims to clear up many of the ad hominem and ill-informed attacks from the Core community, aimed at proponents of BCH.

With BCH becoming ever more popular as a transactional coin, BCH supporters can only hope the efforts of Falkvinge help clear up some of these common misconceptions about the true vision of Bitcoin. Check out Falkvinge’s other videos at his YouTube channel, We Are All Satoshi.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.


latest news

Japan’s SBI Group sets up crypto mining chip operation

Tech 6 hours ago

Japan’s SBI Group sets up crypto mining chip operation

SBI has revealed that a new operation will be headed by ex-NASA and serial entrepreneur, Adam Traidman.

Read More
Dr. Craig Wright on fair trade with Bitcoin SV

Tech 8 hours ago

Dr. Craig Wright on fair trade with Bitcoin SV

In his latest Medium post, Dr. Craig Wright describes the technical details of how the Bitcoin protocol can be used to create fair smart contracts.

Read More
Odyssey blockchain hackathon seeks prototypes to address ‘societal challenges’

Tech 12 hours ago

Odyssey blockchain hackathon seeks prototypes to address ‘societal challenges’

The Netherlands is continuing its Odyssey tradition for the third year, where all sorts of talented individuals will gather to tackle societal challenges by offering solutions through emerging technologies.

Read More